Georgia Filing Action for Certified Terrorism Loss
AAIS endorsements that can be used to cover or exclude certified terrorism loss and the corresponding rating information have been filed in Georgia, on a file and use basis. The endorsement numbers and corresponding rating factors have been posted on the AAIS open Web site at http://www.aaisonline.com/terror/StateAction.htm.

Many of the endorsements filed in Georgia reflect an edition date of 02 03 rather than the multistate edition of 12 02. Under the 02 03 endorsements, fire-following losses are not subject to the Maximum Annual Liability amount set forth in the Federal Terrorism Risk Insurance Act of 2002. A copy of each 02 03 endorsement will be distributed, by bulletin, to Georgia affiliates in the near future. Starting January 31, 2003, AAISDirect subscribers will have access to the state-specific endorsements electronically.

Up until now, Georgia has not approved terrorism exclusions. As a result, the endorsements that cover loss caused by certified acts of terrorism are intended for use with new, renewal, and in-force policies, but the rating factors should be used only with new and renewal policies.

The Department of Insurance has indicated that their current position with respect to non-certified loss exclusions (that of not permitting them to be placed on file) will remain unchanged. As a result, AAIS will not be making a filing of any non-certified exclusion endorsements in this state. Accordingly, the portion of the web site devoted to non-certified terrorism loss has been deleted from the Georgia-specific web pages.

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