AAIS Product Advisory - December 8, 2003

"Product Advisory" identifies all AAIS bulletins issued last week and includes other information of interest to property/casualty insurers.
Link here for Product Advisory from previous weeks: http://www.aaisonline.com/services/pastpa.html

IMPORTANT WEB SEMINAR ON INLAND MARINE GUIDE FILING
Companies that use the AAIS Inland Marine Guide are urged to sign up for a Web seminar scheduled for 1 p.m. Central time Thursday, Dec. 11. The   seminar will provide important compliance information regarding AAIS's decision to file Guide forms in several states. To register, go to http://www.aaisonline.com/services/webinar.html

REGISTRATION OPENS FOR ANNUAL CONFERENCE
Registration is now open for the 2004 AAIS Annual Conference, April 4-6 at the Ritz-Carlton on Amelia Island, Fla. The conference features a strong lineup of speakers from A.M. Best, IBM, Microsoft, NAMIC, Nationwide, St. Paul, Arbitration Forums, and the American Institute for CPCU. For information and to register, go to http://www.aaisonline.com/communications/annualconf.html

DISCOUNT AVAILABLE ON VALUATION SERVICE
Companies affiliated with AAIS for any line of insurance can qualify for a discount on the "CostWorks Valuator" residential valuation service developed by RSMeans, a firm that specializes in construction cost data.
For information on the agreement between AAIS and RSMeans, go to http://www.aaisonline.com/press/Press111403.html
For information on CostWorks Valuator, go to www.rsmeans.com ,
or contact Michael Cummings, account director for insurance services, at mcummings@reedbusiness.com  (RSMeans is owned by Reed Construction Data.)

STATE-SPECIFIC TERRORISM INFORMATION POSTED
Go to http://www.aaisonline.com/terrorism/StateAction.html

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BULLETINS BY CATEGORY
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COUNTRYWIDE/MULTIPLE LINES
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COUNTRYWIDE
Inland Marine Guide
Bulletin 03-0533
Web Seminar - Inland Marine Guide Filing Project

On Dec. 11, 2003, at 1 p.m. Central Time (2 p.m. Eastern), AAIS will conduct a Web based seminar that will provide information on AAIS's initiative to file the forms in the Inland Marine Guide with a proposed effective date of July 1, 2004. Attendance is recommended; this seminar will provide procedural information useful to product, compliance, and filing managers. 
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COUNTRYWIDE
All Lines of Insurance
Bulletin 03-0539
Final Month Of Bulletin Mailings

Effective Jan. 1, 2004, AAIS bulletins will only be distributed electronically.
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TERRORISM UPDATES - Bulletins listed by State
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ALASKA
Farm Properties, Farmowners, Personal & Premises Liability, Farm Umbrella
Bulletin 03-0499
Certified Terrorism Exclusion Endorsements And Rating Procedures Revised

A special 02 04 edition of the certified terrorism exclusion endorsement applicable to each farm-related program has been filed for use in Alaska, effective date Jan. 1, 2004, as a replacement for the corresponding 06 03 exclusion endorsement that is currently on file.
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WASHINGTON
Farm Properties, Farmowners, Personal & Premises Liability, Farm Umbrella
Bulletin 03-0500
Certified Terrorism Exclusion Endorsements And Rating Procedures Revised

A special 03 04 edition of the certified terrorism exclusion endorsement applicable to each farm-related program has been filed for use in Washington, effective date Jan. 1, 2004, as a replacement for the corresponding 01 03 exclusion endorsement that is currently on file.
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NEW YORK
Farm Properties, Farmowners
Bulletin 03-0501
Certified Terrorism Endorsements And Rating Procedures Revised

Special 02 04 editions of the Farm Properties and Farmowners certified terrorism endorsements have been filed for use in New York, effective date Jan. 1, 2004, as a replacement for the corresponding 04 03 endorsements that are currently on file.
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COMPLIANCE - Bulletins listed by State
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NEW YORK
Farmowners, Home-Based Business, Homeowners, Mobile-Homeowners
Bulletin 03-0492
Revised State Amendatory Endorsements Approved

Amended effective date Feb. 1, 2004.
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WASHINGTON
Boatowners, Personal Inland Marine, Personal And Premises Liability
Bulletin 03-0491
Loss Payee And Other Revised Endorsements And Rules Filed

A replacement Loss Payable endorsement and related rule for Boatowners, and changes to cancellation for all three programs were filed with a proposed effective date of Apr. 1, 2004

To review related Washington regulation WAC 284-21-010, which regulates loss payable and mortgagee endorsements, go to:
Loss Payable Regulation WAC 284-21-010
http://external.uniforminc.com/forms/getCite1.plx?doc=28329citetext.htm&src=LC
Loss Payable Appendix
http://external.uniforminc.com/forms/getCite1.plx?doc=28330citetext.htm&src=LC
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WISCONSIN
Commercial Lines
Bulletin 03-0496
Revised Amendatory Endorsements Approved

Effective date Feb. 1, 2004.
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WISCONSIN
Personal Lines
Bulletin 03-0495
Revised Amendatory Endorsements Approved

Effective date Feb. 1, 2004.
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WISCONSIN
Inland Marine Guide
Bulletin 03-0497
Revised Endorsement Available - Compliance Information For Non-Filed Inland Marine Classes

Refer to the Bulletin for company action required to adopt revised endorsement.
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PROGRAM UPDATES - Bulletins listed by Line of Insurance
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ARTISANS, BUSINESSOWNERS, COMMERCIAL LIABILITY
Illinois
Bulletin 03-0540
Amended Effective Date For Withdrawal Of Non-Owned Auto Liability And Hired Auto Liability Coverage Option

Amended effective date Apr. 1, 2004.
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COMMERCIAL OUTPUT PROGRAM
Alaska
Bulletin 03-0513
Commercial Output Program Revision 3.0 Approved

Effective date Feb. 1, 2004 with changes outlined in the Bulletin.
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COMMERCIAL OUTPUT PROGRAM
District Of Columbia And Virginia
Bulletin 03-0510
Mold Limitation Endorsements/Rules Approved

Effective date Jan. 1, 2004.
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DWELLING PROPERTIES
Countrywide
Bulletin 03-0487
Fungi Endorsement Approved In An Additional Jurisdiction

Endorsement FL 0452 and the corresponding manual supplement have recently been approved in Florida. In Florida, manual supplement Rev 1.3 was filed instead of Rev 1.0. Supplement Rev 1.3 does not include reference to the Landlord's Premises-Only Coverage Option, which is not available in this state.

Effective date Jan. 1, 2004.
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FARMOWNERS

Iowa    Bulletin 03-0503
Nevada   Bulletin 03-0504
New York   Bulletin 03-0507
Utah   Bulletin 03-0506

Manual Revision 08 03 Filed

Proposed effective date June 1, 2004.
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FARMOWNERS
Wyoming
Bulletin 03-0505
Manual Revision 08 03 Available

Each company must establish its own effective date.
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FARMOWNERS, FARM PROPERTIES
Countrywide
Bulletin 03-0485
Fungi Endorsements Approved In Additional Jurisdictions

The materials described in this bulletin have been approved in Virginia and acknowledged in Washington. Effective date Jan. 1, 2004.
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FARM UMBRELLA, PERSONAL UMBRELLA
Countrywide
Bulletin 03-0498
Advisory Fungi Exclusions Available In Additional Jurisdictions

Endorsements UM 0121 03 03 and UM 0143 03 03 are now approved in a total of 44 jurisdictions.  See bulletin for states and effective dates.
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PERSONAL & PREMISES LIABILITY
Countrywide
Bulletin 03-0486
Fungi Endorsements Approved In An Additional Jurisdiction

Endorsements GL 0783 and GL 0784 and corresponding manual supplements have recently been approved in Oklahoma. The filing also included endorsement CL-300 Ed 1.0. Effective date Jan. 1, 2004. Refer to the bulletin for company action in other jurisdictions.
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PERSONAL UMBRELLA
Utah
Bulletin 03-0494
Revised Uninsured/Underinsured Motorists Coverage Endorsement & Personal Umbrella Options Approved

Advisory effective date Jan. 1, 2004.
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AAIS helps more than 600 property/casualty insurers compete in their markets by providing cost-effective technical services, including forms and manuals, and product development, actuarial, statistical, filing, and software support.
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Subscribers to http://www.AAISdirect.com may view and download these bulletins immediately.

Companies that do not currently use an AAIS program referenced here can request additional information from Rick Anderer at richarda@AAISonline.com or 800/564-AAIS x222.

Feel free to forward the AAIS Product Advisory to anyone. To subscribe to AAIS Product Advisory, go to www.AAISinfo.com. To unsubscribe or change your e-mail subscription, contact Pat Peters at patp@AAISonline.com or 800/564-AAIS x289.

Contact Product Advisory at info@AAISonline.com.
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