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AAIS Product Advisory - February 28,
2003
"Product Advisory"
identifies all AAIS bulletins issued this week and includes other
information of interest to property/casualty insurers. Link here
for Product Advisory from previous weeks: http://www.AAISonline.com/General/advisory/pa-list.htm
TERRORISM SEMINAR WILL ADDRESS ASPECTS OF LATEST REGS
AAIS will present a Web-based seminar March 5, 2003 to provide an
update on compliance with the federal terrorism reinsurance
program. Among other things, Deborah Summerlin, vice president of
insurance lines, will describe new Treasury regulations regarding
which policies, and which parts of polices, are subject to the
program. For information and to sign up, go to http://www.aaisonline.com/communications/webinar.htm
STATE-SPECIFIC TERRORISM INFORMATION POSTED
Information regarding the AAIS certified filings has been posted
for all 52 jurisdictions. As of Feb. 28, non-certified filings
have been submitted in 48 jurisdictions and approved in 13.
State-specific filing information related to compliance with the
federal terrorism reinsurance program is posted at:
http://www.AAISonline.com/terror/StateAction.htm
UPDATES ON AAIS COUNTRYWIDE FILINGS:
www.AAISonline.com/Ins_lines/status/ilsrl.htm
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BULLETINS BY CATEGORY
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TERRORISM UPDATES - Bulletins listed by State
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ARKANSAS
Commercial Lines
Bulletin 03-0091
Special Editions of Certified Terrorism Endorsements Available
Edition 05 03 certified terrorism
endorsements distributed.
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VIRGINIA
Commercial Umbrella, Farm Umbrella
Bulletin 03-0109|
Special Editions of Certified Terrorism Umbrella Endorsements
Available
Edition 03 03 certified
terrorism umbrella endorsements distributed.
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COMPLIANCE - Bulletins listed by State
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FLORIDA
Businessowners Program
Manual Revision 3.3 Including Building Features Loss Mitigation
Credits Filed
Bulletin 03-0113
Modified in response to Section
627.0629 of the Florida Statutes with proposed effective date of
Oct.1, 2003.
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FLORIDA
Commercial Properties
Manual Revision 3.3 Including Building Features Loss Mitigation
Credits Filed
Bulletin 03-0114
Modified in response to Section
627.0629 of the Florida Statutes with proposed effective date of
Oct. 1, 2003.
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PROGRAM UPDATES - Bulletins listed by Line of Insurance
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COMMERCIAL OUTPUT
(4 Bulletins)
Colorado Bulletin 03-0068 Revision
3.0 Approved
Delaware Bulletin 03-0098 Revision 3.0 Approved
Mississippi Bulletin 03-0099 Revision 3.0 Approved
Nebraska Bulletin 03-0096 Revision 3.0 Approved
Effective dates June 1, 2003. Refer
to Company Action for instructions on how to adopt these filings.
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FARMOWNERS
Florida
Bulletin 03-0072
Manual Revision 8.0 Approved
New Home and Age of Systems Rating
Plan Supplement Revision 3.0, and the withdrawal of the Windstorm
or Hail Deductibles Supplement Revision 1.0 also approved
effective June 1, 2003.
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FARMOWNERS, HOMEOWNERS,
MOBILE-HOMEOWNERS
(3 Bulletins)
Mississippi Bulletin 03-0077
Montana Bulletin 03-0073
Oklahoma Bulletin 03-0090
Identity Fraud Expense Coverage
Option Approved
Effective dates May 1, 2003.
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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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