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

----------------------------------------------------------
BULLETINS BY CATEGORY
----------------------------------------------------------
-------------------------------------------------------------------------------------
TERRORISM UPDATES - Bulletins listed by State
-------------------------------------------------------------------------------------

ARKANSAS
Commercial Lines
Bulletin 03-0091
Special Editions of Certified Terrorism Endorsements Available

Edition 05 03 certified terrorism endorsements distributed.
---------------------------------------------------------------------------------------------------------

VIRGINIA
Commercial Umbrella, Farm Umbrella
Bulletin 03-0109|
Special Editions of Certified Terrorism Umbrella Endorsements Available

Edition 03 03 certified terrorism umbrella endorsements distributed.
---------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------
COMPLIANCE - Bulletins listed by State
----------------------------------------------------------------------

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.
---------------------------------------------------------------------------------------------------------

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.
---------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------
PROGRAM UPDATES - Bulletins listed by Line of Insurance
--------------------------------------------------------------------------------------------------

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.
---------------------------------------------------------------------------------------------------------

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.
---------------------------------------------------------------------------------------------------------

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.
---------------------------------------------------------------------------------------------------------

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.
---------------------------------------------------------------------------------------------------------

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.
-------------------------------------------------------------------------------------------

 

 


Top

 

Product Advisory
Contacts

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.