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AAIS Product Advisory - March 7, 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
RECORDING AVAILABLE OF LATEST TERRORISM SEMINAR
Companies can access a recording of AAIS's March 5 Web seminar on
terrorism by contacting Debra Petges at debp@AAISonline.com.
The seminar features AAIS staff members Debi Summerlin and Kim
Ward providing updates on AAIS filing action and rating
information. Summerlin also provides some commentary on the U.S.
Treasury's Feb. 25 regulations for the new federal terrorism
reinsurance program.
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 20.
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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COUNTRYWIDE
Commercial Lines
Bulletin 03-0117
Non-Certified Terrorism Exclusions Filed
Optional endorsements that restate
the War exclusion and that exclude loss caused by non-certified
acts of terrorism have been filed in all jurisdictions except
Florida, Georgia, New York, and Texas.
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OKLAHOMA
Commercial Lines
Bulletin 03-0116
Special Editions of Certified Terrorism Endorsements Available
Edition 05 03 certified terrorism
endorsements distributed.
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COMPLIANCE - Bulletins listed by State
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FLORIDA
Homeowners
Manual Revision 16.1 Approved
Bulletin 03-0110
Modified in response to Section
627.0629 of the Florida Statutes. Alternate Supplement Revisions
3.0 and 3.1 also approved. Effective date Oct. 1, 2003.
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PROGRAM UPDATES - Bulletins listed by Line of Insurance
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COMMERCIAL OUTPUT
(5 Bulletins)
District of Columbia Bulletin
03-0100 Revision 3.0 Approved
Georgia Bulletin 03-0104 Revision 3.0 Approved
Idaho Bulletin 03-0101 Revision 3.0 Approved
Oklahoma Bulletin 03-0105 Revision 3.0 Approved
Rhode Island Bulletin 03-0103 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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DWELLING PROPERTIES
Minnesota
Bulletin 03-0107
Revision 4.0 Approved
Effective date June 1, 2003.
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FARM PROPERTIES
Minnesota
Bulletin 03-0108
Revision 4.0 Approved
Effective date June 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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