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AAIS Product
Advisory - May 2, 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/palist.htm
THE BUSINESS EXCLUSION -- A SOURCE OF CONTROVERSY
An article that examines the business exclusion in the AAIS
homeowners and farmowners policies is available on AAISdirect for
those affiliates that are subscribers. Log on to AAISdirect and
click on the Manuals tab. Select either farmowners or homeowners
for the Type/Line. Then select Education/Reference for State.
Click on search. Select 0 for Edition, then click on search.
Select the Business Pursuits Exclusion section under Reference
Materials. Companies that do not subscribe to AAISdirect can
contact Bob Prahl at bobp@AAISonline.com
for an electronic copy of the article.
AAIS/ALLIANCE UNDERWRITING CONFERENCE
The 2003 AAIS/Alliance of American Insurers Underwriting
Conference will be held Sept. 14 - 16 at the Loews Portofino
Hotel, Orlando. The theme of the conference is "Homeland
Security -- Protecting Our Future." AAIS staff members Debi
Summerlin and Sue Luecke will be conducting seminars at the
conference. Mark your calendar now. Additional information to
follow.
STATE-SPECIFIC TERRORISM INFORMATION POSTED
Information regarding the AAIS certified filings has been posted
for all 52 jurisdictions. Non-certified filings have been
submitted in 48 jurisdictions and approved in 42. State-specific
filing information related to compliance with the federal
terrorism reinsurance program is posted at: http://www.AAISonline.com/terror/StateAction.htm
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BULLETINS BY CATEGORY
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TERRORISM UPDATES - Bulletins listed by State
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MINNESOTA
Commercial Lines
Bulletin 03-0162
Terrorism Exclusion Endorsements Revised
Proposed
effective date July 1, 2003.
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COMPLIANCE - Bulletins listed by State
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NEW JERSEY
Personal Umbrella
Revised State Amendatory Endorsement Filed
Bulletin 03-0168
The cancellation and nonrenewal conditions have been amended to
address the senior third party designee notification requirements.
Additional changes address valid reasons for cancellation.
Proposed advisory effective date Aug. 1, 2003.
To review the
senior citizen designated third party statute, go to:
http://external.uniforminc.com/forms/getCite1.plx?doc=41659citetext.htm&src=LC
For cancellation reasons, go to:
http://external.uniforminc.com/forms/getCite1.plx?doc=21918citetext.htm&src=LC
To view, highlight the entire link or copy to your browser.
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NORTH DAKOTA
Agricultural Output, Artisans, Boatowners,
Businessowners, Commercial Inland Marine, Commercial
Output, Commercial Output XL, Commercial Properties, Contractors
and Developers Output, Crime, Dwelling Properties, Farmowners,
Farm Properties, Glass, Homeowners, Home-Based Business, Inland
Marine Guide, Mobile-Homeowners, Personal Inland Marine
Efficient Proximate Cause Legislation
Bulletin 03-0170
SB 2224, effective Aug. 1, 2003, amends Section 26.1-32-01 and
26.1-32-03 to clarify the scope of the efficient proximate cause
doctrine. To link to the state bill go to: http://www.state.nd.us/lr/assembly/58-2003/bill_text/DRCN0200.pdf
To view,
highlight the entire link or copy to your browser.
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PROGRAM UPDATES - Bulletins listed by Line of Insurance
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COMMERCIAL OUTPUT
Louisiana
Revision 3.0 Filed
Bulletin 03-0159
Proposed effective date July 1, 2003.
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FARMOWNERS
Vermont
Identify Fraud Expense Coverage Option Approved
Bulletin 03-0164
Effective date Aug. 1, 2003.
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FARM PROPERTIES
Georgia
Manual Revision 4.0 Approved
Bulletin 03-0167
Effective date Aug. 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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