AAIS

AAIS Product Advisory - August 29, 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

RHODE ISLAND AMENDS BASIC PROPERTY INSURANCE DEFINITION
SB 281, effective Jan. 1, 2004, adds liability coverage for 1 to 4 family dwellings to this definition making these policies subject to specific cancellation requirements. AAIS will be taking action to address this change in the near future.
For the text of the bill see: http://www.rilin.state.ri.us/Billtext/BillText03/SenateText03/S0281A.pdf

HIGHLIGHTS OF TORT LIABILITY PRESENTATION
Problems with the tort liability system as well as efforts to reform the system were discussed by AAIS education director Robert Prahl at the recent conference of the Illinois Association of Mutual Insurance Companies (IAMIC). In addition, potential new liability issues and loss statistics concerning household hazards of concern to insurers were also noted.
To see highlights of this presentation, go to: http://www.aaisonline.com/communications/IAMICconf082603.html

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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COMPLIANCE - Bulletins listed by State
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NORTH DAKOTA
Personal Lines
Bulletin 03-0301
New and Revised State Amendatory Endorsements Approved

Effective date Nov. 1, 2003.
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PROGRAM UPDATES - Bulletins listed by Line of Insurance
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ARTISANS, BUSINESSOWNERS, COMMERCIAL PROPERTIES
Texas
Bulletin 03-0300
Windstorm or Hail Exclusion Endorsements and Manual Pages Filed

The filing will allow insurers to exclude coverage for windstorm or hail losses on property that is located in the Catastrophe Areas designated by the Texas Insurance Department, provided that windstorm or hail coverage is written through the Texas Windstorm Insurance Association.
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COMMERCIAL OUTPUT
Countrywide
Bulletin 03-0315
Optional Mold Limitation Endorsements/Rules Filed

Proposed effective date Jan. 1, 2004. The new optional endorsements and revised rule pages have been filed on a countrywide basis, subject to certain exceptions.
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COMMERCIAL OUTPUT
Michigan
Bulletin 03-0314
Revision 3.0 Approved

Effective date Dec. 1, 2003.
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FARMOWNERS
Countrywide
Bulletin 03-0305
New Home and Age of Systems Rating Plan

Revision 3.0 (CW) has been approved for use, on an advisory basis, in the state of Connecticut.
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HOMEOWNERS
Countrywide
Bulletin 03-0304
New Home and Age of Systems Rating Plan

Revision 3.0 has been approved for use, on an advisory basis, in the state of Connecticut.
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HOMEOWNERS
Kansas
Bulletin 03-0298
Manual Revision 14.0 Filed and Approved

Effective date Feb. 1, 2004.
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HOMEOWNERS
Kentucky
Bulletin 03-0296
Manual Revision 11.0 Filed