BACK TO STATE LIST
MISSOURI
Status report on compliance with the
Terrorism Risk Insurance Act of 2002
and related state regulatory policies

Regarding "certified" commercial losses
For an act of terrorism to be certified by the U.S. Secretary of the Treasury (and thus trigger coverage under the federal Terrorism Reinsurance Program), it must cause more than $5 million in losses and be inspired, directed, and/or carried out on behalf of a foreign person or interest.

IN FORCE BUSINESS - Use the endorsements and rating information shown below only when the insured accepts the offer of coverage for certified terrorism loss.
NEW AND RENEWAL BUSINESS 
Posting date: 1/2/03, 5/27/03 (COP-XL info added)

AAIS commercial lines programs filed on behalf of companies

AAIS endorsement used when coverage is provided under the federal Terrorism Insurance Program

Rating factor to accompany coverage endorsement

AAIS endorsement used when insured declines terrorism coverage
(New and Renewal Policies Only)

Fire following rating factor for SFP states 
Agricultural Output

CL 0600 12 02

.0150

CL 0620 12 02

.0053
Artisans

AP 0700 12 02

.0150

AP 0720 12 02

N/A
Businessowners

BP 0750 12 02

.0150

BP 0770 12 02

.0038
Commercial Inland Marine (filed classes)

CL 0600 12 02

.0150

CL 0620 12 02

.0053
Commercial Liability

GL 0250 12 02

.0150

GL 0260 12 02

N/A
Commercial Output

CL 0600 12 02

.0150

CL 0620 12 02

.0053
Commercial Output XL

CL 0600 12 02

.0150

CL 0620 12 02

.0053
Commercial Properties

CL 0600 12 02

.0150

CL 0620 12 02

.0053
Contractors & Developers Output

CL 0600 12 02

.0150

CL 0620 12 02

.0053
Crime

CL 0600 12 02

.0150

CL 0610 12 02

N/A
Glass

CL 0600 12 02

.0150

CL 0610 12 02

N/A
AAIS Effective Date: 1/2/03

Filing Number(s):

Program

AAIS Filing No.

Agricultural Output

AAIS-2002-82AG

Artisans

AAIS-2002-82AP

Businessowners

AAIS-2002-82BP

Commercial Inland Marine (Filed Classes)

AAIS-2002-82CIM

Commercial Liability

AAIS-2002-82CL

Commercial Output

AAIS-2002-82COP

Commercial Output - XL

AAIS-2002-82COPXL

Commercial Properties

AAIS-2002-82CP

Crime

AAIS-2002-82CR

Contractors & Developers Output

AAIS-2002-82DOP

Glass

AAIS-2002-82GS
 

Company action:

Endorsements

Companies that have granted AAIS filing authority for forms and endorsements can adopt the endorsements without notifying the insurance department.

Rating Information

Companies that have granted AAIS filing authority for rating information can adopt this rating information without notifying the insurance department if they intend to use it without change.

However, companies that choose to depart from the AAIS filed rating information must notify the insurance department in writing as soon as possible.

Expedited Filing Transmittal

An Expedited Filing Transmittal Document For Terrorism Risk Insurance Forms and Pricing must be included in order to receive expedited handling of any filing required under these instructions.

Comments:

Disclosure Notices

Affiliated companies can use the AAIS policyholder notices as filed, with slight modifications for individual policies, or develop independent notices that contain the information required by the Terrorism Risk Insurance Act. Companies that develop their own notices are required to place them on file for informational purposes.

Separate Line Item Disclosure Endorsement (CL 0605 02 03)

Filing Numbers

Program

AAIS Filing No.

Agricultural Output

AAIS-2003-3AG

Artisans

AAIS-2003-3AP

Businessowners

AAIS-2003-3BP

Commercial Inland Marine (Filed Classes)

AAIS-2003-3CIM

Commercial Liability

AAIS-2003-3CL

Commercial Output

AAIS-2003-3COP

Commercial Output - XL

AAIS-2003-3COPXL

Commercial Properties

AAIS-2003-3CP

Crime

AAIS-2003-3CR

Contractors & Developers Output

AAIS-2003-3DOP

Glass

AAIS-2003-3GS
 

Effective Date:                            2/11/03

Company Action:

Affiliated companies can adopt the endorsement as filed without taking any filing action.

AAIS commercial lines advisory filings

AAIS endorsement used when coverage is provided under the federal Terrorism Insurance Program

Rating factor to accompany coverage endorsement

AAIS endorsement used when insured declines terrorism coverage

Fire following rating factor for SFP states 
Commercial Umbrella

UM 0755 12 02 

Refer to company

UM 0765 12 02

 N/A
AAIS Advisory Effective Date: 1/2/03
AAIS Filing Number(s): AAIS-2002-84CUP and AAIS-2002-84FUP
Company action:

Endorsements
Each company that wishes to adopt these endorsements must do so by establishing an effective date and notifying the Insurance Department in writing.

Rating Information
Companies must also submit related rating information independently.

Expedited Filing Transmittal
An Expedited Filing Transmittal Document For Terrorism Risk Insurance Forms and Pricing must be included in order to receive expedited handling of any filing required under these instructions.
Comments:

Disclosure Notices
Affiliated companies can use the AAIS policyholder notices as filed with slight modifications for individual policies or develop independent notices that contain the information required by the Terrorism Risk Insurance Act. Companies that develop their own notices are required to place them on file for informational purposes.

Separate Line Item Disclosure Endorsement (CL 0605 02 03)
Program

AAIS Filing No.
Commercial Umbrella

AAIS-2003-4CUP

Effective Date:                                    2/11/03

Company Action:

Affiliated companies can adopt the endorsement by establishing an effective date and notifying the insurance department in writing. Refer to the applicable Filing Number(s) when corresponding with the Department.


Regarding "non-certified" commercial losses
Non-certified terrorism losses are all commercial losses from acts of terrorism that are not certified as such by the Secretary of the Treasury, and thus not covered by the federal reinsurance program. These include, but are not necessarily limited to, acts inspired, directed, and/or carried out by domestic U.S. groups or individuals.

NEW AND RENEWAL BUSINESS 

Posting date:                      4/16/03, 5/27/03 (COP-XL info added)

 
AAIS commercial lines programs filed  on behalf of companies

AAIS endorsement used to exclude coverage for non-certified terrorism losses

AAIS endorsement used to exclude coverage for nuclear, biological, or chemical terrorism losses

 

Agricultural Output

CL 0640 12 02

CL 0660 12 02

 

Artisans

 AP 0740 12 02

AP 0760 12 02

 

Businessowners

BP 0790 12 02

BP 0810 12 02

 

Commercial Inland Marine (filed classes)

CL 0640 12 02

CL 0660 12 02

 

Commercial Liability

 GL 0270 12 02

GL 0280 12 02

 

Commercial Output

CL 0640 12 02

CL 0660 12 02

 

Commercial Output - XL

CL 0640 12 02

CL 0660 12 02

  

Commercial Properties

CL 0640 12 02

CL 0660 12 02

 

Contractors & Developers Output

CL 0640 12 02

CL 0660 12 02

 

Crime 

 CL 0630 12 02

CL 0650 12 02

 

Farm Properties

 FL 0640 12 02

FL 0660 12 02

 

Farmowners

 FO 0640 12 02

FO 0660 12 02

 

Glass

 CL 0630 12 02

CL 0650 12 02

 

Personal & Premises Liability (Farm Only)

 GL 0330 12 02

GL 0340 12 02 

 

AAIS Effective Date:             6/1/03

 

Filing Number(s):

 

Program

AAIS Filing No.

Agricultural Output

AAIS-2002-83AG

Artisans

AAIS-2002-83AP

Businessowners

AAIS-2002-83BP

Commercial Inland Marine (Filed Classes)

AAIS-2002-83CIM

Commercial Liability

AAIS-2002-83CL

Commercial Output

AAIS-2002-83COP

Commercial Output - XL

AAIS-2002-83COPXL

Commercial Properties

AAIS-2002-83CP

Crime

AAIS-2002-83CR

Contractors & Developers Output

AAIS-2002-83DOP

Farm Properties

AAIS-2002-83FP

Farmowners

AAIS-2002-83FO

Glass

AAIS-2002-83GS

Personal & Premises Liability

AAIS-2002-83PPL

Company action:

Endorsements

Companies that have granted AAIS filing authority for forms and endorsements can adopt the endorsements without notifying the insurance department. Companies that choose not to adopt a filing must notify the insurance department as soon as possible.

Rating Information

Companies that have granted AAIS filing authority for rules can adopt the manual supplement without notifying the insurance department if they intend to use it without change.

However, companies that choose to depart from the AAIS filed rules must notify the insurance department in writing as soon as possible.

Comments:

Manual rules that address the use of the various terrorism endorsements were filed in conjunction with the endorsements that exclude loss caused by non-certified acts of terrorism. The rules filed in this state indicate that the Commercial Inland Marine program (Filed Classes) is subject to the Standard Fire Policy statutes that apply to policies providing property coverage for loss caused by fire. Accordingly, the sample SFP Terrorism Loss Rules Supplement shown with Bulletin 02-0550 at this web site is not entirely consistent with the Supplement filed in this state.
         
AAIS commercial lines advisory filings

AAIS endorsement number for excluding coverage for non-certified terrorism losses

AAIS endorsement used to exclude coverage for nuclear, biological, or chemical terrorism losses

Commercial Umbrella

 UM 0775 12 02

UM 0785 12 02

Farm Umbrella

 UM 0350 12 02

UM 0360 12 02

AAIS Advisory Effective Date:                  6/1/03

Program

Filing Number(s):
Commercial Umbrella

AAIS-2002-85CUP 
Farm Umbrella

AAIS-2002-85FUP

 

Company action:

Endorsements

Each company that wishes to adopt these endorsements must do so by establishing an effective date and notifying the Insurance Department in writing.

         

 BACK TO STATE LIST

 

Top