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UTAH
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: 1/8/03, 5/23/03 (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

.0100

CL 0610 12 02

N/A
Artisans

AP 0700 12 02

.0075

AP 0710 12 02

N/A
Businessowners

BP 0750 12 02

.0100

BP 0760 12 02

N/A
Commercial Inland Marine (filed classes)

CL 0600 12 02

.0100

CL 0610 12 02

N/A
Commercial Liability

GL 0250 12 02

.0075

GL 0260 12 02

N/A
Commercial Output

CL 0600 12 02

.0100

CL 0610 12 02

N/A
Commercial Output XL

CL 0600 12 02

.0100

CL 0610 12 02

N/A
Commercial Properties

CL 0600 12 02

.0100

CL 0610 12 02

N/A
Contractors & Developers Output

CL 0600 12 02

.0100

CL 0610 12 02

N/A
Crime

CL 0600 12 02

.0100

CL 0610 12 02

N/A
Farm Properties

FL 0600 12 02

.0100

FL 0610 12 02

N/A
Farmowners

FO 0600 12 02

.0100

FO 0610 12 02

N/A
Glass

CL 0600 12 02

.0100

CL 0610 12 02

N/A
Personal & Premises Liability (Farm Only)

GL 0310 12 02

.0075

GL 0320 12 02

N/A
AAIS Effective Date: 1/8/03
Filing Number(s): 

Program                                                                                                       AAIS Filing No.

Agricultural Output                                                                                    AAIS-2002-82AG

Artisans                                                                                                        AAIS-2002-82AP

Businessowners                                                                                          AAIS-2002-82BP

Commercial Inland Marine                                                                        AAIS-2002-82CIM

Commercial Liability                                                                                    AAIS-2002-82CL

Commercial Output                                                                                    AAIS-2002-82COP

Commercial Output - XL                                                                         AAIS-2002-82COP-XL

Commercial Properties                                                                               AAIS-2002-82CP

Contractors and Developers Output                                                      AAIS-2002-82DOP

Crime                                                                                                             AAIS-2002-82CR

Farm Properties                                                                                             AAIS-2002-82FP

Farmowners                                                                                                   AAIS-2002-82FO

Glass                                                                                                          AAIS-2002-82GS

Personal & Premises Liability                                                                    AAIS-2002-82PPL
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)

AAIS Effective Date:      2/11/03

Filing Number(s): 

Program                                                                                                       AAIS Filing No.

Agricultural Output                                                                                    AAIS-2003-3AG

Artisans                                                                                                        AAIS-2003-3AP

Businessowners                                                                                          AAIS-2003-3BP

Commercial Inland Marine                                                                        AAIS-2003-3CIM

Commercial Liability                                                                                    AAIS-2003-3CL

Commercial Output                                                                                    AAIS-2003-3COP

Commercial Output - XL                                                                         AAIS-2003-3COP-XL

Commercial Properties                                                                               AAIS-2003-3CP

Contractors and Developers Output                                                      AAIS-2003-3DOP

Crime                                                                                                             AAIS-2003-3CR

Farm Properties                                                                                             AAIS-2003-3FP

Farmowners                                                                                                   AAIS-2003-3FO

Glass                                                                                                          AAIS-2003-3GS

Personal & Premises Liability                                                                    AAIS-2003-3PPL

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: 1/8/03
AAIS Filing Number(s): 

Program                                                                                                              AAIS Filing No.

Commercial Umbrella                                                                                       AAIS-2002-84CUP
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
Umbrella rates and rules are exempt from filing requirements in this state. No company action is required with the insurance department, but companies should keep documentation as to the effective date and rating information that they use.

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 that wish to adopt the AAIS policyholder notices as filed, with slight modifications for individual policies, must do so by notifying the Insurance Department in writing.  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 Number(s): 

Program                                                                        AAIS Filing No.

Commercial Umbrella                                                   AAIS-2003-4CUP

AAIS 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: 4/3/03, 5/23/03 (COP-XL info and filing numbers 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 0630 12 02

CL 0650 12 02
Artisans

 AP 0730 12 02

AP 0750 12 02
Businessowners

 BP 0780 12 02

BP 0800 12 02
Commercial Inland Marine (filed classes)

 CL 0630 12 02

CL 0650 12 02
Commercial Liability

 GL 0270 12 02

GL 0280 12 02
Commercial Output

 CL 0630 12 02

CL 0650 12 02
Commercial Output - XL CL 0630 12 02 CL 0650 21 02
Commercial Properties

 CL 0630 12 02

CL 0650 12 02
Contractors & Developers Output

 CL 0630 12 02

CL 0650 12 02
Crime 

 CL 0630 12 02

CL 0650 12 02
Farm Properties

 FL 0630 12 02

FL 0650 12 02
Farmowners

 FO 0630 12 02

FO 0650 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-2002-83COP-XL
Commercial Properties AAIS-2002-83CP
Contractors & Developers Output AAIS-2002-83DOP
Crime AAIS-2002-83CR
Farm Properties AAIS-2002-83FP
Farmowners AAIS-2002-83FO
Glass AAIS-2002-83GS
Personal & Premises Liability (Farm Only) 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.
Rules Supplement
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 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. (See the Sample NSFP Terrorism Rules Supplement attachment to Bulletin 02-0550 at this Web site.)

 

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
Filing Number(s):
Program

AAIS Filing No.
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.

 

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