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WISCONSIN
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. |
| Posting date: 12/27/02, 1/31/03 (addl. info),
3/19/03 (addl. info.) |
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: 12/26/02 |
| Filing Number(s): |
| (Endorsements) |
| Program |
AAIS Filing No. |
State Filing No. |
| All programs shown above except Commercial
Liability, and Personal & Premises Liability |
AAIS-2002-82F |
96009 |
| Commercial Liability and Personal &
Premises Liability Only |
AAIS-2002-82CLF |
95933 |
| (Rating Information) |
| All programs shown above except Commercial
Liability and Personal & Premises Liability |
AAIS-2002-82R |
None Assigned |
| Commercial Liability and Personal &
Premises Liability Only |
AAIS-2002-82CLR |
None Assigned |
| 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 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,
including a decision not to adopt the 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 NOT required to place them on file for informational purposes . |
| Separate Line Item Disclosure Endorsement (CL 0605
02 03) Filing Numbers: |
| Program |
AAIS Filing No. |
State Filing No. |
| All programs shown above except Farmowners, Commercial
Liability, and Personal & Premises Liability |
AAIS-2003-3 |
97274 |
| Farmowners |
AAIS-2003-3 |
97273 |
| Commercial Liability and Personal & Premises Liability
Only |
AAIS-2003-3CL |
97275 |
| 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: 12/26/02 |
| Filing Number(s): |
| Program |
AAIS Filing No. |
State Filing No. |
| Commercial Umbrella and Farm Umbrella |
AAIS-2002-84 |
95892 |
| 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. |
Separate Line Item Disclosure Endorsement (CL 0605
02 03)
Filing Numbers:
|
| Program |
AAIS Filing No. |
State Filing No. |
| Commercial Umbrella and Farm Umbrella |
AAIS-2003-4 |
97276 |
| 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.
| Posting date: 3/6/03, 3/19/03 (addl. info) |
| Filings Submitted for Proposed Effective Date of: 4/1/03 |
| 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: 4/1/03 |
| Filing Number(s): |
| (Endorsements) |
| Program |
AAIS Filing No. |
State Filing No. |
| All programs shown above except Farmowners, Commercial
Liability, and Personal & Premises Liability |
AAIS-2002-83F |
97546 |
| Farmowners |
AAIS-2002-83F |
97548 |
| Commercial Liability and Personal & Premises Liability
Only |
AAIS-2002-83CLF |
97543 |
| (Rules) |
| All programs shown above except Farmowners, Commercial
Liability, and Personal & Premises Liability |
AAIS-2002-83R |
97451 |
| Farmowners |
AAIS-2002-83R |
97451 |
| Commercial Liability and Personal & Premises Liability
Only |
AAIS-2002-83CLR |
97449 |
| Company action: Endorsements
Companies that have granted AAIS filing authority for forms and endorsements can
adopt the endorsements without notifying the insurance department. |
| Rules Companies that have granted AAIS filing authority
for rules can adopt the rules manual supplement without notifying the insurance department
if they intend to use it without change.
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: 4/1/03 |
| AAIS Filing Number(s): AAIS-2002-85 |
| State Filing Number(s): 97547 |
| Company action: 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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