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LOUISIANA Copies of special 05 03 editions of the certified terrorism endorsements that have been submitted for use in Louisiana are attached to this Bulletin. The 12 02 editions of the certified terrorism endorsements that were previously submitted in Louisiana have been withdrawn. In all of the 05 03 endorsements that cover or exclude certified terrorism loss, the definition of "certified act of terrorism" has been revised. The revised definition includes the provisions that prohibit the Secretary of the Treasury from certifying an act of terrorism. Specifically, no act will be certified by the Secretary as an act of terrorism if the act is committed as part of the course of a war declared by the Congress (except with respect to any coverage for workers' compensation) or if property and casualty insurance losses resulting from the act do not exceed $5,000,000 in the aggregate. While the added terms do not affect the scope of coverage provided or excluded under the AAIS endorsements previously made available, AAIS affiliates are advised to keep these limitations in mind in determining when coverage is or is not provided with respect to loss caused by an act of terrorism. ENDORSEMENTS A table which identifies the Certified Terrorism coverage and exclusion endorsements that apply to each Commercial Lines program filed in Louisiana is shown below:
FILING NUMBERS The AAIS filing numbers applicable to the new 05 03 endorsement editions are listed below. Refer to these filing numbers in all correspondence directed to the Insurance Department. The State File Numbers assigned by the Insurance Department have not yet been released, but will be posted to the AAIS open web site as soon as they become available.
INTERIM COMPANY ACTION Any policies issued on or before February 14, 2003 that contained any of the multistate 12 02 certified terrorism endorsements should be amended, effective February 14, 2003, to reflect the new 05 03 endorsement editions. Any policies issued after February 14, 2003 that contained any of the 12 02 certified terrorism endorsement editions should be amended, as of the effective date of the policy, to reflect the new 05 03 endorsement editions. WEB SITE POSTINGS The state filing numbers and updated company action needed to adopt the endorsements (once the Department has completed its review of our filings) will be posted to the AAIS open Web site at http://www.aaisonline.com/terror/LA.htm. SUPPLIES The forms and endorsements filed for use in this state have been released to Uniform Information Services, Inc. (UIS), the print vendor for AAIS forms and endorsements. Call UIS at (800) 382-2424 to order forms and endorsements in paper printed format. Call UIS at 800-782-9481 to order the text of AAIS forms in a variety of electronic formats. AAIS also offers the text of forms and endorsements in limited electronic formats. Call Veronica Clarke at 800/564-AAIS for more information. ATTACHMENTS
Direct Questions to: Edie Gardner, CPCU Copyright, American Association of Insurance Services, Inc., 2003
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Attachments CL 0600 05 03 Certified Terrorism Loss
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