Item Key: =
253088
Tokio Marine=20
& Nichido Fire Insurance Co., Ltd.
TNUS INSURANCE COMPANY
26 - =
Burglary And Theft
Revised Rule only
Burglary & Theft
Revised Rules =
Only
Overall=20
% Impact:
N/A
Overall=20
$ Impact:
N/A
#=20
of Policyholders:
0
Company=20
Reference: 09-LA-2-CR-5-9
Requested Effective Dates - New: 04/01/2010 =
Renewal: 04/01/2010
With this filing, the companies are proposing to introduce=20
rules revising their Commercial Crime and Fidelity program. =
The=20
companies utilize the Commercial Crime And Fidelity manual of the =
Insurance=20
Services Office, Inc. (ISO). This manual contains many rules, =
rating=20
procedures and rating factors. However, there are situations that =
are=20
unaddressed in the manual or items that read, "refer to company". =
This=20
filing will introduce rules to unaddressed situations and respond to =
"refer to=20
company" items.
Listed below is an explanation of each rule that the =
companies are=20
introducing. The section entitled =E2=80=9CADDITIONAL RULES=E2=80=9D =
contains those rules that=20
are unaddressed by their Commercial Crime And Fidelity manual. The =
subsequent=20
sections, which are numbered and titled by the type of coverage, contain =
the=20
=E2=80=9Crefer to company=E2=80=9D items. Background information is =
provided for each=20
explanation.
SECTION I - GENERAL RULE 2. COMPANY RATES/ISO LOSS COSTS=20
Background / The method to convert =
ISO=20
prospective loss costs to rates and/or premiums mentioned in Rule =
2.C. is=20
a =E2=80=9Crefer to company=E2=80=9D item.
In response, the companies are introducing such a method of =
conversion.
SECTION I =E2=80=93 GENERAL RULE 9. POLICY WRITING MINIMUM =
PREMIUM=20
The policywriting minimum premiums (prepaid and payment =
plans), which=20
apply to monoline Crime And Fidelity policies or the Crime And Fidelity =
coverage=20
part of package policies, mentioned in Rules 9. are =E2=80=9Crefer to =
company=E2=80=9D items.=20
In response, we are reaffirming our policywriting minimum =
premiums.=20
SECTION I =E2=80=93 GENERAL RULES 11. PREMIUM CHANGES =
Background / The additional premium =
amount,=20
which can be waived, mentioned in Rule 11. B. are =E2=80=9Crefer =
to company=E2=80=9D=20
items.
In response, the companies are introducing an additional =
premium=20
wavier of $0 as well as a return premium waiver of $0.
SECTION I =E2=80=93 GENERAL RULES 11. RETURN PREMIUM =
CHANGES
Background / The return premium =
amount, which=20
can be waived, mentioned in Rule 11.C. are =E2=80=9Crefer to =
company=E2=80=9D items.=20
In response, the companies are introducing a return premium =
wavier of=20
$0 as well as a return premium waiver of $0.
SECTION II =E2=80=93 COMMERCIAL CRIME COVERAGE FORM AND =
POLICY/ Rule 29.=20
INSIDE THE PREMISES-THEFT OF MONEY AND SECURITIES INSURING AGREEMENT=20
Background / The annual minimum =
premium per=20
premises, which applies to this coverage, mentioned in Rule 29. =
is a=20
=E2=80=9Crefer to company=E2=80=9D item.
In response, the companies are introducing a minimum annual =
premium=20
of $50.00
SECTION II =E2=80=93 COMMERCIAL CRIME COVERAGE FORM AND =
POLICY / RULE 30.=20
INSIDE THE PREMISES =E2=80=93 ROBBERY OR SAFE BURGLARY OF OTHER PROPERTY =
Background / The annual minimum =
premium per=20
premises mentioned in Rule 30., which apply to this coverage, are =
=E2=80=9Crefer=20
to company=E2=80=9D items.
In response, the companies are introducing an annual =
minimum premium=20
per premises of $10.00.
SECTION II - COMMERCIAL CRIME COVERAGE FORM AND COMMERCIAL =
CRIME=20
POLICY/ RULE 31. =E2=80=93 OUTSIDE THE PREMISES INSURING AGREEMENT =
Background / The annual minimum =
premium per=20
premises, which apply to this coverage, mentioned in Rule 31. are =
=E2=80=9Crefer=20
to company=E2=80=9D items.
In response, the companies are introducing an annual =
minimum premium=20
per premises of $20.00.
SECTION II - COMMERCIAL CRIME COVERAGE FORM AND COMMERCIAL =
CRIME=20
POLICY/ RULE 39. =E2=80=93 INSIDE THE PREMISES - THEFT OF OTHER PROPERTY =
INSURING=20
AGREEMENT
Background / The annual minimum =
premium per=20
premises, which applies to this coverage, mentioned into Rule 39. =
is a=20
=E2=80=9Crefer to company=E2=80=9D item.
In response, the companies are introducing an annual =
minimum premium=20
per premises of $10.00.
SECTION II - COMMERCIAL CRIME COVERAGE FORM AND COMMERCIAL =
CRIME=20
POLICY / RULE 40 - INSIDE THE PREMISES =E2=80=93 ROBBERY OF A =
WATCHPERSON OR BURGLARY OF=20
OTHER PROPERTY INSURING AGREEMENT
Background / The annual minimum =
premium per=20
premises, which applies to this coverage, mentioned in Rule 40. =
is a=20
=E2=80=9Crefer to company=E2=80=9D item.
In response, the companies are introducing an annual =
minimum premium=20
per premises of $20.00
SECTION II - COMMERCIAL CRIME COVERAGE FORM AND COMMERCIAL =
CRIME=20
POLICY/ RULE 41. =E2=80=93 INSIDE THE PREMISES - ROBBERY OF A CUSTODIAN =
OR SAFE BURGLARY=20
OF MONEY AND SECURITIES INSURING AGREEMENT
Background / The annual minimum =
premium per=20
premises, which applies to this coverage, mentioned in Rule 41. =
is a=20
=E2=80=9Crefer to company=E2=80=9D item.
In response, the companies are introducing an annual =
minimum premium=20
per premises of $10.00
SECTION II - COMMERCIAL CRIME COVERAGE FORM AND COMMERCIAL =
CRIME=20
POLICY/ RULE 42. =E2=80=93 EMPLOYEE THEFT =E2=80=93 NAME OR POSITION =
SCHEDULE INSURING AGREEMENT=20
Background / The annual minimum =
premium per=20
employee, which applies to this coverage, mentioned in Rule 42. =
is a=20
=E2=80=9Crefer to company=E2=80=9D item.
In response, the companies are introducing an annual =
minimum premium=20
per employee of $5.00
SECTION II - COMMERCIAL CRIME COVERAGE FORM AND COMMERCIAL =
CRIME=20
POLICY/ RULE 45. =E2=80=93 INSIDE THE PREMISES - ROBBERY OF A =
WATCHPERSON OR BURGLARY OF=20
OTHER PROPERTY INSURING AGREEMENT
Background / The annual minimum =
premium per=20
premises, which applies to this coverage, mentioned in Rule 45. =
is a=20
=E2=80=9Crefer to company=E2=80=9D item.
In response, the companies are introducing an annual =
minimum premium=20
per premises of $100.00
SECTION II - COMMERCIAL CRIME COVERAGE FORM AND COMMERCIAL =
CRIME=20
POLICY/ RULE 45. =E2=80=93 INSIDE THE PREMISES - ROBBERY OF A =
WATCHPERSON OR BURGLARY OF=20
OTHER PROPERTY INSURING AGREEMENT
Background / The annual minimum =
premium per=20
premises, which applies to this coverage, mentioned in Rule 45. =
is a=20
=E2=80=9Crefer to company=E2=80=9D item.
In response, the companies are introducing an annual =
minimum premium=20
per premises of $100.00
SECTION III =E2=80=93 GOVERNMENT CRIME COVERAGE FORM AND =
GOVERNMENT CRIME=20
POLICY/ RULE 60. =E2=80=93 INSIDE THE PREMISES =E2=80=93 THEFT OF MONEY =
AND SECURITIES INSURING=20
AGREEMENT
Background / The annual minimum =
premium per=20
premises, which applies to this coverage, mentioned in Rule 60. =
is a=20
=E2=80=9Crefer to company=E2=80=9D item.
In response, the companies are introducing an annual =
minimum premium=20
per premises of $50.00
SECTION III =E2=80=93 GOVERNMENT CRIME COVERAGE FORM AND =
GOVERNMENT CRIME=20
POLICY/ RULE 61. =E2=80=93 INSIDE THE PREMISES =E2=80=93 ROBBERY OR SAFE =
BURGLARY INSURING=20
AGREEMENT
Background / The annual minimum =
premium per=20
premises, which applies to this coverage, mentioned in Rule 61. =
is a=20
=E2=80=9Crefer to company=E2=80=9D item.
In response, the companies are introducing an annual =
minimum premium=20
per premises of $10.00
SECTION III =E2=80=93 GOVERNMENT CRIME COVERAGE FORM AND =
GOVERNMENT CRIME=20
POLICY/ RULE 62. =E2=80=93 OUTSIDE THE PREMISES INSURING AGREEMENT =
Background / The annual minimum =
premium per=20
premises, which applies to this coverage, mentioned in Rule 62. =
is a=20
=E2=80=9Crefer to company=E2=80=9D item.
In response, the companies are introducing an annual =
minimum premium=20
per premises of $20.00
SECTION III =E2=80=93 GOVERNMENT CRIME COVERAGE FORM AND =
GOVERNMENT CRIME=20
POLICY/ RULE 69. =E2=80=93 INSIDE THE PREMISES =E2=80=93 THEFT OF OTHER =
PROPERTY INSURING=20
AGREEMENT
Background / The annual minimum =
premium per=20
premises, which applies to this coverage, mentioned in Rule 69. =
is a=20
=E2=80=9Crefer to company=E2=80=9D item.
In response, the companies are introducing an annual =
minimum premium=20
per premises of $25.00
SECTION III =E2=80=93 GOVERNMENT CRIME COVERAGE FORM AND =
GOVERNMENT CRIME=20
POLICY/ RULE 70. =E2=80=93 INSIDE THE PREMISES =E2=80=93 ROBBERY OF A =
WATCHPERSON OR BURGLARY OF=20
OTHER PROPERTY INSURING AGREEMENT
Background / The annual minimum =
premium per=20
premises, which applies to this coverage, mentioned in Rule 70. =
is a=20
=E2=80=9Crefer to company=E2=80=9D item.
In response, the companies are introducing an annual =
minimum premium=20
per premises of $20.00
SECTION III =E2=80=93 GOVERNMENT CRIME COVERAGE FORM AND =
GOVERNMENT CRIME=20
POLICY/ RULE 71. =E2=80=93 INSIDE THE PREMISES =E2=80=93 ROBBERY OF A =
CUSTODIAN OR SAFE BURGLARY=20
OF MONEY AND SECURITIES INSURING AGREEMENT
Background / The annual minimum =
premium per=20
premises, which applies to this coverage, mentioned in Rule 71. =
is a=20
=E2=80=9Crefer to company=E2=80=9D item.
In response, the companies are introducing an annual =
minimum premium=20
per premises of $10.00
SECTION III =E2=80=93 GOVERNMENT CRIME COVERAGE FORM AND =
GOVERNMENT CRIME=20
POLICY/ RULE 73. =E2=80=93 EMPLOYEE THEFT =E2=80=93 NAME OR POSITION =
SCHEDULE INSURING AGREEMENT=20
Background / The annual minimum =
premium per=20
premises, which applies to this coverage, mentioned in Rule 73. =
is a=20
=E2=80=9Crefer to company=E2=80=9D item.
In response, the companies are introducing an annual =
minimum premium=20
per Employee of $5.00
SECTION IV =E2=80=93 EMPLOYEE THEFT AND FORGERY POLICY/ =
RULE 87. =E2=80=93 EMPLOYEE=20
THEFT =E2=80=93 NAME OR POSITION SCHEDULE INSURING AGREEMENT =
Background / The annual minimum =
premium per=20
premises, which applies to this coverage, mentioned in Rule 87. =
is a=20
=E2=80=9Crefer to company=E2=80=9D item.
In response, the comapnies are introducing an annual =
minimum premium=20
per Employee of $5.00
Final Action: =
Approved
Item Key: =
253150
ZURICH=20
AMERICAN INSURANCE COMPANY OF ILLINOIS
17 - Other =
Liability
Revised Rule=20
only
Commercial Umbrella=20
& Excess
Revised Rules Only/Following Form Excess Liability =
Policy,=20
U-EXS-100
Overall=20
% Impact:
N/A
Overall=20
$ Impact:
N/A
#=20
of Policyholders:
0
Company=20
Reference: CW CU 29349 E
Requested Effective Dates - New: 12/20/2009=20
Renewal: 12/20/2009
With this filing, =
the=20
company is proposing new rules which correspond to the forms filed for =
its=20
Following Form Excess Liability Policy, U-EXS-100 (its Excess=20
Policy).
The rules are as follows:
Communicable =
Disease=20
Exclusion - U-EXS-115 CW
This endorsement is used to exclude =
liability, damage, loss, cost or expense arising out of communicable=20
disease. There is no rate impact associated with this exclusion =
since:=20
1) the underlying insurance already excluded communicable disease =
premium;=20
or 2) the premium does not contemplate communicable disease exposure and =
this=20
exclusion therefore allows the company to provide excess coverage over =
an=20
otherwise uninsurable exposure. This is an optional endorsement, =
selected=20
at the option of hte underwriter.
Earth Movement or =
Subsidence=20
Exclusion - U-EXS-131 CW
This endorsement is used to exclude =
liability, damage, loss, cost or expense arising out of the movement of =
the=20
earth or subsidence whether due to natural or man made =
occurrences. =20
There is no rate impact associated with this exclusion since: 1) the =
underlying=20
insurance already excludes the movement of the earth or subsidence =
premium; or=20
2) the premium does not contemplate the movement of the earth or =
subsidence=20
exposure and this exclusion therefore allows the company to provide =
excess=20
coverage over an otherwise uninsurable exposure. This is an =
optional=20
endorsement, selected at the option of the =
underwriter.
Exclusion=20
- Violation of Statutes that Govern E-mails, Fax, Phone Calls, Credit=20
Transactions Or Other Methods of Sending, Collecting Or Storing Material =
Or=20
Information - U-EXS-312 CW
This endorsement is used to =
exclude=20
liability arising out of violation of communication or information=20
laws. There is no rate impact associated with this exclusion =
since:=20
1) the underlying insurance already excludes liability arising out of =
violation=20
of communication or information laws; or 2) the premium does not =
contemplate=20
liability arising out of violation of commuincation or information laws =
and this=20
exclusion therefore allows the company to provide excess coverage over =
an=20
otherwise uninsurable exposure. This is a =
mandatory endorsement for=20
all Following Form Excess Liability Policies.
Diacetyl =
and Other=20
Related Flavorings Exclusion - U-EXS-325 CW
This endorsement =
is used=20
to exclude liability, damage, loss, cost or expense arising out of or =
which=20
would not have occurred, in whole or in part, but for the actual, =
alleged or=20
threatened discharge, dispersal, release, leakage, leaching, escape or =
presence=20
of:
a. Ketones or unsaturated aldehydes, including but not =
limited to=20
diacetyl (2, 3-Butanedione) or acetoin (3-Hydroxybutanone); or
b. =
Aliphatic=20
aldehydes, including but not limited to acetaldehyde.
There is no =
rate=20
impact associated with this exclusion since: 1) the underlying insurance =
already=20
excludes Diacetyl and Other Related Flavorings exposure; or 2) =
the premium=20
does not contemplate Diacetyl and Other Related Flavorings exposure and =
this=20
exclusion therefore allows the company to provide excess coverage over =
an=20
otherwise uninsurable exposure. This is a optional =
endorsement,=20
selected at the option of the =
underwriter.
Formaldehyde=20
Exclusion - U-EXS-354 CW
This endorsement is used to exclude =
liability arising out of the manufacture, handling, distribution, sale,=20
application, consumption or use of formaldehyde. There is no =
rate=20
impact associated with this exclusion since: 1) the underlying insurance =
already=20
excludes formaldehyde exposure; or 2) the premium does not =
contemplate=20
formaldehyde exposure and this exclusion therefore allows the comapny to =
provide=20
excess coverage over an otherwise uninsurable exposure. This =
is a=20
optional endorsement, selected at the option of the=20
underwriter.
Polychlorinated Biphenysl (PCB's) =
Exclusion -=20
U-EXS-384 CW
This endorsement is used to exclude liability =
arising=20
out of the manufacture, handling, distribution, sale, application, =
consumption,=20
use or disposal of any PCB type =
substance. There is=20
no rate impact associated with this exclusion since: 1) the underlying =
insurance=20
already excludes exposure to PCB's; or 2) the premium does not =
contemplate=20
PCB exposure and this exclusion therefore allows the company to provide =
excess=20
coverage over an otherwise uninsurable exposure. This is a =
optional=20
endorsement, selected at the option of the=20
underwriter.
Radioactive Matter Exclusion - =
U-EXS-385=20
CW
This endorsement is used to exclude liability, damage, =
loss, cost=20
or expense arising out of the contamination by or hazardous properties =
of=20
radioactive matter. There is no rate impact associated with this =
exclusion=20
since: 1) the underlying insurance already excludes exposure to =
radioactive=20
matter; or 2) the premium does not contemplate radioactive matter =
exposure and=20
this exclusion therefore allows the company to provide excess coverage =
over an=20
otherwise uninsurable exposure. This is an optional endorsement, =
selected=20
at the option of the underwriter.
Products-Completed =
Operations=20
Liability Extension - U-EXS-386 CW
This endorsement is used =
on=20
policies covering Consolidated (Wrap-Up) Insurance Programs to extend =
the=20
Products-Completed Operations coverage beyond the completion of the =
project=20
covered by the Consolidated (Wrap-Up) Insurance Program for a period of =
time=20
shown in the endorsement. There is no rate impact associated with =
this=20
endorsement as the company will use the underlying insurance premium to=20
deteremine the Following Form Excess Liability Policy premium. =
This is an=20
optional endorsement, selected at the option of the=20
underwriter.
Two or More Designated Policies Endorsement =
-=20
U-EXS-387 CW
This endorsement is used to prevent stacking of =
limits=20
between two or more Following Form Excess Liability Policies issued by =
Zurich=20
Insurance
Group companies to related insureds. This form is =
not=20
intended to be used to prevent stacking of limits between a Zurich =
Insurance=20
gGoup company policy and a policy issued by an unrelated insurance=20
company. There is no rate impact associated, as it would never be =
the=20
intent for two or more Following Form Excess Liability Policies issued =
by Zurich=20
insurance group companies to cover the same loss for related =
insureds. =20
This endorsement is optional at the request of the=20
underwriter.
Firearms and Ammunition Exclusion - =
U-EXS-388=20
CW
This endorsement is used to exclude any liabilty, damage, =
loss,=20
cost or expense arising out of firearms or ammunition. There is no =
rate=20
impact associated with this exclusion since: 1) the underlying insurance =
already=20
excludes firearms or ammunition exposure; or 2) the premium does not =
contemplate=20
firearms or ammunition exposure and this exclusion therefore allows the =
company=20
to provide excess coverage over an otherwise uninsurable exposure. =
This is=20
an optional endorsement, selected at the option of the=20
underwriter.
Fireworks and Pyrotechnic Devises Exclusion =
-=20
U-EXS-389 CW
This endorsement is used to exclude any =
liability,=20
damage, loss, cost or expense arising out of fireworks and pyrotechnic=20
devises. There is no rate impact associated with this exclusion =
since:=20
1) the underlying insurance already excludes fireworks and =
pyrotechnic=20
devises exposure; or 2) the premium does not contemplate fireworks and=20
pyrotechnic exposure and this exclusion, therefore, allows the company =
to=20
provide excess coverage over an otherwise uninsurable exposure. =
This is an=20
optional endorsement, selected at the option of the=20
underwriter.
Internet Activities Exclusion - U-EXS-390=20
CW
This endorsement is used to exclude personal and =
advertising=20
injury arising out of designated internet activities. There is no =
rate=20
impact associated with this exclusion since: 1) the underlying insurance =
already=20
excludes designated internet activities exposure; or 2) the premium does =
not=20
contemplate desingated internet activities exposure and this exclusion =
therefore=20
allows the company to provide excess coveage over an otherwise =
uninsurable=20
exposure. This is an optional endorsement, selected at the option =
of the=20
underwriter.
MBTE Exclusion - U-EXS-391 =
CW
This=20
endorsement is used to exclude any liability, damage, loss, cost or =
expense=20
arising out of methyl tertiary butyl ether/ethyl. There is no rate =
impact=20
associated with this exclusion since: 1) the underlying insurance =
already=20
excludes methyl tertiary butyl ether/ethyl exposure; or 2) the premium =
does not=20
contemplate methyl tertiary butyl ether/ethyl exposure and this =
exclusion=20
therefore allows the company to provide excess coverage over an =
otherwise=20
uninsurable exposure. This is an optional endorsement, selected at =
the=20
option of the underwriter.
Demolition Exclusion - =
U-EXS-392=20
CW
This endorsement is used to exclude any liability, =
damage, loss,=20
cost or expense arising out of demolition operations conducted by the =
Named=20
Insured or on the Named Insured's behalf. There is no rate impact=20
associated with this exclusion since: 1) the underlying insurance =
already=20
excludes demolition exposure; or 2) the premium does not=20
contemplate demolition exposure and this exclusion therefore allows =
the=20
company to provide excess coverage over an otherwise uninsurable =
exposure. =20
This is an optional endorsement, selected at the option of the=20
underwriter.
Partnership, Limited Liability Comapny or =
Joint=20
Venture Exclusion - U-EXS-393 CW
This endorsement is =
used to=20
exclude coverage for any current, past or newly formed partnership, =
limited=20
liability company or joint venture. There is no rate impact as the =
premium=20
does not contemplate this exposure and this exclusion, therefore, allows =
the=20
company to provide Excess coverage over an otherwise uninsurable =
exposure. =20
This is an optional endorsement, selected at the option of the=20
underwriter.
Notice of Occurrence-Inadvertent Reporting - =
U-EXS-394 CW
This endorsement is used to clarify the Notice =
of=20
Occurrence Condition in the policy so that a claim that is inadvertently =
reported to another insured does not invalidate coverage. There is =
no rate=20
impact because it is clarification of a condition that is already in the =
policy. This endorsement is optional at the request of the insured =
when a=20
similar provision is contained in the insured's underlying=20
insurance.
Transfer of Rights of Recovery Against Others =
to Us -=20
U-EXS-395 CW
This endorsement is used to add a Transfer of =
Rights of=20
Recovery Against Others to Us Condition which waives the company's =
rights of=20
recovery if an insured is required by written contract or agreement =
exceuted=20
prior to a loss to waive such rights of recovery. There is no rate =
impact=20
associated with this endorsement as the company will use the underlying=20
insurance premium to determine the Following Form Excess Liability =
Policy=20
pemium. This endorsement is optional at the request of the insured =
when a=20
similar provision is contained in the insured's underlying =
insurance. =20
Condition of Payment Endorsement - U-EXS-396 =
CW
This=20
endorsement clarifies the company's position of not conducting business =
with=20
jurisdictions to the extent that trade or economic sanctions are in =
place. =20
There is no rate impact as this endorsement just clarifies the company's =
governmental imposed obligations. This is an optional endorsement, =
selected at the option of the underwriter.
Notification =
to Others=20
of Cancellation or Nonrenewal - U-EXS-397 CW
This =
endorsement is=20
used to show Person(s) or Organization(s), other than those required by =
state=20
law, to whom the company will attempt to send advanced notice of =
cancellation or=20
nonrenewal of the Following Form Excess Liability Policy, =
U-EXC-100. Any=20
Person(s) or Organization(s) who are required by state law to receive =
notice of=20
cancellation or nonrenewal are not to be named in this =
endorsement. There=20
is no rate impact. This is an optional endorsement, requested at =
the=20
option of the insured.
Professional Services Exclusion =
with=20
Bodily Injury and Property Damage Exception - U-EXS-398 =
CW
This=20
endorsement is used to exclude professional liability, but adds =
clarification=20
that it does not apply to bodily injury or property damage. No =
rate impact=20
as this is a clarification only. This is an optional endorsement, =
at the=20
option of the insured when the insured wants clarification on the =
standard=20
professional exclusion.
Limited Electronic Data Liability =
Coverage - U-EXS-400 CW
This endorsement is used to afford =
coverage=20
for loss of use of, damage to, corruption of, inability to access or =
inability=20
to manipulate electronic date that result from physical injury to =
tangible=20
property. This endorsement provides coverage excess of and to the=20
extent coverage is provided for these exposures in Controlling =
Underlying=20
insurance subject to the provisions of the endorsement. Limited =
Electronic=20
Data Liability Coverage endorsement contains its own set of limits which =
are=20
subject to the Occurrence and Other Aggregate Limits of the Following =
Form=20
Excess Liability Policy to which it attaches. There is no rate =
impact=20
associated with this endorsement as the company will use the Underlying=20
Insurance premium to the determine the Following Form Excess Liability =
Policy=20
premium. This is an optional endorsement, selected at the option =
of the=20
Insured.
Electronic Data Liability Exclusion - U-EXS-401=20
CW
This endorsement is used to exclude any liability, =
damage, loss,=20
cost or expense arising out of the loss of, loss of use of, damage to,=20
corruption of, inability to access or inability to manipulate electronic =
data. There is no rate impact associated with this exclusion since =
1) the=20
underlyng insurance already excludes loss of electronic data exposure; =
or 2) the=20
premium does not contemplate loss of electronic data exposure and this =
exclusion=20
therefore allows the company to provide excess coverage over an =
otherwise=20
uninsurable exposure. This is an optional endorsement, selected at =
the=20
option of the underwriter.
Scheduled Products-Completed=20
Operations Liability Extension to Statute of Repose - U-EXS-402=20
CW
This endorsement is intended to be used in conjunction =
with any=20
of the company's Contractors Limitation Endorsements. It provides=20
products-completed operatons coverage for scheduled projects for joint =
ventures,=20
wrap-up or consolidated insurance programs excess of and to the same =
extent as=20
underlying insurance subject to certain limitations. There is no =
rate=20
impact associated with this endorsement as the company will use the =
underlying=20
insurance premium to determine the Following Form Excess Liability =
Policy=20
premium. This is an optional endorsement, selected at the =
option of=20
the underwriter.
Scheduled Excess Consolidated (Wrap-Up)=20
Insurance Program Endorsement - U-EXS-403 CW
This =
endorsement is=20
used to exclude Consolidated (Wrap-Up) Insurance Programs but adds back =
coverage=20
for any project insured under a joint venture, wrap-up or any =
consolidated=20
insurance program under which the named insured is enrolled that is =
listed in=20
the Schedule of the endorsement. Any coverage provided by this =
endorsement=20
is excess of and applies to the same extent as underlying insurance =
subject to=20
several limitations. There is no rate impact associated with this=20
endorsement as the company will use the underlying insurance premium to=20
determine the Following Form Excess Liability Policy premium. This =
is an=20
optional endorsement, selected at the option of the =
underwriter.
There is=20
no rate impact associated with this filing.
This filing requires =
approval=20
of the corresponding forms submitted under state tracking # =
252409.
Final=20
Action: Approved
Item=20
Key: 253180
NOVA CASUALTY COMPANY
26 - Burglary And=20
Theft
Delayed Adoption
Burglary & Theft
Delay Adoption of ISO Filing =
Reference=20
#: CR-2008-ORU08/RLC08
Overall=20
% Impact:
N/A
Overall=20
$ Impact:
N/A
#=20
of Policyholders:
0
Company=20
Reference: ISOLACR09-001RR
Requested Effective Dates - New: =
03/15/2010=20
Renewal: 03/15/2010
With this filing, =
the=20
companies propose to delay adoption of Insurance Services Office, Inc. =
(ISO)=20
designation # CR-2008-ORU08 approved for ISO under state tracking # =
237705=20
effective 11/1/09 and CR-2008-RLC08 approved for ISO under state =
tracking #=20
237713 effective 11/1/09.
The form revision was =
acknowledged on=20
11/9/09 under state tracking # 253227.
There is no rate impact =
associated=20
with this filing.
Final Action: Approved
Item Key: =
253191
EVEREST=20
NATIONAL INSURANCE COMPANY
17 - Other Liability
Initial Rate and=20
Rule
Commercial Umbrella=20
& Excess Liability
Initial Rate and Rule
Overall=20
% Impact:
N/A
Overall=20
$ Impact:
N/A
#=20
of Policyholders:
0
Company=20
Reference: LA-EX-20028944
Requested Effective Dates - New: 12/01/2009 =
Renewal: 12/01/2009
With this filing, =
the=20
company is proposing a new program to provide additional limit capacity =
on a=20
follow form basis over various complex types of insurance =
coverage. This=20
policy would provide capacity over products such as Directors and =
Officers=20
Liability Insurance, Professional Liability Insurance, Fiduciary =
Liability=20
Insurance, Employment Practices Liability Insurance, Crime Insurance and =
various=20
ancillary lines of business within these product groups.
The =
terms and=20
conditions of coverage follow the contract provisions of the followed =
policy=20
unless endorsed or stated otherwise in the contract. Rates are =
determined=20
as outlined below and are, to a certain extent, determined by the =
underlying=20
followed policy.
On risks where Everest National does not write =
the=20
primary or underlying limits, the pricing parameters for Excess =
Liability=20
placements, e.g. excess layers attaching at limits of $5,000,000 or =
above, is at=20
the underwriter's discretion based on a number of factors. =
Examples of=20
some of these factors are: nature of business, financial condition, =
management=20
strategy, litigation history, attachment point and limit.
The =
filing=20
includes schedule rating.
The corresponding forms were approved =
under=20
state tracking # 248235 on 7/13/09.
Final Action:=20
Approved
Item =
Key:=20
252664
HANOVER INSURANCE COMPANY, THE
MASSACHUSETTS BAY =
INSURANCE=20
COMPANY
HANOVER AMERICAN INSURANCE COMPANY, THE
26 - Burglary And=20
Theft
Loss Cost Adoption
Burglary & Theft
Adoption of ISO Filing =
Reference #:=20
CR-2005-OMU05/Crime
Overall=20
% Impact:
N/A
Overall=20
$ Impact:
N/A
#=20
of Policyholders:
0
Company=20
Reference: CR-CW-09581-01R
Requested Effective Dates - New: =
02/15/2010=20
Renewal: 02/15/2010
With this filing, =
the=20
companies are proposing to adopt Insurance Services Office, Inc. (ISO) =
Crime=20
Multistate Rule as found in designation # CR-2005-OMU05 approved for ISO =
under=20
state tracking # 22336 effective 10/1/06.
There is no rate impact =
associated with this filing.
Final Action: =
Approved
Item Key: =
253215
GREAT AMERICAN=20
INSURANCE COMPANY
GREAT AMERICAN ASSURANCE COMPANY
GREAT AMERICAN=20
INSURANCE COMPANY OF NEW YORK
GREAT AMERICAN ALLIANCE INSURANCE =
COMPANY
17=20
- Other Liability
Initial Rule only
Commercial General =
Liability
Rule=20
Filing to be Used in Conjunction with Coordination of Limits Endorsement =
CG 84=20
40
Overall=20
% Impact:
N/A
Overall=20
$ Impact:
N/A
#=20
of Policyholders:
0
Company=20
Reference: GL LA09217CGR01
Requested Effective Dates - New: =
12/21/2009=20
Renewal: 12/21/2009
The above-captioned=20
companies are submitting this rule filing which corresponds to =
the=20
introduction of Coordination of Limits Endorsement CG 84 40 and is for =
the use=20
of Great American Insurance Group's Specialty Human Services Non-Profit=20
Unit.
The Coordination of Limits Endorsement CG 84 40 is attached =
whenever Abuse or Molestation Coverage is provided under form CG 82 =
83. It=20
clarifies that if there is a loss that might apply to more than one =
coverage=20
part under the policy, including the Abuse or Molestation Coverage form, =
the=20
limit shown for the Abuse Molestation coverage will be the total limit =
that=20
applies.
There is no rating change.
The requested rule =
requires=20
approval of companion form(s), LDOI Form Filing No. 253276, Company =
Form=20
Filing No. GL LA09217CGF01.
Final Action: =
Approved
Contingent=20
upon form(s) filing, LDOI Form Filing No. 253276, Company Form Filing =
No. GL=20
LA09217CGF01.
Item =
Key:=20
253226
MARKEL AMERICAN INSURANCE COMPANY
MARKEL INSURANCE=20
COMPANY
19 - Commercial Automobile
Non-Adoptions
Commercial =
Auto
Overall=20
% Impact:
N/A
Overall=20
$ Impact:
N/A
#=20
of Policyholders:
0
Company=20
Reference: ISO-AUTO
With this filing, the company is proposing =
to=20
non-adopt Insurance Services Office, Inc. (ISO) designation # =
CA-2009-BRLA1=20
(Loss Costs) approved for ISO under state tracking # 245661 effective=20
12/1/09. The company advises they will make a proper filing at a =
later=20
date when it is ready to adopt.
Final Action: =
Approved
Item Key: =
253242
EMPIRE=20
INDEMNITY INSURANCE COMPANY
19 - Commercial=20
Automobile
Non-Adoptions
Commercial Auto
Non-Adoption of ISO Filing Reference #:=20
CA-2009-BRLA1
Overall=20
% Impact:
N/A
Overall=20
$ Impact:
N/A
#=20
of Policyholders:
0
Company=20
Reference: LA CA 29664
With this filing, the company proposes to =
non-adopt=20
Insurance Services Office, Inc. (ISO) designation # CA-2009-BRLAI (Loss =
Costs)=20
approved for ISO under state tracking # 245661 effective =
12/1/09.
Final=20
Action: Approved
Item=20
Key: 253261
Diamond State Insurance Company
19 - Commercial =
Automobile
Revised Rate and Rule
Commercial Auto
Revised Rate and =
Rule/Garage/Non-Franchised Used=20
Car Dealers
Overall=20
% Impact:
N/A
Overall=20
$ Impact:
N/A
#=20
of Policyholders:
0
Company=20
Reference: DS-2009-CA-RRU-268
Requested Effective Dates - New: =
01/01/2010=20
Renewal: 01/01/2010
With this filing, the company is proposing rating methodology for the =
Broadened Dealers Extension Endorsement (EPA-1453) to the Garage =
Liability=20
Coverage, which is sold as part of the Non-Franchised Used Car Dealer=20
Program. This endorsement is intended to provide four additional =
coverages=20
to the Garage Liability form:
1. Title Errors and Omissions =
Coverage - negligent error in executing the title transfer to properly =
specify=20
legal ownership of a vehicle that is subsequently criminally sold or =
transferred=20
resulting in financial loss to the dealer.
2. Truth In Lending =
Errors and=20
Omissions Coverage - unintentional violation of any Federal or State =
Consumer=20
Credit act that results in error on the amount of the loan.
3. =
Federal=20
Odometer Statute Errors and Omissions Coverage - Damage incurred due to =
odometer=20
tampering by anyone other than insured.
4. Broad Form Products =
and Work=20
You Performed Coverage - damage to the vehicle as a result of a =
defective=20
product or work.
The company is proposing the following premium =
charges=20
at the following limits for this endorsement:
Limit Rate Minimum=20
Premium
$100,000 2.5% of Garage Liability Premium=20
$100
$300,000 2.5% of Garage Liability Premium=20
$150
$500,000 2.5% of Garage Liability Premium =
$200
There is=20
no rate impact associated with this filing.
This filing requires approval of corresponding forms submitted under =
state=20
tracking # 253365.
Final Action: Approved
Contingent =
upon=20
form(s) approval, LDOI Form Filing No. 253365.
Item Key: =
253275
Florists'=20
Mutual Insurance Company
19 - Commercial Automobile
Loss Cost=20
Adoption
Commercial Business=20
Auto
Loss Costs Adoption/ISO Filing Reference #'s: RP-2007-RAL07 =
&=20
RP-2007-RPD07
Overall=20
% Impact:
N/A
Overall=20
$ Impact:
N/A
#=20
of Policyholders:
0
Company=20
Reference: 09-17
Requested Effective Dates - New: 02/01/2010=20
Renewal: 02/01/2010
With this filing, =
the=20
company is proposing to adopt Insurance Services Office, Inc. (ISO) =
designation=20
# RP-2007-RAL07 approved for ISO under state tracking # 223259 effective =
4/1/08=20
and designation # RP-2007-RPD07 approved for ISO under state tracking # =
223253=20
effective 4/1/08. The company has also included the Expected Loss =
Ratios=20
to be used with the rating plans. They are as follows:
The =
Expected=20
Loss Ratio for Commercial Auto Liability is 0.574.
The Expected Loss =
Ratio=20
for Commercial Auto Physical Damage is 0.496.
There is no rate =
impact=20
associated with this filing.
Final Action: =
Approved
Item Key: =
253286
MANUFACTURERS=20
ALLIANCE INSURANCE COMPANY
PENNSYLVANIA MANUFACTURERS' ASSOCIATION =
INSURANCE=20
COMPANY
PENNSYLVANIA MANUFACTURERS INDEMNITY COMPANY
19 - =
Commercial=20
Automobile
Revised Rule only
Commercial Auto
Revised Rule Only/Auto Phase =
II
Overall=20
% Impact:
N/A
Overall=20
$ Impact:
N/A
#=20
of Policyholders:
0
Company=20
Reference: 09-0696-LA124
Requested Effective Dates - New: 01/01/2010=20
Renewal: 01/01/2010
The last rate =
adjustment to=20
this program was a Loss Costs Adoption of -5.9% approved under state =
tracking #=20
249000 effective 12/1/09.
With this filing, the companies are =
proposing=20
revised rules. Below is a summary of the =
filing:
Blanket=20
Waiver of Recovery Rights, PCA 05 31
This endorsement =
waives PMA's=20
right of recovery against parties with whom their insured has a =
written=20
contract or written agreement to waive their rights of recovery from =
others.=20
Offering this coverage to the insured creates a situation where the =
insurance=20
company has less recourse to subrogate against an individual or entity =
who may,=20
ultimately, be responsible for a loss.
Because it is limiting =
the=20
insurance company's ability to recover monies owed to the company, and =
because=20
the contracted parties are unknown, due to the blanket wording, there =
should be=20
an additional charge to cover this additional exposure. As a result, the =
companies are filing a premium charge of 0.5% times the liability =
premium.=20
Although they have insufficient supporting data, we feel this is a =
fair and=20
equitable charge to help offset our potential additional losses.=20
Rule 107 Fellow Employee Coverage
See =
revised rule=20
pages for the broadening of the groups.
PMA =
ExcelleratorPLUS=20
Endorsement Rule
For their clients=E2=80=99 ease of doing =
business, and for=20
competitive reasons, the rating rule is changing to:
- Eliminate the =
Selection Form requirement.
- Eliminate the 10 vehicle eligibility=20
requirement.
- Eliminate $1,000,000 liability limit requirement. =
The=20
premium charge found in the rating rule is not changing.=20
Companion Credit Rule
The credit is a multi =
policy=20
discount intended to reflect an expense differential between account and =
non-account business, and applies equally to all insureds. The relative =
expense=20
of issuing and servicing multiple policies for the same insured is less =
than the=20
expense of issuing and servicing multiple policies for different =
insureds. The=20
insured is free to reject coverage. This rule will be used in =
conjunction with=20
the standard Insurance Services Organizations (ISO) Commercial =
Automobile=20
Program. The following points summarize our proposed filing:
The =
companies will apply an additional credit to the rates on a =
Business Auto=20
Policy when written in conjunction with a Workers=E2=80=99 Compensation =
Policy and/or a=20
Commercial Package Policy, or one other designated line of business, as=20
indicated below.
A Companion Credit of 4% (.960) shall be =
applied to the=20
rates for a Business Auto Policy when written together with both a =
Workers=E2=80=99=20
Compensation Policy and a Commercial Package Policy, when all policies =
are=20
issued by any of PMA's licensed companies for the same insured. Expense =
savings=20
will include time savings for underwriting and risk control analysis, =
cost=20
savings for risk control travel time, cost of driver records and =
analysis time=20
and reduction in acquisition costs.
A Companion Credit of =
3%(.970) shall=20
be applied to the rates for a Business Auto Policy when written together =
with a=20
Workers=E2=80=99 Compensation Policy, when both policies are issued by =
any of=20
PMA's licensed companies for the same insured. Since Commercial =
Auto and=20
Workers=E2=80=99 Compensation exposures to loss from auto accidents =
require similar=20
underwriting, risk control and driver record analysis, and cost of =
driver=20
records, the companies expense savings would be the result of cross-over =
of=20
these efforts when PMA's companies insure both the Commercial Auto =
and the=20
Worker=E2=80=99s Compensation policies for the same account. Acquisition =
costs will also=20
be reduced.
A Companion Credit of 2.5% (.975) shall be applied =
to the=20
rates for a Business Auto Policy when written together with a Commercial =
Package=20
Policy, when both policies are issued by any of PMA's licensed companies =
for the=20
same insured. Expense savings will result due to a one time review of =
common=20
information for the account=E2=80=99s two policies, and risk control =
will only need to=20
make one trip to survey the account, and acquisition costs will be =
reduced.=20
Since exposures to loss are different for these lines of business, there =
is not=20
as much cross-over of underwriting analysis time savings as in the =
Companion=20
Credit of 3% described above.
A Companion Credit of 2% (.980) =
shall be=20
applied to the rates for a Business Auto Policy when written together =
with one=20
of the following lines of insurance, when all policies are issued by any =
of PMA's licensed companies for the same insured:
- Commercial=20
Property/Fire or Commercial Inland Marine
- General=20
Liability
Enclosed for your review are revised company =
exception=20
pages, CA-CW-E-1 to CA-CW-E-12 (Edition 09.09). PMA's previously =
approved LA=20
specific page, see LA DOI # 231375, has been included for informational =
purposes=20
only, it is not being revised.
This fling requires approval of =
the=20
corresponding forms submitted under state tracking # 253368.
Final =
Action:=20
Approved
Contingent upon form(s) approval, LDOI Form Filing No. =
253368,=20
Company Form Filing No. 09-0695-LA124.
Item Key: 253312
OLD =
REPUBLIC=20
INSURANCE COMPANY
OLD REPUBLIC GENERAL INSURANCE CORPORATION
17 - =
Other=20
Liability
Loss Cost Adoption
Commercial General =
Liability
Adoption of=20
ISO's Filing Designation No. GL-2008-RZPLC (General Liability Basic =
Limits=20
Prospective Loss Cost Revision for Zip Code Based =
Territories)
Overall=20
% Impact:
N/A
Overall=20
$ Impact:
N/A
#=20
of Policyholders:
97
Company=20
Reference: GL LA02155CGR01
Requested Effective Dates - New: =
04/01/2010=20
Renewal: 04/01/2010
The above-captioned =
company=20
is filing to adopt ISO's Filing Designation No. GL-2008-RZPLC =
(General=20
Liability Basic Limits Prospective Loss Cost Revision for =
Zip Code=20
Based Territories - approved under the "Prior Approval" provision, Item =
Key No.=20
240451, effective April 1, 2010).
Final Action: =
Approved
Item Key: =
253318
ALLSTATE=20
INSURANCE COMPANY
17 - Other Liability
Delayed =
Adoption
Commercial=20
General Liability
Delay Adoption of ISO's Filing Designation No. GL=20
2004-ORGLA (2)
Overall=20
% Impact:
N/A
Overall=20
$ Impact:
N/A
#=20
of Policyholders:
0
Company=20
Reference: GL-2004-ORGLA
The above-captioned company is filing to =
delay=20
adoption of ISO's Filing Designation No. GL 2004-ORGLA (2), which was =
approved=20
under "Prior Approval" provision, Item Key No. 247849, effective =
December 1,=20
2009 until further notice.
Final Action: Approved
Item Key: =
253335
GREAT AMERICAN=20
INSURANCE COMPANY
GREAT AMERICAN ASSURANCE COMPANY
GREAT AMERICAN=20
INSURANCE COMPANY OF NEW YORK
GREAT AMERICAN ALLIANCE INSURANCE =
COMPANY
17=20
- Other Liability
Non-Adoptions
Commercial General=20
Liability
Non-Adoption of ISO's Filing Designation =
No. GL-2008-RZIP1=20
(General Liability Zip Code Based Territory Definitions)
Overall=20
% Impact:
N/A
Overall=20
$ Impact:
N/A
#=20
of Policyholders:
0
Company=20
Reference: GL LA09259CGR01
The above-captioned company is filing to=20
non-adopt ISO's Filing Designation No. GL-2008-RZIP1 (General =
Liability Zip=20
Code Based Territory Definitions - approved under the "Prior =
Approval"=20
provision, Item Key No. 240450, effective April 1, 2010).
Final =
Action:=20
Approved