INLAND MARINE REGULATORY ISSUES

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INLAND MARINE REGULATORY ISSUES
American Association of Insurance Services 1745 S
Naperville Road M Wheaton, IL 60187
www.AAISonline.com
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Nonfiled Inland Marine Classes

• Current Filing Status
• Trends
• Specific State Issues

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Filing Status - Forms

• 23 Jurisdictions Require Filings
• AR CA DC IL IA
• KS LA MA MT NE
• NV NM OK OR PR
• SC VT WA WV WI
• - NY VA TX

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Filing Status Rules/Rates

• 7 Jurisdictions Require Filings
• CA CO
• MT NM
• - NE NY TX

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Filing Status Rules Only

• 1 Jurisdiction Requires Filings
• KY

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Trends - New States

• Missouri
• Nonfiled State
• Filed State
• Nonfiled State
• ?

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Trends - Mold

• 6 Jurisdictions Have Issues With Mold
• AK FL NY CA LA
• GA

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Vermont

• File Regardless Of State Statutes And
  Regulations

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Florida

• Do Not File Regardless Of State Statutes And
  Regulations

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New York

• Circular Letter No. 22
• Difference In Conditions
• Domestic Bulk Liquids

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New York

• Electronic Data Processing
• - Portable Equipment IM
• - Network Equipment Property

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New York

• Builders Risk
• - Filing Required IM / Property
• -- Ranges
• -- Large Risks
• -- High Hazard Risks

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New York

• Builders Risk
• - When Coverage Ceases
• -- Certificate Of Occupancy
• -- Acceptance
• -- Completion
• -- Occupancy

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New York

• When Coverage Ceases - AAIS
• - Certificate Of Occupancy
• - Acceptance
• - Abandonment
• - Completion Walk Thru In 30 Days
• - Occupancy Permission To Occupy

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California

• Review Of Filings
• Supporting Data For Loads / Rates
• Review Of Ranges
• - Underwriting And Rating Rules

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California - Risk Characteristics

• Electrical / Power Disturbance Coverage
• Reliability Of Utility Service
• - Reliable Power Service
• - Sporadic Brownouts / Blackouts
• - Area Prone To Brownouts / Blackouts