Commercial Lines Exclusions Related to Acts of Terrorism

BULLETIN B 02-03 TO: ALL PROPERTY AND CASUALTY INSURERS WRITING COMMERCIAL LINES INSURANCE PRODUCTS AND OTHER INTERESTED PARTIES RE: COMMERCIAL LINES EXCLUSIONS RELATED TO ACTS OF TERRORISM In Bulletin B 01-15, I notified property and casualty insurers of my intent to approve certain limited exclusions for acts of terrorism. Instead of approving the very broad total exclusions of coverage for acts of terrorism, Alaska approved exclusions of optional endorsements developed by the Insurance Services Office, Inc. (ISO). These filings were approved on January 11, 2002 and became effective for new and renewal business on January 12, 2002. The exclusions were given conditional approval. The approval will be automatically withdrawn 15 business days after the effective date of federal legislation that addresses insurance losses attributed to acts of terrorism. The purpose of this bulletin is to amend the list of ISO endorsements included in Bulletin B 01-15. ISO developed Alaska specific endorsements that contained language to comply with AS 21.36.212. The ISO endorsements that are approved for use in Alaska are the following: COMMERCIAL PROPERTY INTERLINE ENDORSEMENT: IL 09 43 01 02 COMMERCIAL GENERAL LIABILITY ENDORSEMENT: CG 26 76 01 02 COMMERCIAL GENERAL LIABILITY ENDORSEMENT: CG 31 44 01 02 COMMERCIAL GENERAL LIABILITY ENDORSEMENT: CG 31 45 01 02 COMMERCIAL LIABILITY UMBRELLA ENDORSEMENT: CU 01 52 01 02 BUSINESSOWNERS ENDORSEMENT: BP 05 19 01 02 BUSINESSOWNERS ENDORSEMENT: BP 05 20 01 02 FARM LIABILITY ENDORSEMENT: FL 10 34 01 02 The expedited filing procedures and other information in Bulletin B 01-15 continue in effect. Dated this 16th day of January, 2002. Robert A. Lohr Director