AK Insurance Bulletin B08-08

Line Codes for Surplus Lines Transaction Reports

Year: 2008Length: 580 wordsOfficial source
550 W. 7th Avenue, Suite 1560, Anchorage, Alaska 99501-3567 Telephone: (907) 269-7900 Fax: (907) 269-7912 Text Telephone: (907) 465-5437 Email: insurance@alaska.gov Website: http://www.commerce.state.ak.us/insurance/ Sarah Palin, Governor Emil Notti, Commissioner Linda S. Hall, Director Division of Insurance BULLETIN B 08-08 TO: ALL RESIDENT AND NONRESIDENT SURPLUS LINES BROKERS LICENSED IN THE STATE OF ALASKA AND OTHER INTERESTED PARTIES RE: LINE CODES FOR SURPLUS LINES TRANSACTION REPORTS This bulletin publishes the latest line codes currently in use in the National Association of Insurance Commissioners (NAIC) Annual Statement blank for property and casualty insurers. These codes are to be used in the surplus lines transaction report and monthly premium summary report required under AS 21.34.170(a) and 3 AAC 25.090. This bulletin revokes and replaces Bulletin B 06-19, issued November 10, 2006. The reporting forms have been updated and are available on our web site, www.dced.state.ak.us/insurance, under the Company, Surplus Lines Forms and Information quick link. Choose Surplus Lines Broker Premium Report Forms from the menu. You can also find the most recent line codes bulletin under Useful Links. Please be sure you have the most current forms by downloading them each month. Use the following codes to identify the type of coverage reported, listed both alphabetically and by code number. Line of business - (code #) Accident and health, credit (group and individual) (Code 14) Accident and health, group (Code 13) Accident and health, other (Code 15) Aircraft, all perils (Code 22) Allied lines (Code 2.1) Auto liability, commercial (Code 19.4) Auto liability, private passenger (Code 19.2) Auto physical damage, commercial (Code 21.2) Auto physical damage, private passenger (Code 21.1) Boiler and machinery (Code 27) Burglary and theft (Code 26) Commercial multiple peril - liability (Code 5.2) Commercial multiple peril - non-liability (Code 5.1) Credit (Code 28) Crop multiple peril (Code 2.2) 2 Earthquake (Code 12) Farmowners multiple peril (Code 3) Fidelity (Code 23) Financial guaranty (Code 10) Fire (Code 1) Flood (Code 2.3) Homeowners multiple peril (Code 4) Inland marine (Code 9) Liability, auto - see ‘auto’ Liability, other (Code 17) Liability, products (Code 18) Liability, professional (Code 11) Medical malpractice (Code 11) Mortgage guaranty (Code 6) Ocean marine (Code 8) Other lines of business (Code 33) Note: If you use this code, you must explain the type of coverage on the report. Professional liability (Code 11) Surety (Code 24) Workers’ compensation (Code 16) Note: Workers’ compensation requires compliance with AS 21.34.030, and includes USL&H and Jones Act coverages. (Code #) - line of business (1) fire (2.1) allied lines (2.2) multiple peril crop (2.3) federal flood (3) farmowners multiple peril (4) homeowners multiple peril (5.1) commercial multiple peril - non-liability (5.2) commercial multiple peril - liability (6) mortgage guaranty (8) ocean marine (9) inland marine (10) financial guaranty (11) medical malpractice/professional liability (12) earthquake (13) group accident and health (14) credit accident and health (group and individual) (15) other accident and health (16) workers’ compensation Note: Workers’ compensation requires compliance with AS 21.34.030, and includes USL&H and Jones Act coverages. (17) liability, other (18) products liability 3 (19.2) other private passenger auto liability (19.4) other commercial auto liability (21.1) private passenger auto physical damage (21.2) commercial auto physical damage (22) aircraft (all perils) (23) fidelity (24) surety (26) burglary and theft (27) boiler and machinery (28) credit (33) other lines of business Note: If you use this code, you must explain the type of coverage on the report. Dated this 12th day December, 2008, at Anchorage, Alaska. Linda S. Hall Director
AK Insurance Bulletin B08-08: Line Codes for Surplus Lines Transaction Reports | Justis AI