Terrorism Risk Insurance Data Call (This bulletin is repealed and replaced by Bulletin IC-44)

STATE OF CONNECTICUT INSURANCE DEPARTMENT BULLETIN IC-38 JULY 21, 2017 TO: ALL PROPERTY & CASUALTY INSURERS ADMITTED TO WRITE OR WRITING THE FOLLOWING ANNUAL STATEMENT BLANK LINE COVERAGES: COMMERCIAL FIRE AND ALLIED LINES, COMMERCIAL MULTIPLE PERIL, OCEAN MARINE, INLAND MARINE, OTHER LIABILITY, PRODUCTS LIABILITY AND BOILER AND MACHINERY RE: TERRORISM RISK INSURANCE DATA CALL _______________________________________________________________ The purpose of this Bulletin is to inform you that the Connecticut Insurance Department (the “Department”) has agreed to participate in a national Terrorism Risk Insurance Data call coordinated by the New York Department of Financial Services (the “New York Department”) and the National Association of Insurance Commissioners (the “NAIC”). As companies may know, the New York Department is the chair of the National Association of Insurance Commissioners’ Terrorism Insurance Implementation (C) Working Group committee charged with the responsibility of collecting such information. The New York Department intends to use the NAIC to aggregate and analyze the information collected, as well as undertake any related tasks as directed. In lieu of an individual data call from Connecticut, the Department requests under Connecticut General Statutes sections 38a-14 and 38a-16, each insurer provide the information directly to the New York Department and ultimately the NAIC by September 30, 2017. More importantly, as the New York Department has advised that it is authorized and able to receive such information confidentially, this information shall be so provided and received confidentially pursuant to Connecticut General Statutes section 38a-14. By acting in this coordinated manner, each such insurer need only respond once to the New York Department. If you have any questions, please email George B. Bradner, Director, Property and Casualty Division at: george.bradner@ct.gov. Katharine L. Wade Insurance Commissioner www.ct.gov/cid P.O. Box 816 Hartford, CT 06142-0816 An Equal Opportunity Employer