Availability of Property Coverage in Maryland - 2007 Coastal Survey

MARTIN O'MALLEY Governor ANTHONY G. BROWN Lt. Governor [LOGO] INSURANCE ADMINISTRATION 525 St. Paul Place, Baltimore, Maryland 21202-2272 www.mdinsurance.state.md.us PEGGY J. WATSON Interim Commissioner JAMES V. MCMAHAN, III Deputy Commissioner P. RANDI JOHNSON Associate Commissioner Property & Casualty # Bulletin 07-14 DATE: August 13, 2007 TO: Property and Casualty Insurers Writing Property Coverage RE: Availability of Property Coverage in Maryland - 2007 Coastal Survey and Data Request Pursuant to §19-112 of the Insurance Article, the Maryland Insurance Administration ("MIA") hereby requests each property and casualty insurer writing property coverage in Maryland to provide data related to homeowners insurance policies and certain commercial lines insurance policies for selected zip codes in coastal jurisdictions. This information is necessary for the 2007 Task Force on the Availability and Affordability of Property Insurance in Coastal Areas, staffed by the MIA. For each of the following types of policies: - Homeowners HO 2/HO 3 or similar policy - Renters HO4 or similar policy - Condominium HO 6 or similar policy - Commercial Property - Any policy that provides coverage for commercial real property and/or commercial personal property including commercial multi-peril, businessowners or other similar policies that provide property coverage for commercial properties, hotels, apartment buildings, condominiums, etc. Please provide answers (in narrative form) for questions 1 through 5 below. For each, where applicable, please distinguish between new and renewal business requirements, restrictions or possible actions. If there are no differences, please state so. 1. Does the company currently impose a minimum distance to the shoreline to make a risk eligible for coverage? If yes, see attached for submission format. 2. Does the company currently impose any other eligibility or underwriting restrictions that serve to cap your coastal exposure? If yes, provide a copy of these documents, including colored maps that identify restricted areas. 7 Property & Casualty Bulletin 07- 2007 Coastal Survey and Data Request Page 2 3. If the company does not currently have any such restrictions, has the company ever imposed any eligibility or underwriting restrictions that serve to cap your coastal exposure? If yes, provide a copy of those documents, including colored maps that identify restricted areas. **If maps are different between new and renewal business, provide both.** 4. Is the company currently considering imposing any eligibility or underwriting restrictions that serve to cap your coast exposure? If yes, explain. 5. Does the company impose any mandatory windstorm deductibles in either a minimum dollar amount or in a percentage amount? If yes, explain. The requested data should be provided in the required formats as specified in this Bulletin. Please submit your data via email or a CD. Electronic submission is mandatory. Data should be submitted to: LGlemza@mdinsurance.state.md.us For questions regarding the attached specifications, please contact Mr. Linas Glemza, Actuary, at (410) 468-2044 or LGlemza@mdinsurance.state.md.us For general questions, please contact Dave Diehl, Chief Administrator, at (410) 468-2320 or DDiehl@mdinsurance.state.md.us Requests for exemptions must be put in writing (email is acceptable). It must include the NAIC company number for each company for which the request is made. These will be granted on a case by case basis. Please send exemption requests to Mr. Linas Glemza and Dave Diehl of the Maryland Insurance Administration. If your company(ies) has no premiums for the requested lines, just inform us via email - no further action is required. Please provide this information no later than September 17, 2007. Peggy J. Watson Interim Insurance Commissioner P. Randi Johnson P. Randi Johnson Associate Commissioner Property & Casualty # File Format - Excel All data must start in cell A2 of the spreadsheet. PLEASE use headers. Below lists the columns in which the data must be placed. The placement of data must conform to this or the submission will be returned. The data must be placed in the following columns: | Column | Description | | --- | --- | | (A) | NAIC Group Code | | (B) | NAIC Company Code | | (C) | NAIC Company Name (NOT NAIC GROUP NAME) | | (D) | LEAVE BLANK | | (E) | City/County – This is a pre-filled column | | (F) | Selected zip codes – This is a pre-filled column | | (G) | Policy Type | 1 - for Form HO2/HO3 or similar form 2 - for Form HO4 or similar form 3 - for Form HO6 or similar form 4 - for Commercial Lines policy (H) Type of Business 1 - RENEWAL 2 - NEW (I) Distance to Shoreline – convert to feet. If a distance rule is not used, enter the following: 0 - if write risks right up to the coast line n/a - if other method is used (e.g. zip code) n/w - if does not write risks within this distance (J) Mandatory higher Wind/Hail or Hurricane deductible for Column (H) If deductible is same as the AOP deductible, enter the AOP deductible Otherwise enter n/a (K) Zip code based requirement Y - if higher wind/hail is required N - if no higher wind/hail deductible is required X - if does not write risks in this zip code (L) Higher mandatory wind/hail deductible, enter: 1) Actual mandatory minimum wind/hail deductible; OR 2) n/a 3) X if does not write. # File Requirements - MAPS Please adhere to the following requirements: 1) Map must be scaled to fit to entire page – letter size; 2) Must be submitted in landscape format (not portrait); 3) Label each map appropriately – residential or commercial. Multiple maps for each type are acceptable, but must be labeled appropriately; 4) Maps must include City and County borders and names; 5) Do not show zip code boundaries or roadways; 6) Do not show rating territories, or place insurance company name on the map; 7) Areas with deductible restrictions must be shown in pink (???). All other areas in a medium to light shade of green. Sub-restrictions must be explained in a separate document. For example, this would include distance requirement for no writing, and a mandatory higher wind/hail or hurricane deductible for a particular county. 8) Show bodies of water as blue; 9) File Format – JPG is preferred. Powerpoint (even if multislide) is acceptable as long as they are printable. # DATA and FILE Requirements Requirements: 1) Filing naming convention a) File name should contain NAIC group code (or NAIC Company code if group code is zero). Using company name is an acceptable alternative. 2) Spreadsheet detail requirements: a) Arial font with font size of 12. Use default color of black; b) Do not use currency format; c) Do not submit formulas or spreadsheets that contain links; d) Do not activate "Wrap Text"; e) Do not use borders or colored/highlighted cells; For any other formatting issue, use the Excel default parameters. 3) We allow companies to submit disclaimers to their submissions. Due to space limitations, please keep it brief. Place disclaimers on a separate spreadsheet page. 4) On a separate spreadsheet, provide the following information: Column A - Contact Name Column B - Company Name Column C - Company Address 1 (can also be Department name) Column D - Company Address 2 Column E - City/State/Zip Column F - Phone number Column G - Fax number Column H - Email address of contact name. DO NOT SUBMIT THIS In HTML format. Text only. | NAIC Group Code | NAIC Company Code | Company Name | City/County | Selected Zipcode by County | Policy Type | NEW/R ENEW | Distance to Shoreline rules | Wind/Hail deductible based on distance | Zip code based requirement | Wind/Hail deductible based on zip | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | Anne Arundel | 20733 | | | | | | | | | | | Anne Arundel | 20751 | | | | | | | | | | | Anne Arundel | 20758 | | | | | | | | | | | Anne Arundel | 20764 | | | | | | | | | | | Anne Arundel | 20776 | | | | | | | | | | | Anne Arundel | 20778 | | | | | | | | | | | Anne Arundel | 20779 | | | | | | | | | | | Anne Arundel | 21012 | | | | | | | | | | | Anne Arundel | 21032 | | | | | | | | | | | Anne Arundel | 21037 | | | | | | | | | | | Anne Arundel | 21056 | | | | | | | | | | | Anne Arundel | 21122 | | | | | | | | | | | Anne Arundel | 21140 | | | | | | | | | | | Anne Arundel | 21146 | | | | | | | | | | | Anne Arundel | 21401 | | | | | | | | | | | Anne Arundel | 21402 | | | | | | | | | | | Anne Arundel | 21403 | | | | | | | | | | | Baltimore City | 21201 | | | | | | | | | | | Baltimore City | 21202 | | | | | | | | | | | Baltimore City | 21218 | | | | | | | | | | | Baltimore City | 21224 | | | | | | | | | | | Baltimore City | 21225 | | | | | | | | | | | Baltimore City | 21226 | | | | | | | | | | | Baltimore City | 21230 | | | | | | | | | | | Baltimore City | 21231 | | | | | | | | | | | Baltimore County | 21117 | | | | | | | | | | | Baltimore County | 21162 | | | | | | | | | | | Baltimore County | 21219 | | | | | | | | | | | Baltimore County | 21220 | | | | | | | | | | | Baltimore County | 21221 | | | | | | | | | | | Baltimore County | 21222 | | | | | | | | | | | Baltimore County | 21237 | | | | | | | | | | | Calvert | 20615 | | | | | | | | | | | Calvert | 20639 | | | | | | | | | | | Calvert | 20657 | | | | | | | | Calvert | 20676 | | --- | --- | | Calvert | 20678 | | Calvert | 20685 | | Calvert | 20688 | | Calvert | 20714 | | Calvert | 20732 | | Cecil | 21901 | | Cecil | 21903 | | Cecil | 21915 | | Cecil | 21919 | | Dorchester | 21613 | | Dorchester | 21622 | | Dorchester | 21626 | | Dorchester | 21631 | | Dorchester | 21634 | | Dorchester | 21669 | | Dorchester | 21672 | | Dorchester | 21675 | | Dorchester | 21677 | | Dorchester | 21869 | | Harford | 21001 | | Harford | 21005 | | Harford | 21009 | | Harford | 21010 | | Harford | 21014 | | Harford | 21017 | | Harford | 21040 | | Harford | 21078 | | Harford | 21085 | | Kent | 21610 | | Kent | 21620 | | Kent | 21645 | | Kent | 21661 | | Kent | 21678 | | Queen Anne | 21617 | | Queen Anne | 21619 | | Queen Anne | 21638 | | Queen Anne | 21658 | | Queen Anne | 21666 | | Saint Mary's | 20606 | | --- | --- | | Saint Mary's | 20618 | | Saint Mary's | 20626 | | Saint Mary's | 20628 | | Saint Mary's | 20630 | | Saint Mary's | 20636 | | Saint Mary's | 20650 | | Saint Mary's | 20670 | | Saint Mary's | 20680 | | Saint Mary's | 20684 | | Somerset | 21816 | | Somerset | 21817 | | Somerset | 21820 | | Somerset | 21821 | | Somerset | 21838 | | Somerset | 21853 | | Somerset | 21870 | | Somerset | 21871 | | Talbot | 21601 | | Talbot | 21612 | | Talbot | 21647 | | Talbot | 21654 | | Talbot | 21662 | | Talbot | 21663 | | Talbot | 21665 | | Talbot | 21671 | | Talbot | 21673 | | Talbot | 21676 | | Talbot | 21679 | | Wicomico | 21804 | | Wicomico | 21814 | | Wicomico | 21840 | | Wicomico | 21856 | | Wicomico | 21865 | | Worcester | 21811 | | Worcester | 21813 | | Worcester | 21829 | | Worcester | 21841 | | Worcester | 21842 | 21863 21864 Worcester Worcester