ISO form & endorsement changes

Rough Notes, Aug 1997 by Kowatch, Diana

The PF&M Companion is a service of the Policy, Form and Manual Analysis Service, published by the Rough Notes Company, Inc. Policy, Form and Manual Analysis (PF&M), continually updated since 1929, is the personal, commercial, and specialty policy and form analysis service provided by the Rough Notes Company. PF&M is available in paper, on disk in Three Part Harmony, and on CD-ROM through Silver Plume as Rough Notes. For more information on this service call 1-800-428-4384. Includes copyrighted material of Insurance Services Office, Inc., or ISO Commercial Risk Services, Inc., with its permission; (c)Copyright, Insurance Services Office, Inc., 1997 (c)Copyright, ISO Commercial Risk Services, Inc., 1997.ion of Insurance: A blank line for insurers to insert a coverage not listed has been added if that coverage may be suspended by that particular state's law. UIM may now apply either in combination with UM or stand-alone. Three other endorsements also are amended accordingly: CA 20 15-Mobile Equipment; CA 20 21-Snowmobiles; and CA 20 27-Registration Plates Not Issued For A Specific Auto.

COUNTRYWIDE

1997 Multistate Revisions to the Commercial Auto Coverage Forms and Endorsements Under Physical Damage Coverage-Coverage Extensions, the word "temporary" is added to transportation expense, so only "temporary" transportation expenses are covered after a total theft of a covered vehicle.

Supplementary Payments have been corrected to read "suits against the insured," thus clarifying that the insured, not the suit, is covered. Similar wording is changed in Duties In the Event Of Accident, Claims, Suit or Loss. The maximum daily payment for loss of earnings by the insured has been increased to $250 per day. The limit for bail bonds has been raised to $2,000.

Who Is An Insured has been amended to include limited liability companies (LLC).

Symbol 30 of the Garage coverage form has been amended to use the same definition of "a customer's auto" that is in Garagekeepers Coverage Form-CA 99 37. The excess coverage option is amended to clarify that the Direct Coverage Options are not mutually exclusive of the underlying legal liability coverage. Coverage may apply even when the insured is not legally liable.

In Exclusion #4, Employee Indemnification and Employer's Liability and Exclusion #5-Fellow Employee, a definition has been added for "domestic employee."

Under Physical Damage Exclusions, radar or other such equipment has been revised to also exclude any jamming devices.

In the Garage Coverage Form-CA 00 05, the physical damage exclusion to an auto dealership now states that there is no coverage for the loss of market value or resale value.

In the condition for Duties In The Event of Accident, Claim, Suit Or Loss, language is strengthened to clarify that the insurer has no obligation until the insured has complied with all duties.

Three new definitions have been added for "Employee;" "Leased Worker" and "Temporary Worker."

The following new endorsements are added:

CA 20 47-Additional Insured - Lessor of Leased Equipment; CA 20 48-Designated Insured; CA 20 49Additional Insured - Garages - Grantor of Franchise; CA 23 24-Agricultural Produce Trailers - Seasonal; and CA 23 25-Coverage For Injury To Leased Workers.

Revisions have been made to endorsements as follows:

CA 02 40-Suspension of Insurance: A blank line for insurers to insert a coverage not listed has been added if that coverage may be suspended by that particular state's law. UIM may now apply either in combination with UM or stand-alone. Three other endorsements also are amended accordingly: CA 20 15-Mobile Equipment; CA 20 21-Snowmobiles; and CA 20 27-Registration Plates Not Issued For A Specific Auto.

CA 20 19-Repossessed Autos: Space has been added to show a limit for unlisted locations.

CA 23 17-Truckers-Intermodal Interchange Uniform Endorsement Form UIIE-1: Various changes have been made in response to the Uniform Intermodal Interchange and Facility Access Agreement (UIIA) by the Intermodal Association of North America (IANA).

CA 25 03-False Pretense Coverage: The insured now is required only to take reasonable steps to have a warrant issued. Excluded is coverage if a bank or other drawee fails to pay. Coverage is granted for vehicles on consignment. The reference to a limit of $25,000 is replaced by the amount shown either in the schedule or in the declarations.

CA 25 14-Broadened Coverage-Garages: Has been revised to reflect the recent CGL change clarifying that the professional services excluded are health care services. The coverages provided by this endorsement apply only to the non-auto exposures.

CA 99 10-Drive Other Car Coverage-Broadened Coverage For Named Individuals: The mandatory $50 collision deductible has been deleted.

CA 99 28-Stated Amount Insurance: A simple revision has been made to clarify that the stated deductible applies to this endorsement.

CA 99 37-Garagekeepers Coverage and CA 99 59Garagekeepers Coverage-Customers' Sound Receiving Equipment: The excess coverage option is amended to clarify that the Direct Coverage Options are not mutually exclusive of the underlying legal liability coverage. Further, coverage may apply even when the insured is not legally liable.