COMMERCIAL LINES MANUAL DIVISION FIVE - FIRE AND ALLIED ...

[Pages:3]COMMERCIAL LINES MANUAL DIVISION FIVE - FIRE AND ALLIED LINES MIDDLESEX MUTUAL INSURANCE COMPANY EXCEPTION PAGE HOLYOKE MUTUAL INSURANCE COMPANY IN SALEM

EXCEPTION PAGE

The ISO Property rates and rules are modified as shown below. The ISO loss costs displayed in the manual pages are to be adjusted to arrive at the final rate or premium. Apply the Loss Cost Multiplier below to each loss cost prior to any other factor. The Loss Cost Multiplier does not apply to minimum premiums or to Additional or Return Premium Changes in Rules 9 and 10.

AGENCY RISK SUBMISSION REQUIREMENTS

A completed ACORD Application and any applicable Habitational Supplements. Refer to General and State manual pages for required supplemental applications. A recent picture of each property (front and rear). Loss Experience Reports for the prior three (3) years. Loss Reports must have the prior carrier's name, the date the report was produced, policy number, the term of the report and the dates and description of any loss. If no losses have occurred, the loss run should state "No Losses." Applicant must allow for an inspection prior to effective date if required by the Underwriter. If the applications submitted to us are unsigned by the Insured, the Agency must retain applications signed by the Insured in their file. These applications must be available to us upon request.

LOSS EXPERIENCE

If requested in writing by the Insured or an authorized agent, we will provide Loss Experience. This document will contain our Company name, the date the report was produced, policy number, the term of the report, and the dates and description of any loss. If no losses have occurred, the document will state "No Losses."

BROKER OF RECORD

All BOR requests must have a BOR letter signed by the insured or an authorized representative of the insured. A complete application must accompany the BOR letter. We will not recognize the BOR request without a completed application. Once received, we will notify the incumbent agent in writing. The incumbent agent will have 5 days to obtain a rescinding letter upon receipt of notification. We will allow one rescinding letter. Beyond that, we will quote for both agents based on their respective submissions. We will not accept mid-term BOR requests on in-force business. We discourage mid-term quoting however we will pursue if the midterm quote application is accompanied with a BOR letter.

COMMERCIAL ACCOUNT RESERVATIONS

We will reserve an account for an agent only if a complete submission is received. We will accept reservations 4 calendar months prior to the effective date. For example, an account with a 5/15 effective date cannot be reserved until 1/15.

MULTI-STATE

CF-E-A-1

Effective 10-01-2008 NB Effective 12-01-2008 RB

COMMERCIAL LINES MANUAL DIVISION FIVE - FIRE AND ALLIED LINES MIDDLESEX MUTUAL INSURANCE COMPANY EXCEPTION PAGE HOLYOKE MUTUAL INSURANCE COMPANY IN SALEM

EXCEPTION PAGE

The ISO Property rates and rules are modified as shown below. The ISO loss costs displayed in the manual pages are to be adjusted to arrive at the final rate or premium. Apply the Loss Cost Multiplier below to each loss cost prior to any other factor. The Loss Cost Multiplier does not apply to minimum premiums or to Additional or Return Premium Changes in Rules 9 and 10.

9. ADDITIONAL PREMIUM CHANGES

A. Calculation Of Premium Paragraph 2. is replaced with the following: If changes are made to a ratable exposure during the policy period, apply the rates and rules in effect at the beginning of the policy period. This rule applies to existing exposure changes, and to any new exposures added after the beginning of the policy period, except for any rules specifically written to apply otherwise for reasons such as statutory or regulatory compliance. The additional premium developed is in addition to any applicable policy writing minimum premium.

B. Waiver of Premium Delete additional premium waiver.

10. RETURN PREMIUM CHANGES

B. Waiver Of Premium Delete return premium waiver.

38. BUILDING AND PERSONAL PROPERTY COVERAGE OPTIONS

The following is added to rule 38:

EQUIPMENT BREAKDOWN COVERAGE - ACP 10 01 EQUIPMENT BREAKDOWN ENDORSEMENT ? 129-790h in Massachusetts

A. Description of Coverage Coverage is included in every Property Policy for direct loss of or damage to covered property, at the described premises, caused by or resulting from a mechanical breakdown or electrical failure of mechanical or electrical equipment, machinery, or pressure vessels and related equipment. Coverage applies up to the policy limits applicable to covered property. Premium for this exposure is included in the base policy loss costs and/or Loss Cost Multiplier. No separate premium calculation is required.

MULTI-STATE

CF-E-1

Effective 10-01-2008 NB Effective 12-01-2008 RB

COMMERCIAL LINES MANUAL DIVISION FIVE - FIRE AND ALLIED LINES MIDDLESEX MUTUAL INSURANCE COMPANY EXCEPTION PAGE HOLYOKE MUTUAL INSURANCE COMPANY IN SALEM

EXCEPTION PAGE

ENHANCEMENT ENDORSEMENTS

PROPERTY COVERAGE BASIC ENHANCEMENT ENDORSEMENT, ACP 10 12

PROPERTY COVERAGE DELUXE ENHANCEMENT ENDORSEMENT, ACP 10 13

1. Description of Coverage

Coverage

Broadened Premises Description

Debris Removal Fire Department Service Charge Accounts Receivable Back-up of Sewer and Drains Ordinance or Law Coverage Computer Equipment Arson Reward Consequential Loss Loss of Business Income from Dependent Properties Newly Acquired or Constructed Property

Building Business Personal Property Personal Effects Valuable Paper and Records Outdoor Property Signs Foundations Fine Arts Money and Securities Inside the premises outside the premises

Basic Enhancement

ACP 10 12 1000 feet of the described premises 35% of the Loss $5,000 $5,000 $5,000 $5,000

$5,000

12 months Actual Loss Sustained

Deluxe Enhancement

ACP 10 13 1000 feet of the described premises 35% of the Loss $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 12 months Actual Loss Sustained

$5,000 $5,000 $5,000 $5,000 $5,000 $5,000

$500,000 $250,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000

$5,000 $2,500

$25,000 $5,000

Cause of Loss- Special Form (When Attached)

Patterns, Dies Molds and Forms Property in Transit

Business Personal Property Peak Season

$25,000 $25,000 25% of the Business Personal Property Limit

2. Endorsement

Attach Property Coverage Basic Enhancement Endorsement, ACP 10 12 to all policies unless optional Property Coverage Deluxe Enhancement Endorsement, ACP 10 13 is selected.

3. Premium Determination

Property Coverage Basic Enhancement Endorsement, ACP 10 12 - no charge

Property Coverage Deluxe Enhancement Endorsement, ACP 10 13 - flat premium charge $250. Rate Modification Factor will apply.

MULTI-STATE

CF-E-2

Effective 10-01-2008 NB Effective 12-01-2008 RB

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