The agent was also confused because the copyright notice at the bottom of the form mentioned “Insurance Services Office”…more on this later. Although driven by concern about electronic and Internet-related perils, these revisions also address diverse issues such as the 1995 Montrose Chemical case, construction defects, negligent supervision litigation, additional insureds, worldwide coverage, … Purchasers of this book get a free PDF download of my book “QuoteNotes: The Ultimate Quotational Reference System and Authoring Tool for Professional Speakers and Writers” endorsed by Zig Ziglar and Brian Tracy. The following discussion includes three tests you can use, though they are not perfect, as we’ll demonstrate. Once again, the agent was “tricked” by a copyright statement at the bottom of the form that mentioned “ISO Properties.” A caveat about this test…sometimes ISO will make a policy form (revised or new form) change in a particular state due, for example, to legislation, so it’s possible that a form is a state-specific ISO form with an edition date other than one listed above. This article was so helpful and will be invaluable. ISO's insurance policy forms are careful constructions that address a range of property and liability risks. Customer Service: Are You Proactive or Reactive? The last four numbers are the edition date of the form. All documents are in pdf file format. And what constitutes “equivalent”? If he’s sued, does HIS “ISO HO-3” policy cover him? Commercial Lines Insurance Forms Business Auto Business Owners Commercial Insurance Commercial General Liability Equipment Floater Section Garage And Dealers Section So, this test is certainly not foolproof. Some time ago, I received the following question from an agent: “We have done some searches of the VU [Big “I” Virtual University], but haven’t found what we are looking for. Commercial Auto/Garage/Truckers:  1987, 1990, 1992, 1993, 1997, 2001, 2006, 2010, and 2013. Here is a listing of the most commonly used AI endorsements and their edition dates: My opinion is that the only forms “equivalent to” the 2004 editions of the CG 20 10 and CG 20 27 are…the actual 2004 editions of the CG 20 10 and CG 20 37. Responsive Life-Insurance Quote Form. Some insurers use unaltered ISO forms, while others use modified versions or draft their own versions. B&M:  1986, 1991, 1995, 2001, 2007, 2008, 2011, 2013. ISO has a robust infrastructure of insurance intelligence that powers our Core Line Services. Fortunately (or so it seemed), the insurer had this form available. In this particular example, the carrier had an endorsement that appeared to meet the requirements of the construction contract. Have a sales rep contact me  |  Have customer support contact me, Privacy Notices | Conditions of Use | Cookie Preferences © 2008,  Verisk Analytics, Inc. All rights reserved.USA: 1-800-888-4476   Global: + 800 48977489, ISO Electronic Numerical Listings of Classification Codes, Updates in responses to recent state regulations, legislation, and appellate court cases, Offer a range of personal and commercial lines policies, Satisfy regulatory requirements and reduce compliance risk, Minimize errors & omissions exposure for your agents. Browse our insurance forms library. Since 1971, ISO has been a leading source of information about property/casualty insurance risk. This is not necessarily the effective date of the form since that can vary from state to state, but rather it is the publication date. In the example above, a “CG 00 01 xx xx” would be the CGL occurrence form. Hopefully, you found this background information helpful and, always remember, “RTFP!”. Again, the agent had made a statement on the ACORD 25 certificate that coverage “equivalent to” the ISO forms was provided. Insurance Services Office Inc. (ISO) — an organization that collects statistical data, promulgates rating information, develops standard policy forms, and files information with state regulators on behalf of insurance companies that purchase its services. 52 of the Greatest Things Anyone Ever Said… and Why. Bill Wilson, CPCU, ARM The very mention of ISO in this copyright notice often fools the reader into thinking it’s an ISO form but it actually means that some language from an ISO form is used in the insurer’s version. Here, agents and brokers can download or print applications, specimen policies, marketing materials and additional resources for many of Chubb's products. Forget about scanning and printing out forms. Learn how you can put it to work for your business. Email or User ID Password. The edition date is important for many reasons, which brings us to the next test…. In the case of an “ISO HO-3” policy, where the loss occurs is material when you consider that the coverage for this very common exposure is significantly different in the 1991, 2000, and 2011 editions of the ISO HO forms, as I wrote in this blog article. For example, a CG 24 xx xx xx endorsement (an ‘additional coverage’ form) is probably “good” for the named insured while a CG 21 xx xx xx endorsement (an exclusionary form) likely is not good. The Insurance Services Office (ISO) Commercial General Liability (CGL) Coverage Forms are extremely broad. The ISO vs. non-ISO issue is important because most insurance training centers on ISO forms and ISO form language has more case law interpreting it than any other single source. Often, when someone bothers to actually read the policy, the answer to the coverage question is obvious. ISO went public the following year and became a wholly-owned subsidiary of Verisk. This is the actual ISO policy form and the benchmark standard for most U.S. states. However, one of three other available ISO Coverage Forms may be more appropriate for use with certain operations. The edition date of the form does not track with ISO’s filed countrywide edition dates. The majority of the state legislatures mandate that ISO, or more specifically Verarisk, data must be used in determining insurance risk. The Solution: The ISO Standard. But everything starts with reading the policy. This illustrates why the question, “Does ‘a homeowners policy’ cover…” is pointless. It became a wholly owned subsidiary of Verisk Analytics in October 2009. To help solve this problem, the insurance industry has ISO - not the ISO most people are familiar with - This ISO is an acronym for Insurance Services Office, and thats the one we mean from now on. The ISO CGL Co… What I can tell you is that even State Farm changes its rates based on a community’s ISO rating. For example. Use Template Preview. For the vast majority of coverage forms, ISO uses a 10-digit numbering format. The form number structure does not follow ISO’s 10-digit format. ISO’s new “on hook” coverage is a somewhat niche product. If the policy form copyright notice says, “© Insurance Services Office, Inc., 20__” or “© ISO Properties, Inc., 20__,” then there is a very high chance that the form is pure ISO. As an example, here are the major types of commercial property and CGL forms as listed in John Eubank’s article: CP 01 – state-specific amendatory endorsements, CP 02 – state-specific cancellation and suspension endorsements, CP 13 – value reporting form and related endorsements, CP 14 – additional property / property not covered endorsements, CP 16 – applications, worksheets, and rating information forms, CG 02 – termination and suspension endorsements, CG 22 – special provisions for certain types of risks endorsements, CG 27 – CGL claims-made only endorsements, CG 28 – miscellaneous coverage forms and endorsements, CG 29 – miscellaneous coverage forms and endorsements. It appears that the copyright notice is incorrect on this proprietary form, something which could led an informed person to believe that there was coverage for something (in this case, canine liability) that was actually excluded. Used with permission. The renters policy did not use the ISO form number format, but he noticed that the copyright at the bottom of the pages in the form indicated that this was a pure 2011 ISO HO-4 form. HO-1 policies offer the narrowest homeowners insurancecoverage that is limited to a specific list of 11 named perils. Many insurers issue general liability policies on standard forms published by the Insurance Services Office (ISO). One reason is convenience. BOP:  1987, 1989, 1992, 1996, 1997, 1999, 2000, 2002, 2006, 2010, and 2013 (1989-1999 were property form only revisions. Whether this is a violation of ISO form licensing requirements is a matter for ISO to consider. So, job #1 is Read The Policy. The templates is clean and good looking. The Insurance Services Office (ISO) Business Auto Coverage Form is designed for general use. Insurance Forms Repository. For example, I had a question about a “CG 70 35 01 12” endorsement that the agent thought was an ISO form. “CP” would be a commercial property form, “HO” would be a homeowners form, and so forth. ISO insurance for international students is suitable for students on OPT, international students after graduation and ESL students. They insure the bodily injury liability, property damage, and personal and advertising injury liability exposures of a variety of commercial businesses, enterprises, and ventures. Keep in mind, a lot of people were looking for a writable iso insurance forms today. Quick guide on how to complete iso insurance forms online. One MUST review the specific policy form in question. According to John, the Commercial General Liability (CGL) line alone has 2,115 policy forms and endorsements (as of January 8, 2014 when he published … SellMyForms is a new e-commerce website that connects you with other entities linked to the industry. The next two numbers are the actual form number. Not true. The following two tabs change content below. An attempt is made in each As of the publication/update date at the end of this article, here are the edition dates found on most policy forms in the marketplace from ISO’s major lines of insurance: Commercial General Liability:  1955, 1966, 1973, 1985, 1988, 1993, 1996, 1998, 2001, 2004, 2007, and 2013 (1955 and 1966 pre-ISO). These documents have been added for your convenience and may be viewed, downloaded and printed at any time. The agent, innocently thinking this was a pure ISO form (right form number, right copyright notice) had placed a statement on the ACORD 25 certificate of insurance that the “ISO CG 20 10 11 85 is provided as required by contract.” This was not a true statement and, under some state COI laws, this might have been considered an illegal misrepresentation or even fraud. Lois Spinn ISO Field Coordinator Mobile: (405) 881-9098 918-295-3712 lois.spinn@oid.ok.gov I am involved in reviewing our company Insurance policies. (Of course, the “F” in “RTFP” refers to “Full” ;-). In the 1970’s and 1980’s a series of TV ads touted the quality of Memorex audio cassette tapes by challenging listeners to determine if what they were hearing was live or recorded. Read More... PP01691107: This is … Contact a sales representative today. If there is no copyright notice anywhere in the policy form that mentions ISO, then it is either a proprietary insurer form, the insurer forgot the copyright notice, or the insurer is possibly using all or part of an ISO form in violation of federal copyright law. There is no ISO copyright mention or the copyright notice says, “Includes Copyrighted material of Insurance Services Office, Inc. with its permission.”. If the policy form copyright notice says, “Includes Copyrighted material of Insurance Services Office, Inc. with its permission,” then we KNOW that it is almost certainly NOT an ISO form because of the “Includes” language. RISK MANAGEMENT: Annotated Risk Management Provisions (Focus on Texas Real Estate Forms Manual’s Retail Lease) ; Allocating Extraordinary Risk in Leases: Indemnity/Insurance/Releases and Exculpations-Condemnation As time allows we will link to the forms we have in the system. Bill@InsuranceCommentary.com, Designed by Elegant Themes | Powered by WordPress. explosion; riots and civil commotion; aircraft; vehic… ISO was formed in 1971 as an advisory and rating organization for the property/casualty insurance industry to provide statistical and actuarial services, to develop insurance programs, and to assist insurance companies in meeting state regulatory requirements. NB, Your email address will not be published. Forgot your password? For one thing, they provide a very broad basis for what the form does. Thank you for the article and the clarity with which it was presented. A causes of loss form is combined with one or more coverage forms, the commercial property conditions form, the common policy conditions form, and the declarations to make up an ISO commercial property policy. After 17 years of overseeing the “Ask an Expert” service of the IIABA Virtual University, I learned that very few agents can tell the difference between ISO and non-ISO forms. PAP:  1986, 1989, 1994, 1998, 2005, and 2018. Have you ever done an article on the use of ISO language by companies when they do endorsements that make people think the form is ISO when, in fact, it is only using some verbiage from ISO?”. This is a mobile responsive life-insurance quote form with 2 column layout. To get BOTH books at a discounted price, click the book cover or CLICK HERE. This is the Personal Auto Policy form. All other forms extend or restrict the coverages given in this form. So, what do these numbers tell us? The most common perils covered by an HO-1 form are fire and lightning, windstorms and hail, smoke and theft. First things first…one of the most frustrating types of coverage questions I’ve received over the years often goes something like, “Does ‘a CGL policy’ cover….” Or, “Does ‘a homeowners policy’ cover….” Or, “Does ‘auto insurance’ cover….” There is no such thing as “a CGL policy” when it comes to answering coverage or claim questions. Insurers that use standard forms can avoid the time and effort of drafting forms themselves. As far as what insurance companies no longer utilize ISO data there are a few with the largest being State Farm. The effective date is often the same but can be a year or more later than the edition date in the form. ISO Insurance is the manager and sole provider of ISO insurance plans to international students in many Universities. In addition to finding copies of the coverage agreement and associated forms, it entails a thorough reading of said forms. When an agent submitted a question to the service, they were told that we needed the full ISO policy form number unless it was not an ISO form, in which case we needed a copy of the proprietary form. If you're serving life-insurance program, this form serves your requirement. Required fields are marked *. As a subsidiary of a public company, ISO is no longer controlled by … The two numbers that follow the first two digits indicate the type of form. In addition, we’ll include a tutorial that provides general information about ISO’s form numbering system and the importance of the “RTFP!” Doctrine. The thing is, the majority of business owners in industry still using the form scans instead. In the insurance world, ISO stands for Insurance Services Office, Inc., a business that is the leading global provider of insurance tools and analytics. One of the premier insurance educators in America on form, coverage, and technical issues; Founder and director of the Big “I” Virtual University; Retired Assoc. Bill, Why is the edition date important? Without a doubt, the single most dreaded question I get asked – “Can you tell me if this policy covers this loss?” Invariably the question pertains to an actual loss, so it’s usually time sensitive. This is not designed for dealers or other operations using the current garagekeepers coverage form (CA 99 37). Notify me via e-mail if anyone answers my comment. Makes me glad I opted not to go to law school and instead chose an underwriting path where I get to do less onerous tasks in addition to the above. However, when we examined the form, the carrier had taken the ISO form and added additional language such as a requirement for a written contract, waiver of subrogation, primary/noncontributory wording, and coverage only for vicarious liability. More importantly, this is the first test for whether a particular form is pure ISO or not. Knowing that ISO does not have a “CG 70 xx xx xx” series of forms tells us immediately that this is not an ISO form, so we had to request a copy in order to answer the coverage question. ISO HOMEOWNERS FORMS LIST: This list provides the homeowner forms by name and number, and the states in which they apply. Iso Insurance Forms Software Business liability insurance v.1 www.businessinsuranceliability.net--business liability insurance -Public Liability Insurance forms a key part of most business insurance policies in the UK. SignNow's web-based service is specially created to simplify the organization of workflow and optimize the process of competent document management. For example: The first two digits indicate the line of insurance. Keep up the good work! John, if you need any tools for your toolbox, I’ve got a suggestion: http://www.WhenWordsCollideBook.com ! ISO was created in 1971 when several rating bureaus consolidated and formed a non-profit association of insurers. All the while the clock is ticking. Insurance Forms. ISO has evolved substantially since its inception. Policy Form Edition Dates and Why They Are Important, Insurance Presentations for High School Students and Their Families, Supreme Court Rules on Business Income Coverage for COVID-19 Claims, Government Mandates that Insurers Pay for Uncovered Claims. The second test for whether a form is ISO or not is the edition date. Keep in mind that as a caveat, while rare, ISO can introduce a new line of types of forms, so this test is not foolproof. This doesn’t happen often, but it does happen. Get a weekly digest of my most recent posts. Questions? Occasionally, new editions of these forms are released. Similarly, another construction contract required the insured’s agent to extend additional insured status under CG 20 10 07 04 and CG 20 37 07 04 endorsements “or their equivalent.” The question is, what would be equivalent to these 2004 editions of the CG 20 10 and CG 20 37? But perhaps the #1 reason why the edition date is so important is that coverages can change dramatically from one edition of the same form to the next. In addition to student health insurance ISO also offers medical insurance for international students. This is an indexed and cross-referenced compilation of my 1,500 favorite quotes and includes a section on how to use quotations in your speaking and writing. So, how do you tell the difference? By logging into ISO ClaimSearch, I agree to comply with the Terms of Use.. One question I had was, “I have a 2008 ISO HO-3 policy….” Immediately I knew that this was likely not an ISO policy because ISO had no countrywide general revision to its HO program between 2000 and 2011. Otherwise, one can only respond in hypothetical generalities which are absolutely worthless in resolving coverage disputes. A second reason has to do with risk. Keep in mind that from state to state, coverages can vary even even within the same form. Any commercial operation can use it to insure its vehicles. So, to summarize, here are three basic tests to determine if a policy form is probably NOT an ISO form: And, again, consider that there are exceptions to these rules, so caveat emptor. Includes material copyrighted by the Independent Insurance Agents & Brokers of America, 2014-2015. We must know whether it’s an ISO form or not and, even if it is, we have to know the edition date to make a coverage determination for many types of claims. The IA12.3 Record of Employment is a document intended to declare that the employee’s job was insured and the employee is entitled to apply for Unemployment Insurance Benefits upon the forcible layoff or termination from a job when the said employee is at no fault.