ISO form and endorsement changes
Commercial Auto-Endorsement CA 21 55 04 00 California Uninsured Motorists Coverage Property Damage has been revised to provide an exception under Exclusions 2 (property contained in the covered auto) for the replacement of a child passenger restraint system (with one meeting federal standards) that was in use by the child in an accident.
Commercial Auto-Endorsement CA 22 10 07 00 Florida Personal Injury Protection has been revised for all policies effective on or after July 1, 2000. This change is in response to Florida Statute Section 627.739, Personal Injury Protection (PIP); Optional Limitations; Deductibles (former House Bill 295). The change eliminates the schedule item “Coverage reduced by military benefits for ‘named’ insured…” and removes paragraph D. Limits of Insurance 5. This option to coordinate personal injury benefits with military benefits will no longer be available.
The act survived constitutional tests and a number of changes have already taken effect. This particular change addresses the economic-only uninsured motorists coverage. Introduced for all policies effective on or after March 1, 2000, are the PP 14 05 02 00 Economic Loss Uninsured Motorists Coverage-Louisiana and PP 14 06 04 99 Split Economic Loss Uninsured Motorists Limits– Louisiana. The intent of the new endorsements is to provide coverage only for economic losses such as medical, work loss and funeral expenses. The endorsements specifically exclude non-economic losses such as pain, suffering, inconvenience and mental anguish. The split limit form changes coverage from a single limit-each accident to each person and each accident.
Item J Duties in the Event of Loss or Damage, lists specific items to be included in a signed proof of loss and requires that proof of loss be sent to the insurer within 60 days of request.
In Item K Mortgageholders, mortgagees will now be notified when policy changes are made that result in substantial reductions in coverage on the mortgaged property (substantial is not defined).
Item M subsection B Ordinance or law, paragraph b. has been changed to pay for compliance for the whole building in both a total and constructive total loss. The added word is total.
Under Conditions, Notice, the time period for filing a written report of an accident was reduced from 90 to 30 days.
In CA 22 48 only the words “and on or after December 1, 1977″ have been eliminated from the last sentence in Section 1, Mandatory Personal Injury Protection.
Under Conditions, Proof of Claim: Medical, Work Loss, and Other Necessary Expenses, the time period required to submit a proof of claim for health services complaint was reduced from 180 days to 45 days. In the same section (b), an insured may be reasonably required to submit to an examination under oath.