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Did You Know-
From PIAND 07-26-2010 PROFAX:
Obama Health Plan Kills HSAs. After enactment of the new health care
bill, Health Savings Accounts (HSA) and Medical Savings Accounts (MSA)
will be history. Because the high deductible plans
will be "outlawed", any individual plan with a deductible will not meet
the "essential requirements". Two national health companies announced
they will stop offering individual medical expense health plans due to
the minimum medical loss ratio requirements contained in the new health
bill. American National Life and Standard Life and Accident discontinued
selling these plans as of June 30th. These individual plans are mostly
high-deductible, major medical-type products.
(Note-This is the reason that PIANC
asked agents to make a contribution to
PIAPAC to correct what is now going on in Washington, DC by people who
are
taking away independents agents livelihood, what are these people going
to take away next? Make a real change back to sanity in November 2010,
give to PIAPAC)
PIAPAC
Attn: Chara Bray
400 N. Washington St.
Alexandria, VA 22314
Did You Know About The 2010 ISO
BOP Changes:
1. The BP 1430-Discretionary Payroll Expense
Endorsement allows paying certain employees beyond 60 days.
2. Did you know about the change for Civil Authority that now has changed
the coverage "trigger".
3. The BP 1417-Designated Location (s) General Aggregate Limit offers a
combined limit on the location of the loss. The BP 1418 -Designated
Construction Project (s) General Aggregate Limit to designate specific
construction project(s). Don't forget BP 1419 and BP 1420 also.
4. Our old favorite, BP 0404-Hired and Non-Hired Auto Liability, now
clarifies the intent. and watch the"trigger".
5. Here it is 100 degrees and the new endorsement BP 1416 -Snowplow
Products-Completed Operations Hazard Coverage. Your client/insured have a
snow removal business and your client/insured have a parking lot and has
snow plowed and piled up and someone hits or drives into the piled up snow.
This BP 1416 removes the products and completed operations exclusion from
the BOP's liability section for an incident like this to cover the
contractor and the owner of the parking lot.
Note: The 2010 BOP revisions do narrow the gap between the BOP and the
CPP. Contact your Companies for these changes, as some Companies may not
have adopted these new ISO changes and read the endorsements to be sure that
you have the correct endorsement for coverage (s). PIANC assumes no
liability for this information and it is for informational use only.
PIANC has a
copyrighted Agency Procedures Manual for members only.
NC
Congressional Delegation addresses,
Click Here
(PDF FILE)
For those agents that use ISO Manuals, if you are a
member of PIANC, you can get a discount off your ISO Manuals
when you order from ISO. Another member benefit.
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