Program News

Commercial Lines

Businessowners Available in New York
Due to differences in New York regulations, the coverages and conditions in the Businessowners programs are not identical to those filed in other states, and should therefore be carefully reviewed. The main BOP policies have various New York specific conditions and modifications built into the forms.

BOP Revision Introduced
MSO has introduced a 2007 edition of the BOP. Included in the program are “BU” versions of the various MCP / MCL / MCM forms that have previously been available for use with the program. Using a “BU” number clearly shows that the endorsement may be used for the BOP. We added references and rules for all forms that may be used with the BOP. We also introduced new versions of the main policy forms, incorporating exclusions and conditions that were previously separate endorsements. These include fungi / mold, silica and virus exclusions. Changes include removing manual references to endorsements that are now built in. Other changes include adding swimming pools to the water damage exclusion, and clarification of the computer hacking, electrical and product recall exclusions.

Commercial Programs Updated
MSO has developed new versions of the Commercial Property, Commercial Liability, House of Worship and Special Contractors forms. As was done with the BOP, we incorporated provisions that were previously separate endorsements, such as exclusions for fungi / mold, silica and viruses. We revised the manuals to remove references to endorsements that are now built into the coverage forms.

MSO staff is available to assist companies in revising their company-specific manuals and forms.

Personal Lines

Personal Lines Programs Approved in Ohio
As mentioned previously, we filed the MSO Homeowners and Personal Inland Marine rates rules and forms in Ohio. These programs are now approved in the state.

As a reminder, companies are required to file applications, cancellation / nonrenewal notices and Declarations pages for all lines of business in Ohio. MSO staff is available to assist with these filings.