• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • WCW HOME
  • Submit a Wire!
  • Advertising
  • Media Partners
  • About
  • Contact Us

WorkCompWire

Your Trusted Source for Workers Compensation News

Enlyte
  • Workers Compensation News
    • Workers Compensation Industry News
    • Association, Rating & Research News
    • Claims, Legal, & Compliance News
    • Legislative & Regulatory News
    • Risk Management News
    • Work Force & Human Resource News
  • Featured Articles
  • Leaders Speak
  • Editor’s Forum
  • People On The Move

CA Department of Insurance Approves WCIRB TRIPRA Endorsements

August 25, 2013 - WorkCompWire

San Francisco, CA – The Terrorism Risk Insurance Program Reauthorization Act of 2007 (TRIPRA) was enacted in 2007 and, in the absence of Congressional action, will expire on December 31, 2014. It is unknown at this time whether Congress will take action regarding TRIPRA.

The WCIRB submitted the Notification Endorsement of Pending Law Change to Terrorism Risk Insurance Program Reauthorization Act of 2007 (WC 00 01 14) and Notification Endorsement of Pending Law Change to Terrorism Risk Insurance Program Reauthorization Act of 2007 – California (WC 04 01 05) endorsement forms to the Insurance Commissioner for approval on behalf of its membership. These forms may be used to notify policyholders of the impending expiration of TRIPRA and that, if it expires, a premium charge for losses that may occur in the event of certain acts of terrorism may either continue to apply or change from the amount currently applied.

The difference between the forms is that WC 00 01 14 references the multi-state TRIPRA form (WC 00 04 22 A) and WC 04 01 05 references the California specific TRIPRA forms (WC 04 01 01 and WC 04 04 16). In addition, WC 04 01 05 excludes a reference to Pennsylvania law that is included in the multi-state notice. Insurers must determine which one is most appropriate for use on their policies.

The California Insurance Commissioner has approved these endorsements. Insurers may file these forms with the WCIRB and may use them after receiving the WCIRB’s notification to the Commissioner indicating that the insurer intends to use the form. These forms are advisory and insurers are not obligated to use them.

For more information, see WCIRB Bulletin 2013-15 Standard Forms – California, Notification Endorsement of Pending Law Change to Terrorism Risk Insurance Program Reauthorization Act of 2007 issued on August 14, 2013.

Filed Under: Industry News, Legislative & Regulatory News, Risk Management News, Top Stories, Workers' Compensation

Primary Sidebar

Get Our Free Newsletter:

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: WorkCompWire.com, PO Box 1114, Culver City, CA, 90232, http://www.workcompwire.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

myMatrixx

Paradigm

One Call

Triton

Follow Us on Twitter

Tweets by WorkCompWire

Workers Compensation News Topics

  • Top Stories
  • Featured Articles
  • Leaders Speak
  • Editor’s Forum
  • The RxProfessor
  • Industry News
  • Association, Rating & Research News
  • People On The Move
  • Claims, Legal, & Compliance News
  • Legislative & Regulatory News
  • Risk Management News
  • Work Force & Human Resource News
  • Workers’ Compensation

Wire Archives

Copyright WorkCompWire © 2023