ISO's New Policywriting Support Forms Will Help Insurers Comply with Legal and Regulatory Requirements

JERSEY CITY, N.J., Sept. 22, 2003 — A new service developed by Insurance Services Office, Inc. (ISO)helps insurers comply with state legal and insurance regulatory requirements.

ISO will begin making its new Policywriting Support Forms available to participating insurers on October 1. ISO will maintain and update these forms for regulatory and other changes, so insurers can stay current on new developments and legal requirements in specific jurisdictions where they write personal and commercial lines of insurance.

The new Policywriting Support Forms include:

  • Cancellation and nonrenewal notices and lost policy releases,
  • Motor carrier's financial responsibility forms and ID cards,
  • Certificates of insurance,
  • Uninsured Motorists/Underinsured Motorists/Personal Injury Protection (UM/UIM/PIP) selection and rejection forms,
  • Claim forms, first report of injury and loss notices,
  • Privacy notices,
  • Applications, and
  • Fraud warnings.

"With our new Policywriting Support Forms service, insurers can access a broad range of forms that will help them comply with specific legal and regulatory requirements of state insurance regulators," said Domenick J. Yezzi, Jr., ISO vice president — specialty commercial lines. "Insurers require a variety of policy-related forms to administer insurance programs, and now they have them from ISO,the source they trust for expertise in drafting standard insurance policy forms for over 18 lines of business," Yezzi added.

ISO will notify insurers of new forms and any change to coverage language by circular and make the forms available on ISOnet®, ISO's secure Internet platform for information delivery. The ISOnet Forms Library makes the forms available in both Microsoft Word and PDF formats.

For more information on, and subscriptions to, ISO Policywriting Support Forms, contact ISO Customer Service at 1-800-888-4476 or e-mail info@iso.com.

About ISO
ISO is a leading source of information, products and services related to property and liability risk. For a broad spectrum of commercial and personal lines of insurance, ISO provides data, analytical and decision-support products; consulting; data processing; and technical, statistical and actuarial services. ISO field services include on-site rating and underwriting services and the evaluation of community loss-mitigation efforts. ISO's products help customers with sales and prospecting, underwriting, rating and quoting, customer management, policy administration, product development, claims administration and fraud detection. ISO's AIR Worldwide subsidiary provides technologies to assess and manage natural and man-made extreme-event risk. Through its ISO Claims Services, Inc. (iiX unit) and Intellicorp subsidiaries, ISO provides motor vehicle reports and criminal-records information and through its AscendantOne unit delivers rating, quoting and policy-administration solutions. In the United States and around the world, ISO serves insurers, reinsurers, agents, brokers, self-insureds, risk managers, insurance regulators and other government agencies.

Release: Immediate

Contacts:
Giuseppe Barone / Erica Helton
MWW Group (for ISO)
201-507-9500
gbarone@mww.com / ehelton@mww.com