This filing was provided as part of The California Insurance ADVISOR

211 Pages·2017·6.66 MB·English

SERFF Tracking #: STNA-131014839 State Tracking #: 17-3130 Company Tracking #: NSIC-CA-HITECH-CMP-0417FR
State: California Filing Company: National Specialty Insurance Company
TOI/Sub-TOI: 05.0 CMP Liability and Non-Liability/05.0003 Commercial Package
Product Name: Hi-Tech Initial Filing
Project Name/Number: /NSIC-CA-CMP-0417FR
F iling at a Glance
Company: National Specialty Insurance Company
Product Name: Hi-Tech Initial Filing
State: California
TOI: 05.0 CMP Liability and Non-Liability
Sub-TOI: 05.0003 Commercial Package
Filing Type: New Program
Date Submitted: 04/26/2017
SERFF Tr Num: STNA-131014839
SERFF Status: Closed-Approved
State Tr Num: 17-3130
State Status: Approved
Co Tr Num: NSIC-CA-HITECH-CMP-0417FR
Effective Date 07/01/2017
Requested (New):
Effective Date 07/01/2017
Requested (Renewal):
Author(s): Donna Stokes
Reviewer(s): Leo Tam (primary), Neruka Okpara
Disposition Date: 12/01/2017
Disposition Status: Approved
Effective Date (New):
Effective Date (Renewal):
This filing was provided as part of
The California Insurance ADVISOR
Subscribe @ www.martincompanyus.com
or call 800-896-8000
PDF Pipeline for SERFF Tracking Number STNA-131014839 Generated 12/21/2017 08:23 AM
SERFF Tracking #: STNA-131014839 State Tracking #: 17-3130 Company Tracking #: NSIC-CA-HITECH-CMP-0417FR
State: California Filing Company: National Specialty Insurance Company
TOI/Sub-TOI: 05.0 CMP Liability and Non-Liability/05.0003 Commercial Package
Product Name: Hi-Tech Initial Filing
Project Name/Number: /NSIC-CA-CMP-0417FR
G eneral Information
Project Name: Status of Filing in Domicile: Authorized
Project Number: NSIC-CA-CMP-0417FR Domicile Status Comments:
Reference Organization: Reference Number:
Reference Title: Advisory Org. Circular:
Filing Status Changed: 12/01/2017
State Status Changed: 12/01/2017 Deemer Date: 07/04/2017
Created By: Donna Stokes Submitted By: Donna Stokes
Corresponding Filing Tracking Number: STNA-131014754

Filing Description:
National Specialty Insurance Company is authorized to write commercial lines insurance in you state. Attached is a Filing
Authorization Letter authorizing Donna Stokes to submit this filing on behalf of National Specialty Insurance Company
(hereinafter referred to as the company). This is a re-submission of STNA-130931353. Please direct all correspondence
regarding this filing to Donna.
At this time we are filing our initial filing for the Hi-Tech Program, which will insure electronic industry/precision manufacturing
entities. The companion auto filing is submitted under STNA-131014754.
The policies will be written in conjunction with the attached rate and rule manual. (NSIC-CA-Hi-Tech 0115) and include rates
based on:
Property – Our independent manual, which begins with AAIS COP base rates.
GL – ISO loss costs with our 1.485 LCM and independent manual
IM – both AAIS (EDP) and ISO (signs accts rec, valuable papers/records and misc noc) with our 1.399 LCM
The company respectfully requests that the filing be effective July 1, 2017 or the earliest effective date acceptable to the
department.
C ompany and Contact
Filing Contact Information
Donna Stokes, Compliance Analyst [email protected]
Meadowbrook Insurance 248-204-8225 [Phone]
26255 American Drive
Southfield, MI 48034
Filing Company Information
National Specialty Insurance CoCode: 22608 State of Domicile: Texas
Company Group Code: 93 Company Type: Property &
1900 L. Don Dodson Drive Group Name: State National Casualty
Bedford, TX 76021 Companies State ID Number:
[phone] ext. [Phone] FEIN Number: 75-2816775
Filing Fees
Fee Required? No
Retaliatory? No
PDF Pipeline for SERFF Tracking Number STNA-131014839 Generated 12/21/2017 08:23 AM
SERFF Tracking #: STNA-131014839 State Tracking #: 17-3130 Company Tracking #: NSIC-CA-HITECH-CMP-0417FR
State: California Filing Company: National Specialty Insurance Company
TOI/Sub-TOI: 05.0 CMP Liability and Non-Liability/05.0003 Commercial Package
Product Name: Hi-Tech Initial Filing
Project Name/Number: /NSIC-CA-CMP-0417FR
Fee Explanation:
S tate Specific
Variance Requested? (Yes/No): No
PDF Pipeline for SERFF Tracking Number STNA-131014839 Generated 12/21/2017 08:23 AM
SERFF Tracking #: STNA-131014839 State Tracking #: 17-3130 Company Tracking #: NSIC-CA-HITECH-CMP-0417FR
State: California Filing Company: National Specialty Insurance Company
TOI/Sub-TOI: 05.0 CMP Liability and Non-Liability/05.0003 Commercial Package
Product Name: Hi-Tech Initial Filing
Project Name/Number: /NSIC-CA-CMP-0417FR
C orrespondence Summary
Dispositions
Status Created By Created On Date Submitted
Approved Neruka Okpara 12/01/2017 12/01/2017
Objection Letters and Response Letters
Objection Letters Response Letters
Status Created By Created On Date Submitted Responded By Created On Date Submitted
Respond Neruka Okpara 08/04/2017 08/04/2017 Donna Stokes 11/20/2017 11/20/2017
immediately
Respond Leo Tam 06/06/2017 06/07/2017 Donna Stokes 06/13/2017 06/13/2017
immediately
Respond Leo Tam 06/06/2017 06/06/2017 Donna Stokes 06/13/2017 06/13/2017
immediately
Respond Leo Tam 05/19/2017 05/19/2017 Donna Stokes 05/23/2017 05/23/2017
immediately
Amendments
Schedule Schedule Item Name Created By Created On Date Submitted
Supporting Revised Prior Approval Rate Template Donna Stokes 06/20/2017 06/20/2017
Document
Filing Notes
Subject Note Type Created By Created On Date Submitted
Waiver of Deemer Note To Reviewer Donna Stokes 06/28/2017 06/28/2017
Waiver of Deemer Request Note To Filer Leo Tam 06/28/2017 06/28/2017
Status Note To Filer Leo Tam 06/27/2017 06/27/2017
Request for an extension Note To Reviewer Donna Stokes 06/15/2017 06/15/2017
Guidance requested Note To Reviewer Donna Stokes 06/08/2017 06/08/2017
PDF Pipeline for SERFF Tracking Number STNA-131014839 Generated 12/21/2017 08:23 AM
SERFF Tracking #: STNA-131014839 State Tracking #: 17-3130 Company Tracking #: NSIC-CA-HITECH-CMP-0417FR
State: California Filing Company: National Specialty Insurance Company
TOI/Sub-TOI: 05.0 CMP Liability and Non-Liability/05.0003 Commercial Package
Product Name: Hi-Tech Initial Filing
Project Name/Number: /NSIC-CA-CMP-0417FR
D isposition
Disposition Date: 12/01/2017
Effective Date (New):
Effective Date (Renewal):
Status: Approved
Comment:
Only the changes specifically indicated in the application set forth above, as it may have been amended, are approved. Nothing in this letter shall constitute approval of
any other application, whether incorporated by reference, or filed prior or subsequent to the application set forth above. The insurer shall begin issuing policies
pursuant to this approval within 90 days of the date of this approval, provided that the insurer is licensed in California to transact the line of insurance for which the
approval is given. The insurer may implement this approval earlier if it is able to do so. Regardless of the implementation date, the insurer shall implement this
approval with the same effective date for both new and renewal business and shall offer this product to all eligible applicants as of the implementation date. This
approval shall continue to have full force and effect until such time as a subsequent change for the referenced lines or programs may be approved or ordered by the
Insurance Commissioner.
If the approved rate change is different than originally submitted, please be reminded that you must submit copies of rate pages at the approved level within 30 days.
If any portion of the application or related documentation conflicts with California law, that portion is specifically not approved. Policy forms and underwriting guidelines
included in this filing were reviewed only insofar as they relate to rates contained in this filing or currently on file with the California Department of Insurance. This
approval does not constitute an approval of underwriting guidelines nor the specific language, coverages, terms, covenants and conditions contained in any forms, or
the forms themselves. The Commissioner may at any time take any action allowed by law if he determines that any underwriting guidelines, forms or procedures for
application of rates, or any other portions of the application conflict with any applicable laws or regulations.
Overall % Overall % Written Premium Number of Policy Written Maximum % Minimum %
Company Indicated Rate Change for Holders Affected Premium for Change Change
Name: Change: Impact: this Program: for this Program: this Program: (where req'd): (where req'd):
National Specialty % % % %
Insurance Company
Schedule Schedule Item Schedule Item Status Public Access
Supporting Document (revised) New Prior Approval Rate Application Yes
Supporting Document Filing Authorization Letter Yes
Supporting Document Underwriting Guidelines Yes
PDF Pipeline for SERFF Tracking Number STNA-131014839 Generated 12/21/2017 08:23 AM
SERFF Tracking #: STNA-131014839 State Tracking #: 17-3130 Company Tracking #: NSIC-CA-HITECH-CMP-0417FR
State: California Filing Company: National Specialty Insurance Company
TOI/Sub-TOI: 05.0 CMP Liability and Non-Liability/05.0003 Commercial Package
Product Name: Hi-Tech Initial Filing
Project Name/Number: /NSIC-CA-CMP-0417FR
Schedule Schedule Item Schedule Item Status Public Access
Supporting Document Bureau Adoption Information Yes
Supporting Document Actuarial Memorandum Yes
Supporting Document Exhibit 16 Yes
Supporting Document Loss Costs Yes
Supporting Document AAIS Yes
Supporting Document Revised Prior Approval Rate Template Yes
Supporting Document New Prior Approval Rate Application Yes
Form (revised) Commercial Lines Jacket Yes
Form Commercial Lines Jacket Yes
Form PREMIUM INSTALLMENT NOTICE Yes
Form CALIFORNIA IMPORTANT NOTICE Yes
Form IDENTITY RECOVERY COVERAGE Yes
Form POLICYHOLDER NOTICE - CALIFORNIA INSURANCE Yes
GUARANTEE ASSOCIATION (CIGA) SURCHARGE
Form COMMERCIAL LINES POLICY COMMON POLICY Yes
DECLARATIONS
Form COMMERCIAL HI-TECH PRECISION Yes
MANUFACTURING PROGRAM COMMON
DECLARATIONS
Form POLICYHOLDER DISCLOSURE NOTICE TERRORISM Yes
INSURANCE COVERAGE ELECTION - REJECTION
Form COMMERCIAL INLAND MARINE DECLARATIONS Yes
Form HI-TECH/PRECISION MANUFACTURING PROGRAM Yes
INCOME COVERAGE PART
Form HI-TECH/PRECISION MANUFACTURING PROGRAM Yes
EXTRA EXPENSE COVERAGE PART
Form HI-TECH/PRECISION MANUFACTURING PROGRAM Yes
PROPERTY COVERAGE PART
Form WELFARE AND PENSION PLAN ERISA COMPLIANCE Yes
ENDORSEMENT
Form LEGAL LIABILITY COVERAGE ENDORSEMENT Yes
Form CALIFORNIA FUNGI OR BACTERIA EXCLUSION Yes
ENDORSEMENT
Form CGL SPECIAL BROADENING ENDORSEMENT Yes
Form NON-OWNED AND HIRED AUTO LIABILITY Yes
PDF Pipeline for SERFF Tracking Number STNA-131014839 Generated 12/21/2017 08:23 AM
SERFF Tracking #: STNA-131014839 State Tracking #: 17-3130 Company Tracking #: NSIC-CA-HITECH-CMP-0417FR
State: California Filing Company: National Specialty Insurance Company
TOI/Sub-TOI: 05.0 CMP Liability and Non-Liability/05.0003 Commercial Package
Product Name: Hi-Tech Initial Filing
Project Name/Number: /NSIC-CA-CMP-0417FR
Schedule Schedule Item Schedule Item Status Public Access
Form COMMERCIAL GENERAL LIABILITY DECLARATIONS Yes
Form EMPLOYEE BENEFITS LIABILITY COVERAGE Yes
Form Commercial Lines Policy Jacket Yes
Rate (revised) NSIC-CA-HiTech 0115 Yes
Rate NSIC-CA-HiTech 0115 Yes
Rate NSIC-CA-HiTech 1117 Yes
PDF Pipeline for SERFF Tracking Number STNA-131014839 Generated 12/21/2017 08:23 AM
SERFF Tracking #: STNA-131014839 State Tracking #: 17-3130 Company Tracking #: NSIC-CA-HITECH-CMP-0417FR
State: California Filing Company: National Specialty Insurance Company
TOI/Sub-TOI: 05.0 CMP Liability and Non-Liability/05.0003 Commercial Package
Product Name: Hi-Tech Initial Filing
Project Name/Number: /NSIC-CA-CMP-0417FR
O bjection Letter
Objection Letter Status Respond immediately
Objection Letter Date 08/04/2017
Submitted Date 08/04/2017
Respond By Date
Dear Donna Stokes,
Introduction:
CMP - Liability:
The Department is not unaware that filling is a new program, and therefore data are projections. However, the Template for Hi Tech -
Liability shows highly inadequate rate based on projections. Therefore, revised projections are required. Why would National
Specialty Insurance Company write exposure with projected $918,427 earned premium but combined projected loss and DCCEs of
$1,412,170?
Conclusion:
Sincerely,
Neruka Okpara
PDF Pipeline for SERFF Tracking Number STNA-131014839 Generated 12/21/2017 08:23 AM
SERFF Tracking #: STNA-131014839 State Tracking #: 17-3130 Company Tracking #: NSIC-CA-HITECH-CMP-0417FR
State: California Filing Company: National Specialty Insurance Company
TOI/Sub-TOI: 05.0 CMP Liability and Non-Liability/05.0003 Commercial Package
Product Name: Hi-Tech Initial Filing
Project Name/Number: /NSIC-CA-CMP-0417FR
O bjection Letter
Objection Letter Status Respond immediately
Objection Letter Date 06/06/2017
Submitted Date 06/07/2017
Respond By Date 06/13/2017
Dear Donna Stokes,
Introduction:
Page 9 and Form Schedule tab
I have trouble locating policy forms (coverage part) in connection with GL, IM, property. The coverage part to which the
endorsements are attached was not provided with the filing, such as Commercial General Liability Coverage Form. I counted there
are 19 forms in the Form tab and on Page 9.
LCM Rate Template
I do not find the LCM templates linked to the proposed LCMs {1.485, 1.399, 1.404?} for GL, IM, and property respectively. Would you
please follow it up?
Thank you.
Conclusion:
Sincerely,
Leo Tam
PDF Pipeline for SERFF Tracking Number STNA-131014839 Generated 12/21/2017 08:23 AM
SERFF Tracking #: STNA-131014839 State Tracking #: 17-3130 Company Tracking #: NSIC-CA-HITECH-CMP-0417FR
State: California Filing Company: National Specialty Insurance Company
TOI/Sub-TOI: 05.0 CMP Liability and Non-Liability/05.0003 Commercial Package
Product Name: Hi-Tech Initial Filing
Project Name/Number: /NSIC-CA-CMP-0417FR
O bjection Letter
Objection Letter Status Respond immediately
Objection Letter Date 06/06/2017
Submitted Date 06/06/2017
Respond By Date 06/13/2017
Dear Donna Stokes,
Introduction:
Please clarify AAIS manual rates and rules as to whether rates or loss costs. On the bottom of Page 20, it shows that, LCM of 1.404
applies to convert the published loss costs to final charges.
You need to demonstrate company LCM via our Rate Template. I see there're three proposed LCMs in this filing.
Thank you.
Conclusion:
Sincerely,
Leo Tam
PDF Pipeline for SERFF Tracking Number STNA-131014839 Generated 12/21/2017 08:23 AM