ACORD 131 Instructions for Underlying Insurance Section

Instructions for Underlying Insurance for ACORD 131

UNDERLYING INSURANCE

Instructions ACORD 131 Underlying Insurance

TYPE - Under Type there are rows for...

• AUTOMOBILE LIABILITY
• GENERAL LIABILITY
• EMPLOYERS LIABILITY
• TWO BLANK ROWS FOR OTHER TYPES OF UNDERLYING INSURANCE

If you have a general liability policy you need to indicate if that underlying policy is an Occurrence or Claims Made coverage by checking the check box to the immediate left of the appropriate text.


CARRIER /  POLICY NUMBER

In the rows for which there is underlying coverage enter the carrier name and the policy number.


POLICY EFF DATE - POLICY EXP DATE

This is the underlying policy's effective and expiration date. Most carriers prefer you to enter in the MM/DD/YYYY format. EX: 12/01/2014.


LIMITS / ANNUAL RENEWAL PREMIUM . RATING MOD

Automobile Liability

Limits - The limits you will enter here will be the actual in force limits on the underlying policies. Refer to those policies for this information.

CSL EA ACC - This stands for Combined Single Limit Each Accident. If you have a CSL limit you will not have a BI or PD limit for the spaces below.

BI EA ACC - This stands for Bodily Injury Each Accident

BI EA PER - Bodily Injury Each Person

PD EA ACC - Property Damage Each Accident

Premium - CSL and BI / PD are mutually exclusive. You will enter teh Annual Renewal Premium for hte coverage which exists.

RATING MOD - enter any combined rating and / or experience modification that applies to the underlying policy. You will find this on the actual policy.

General Liability

LIMITS -None of these are mutually exclusive. You may not have all these underlying coverages, in which case you will leave that space empty or put in N/A for not applicable.

• EACH OCCURRENCE
• GENERAL AGGR - general aggregate
• PROD & COMP OPS AGGREGATE - products and completed operations general aggregate
• PERSONAL & ADV INJURY - personal and advertising injury
• DAMAGE TO RENTED PREMISES
• MEDICAL EXPENSE

ANNUAL RENEWAL PREMIUM - Enter the actual premiums from the underlying policies.

RATING MOD - enter any combined rating and / or experience modification that applies to the underlying policy. You will find this on the actual policy.

Employers Liability

EACH ACCIDENT

DISEASE EACH EMPLOYEE

DISEASE POLICY LIMIT

Enter the actual limits from the existing underlying policies.

ANNUAL RENEWAL PREMIUM - Enter the actual premiums from the underlying policies.

RATING MOD - enter any combined rating and / or experience modification that applies to the underlying policy. You will find this on the actual policy.

BLANK ROWS - enter the information for other underlying polices which will covered by the umbrella or excess policy you are writing.

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