Instructions for Underlying Insurance for ACORD 131
UNDERLYING INSURANCE
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| 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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