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Commercial Lines Bulletin

Revised Rates for A-Rated Risks

elokuuta 03, 2015 - ATB #006-15

Citizens is amending its base rates for Commercial Residential Multiperil (CR-M) A-rated risks, which include any building with a replacement value of more than $10 million. Commercial Residential Wind-Only risks are not affected by this base rate increase.
A-rates are not subject to the statutory 10 percent limitation on premium increases, nor are the rates for these risks subject to approval by the Office of Insurance Regulation (OIR).
The rate changes are effective:
  • September 1, 2015, for new business
  • October 1, 2015, for renewals
A-rates for CR-M will increase by the following percentages, based on the Group II territory in which the property is located and will apply to apartment, homeowner association, continuing care retirement community, and condominium association policies with Building and Contents coverage:
  Seacoast Zone 1   5.9%  
  Seacoast Zone 2   0%
  Seacoast Zone 3   6.6%
  Inland   0%
  Monroe County, excluding Key West   0%
  Key West   0%

Note: The above rate changes represent the average rate change in each territory. Individual policy rate changes may vary.

Training Resources

Seacoast Zones chart, indicating which counties are included in the zones above,
is located on the Checklists/Maps section under the Training and Reference
 tab on the Agents section of our website.

For more information regarding the A-rate quote process, refer to the A-Rated Submission eLearning module and Answer ID 2084 in Knowledge Base, Citizens’ online search tool.

Agents can access Knowledge Base two ways:

  • Click the Knowledge Base link in the upper right-hand corner of PolicyCenter. No login is necessary

To search for an answer in Knowledge Base, you can enter keywords or an Answer ID in the Search field.

Agent Bulletins are provided for historical purposes only and have not been updated to include any changes that may have been made after publication. Agents can find the latest information by reviewing the applicable underwriting manuals and by logging in, then selecting Search → Search Frequently Asked Questions