Contractor Classes Sample Clauses

Contractor Classes. While construction defect claims and litigation continue to arise, there are states where we think that this type of business can still be written profitably - assuming the right mix of legal atmosphere in the state and careful underwriting and monitoring.
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Contractor Classes. While construction defect claims and litigation continue to arise, there are states where we think that this type of business can still be written profitably - assuming the right mix of legal atmosphere in the state and careful underwriting and monitoring. (1) Contractor Classes - See the attached "Contracting Risks: Underwriting Guidelines", which we ask that you implement immediately. You can insert these guidelines in your Penn-America Agency Manual at either Section 3, "Classification Authority Table", or Section 10, "Underwriting Position Papers - Contracting Risks". (2) You can start writing these new classes in the surplus lines company in your state(s). (3) In California and Pennsylvania, you must write these new classes in Penn-America Insurance Company as we have no surplus lines carrier in these states. (4) In the "High Hazard" states (i.e., Arizona, California, Colorado, Nevada, Oregon, Texas, Washington, and New York - as defined in the attached Guidelines), you can write the following three classes - Fence Erection Contractors, Painting Contractors and Water Main Connection Construction. The classes available in the "Low Hazard" states are listed in the attached Guidelines. B. New Contractor Application - PA01-416 (11/01): (1) The insured must complete and sign this application for all contractor risks authorized in your state(s). (2) Please begin using this application immediately. (3) See attached application. (4) You should insert this form in numerical order in your Forms Portfolio, Section 6, "PA-Series Sample Forms". <PAGE> C. New Exclusionary Endorsement - Condominium, Townhouse, Row House or Tract Home Construction Project Exclusion - S2070 (11/01): (1) Attach to all contractor classes on a non-admitted basis. (2) Please begin using this exclusionary endorsement immediately on non-admitted business. We are commencing a filings campaign and will advise you of the approval of such filings for use on admitted business as approvals occur. This exclusion should be attached to all contractor risks no later than January 1, 2002. (3) See attached exclusion. (4) You should insert this form in numerical order in your Forms Portfolio, Section 7, "S-Series Sample Forms". III. EZ Rater - We are almost finished with the loading and publication of EZ Raters for your use in rating new and renewal business. The EZ Raters will include the new contractor classes attached to this Penn-Amerigram. You should receive your copy of the EZ Raters on or about D...
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