The American Association of Insurance Services (AAIS) is creating standardized forms for insurers seeking to write property coverage for equipment sales and rental operations.
AAIS, a national insurance advisory organization that develops policy forms and rating information, is adding a new class of coverage—Equipment Sales and Rental—to its “Inland Marine Guide.” The “Inland Marine Guide” is a resource of forms, rating procedures, underwriting guidelines and other information for the traditionally non-filed classes of inland marine insurance, the association says.
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