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year 2000 (Y2K) exclusion

An exclusion of coverage for loss arising from an electronic device's inability to distinguish between century years because their programs identify years only by their last two digits and operate on the assumption that a year identified as "00" is 1900. Insurance Services Office, Inc. (ISO), American Insurance Services Group, Inc. (AISG), and the Surety Association of America, Inc. (SAA), developed various standard exclusion endorsements for attachment to property, liability, and fidelity insurance policies. In addition, many insurers have their own exclusions.


Links for IRMI Online Subscribers Only: CLI VI.G, VI.I, CPI VI.C, VI.L

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