Product Update

New AAIS Commercial Property Forms in Commercial Property Insurance

This release to Commercial Property Insurance addresses the new American Association of Insurance Services (AAIS) commercial property forms.

AAIS announced the filing of revised commercial property insurance forms and endorsements in January 2019. They became available for use in most jurisdictions by October 2019. The new forms have a January 2018 (01 18) edition date and a 2018 copyright date.

There are a number of differences between the 2018-edition AAIS commercial property forms and the prior (1994) 1.0 editions. This is the first major revision of the program in nearly 25 years. Some of the stated goals of the revision are to address new coverage exposures, modernize language and format for consistency with more recently updated AAIS forms (such as those in the AAIS businessowners program), and streamline policy structure, such as by incorporating the provisions of previously separate mandatory endorsements. This release also provides a new overview of the key AAIS commercial property forms that reflects the changes made in the new editions. Also included in this release are a summary of some of the most noteworthy changes in the 2018 editions and an index showing the names and form numbers for the new forms.