PL - IA 01/01/2013 Rates and Manuals - Western National Insurance ...

Western National Mutual Insurance CompanyIOWA HOMEOWNER RULESRule 3 – Policywriting Instructions3.1 Inception TimeThe policy may be issued to take effect at 12:01 A.M. standard time on the inception date.3.2 Policy Term3.2.1 AnnualRating information for annual policies is shown in this manual. Policies may not bewritten for terms of less than one year except as specified in the rules shown below.3.2.2 Less Than One YearA policy may be written for a term of less than one year in order to maintain commonanniversary dates with other policies. Refer to Company.3.3 Minimum PremiumAt the option of the company, a minimum annual premium charge can apply to each policy.Refer to the Company for the applicable minimum charge.3.4 EndorsementsInformation called for as entries on endorsements can instead be shown on the declarations ora supplemental schedule.3.5 Additional InterestsA homeowners policy can be endorsed to cover the interests of co-owners, executors,administrators, trustees, or beneficiaries in the insured premises or the interests of otherresidents of the insured premises.3.5.1 Interests In Coverages A & B and Premises Liability – Forms 2, 3, 5, and 6A policy can be endorsed at no additional premium charge to cover the insurableinterests of others in the covered property and their liability arising out of the insuredpremises.Attach Endorsement ML-41 and make entries to show the location of the premises, thenames of the additional insureds, and the extent of their interests.3.5.2 Residents Of the HouseholdA policy can be endorsed to provide personal property and personal liability coverage forresidents of the named insured's household who are not related to the insured and whowould not otherwise be covered as an insured under the policy. Use the ratinginformation shown in this manual.Attach Endorsement ML-433 and make entries to show the names of the additionalinsureds.7-1-2010 IA -Rules - 7 General RulesIncludes copyrighted material with permission of American Association of Insurance Services