AAIS and ISO Personal Automobile Policy Comparison

November 28, 2016

Summary: In July 2016 the American Association of Insurance Services (AAIS) released its first standardized personal auto program. AAIS is a national insurance advisory organization that develops policy forms and rating information used by hundreds of property and casualty insurers across the industry. AAIS provides policy forms, manual rules, and rating information for dozens of other personal and commercial insurance programs and hundreds of property and liability insurers use AAIS programs. The personal auto program is the most recent program of its kind and includes many exclusions, exceptions, endorsements and coverage categories not addressed in the comparable ISO form. This article will compare and contrast the differences between the ISO auto policy program and the AAIS auto policy program.