State Act

Description:

The American Equity Underwriters, Inc. has captive arrangements with several admitted carriers to offer state act coverage primarily as a companion policy to risks that place their Federal Acts coverage through The American Equity Underwriters (AEU). We also entertain risks with only incidental USL&H exposure. Our state act carriers are “A” rated by A.M. Best.

Coverages:

State Act Workers’ Compensation & Employers Liability

Plans Incude:

•	First dollar coverage

•	Small deductible plans (where allowed by state)

Limits:

•

Workers’ Compensation (Coverage A)

•

Statutory

•

Employers Liability (Coverage B)

•	$1,000,000 Each Accident

•	$1,000,000 Disease Each Employee

•	$1,000,000 Disease Policy Limit

Requirements:

•	ACORD Applications

•	Experience Modifier Worksheet or other Bureau Report (if applicable)

•	Currently valued loss runs (5 years preferred)

Availability:

All states (except monopolistic)

Advantage:

•	Same TPA handling AEU and State Act losses eliminating jurisdictional issues

•	Competitive rates

•	Exceptional underwriting, claims handling and loss control services

•	All premium sizes considered