AAIS lines of business
Rate six floater coverages on one product
Bailee, mobile equipment and the other miscellaneous floaters are filed as one product with separate rating paths inside it. SelectRate keeps them separate where the filing does, so the right path rates the right risk.
What Miscellaneous Floaters covers
AAIS files a group of floater coverages together under one product. They share a form set and a set of definitions, but they do not share a rating path: a bailee floater and a mobile equipment floater are priced on different exposures.
SelectRate implements the paths as filed, mutually exclusive, with the additional coverages that belong only to mobile equipment available only there. An underwriter chooses the floater type and the correct path follows.
What SelectRate rates on this line
Everything below is rated on the filed AAIS methodology. Where the filing leaves a value to the company, it is a value your program supplies, and the worksheet names it as yours.
Six floater types
Each on the filed rating path for that coverage.
Mutually exclusive paths
A risk rates on one path. Nothing blends two filings.
Mobile equipment coverages
The additional coverages that apply to mobile equipment only, available only there.
State rule families
The range states, the fixed states and the tiered treatment.
Deductibles
Core and coverage specific deductibles as filed.
Catastrophe bands
Earthquake and flood on the filed bands where they apply.
One product, several filings underneath
Because the filed paths differ by state as well as by coverage, this is a product where a generic rating engine tends to average things quietly. SelectRate resolves the path, the state family and the effective date explicitly, and names all three in the worksheet.
Where a workbook and the authoritative filing disagreed, the filing governs. Those decisions are recorded in the configuration rather than carried in somebody’s head.
Start from the standard
Nobody should have to build a Miscellaneous Floaters program from an empty screen. Every organization on SelectRate has a Standard Miscellaneous Floaters: a governed program sitting directly on the published AAIS foundation, ready to inspect and test.
It tells you where you actually stand. Which states are in force. Which are ready to rate now. Which are waiting on a company value, and exactly which value. You run Program Test on it, and when you are ready you create your own program from it.
The Standard Program also carries ready made sample transactions. Open one, rate it, change an input and rate it again. It is the quickest way to understand how Miscellaneous Floaters behaves before you configure anything of your own.
Governed foundation
The published AAIS content for Miscellaneous Floaters, maintained by Selectsys and read only.
Standard Miscellaneous Floaters
One per organization. Inspect the states, see what is ready and what needs a company value, and run Program Test.
Your program
Created from the standard, with your company values, adoption dates and authorized deviations on top.
Configure what makes your program different
Your Miscellaneous Floaters program is the part the filing leaves to the company: the loss cost multiplier where one applies, the selections inside the bounds the filing sets, adoption dates and any deviation your carrier has authorized. The filed content underneath is not yours to change and not yours to maintain.
Configuration happens in Program Studio as a draft, and a draft is tested before it becomes real. Program Test prefills a known good Miscellaneous Floaters scenario, so the first test you run is a real one rather than a form you have to invent. Review lists exactly what a version changes against what is published, state by state, and publication is a decision a person makes.
A published version is immutable. Every quote, policy and worksheet records the version it rated with, so a premium stays reproducible after the program has moved on.
The Workbench adapts to the rating product
Underwriter Workbench does not carry a hand built screen per line. The intake comes from the rating product itself, so Miscellaneous Floaters presents the exposures it is actually written on, with the governed classifications and option lists for the state and the effective date.
Repeating exposures repeat. Referrals surface as referrals rather than as a failed request. And every premium carries its worksheet: each step, the value it used, and where that value came from, which layer and which version. That is the artifact an audit asks for, and it exists whether the rating came from the Workbench or from your own system over the Rating API.
From submission to bound policy
An underwriter enters the risk in Underwriter Workbench, rates it against every program the organization is entitled to, reads the worksheet and binds. The premium is produced by the same engine and the same configuration whether the request came from the Workbench or from your own system over the Rating API.
Rating beyond the quote is a platform capability rather than a per product rebuild, so a line gains it without changing how your integration works. Ask us where Miscellaneous Floaters stands for the program you are planning.
Common questions
How many floater coverages are supported?
Six, each on its own filed rating path inside one product.
Can a risk rate on two paths?
No. The paths are mutually exclusive, as filed. That is deliberate.
Where a workbook and the filing differ, which wins?
The filing. The difference is recorded in the configuration so anyone can see which reading the premium used.
Bring the floater you argue about
Pick the floater risk your current rater handles least well and we will rate it on the call.