| Circular No. | Date of Circular | Effective Date | Subject |
| Engg/Gen-12/2004/1 | 25/3/2004 | Boiler & Pressure Plant Insurance Tariff | |
| Engg/Gen-4/2004/2 | 25/3/2004 | EAR/SCE Insurance Tariff : Test Run Definition for Thermal Power Plants | |
| Engg/Gen-4/2004/3 | 25/3/2004 | Rating of Oil/Gas Pipeline under EAR Insurance | |
| Engg/Gen-10/2004/4 | 7/5/2004 | Rating under MB Tariff : Group IV - ‘Fertiliser Plant/ Petrochemical Plants/Refineries’ | |
| Engg/Gen-10/16/2004/5 | 7/5/2004 | General Regulations under MB/EEI/CPM Tariffs -Sequence of Computation of Premium Rate | |
| Engg/Gen-16/2004/6 | 7/5/2004 |
Rating under MB Tariff : Group II - ‘Mechanical Items’ | |
| Engg/Gen-16/2004/7 | 7/5/2004 | Higher Excess scheme under EEI Tariff | |
| Engg/Gen 4/2004/8 | 16/6/2004 |
Rating of Gas Turbines/Combined Cycle Power Plants with Capacity above 200 MW |
|
| Engg/Gen-10/17/16/62/2004/9 | 20/7/2004 | General Regulations under MB/CPM/EEI & DOS (Potato) Tariffs - ‘Bonus Malus’ scheme. | |
| Engg/Gen-5/2004/10 | 20/7/2004 | Rating of Tunnels under CAR insurance Tariff |
Engg/Gen-12/2004/1 25th March, 2004
Re: Boiler & Pressure Plant Insurance Tariff
Reference is drawn to General Regulations of Boiler & Pressure Plant Insurance Tariff.
Arising out of a representation from an insurer, it is clarified that the provisions appearing under G.R.27 - 'Rules for Cancellation' of M.B. Tariff are applicable to 'Boiler & Pressure Plant Insurance' also.
Insurers are requested to take note and advise their operating offices accordingly.
Secretary
___________________________________________________________________________ Engg/Gen-4/2004/2 25th March, 2004
Re: EAR/SCE Insurance Tariff : Test Run Definition for Thermal Power Plants
Reference is drawn to the General Regulation No.27 under EAR/SCE Insurance Tariff reading as under:
'The entire Power Station machinery are deemed to have commenced their first test operation or test loading from the date of synchronisation of the Turbo Generator set with the grid system/bus bar provided the date of synchronisation is within 72 hours from the date of introduction of steam into turbine and shall continue till the Turbo Generator Set is operated at full load for a continuous period of 72 hours or until expiry of testing period granted under the policy whichever is earlier. If, however, the date of synchronisation exceeds 72 hours from the date of introduction of steam of the first trial operation test loading is deemed to have commenced from the date of introduction of steam into the turbine of the Turbo Generator set.'
Arising out of representation from an insurer, Tariff Advisory Committee has decided to charge an additional rate of Re.1.00%o per month or part thereof if the trial operation at full load is allowed to be conducted for periods in excess of 72 hours and upto 720 hrs..
Insurers are requested to take note and advise their operating offices accordingly.
Secretary
Engg/Gen-4/2004/3 25th March, 2004
Re: Rating of Oil/Gas Pipeline under EAR Insurance
Reference is drawn to "Rate Schedule" under EAR Tariff .
For easy reference, the tariff entries 'Oil/Liquid Chemical/Liquid Petroleum products Pipelines' and 'Gas pipelines' are grouped together under a single heading 'Laying of Oil & Gas Pipelines' as under:
| Risk Code | Sl
No |
Description | Rate for 1st
Month+ 1 month testing
(Rs.%o) |
Rate for 1
month or part thereof, for subsequent 10 months
(Rs.%o) |
Rate for 1
month or part thereof, for period exceeding 12 months
(Rs.%o) |
Rate for 1
month or part thereof, for testing period extension within policy
period
(Rs.%o) |
Excess per claim is 5% of claim amount subject to minimum of Rs. | |
| Normal | Testing period | |||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
| 'Laying of Oil & Gas Pipelines' | ||||||||
|
140308 |
a) | Oil/Liquid Chemical/
Liquid Petroleum products Pipelines |
3.50 |
0.15 |
0.20 |
0.50 |
100,000 |
500,000 |
|
070110 |
b) | Gas Pipe lines | 4.00 | 0.15 | 0.20 | 0.50 | 100,000 | 500,000 |
Insurers are requested to take note and advise their operating offices accordingly.
Secretary
Engg/Gen-10/2004/4 7th May, 2004.
Re: Rating under MB Tariff : Group IV - ‘Fertiliser Plant/
Petrochemical Plants/Refineries’
Based on the rating of specific case/s in the past, a tariff entry has been introduced for Ammonia Converter under Group IV - ‘Fertiliser Plant/Petrochemical Plants/Refineries’ reading as under:
|
Risk Code |
Item |
Rate (%) |
Excess |
|
401616 |
Ammonia Converter |
2.00 |
As per tariff |
Insurers are requested to take note and advise their operating offices accordingly.
Secretary
_________________________________________________________________________
Engg/Gen-10/16/17/2004/5 7th May, 2004
Re: General Regulations under MB/EEI/CPM Tariffs -
Sequence of Computation of Premium Rate
Arising out of representation from an insurer, it is clarified that the following sequence should be adopted for computation of the final rate:
|
MB/EEI policies |
CPM policy (other than EQ) |
EQ extension under CPM policy | ||
|
1 |
Basic Rate |
1 |
Basic Rate |
Basic rate * |
|
2 |
Apply claims experience discount/loading on (1) above |
2 |
Add 10% floater extra on rate as in (1) (if applicable) |
Not applicable |
|
3 |
Net rate after applying higher excess discount on (2) above |
3 |
Add 50% extra on 1/1+2 as applicable for equipment working underground |
Not applicable |
|
4 |
Apply claims experience discount/loading on 1/1+2/1+2+3/1+3 above as applicable |
As basic rate. | ||
|
5 |
Net rate after applying higher excess discount on (4) above |
Net rate after applying higher excess discount on (3) above | ||
|
N.B.: 1.The net rate shall not be less than 50% of the basic rate. * In case of Floater Policy, the basic rate shall be the rate applicable for the highest zone (E.Q.) | ||||
Insurers are requested to take note and advise their operating offices accordingly.
Secretary
_______________________________________________________________________
Engg/Gen-16/2004/6 7th May, 2004.
Re: Rating under MB Tariff : Group II - ‘Mechanical Items’
A tariff entry for ‘Electrostatic Precipitators’ under Group II - ‘Mechanical Items’ of MB tariff reading as under has been introduced.
|
Risk Code |
Item |
Rate ( % ). |
Excess |
|
205708 |
Electrostatic Precipitators |
0.60 |
As per Tariff |
Insurers are requested to take note and advise their operating offices accordingly.
Secretary
___________________________________________________________________________
Engg/Gen-16/2004/7 7th May, 2004
Re: Higher Excess scheme under EEI Tariff
It is clarified that Circular No.Engg/Gen-16/2002/21 dated 30.12.2002 would supercede the provisions of earlier Circular No.Engg/Gen-10/16/17/2001/18 dated 4th May, 2001.
Insurers are requested to take note and advise their operating offices suitably
Secretary
Engg/Gen-4/2004/8 16th June, 2004.
Re: Rating of Gas Turbines/Combined Cycle Power Plants with Capacity above 200 MW
Reference is drawn to items (iv), (v) & (vi) of tariff entry ‘Gas Turbine/Combined Cycle Power Plants’ under “Rate Schedule” of EAR Tariff. With immediate effect, these items stand replaced by the following table:
|
Gas Turbines/Combined Cycle Power Plants: (GT/CCPP) |
|||||||
|
Risk code |
Sr. No. |
Description |
Rate for 1st Month + 1 month testing (Rs. %o)
|
Rate for 1 month or part thereof, for subsequent 10 months (Rs. %o) |
Rate for 1 month or part thereof, for period exceeding 12 months (Rs. %o) |
Rate for 1 month or part thereof, for testing period extension within policy period (Rs. %o) |
Excess per claim is 5% of claim amount subject to minimum of Rs. Normal/ Testing period. |
|
073310 |
--- |
iv) Above 100 MW & upto 150 MW. |
3.75 |
0.10 |
0.10 |
0.50 |
200000/ 600000. |
|
073310 A |
-- |
v) Above 150 MW & upto 200 MW |
4.00 |
0.10 |
0.15 |
0.50 |
400000/ 1200000. |
|
073310 B |
---- |
vi) Above 200 MW & upto 300 MW |
4.50 |
0.10 |
0.15 |
0.50 |
2000000/ 6000000. |
|
073310 C |
---- |
vii) Above 300 MW & upto 500 MW |
4.50 |
0.10 |
0.15 |
0.50 |
4000000/ 12000000. |
|
073310 D |
---- |
viii) Above 500 MW |
To be referred to TAC |
||||
|
EXCESS / ENDORSEMENT- a) For a gas Turbine Powers Station the excess prescribed will apply to all items. b) For a Combined Cycle Power Plant, excess applicable for the Gas Turbine section will be the existing excesses prescribed under ‘Gas turbine/CCPP’ items. However, for Steam section, the excesses applicable will be as per tariff item (Steam Power Plant). c) For test run definition of Gas turbines in CCPP, please refer Endt. No. 108. |
|||||||
Insurers are requested to take note and advise their operating offices suitably.
Secretary GO TO INDEX
Engg/Gen-10/17/16/62/2004/9 20th July, 2004
Re: General Regulations under MB/CPM/EEI & DOS (Potato) Tariffs - ‘Bonus Malus’ scheme.
This refers to TAC’s Circular No - ENGG/GEN-4/55/2001/14 dated 4th May, 2001. The ‘Bonus-Malus’ table referred to therein stands revised as under:
BONUS/MALUS SCHEME UNDER MB, CPM, EEI & DOS POLICIES.
|
Average claims ratio in % for 5 years policy preceeding the expiring policy period |
Discount % |
Loading % |
Excess |
|
Upto 05 |
30 |
Normal |
|
|
Above 05 and upto 15 |
25 |
Normal |
|
|
Above 15 and upto 30 |
20 |
Normal |
|
|
Above 30 and upto 40 |
15 |
Normal |
|
|
Above 40 and upto 45 |
10 |
Normal |
|
|
Above 45 and upto 50 |
5 |
Normal |
|
|
Above 50 and upto 60 |
Nil |
Nil |
Normal |
|
Above 60 and upto 80 |
5 |
Normal |
|
|
Above 80 and upto 100 |
10 |
Normal |
|
|
Above 100 and upto 125 |
15 |
Normal |
|
|
Above 125 and upto 150 |
20 |
Normal |
|
|
Above 150 and upto 200 |
35 |
Normal |
|
|
Above 200 and upto 300 |
35 |
1.5 times tariff excess |
|
|
Above 300 and upto 400 |
40 |
2.0 times tariff excess |
|
|
Above 400 and upto 500 |
45 |
2.5 times tariff excess |
|
|
Above 500 and upto 1000 |
50 |
3 times tariff excess |
|
|
Above 1000 |
100 |
5 times tariff excess |
The above decision is effective from 16 th August, 2004.
Secretary
GO TO INDEX ___________________________________________________________________________
Engg/Gen-5/2004/10 20 th July, 2004
Re : Rating of Tunnels under CAR insurance Tariff
Reference is drawn to tariff entry under the heading of "Tunnels"of the Rate Schedule of CAR Tariff.
For the sake of greater clarity the above tariff entry stands modified as under with immediate effect:
|
Risk code |
Sl. No. |
Risk |
Premium Rates (%0) |
Excess - 5% of claims amount subject to Minium of Rs. |
||
|
Minium Rate up to first 3 months |
Addl. Rate per month beyond 3 months |
Normal |
AOG/Major Perils/Collapse |
|||
|
13 Tunnels and/or other civil constructions therein |
||||||
|
132167 |
i |
Below water |
10 |
0.10 |
400000 |
800000 |
|
131157 |
ii |
Others |
7 |
0.10 |
200000 |
500000 |
Insurers are requested to take note and advise their oprating offices suitably.
Secretary