Summary: In July 2017, ISO introduced its first cyber coverage forms. With the introduction of the cyber product, the ISO E-Commerce Program was renamed to the ISO Cyber Program. However, as with most new programs, ISO received a vast amount of input on the program, generating the need to make substantial changes and enhancements. Because the changes are so substantial, and with new formatting changes making the forms easier to read, ISO is introducing an entirely new Commercial Cyber Insurance Policy form (CCI), CY 00 02 11 21, and a new Information Security Protection (ISP) Cyber Policy form, CY 00 03 11 21. These forms will replace the current forms CY 00 01, CY 00 03, and CY 00 10, editions 11 18. Coinciding with these changes, the Financial Institutions Information Security Protection Cyber Policy CY 00 11 and the Media And Information Security Protection Cyber Policies CY 00 12 and CY 00 13 will be withdrawn to provide a more streamlined cyber product. The coverages contained within the withdrawn forms will be incorporated into the new ISP coverage form, and Financial Institutions may also be written on the new form CY 00 03.
Naturally, the program applications, Declarations and endorsements will be revised to follow the new forms. The anticipated effective date of these changes is 11/1/2021.
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