What it does
AG 00 01 is the Agricultural Capital Assets (Output Policy) Coverage Form, filed by ISO in many states as its own program with AG-numbered endorsements, state changes and supplemental declarations. It parallels the commercial Capital Assets Program form OP 00 01 for agricultural accounts.
Who needs it
Large farms and agribusinesses, often multi-location, where carriers prefer an output-style form to the farm property coverage forms (FP 00 12, FP 00 13, FP 00 14).
Quoting and selling notes
Compare limits structure, valuation and sublimits against a traditional farm property quote. Ask for a statement of values for all locations, machinery, livestock and stored products. The edition could not be confirmed from ISO filings (the base data listed 10 12).
Before presenting it
Ask the carrier for the specimen and review covered property, causes of loss, exclusions, valuation and deductibles with the insured before relying on this summary.
Program note
AAIS also uses the AG prefix for its separate Agricultural Output program (for example AG 01 00, AG 01 28 and AAIS state amendatory endorsements numbered AG 07 xx). Those AAIS forms are not ISO forms; check the form's copyright line to tell them apart.
