What it does
BP 18 46 adds a condition under which the insured and the insurer can each require written disclosure of third-party litigation funding agreements in a coverage dispute. The Kentucky filing summary records that the Kentucky Department of Insurance found it non-compliant there. ISO filed a matching condition for its cyber program (CY 20 84).
Filing and timing
ISO introduced this form in its 2026 Businessowners multistate endorsement filing (BP-2026-OFR26), with the 03 27 edition. Where approved, the filings carry an effective date of March 1, 2027 for new and renewal policies, so agents will see it on 2027 renewals with carriers that adopt it. State approval varies; some states rejected or replaced individual forms.
Quoting and selling notes
- Explain the disclosure duty to clients involved in coverage litigation.
- Not accepted in every state.
- Rarely affects ordinary claims.
