filed classes of inland marine are characterized by a large number of potential insureds and reasonably homogeneous loss exposures. Nonfiled classes are characterized by a relatively small number of potential insureds, diverse loss exposures, or both

Filed classes of inland marine are relatively homogeneous when it comes to potential insureds and loss exposures. This means that the policy offerings remain consistent across different categories in terms of what is eligible for coverage and the cost of the coverage. By remaining consistent these classes of insurance can be easily managed, filed and updated – hence their name. Nonfiled classes of inland marine are generally characterized by a smaller number of potential insureds, a much wider range of diverse loss exposures, or both when compared to filed classes. This means that the policy offerings are not consistent and do not follow regular filing procedures as it must be tailored to the individual or business needs.