The Year 2000 (Y2K) exception is an exception to coverage for losses arising from the fact that an electronic device cannot distinguish centenary years because their programs only identify years by the last two digits and operate on the assumption that the year indicated as “00” is 1900. Insurance Services Administration, Inc. (ISO), American Insurance Services Group, Inc. (AISG) and the Association of Assignors of America, Inc. (SAA) have developed various standard exclusion confirmations for property, liability and fidelity insurance. politicians. In addition, many insurers have their own exclusions.