Claims must be submitted as soon as practicable in writing to the insurer. This is a claims made and reported policy. This policy applies to any act, error or omission which takes place anywhere in the world, provided that the claim is made and suit is brought against the Insured in the United States of America The agent must not have had knowledge of the claim or circumstances likely to result in a claim at the effective date of coverage. The policy will only cover claims first made against the Insured and reported to the Insurer during the certificate period. This is individual E&O insurance.Ĭoverage under this program is offered on a claims made basis. Provides coverage for any corporation, partnership or other business entity that is owned or controlled by an Agent, General Agent or Registered Representative but only for the covered acts of the individual Agent, General Agent or Registered Representative. Provides coverage for your administrative, clerical and support personnel while they are acting on your behalf. Refer to the policy form for the definition of defense costs and punitive damages. Punitive damages are not covered by the policy. *Policy aggregate limit of liability is not applicable to those agents and registered representatives who are residents of or practice in New York State.ĭefense costs reduce the limit of liability and are subject to the retention. Reduced rate for newly licensed life and/or health agent that has received their state license within one year of enrollment! ($1M/$3M limit option only) Please use the rate calculator to view more pricing options.Ĭoverage available for Life, accident and health, LTC, Medicare, and managed health care organizations as well as optional coverage for annuities, mutual funds, variable annuities, variable insurance, disability, and 24-hour care Pricing shown above is for a newly licensed life and/or health agent that has received their state license within one year of enrollment.Administrative fees and minimum earned premium are non-refundable. At the time of enrollment, each agent will be required to make a non-refundable payment in the amount of the first month’s premium (minimum earned premium).Monthly payments include one month's premium and $5.00 processing fee and will begin the third day of the month after the enrollment effective date. Down payment includes one month's premium, admin fees, taxes, doc stamps and a $5.00 monthly processing fee. Pricing includes premium, applicable administrative fees, taxes and doc stamps. This is an annual policy which renews 12 months from your selected effective date. Life, accident and health, LTC, universal life, group life and group health plans,Medicare Advantage and Medicare Supplemental products, managed health care organizations Pricing Information $1 Million per claim / $3 Million annual aggregate
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |