Level V
LEVEL V COVERAGE PROVIDES FOR THE FOLLOWING:
- Coverage applies to Life, Accident & Health Products, Medicare Advantage, Medicare Supplemental, Indexed & Fixed Annuities and Disability Income
- Annual Premium for 11/1/2021 to 11/1/2022 is $710.00- premiums are pro-rated based on requested effective date
- Liability Limit: $2,000,000 per claim and $2,000,000 total annual aggregate per agent
- Program Annual Aggregate Limit: $10,000,000
- Defense Costs are provided within the limit of liability
- Deductibles apply to Loss, including Defense Costs
- $500 per claim - Life, Accident & Health Products, Medicare Advantage, Medicare Supplemental
- $2,500 per claim - Indexed & Fixed Annuities and Disability Income Insurance
- Full Prior Acts Coverage for qualified Agents and Registered Representatives back to date of first continuous E&O coverage
- B++ or better (Admitted) and A- (non-admitted) insolvency carve back
- 12 Month Extended Reporting Period (ERP)
- Click here to download a copy of the policy (available 11/1/21)