The insurance coverage
provided by the group policy underwritten by Zurich
American Insurance Company, is claims-made professional
liability coverage. It is important that you understand the
differences between certain provisions of the group policy and your
previous policy. Also, you should understand the following
provisions and terms. NOTE: THIS IS ONLY A BRIEF SUMMARY.
Coverage Trigger.
Usually, a claim is considered made when it is reported to us. But
sometimes, a claim may be considered to have been made at an earlier
time. This can happen when another claim for the same wrongful
act, personal injury offense or event has already been made, or when the
claim is reported during the extended reporting period as described
later in this disclosure statement.
Retroactive Date.
Your retroactive date is recorded on the Listing of Protected Licensees
Quarterly Report, and it is also indicated on your Nebraska Real Estate
Licensee Professional Liability Certificate Of Insurance. You do
not have coverage for wrongful acts, personal injury offense or events
that occurred before your retroactive date, even if a claim is first
made while your coverage is in effect under the group policy.
Prior Acts.
We’ll cover claims resulting from wrongful acts, personal injury
offenses or events that occurred before the effective date of the
policy, and on or after your retroactive date only if all the following
conditions are met:
-
the claim is made against
you or another insured while your coverage under the group policy is
in effect or during the limited reporting period; and
-
there is no other
insurance applying to the wrongful act, personal injury offense or
event; and
-
neither you nor the
insured involved had knowledge of the prior wrongful act, personal
injury offense or event at the effective date of your coverage under
the policy, nor any reasonable way to foresee that a claim might be
brought.
Extended Reporting Period
Endorsement.
Your coverage may end under the
group policy. If it does, you have the right to purchase an
Extended Reporting Endorsement. This endorsement extends the time
to report covered claims.
Coverage is extended to claims
made during the extended reporting period.
This extended reporting period
applies only to covered claims that result from wrongful acts, personal
injury offenses or events that occurred while your coverage under the
group policy was in effect. The claim must first be made against
you or an insured and reported to us after your coverage under the group
policy ends and while your extended reporting period is in effect.
It is important that you buy
an Extended Reporting Period Endorsement if for any reason you don’t
continue or renew your coverage under the group policy. This is
especially true if you change insurers and the new insurer:
If you don’t buy the Extended
Reporting Period Endorsement, you may be faced with a potentially
serious gap in coverage between the protection that was provided by the
old insurer and that which is afforded by the new insurer.
Your credit card authorization
shall act as a substitute for your signature as if you had executed an
original paper application and indicates that you have read and
understand this disclosure statement. If you have any questions
concerning any of the items discussed above, or any other provision of
the group policy, please contact the program administrator at the
address or telephone number listed below.
The above descriptions are a
summary only. It does not include all terms, conditions and exclusions
of the policy described. Please refer to the actual policy for complete
details of coverage and exclusions.
**Please note:
If you have knowledge of any claim or have knowledge of any error,
omission, act, circumstance, occurrence, or offense situation that may
give rise to a claim, it must be reported to your current insurance
company before your current policy period ends. Coverage is not
provided under the 2012 policy for any such known claims or known
potential claims.
** I have read the above and agree to the
terms**
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Williams Underwriting Group
A Division of
Neace Lukens
Mailing Address:
P.O. Box 1086, New Albany, IN 47151-1086
Street (overnight) Address:
2325 Green Valley Road
Suite 205, New
Albany, IN 47150
Toll Free: 800-222-4035
Phone: 812-941-4137
Fax: 812-944-8010
E-Mail:
wug@neacelukens.com
