E&O Insurance for American Republic Insurance Company

Errors and Omissions Insurance Program for American Republic Insurance Company AGENTS

Apply for American Republic Insurance Company E&O Insurance Renew   Policy   Policy 01/01/2019 to 01/01/2020   E&O Renewal Reminder

Pricing Information  •   Program Eligibility  •   Program Features  •   Coverage Limits  •   Deductibles and Retentions  •   Payment Options  •   Underwriter  •   Disclosures  •   Program Administrator

E&O Program Introduction

  • 360 Coverage Pros provides an Errors & Omissions insurance program exclusively for Agents appointed with American Republic Insurance Company. Since 1990, 360 Coverage Pros has assisted thousands of agents with their E&O needs.

About This Coverage

  • This Errors & Omissions Program Is Available To:
    • Career Agents of American Republic
    • Supervising General Agents of American Republic
  • This E&O Policy renews on January 1st. All certificates of insurance issued under this policy will renew January 1st. Premiums are prorated based on chosen effective date of coverage.

Pricing Information

$1 Million per claim / $1 Million annual aggregate
Life, accident and health, disability income activities, universal life, fixed and indexed annuities, section 125, employee benefit plans, and managed health care organizations.
Effective Date Pay In Full or Down Payment w/ Monthly Payment
01/01/19 $435.00 $64.17 $39.17
02/01/19 $400.83 $64.17 $39.17
03/01/19 $366.67 $64.17 $39.17
04/01/19 $332.50 $64.17 $39.17
05/01/19 $298.33 $64.17 $39.17
06/01/19 Apply today for $264.17 $64.17 $39.17
07/01/19 $230.00 $64.17 $39.17
08/01/19 $195.83 $64.17 $39.17
09/01/19 $161.67 $64.17 $39.17
10/01/19 $127.50 $64.17 $39.17
11/01/19 $93.33 $64.17 $39.17
12/01/19 $59.17 $59.17 $0.00
   View more limit, coverage and pricing options
  • Premiums are prorated to allow for mid-policy enrollment
  • The Following Pricing and Payment Information Applies:
    • Pricing includes premium and applicable administrative fees
    • Down payment includes one month's premium, administration fees, and a $5.00 monthly processing fee
    • Monthly payments include one month's premium and $5.00 processing fee
    • Monthly payments will begin the third day of the month after the enrollment effective date
  • 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). Administrative fees and minimum earned premium are non-refundable.
  • This policy renews on January 1st of each year.

Program Eligibility

  • You must be actively contracted with American Republic Insurance Company at the time of your effective date under this policy in order to be eligible for coverage
  • You must be actively contracted with American Republic Insurance Company at the time you submit a claim under this policy in order to be eligible for coverage.
  • If you are no longer affiliated with American Republic Insurance Company during the policy period, coverage for any new business activities ceases immediately as of your termination date. You will be covered under an Extended Reporting Period beginning on the date of termination. Please see the policy for further details.

Program Features

  • Guarantee Issue – Group preferred rates
  • Coverage includes life, accident and health, disability income activities, universal life, annuities and section 125, employee benefit plans, managed health care organizations
  • Additional coverage for mutual funds and variable products available if purchased
  • Coverage includes financial planning activities in conjunction with services and products described above whether or not a separate fee is charged
  • Coverage extends to Non American Republic products and services as defined within the policy. Non American Republic claim deductibles and retentions apply. Please see the policy for further details.
  • Defense costs reduce the limit of liability and are subject to the retention. Punitive damages are not covered by the policy. Refer to the policy form for the definition of defense costs and punitive damages.
  • Provides coverage for your administrative, clerical and support personnel while they are acting on your behalf.
  • Provides coverage for any affiliated corporation, partnership or agency for their liability arising out of the individual insured's professional services
  • Instant proof of insurance
  • Automatic Extended Reporting Period of 3 years- Except New York State. See policy for details.
  • $10,000,000 policy aggregate
  • Coverage Endorsements Include:
    • Wire Transfer Claim Endorsement
    • Department of Insurance Inquiry Costs Endorsement
  • Important: This is a claims made and reported policy. Claims must be submitted as soon as practicable in writing to the insurer. Coverage only applies to claims first made during the policy period. Claims must be reported during the policy period; or, during an extended reporting period (ERP). Prior acts are covered back to the first day of continuous E&O coverage. Please refer to the policy form for claim reporting provisions and definition of a claim, prior acts definition, and ERP details.

Coverage Limits

  • $1 Million per claim / $1 Million annual aggregate
  • $1 Million per claim / $3 Million annual aggregate
  • $2 Million per claim / $2 Million annual aggregate

Deductibles and Retentions

  • $500 retention for American Republic product-related claims
  • $1,000 retention for Non American Republic claims
  • $2,500 retention for Variable & Mutual Fund products

Payment Options

  • Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the third of each month.

Underwriter

  • This errors and omissions coverage is placed with an admitted carrier. Please reference the A.M. Best rating chart and disclosures link below for an explanation of admitted and non-admitted carriers.
  • One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. “CNA" is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the "CNA" service mark in connection with insurance underwriting and claims activities. Copyright © 2019 CNA. All rights reserved.
    www.cna.com
    CNA is an A.M. Best "A" (Excellent) XV rated carrier.

Disclosures

Program Administrator

  • Gallagher Affinity
  • Refer to the policy form for additional definitions, terms, and conditions. Please contact us with any questions or concerns; you can also visit our Frequently Asked Questions for more information.
  • Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.

Errors and Omissions Insurance Program for American Republic Insurance Company AGENTS SELLING MEDICARE PRODUCTS ONLY

Apply for American Republic Insurance Company E&O Insurance Renew   Policy   Policy 01/01/2019 to 01/01/2020   E&O Renewal Reminder

Pricing Information  •   Program Eligibility  •   Program Features  •   Coverage Limits  •   Deductibles and Retentions  •   Payment Options  •   Underwriter  •   Disclosures  •   Program Administrator

E&O Program Introduction

  • 360 Coverage Pros provides an Errors & Omissions insurance program exclusively for Agents appointed with American Republic Insurance Company. Since 1990, 360 Coverage Pros has assisted thousands of agents with their E&O needs.

About This Coverage

  • This Errors & Omissions Program Is Available To:
    • Career Agents of American Republic
    • Supervising General Agents of American Republic
  • This E&O Policy renews on January 1st. All certificates of insurance issued under this policy will renew January 1st. Premiums are prorated based on chosen effective date of coverage.
  • NEW! This Errors and Omissions insurance program is designed exclusively for licensed Life & Health Agents affiliated with American Republic selling Medicare Products Only.
  • Important Coverage Notification! Please Read: Coverage under this plan option (including prior acts) will be limited to acts as a licensed Life and/or Health insurance agent selling Medicare Advantage, Medicare Supplemental, and Medicare Part D Only. Sale and Servicing of any other products will not be covered, even if you had coverage for other products on a previous E&O policy.

Pricing Information

$1 Million per claim / $1 Million annual aggregate
Medicare Only: Includes Medicare Advantage, Medicare Supplemental, and Medicare Part D Products Only. Sale and Servicing of any other products will not be covered including prior acts coverage, even if you had coverage for other products on a previous E&O policy.
Effective Date Pay In Full or Down Payment w/ Monthly Payment
01/01/19 $355.00 $57.50 $32.50
02/01/19 $327.50 $57.50 $32.50
03/01/19 $300.00 $57.50 $32.50
04/01/19 $272.50 $57.50 $32.50
05/01/19 $245.00 $57.50 $32.50
06/01/19 Apply today for $217.50 $57.50 $32.50
07/01/19 $190.00 $57.50 $32.50
08/01/19 $162.50 $57.50 $32.50
09/01/19 $135.00 $57.50 $32.50
10/01/19 $107.50 $57.50 $32.50
11/01/19 $80.00 $57.50 $32.50
12/01/19 $52.50 $52.50 $0.00
   View more limit, coverage and pricing options
  • Premiums are prorated to allow for mid-policy enrollment
  • The Following Pricing and Payment Information Applies:
    • Pricing includes premium and applicable administrative fees
    • Down payment includes one month's premium, administration fees, and a $5.00 monthly processing fee
    • Monthly payments include one month's premium and $5.00 processing fee
    • Monthly payments will begin the third day of the month after the enrollment effective date
  • 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). Administrative fees and minimum earned premium are non-refundable.
  • This policy renews on January 1st of each year.

Program Eligibility

  • You must be actively contracted with American Republic Insurance Company at the time of your effective date under this policy in order to be eligible for coverage
  • You must be actively contracted with American Republic Insurance Company at the time you submit a claim under this policy in order to be eligible for coverage.
  • If you are no longer affiliated with American Republic Insurance Company during the policy period, coverage for any new business activities ceases immediately as of your termination date. You will be covered under an Extended Reporting Period beginning on the date of termination. Please see the policy for further details.

Program Features

  • Guarantee Issue – Group preferred rates
  • Coverage includes Medicare Advantage, Medicare Supplemental and Medicare Part D products only.

    • Coverage under this plan option (including prior acts) will be limited to acts as a licensed Life and/or Health insurance agent selling Medicare Advantage, Medicare Supplemental, and Medicare Part D Only. Sale and Servicing of any other products will not be covered, even if you had coverage for other products on a previous E&O policy.

  • Defense costs reduce the limit of liability and are subject to the retention. Punitive damages are not covered by the policy. Refer to the policy form for the definition of defense costs and punitive damages.
  • Provides coverage for your administrative, clerical and support personnel while they are acting on your behalf.
  • Provides coverage for any affiliated corporation, partnership or agency for their liability arising out of the individual insured's professional services
  • Instant proof of insurance
  • Automatic Extended Reporting Period of 3 years- Except New York State. See policy for details.
  • Important: This is a claims made and reported policy. Claims must be submitted as soon as practicable in writing to the insurer. Coverage only applies to claims first made during the policy period. Claims must be reported during the policy period; or, during an extended reporting period (ERP). Prior acts are covered back to the first day of continuous E&O coverage. Please refer to the policy form for claim reporting provisions and definition of a claim, prior acts definition, and ERP details.

Coverage Limits

  • $1 Million per claim / $1 Million annual aggregate

Deductibles and Retentions

  • $0 retention each claim for Medicare Advantage & Medicare Supplemental products.

Payment Options

  • Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the third of each month.

Underwriter

  • This errors and omissions coverage is placed with an admitted carrier. Please reference the A.M. Best rating chart and disclosures link below for an explanation of admitted and non-admitted carriers.
  • One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. “CNA" is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the "CNA" service mark in connection with insurance underwriting and claims activities. Copyright © 2019 CNA. All rights reserved.
    www.cna.com
    CNA is an A.M. Best "A" (Excellent) XV rated carrier.

Disclosures

Program Administrator

  • Gallagher Affinity
  • Refer to the policy form for additional definitions, terms, and conditions. Please contact us with any questions or concerns; you can also visit our Frequently Asked Questions for more information.
  • Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.

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