CARRIERS WITH RESTRICTED E&O REQUIREMENTS:

This section covers information related to E&O requirements the Carrier has established with SuranceBay.  For these specific carriers SureLC has placed validation rules restricting contracts from being processed without their established settings being met:

• Corebridge/American General Life Ins Co (LIFE)
  
  • Per Case = $1,000,000 / Aggregate = $1,000,000

• Corebridge/American General Life Ins Co (ANNUITY)
  
  • Per Case = $1,000,000 / Aggregate = $1,000,000

• Corebridge/American General Life Ins Co (ANNEXUS)
  
  • Per Case = $1,000,000 / Aggregate = $1,000,000

• American National
  • Per Case = $1,000,000 / Aggregate = $1,000,000 (Excludes LOA Agents)
• American National Life Ins Co Of New York
  • Per Case = $1,000,000 / Aggregate = $1,000,000 (Excludes LOA Agents)

• Athene Annuity and Life Company  
  
  • Per Case = $1,000,000 / Aggregate = $1,000,000 (Excludes Reps under a Broker Dealer)

• Athene Annuity & Life Assurance Company of New York 
  
  • Per Case = $1,000,000 / Aggregate = $1,000,000 (Excludes Reps under a Broker Dealer)

• AuguStar Financial
  • Per Case = $1,000,000 / Aggregate = $1,000,000

• Blue Cross Blue Shield of Kansas
  
  • Per Case = $1,000,000 / Aggregate = $1,000,000

• Brighthouse (FIA)
  • Per Case = $1,000,000 / Aggregate = $1,000,000

• Equitrust Life Ins Co
  • Per Case = $500,000 / Aggregate = $500,000

• Forethought (Independent Annuity)
  • Per Case = $1,000,000 / Aggregate = $1,000,000

• GBU Financial Life
  • Per Case = $1,000,000 / Aggregate = $1,000,000

• Gerber Life Ins Co (Life)
  • Per Case = $500,000 / Aggregate = $1,000,000

• Great American
  • Per Case = $1,000,000 / Aggregate = $1,000,000 (Excludes some BD Reps)

• Lafayette Life Ins Co
  • Per Case = $1,000,000 / Aggregate = $1,000,000

• Lincoln Financial / Lincoln National
  • Per Case = $1,000,000 / Aggregate = $1,000,000 (Excludes LOA Agents)

• National Life Group (National Life or LSW) 
  • Per Case = $1,000,000 / Aggregate = $1,000,000

• North American Co For Life And Health Ins
  • Per Case = $1,000,000 / Aggregate = $1,000,000

• OneAmerica (Career Agent)
  • Per Case = $1,000,000 / Aggregate = $2,000,000

• OneAmerica (Preferred Broker)
  • Per Case = $1,000,000 / Aggregate = $1,000,000

• Plateau Ins Co
  • Per Case = $1,000,000 / Aggregate = $1,000,000 (Excludes Reps under a Broker Dealer)

• Principal Life Ins Co (NY)
  • Per Case = $1,000,000 / Aggregate = $1,000,000 (Excludes Reps under a Broker Dealer)

• Principal National Life Ins Co
  • Per Case = $1,000,000 / Aggregate = $1,000,000 (Excludes Reps under a Broker Dealer)

• Prudential (LIFE)
  • Per Case = $1,000,000 / Aggregate = $1,000,000 (Excludes LOA Agents)

• Prudential (ANNUITY)
  • Per Case = $1,000,000 / Aggregate = $1,000,000 (Excludes LOA Agents)

• Prudential (GROUP)
  • Per Case = $1,000,000 / Aggregate = $1,000,000 (Excludes LOA Agents)

• Prudential (RETIREMENT)
  • Per Case = $1,000,000 / Aggregate = $1,000,000 (Excludes LOA Agents)

• SBLI - Savings Bank Life Of Massachusetts
  • Per Case = $1,000,000 / Aggregate = $1,000,000

• Securian Life Ins Co / Minnesota Life Ins Co
  • No Per Case Limits / Aggregate = $1,000,000

• Stellar National Life Ins Co
  • Per Case = $1,000,000 / Aggregate = $1,000,000

• Symetra Life Ins Co / First Symetra National Life ins Co of NY
  • Per Case = $1,000,000 / Aggregate = $1,000,000 (Excludes LOA Agents & Reps under a Broker Dealer)

• UnitedHealthCare Ins Co - Medicare Solutions
  • Per Case = $1,000,000 / Aggregate = $1,000,000

• Corebridge/United States Life Ins Co In the City of New York (LIFE)
  
  • Per Case = $1,000,000 / Aggregate = $1,000,000

 

CARRIERS WITH REDUCED E&O REQUIREMENTS:

This section covers information related to inclusion of E&O Declaration Pages within SureLC Contracting Bundles.

• WHY ISN'T THE E&O DECLARATION PAGE INCLUDED?

Certain carriers don't require the E&O Declaration Page to be included with Contracting Paperwork submitted.  These carriers accept the representation of E&O Policy information directly on their contracting forms.

Sometimes, you may have a producer who has an E&O insurance policy for which they're covered under.  However, the E&O Declaration Page provided to the producer doesn't include the producer's name.  This can cause problems when the carrier receives the paperwork.

If the carrier is not requiring actual proof of policy but ends up receiving a copy in the bundle, they're required to complete a full due diligence on the policy information.  If the declaration page doesn't state the producer's name, but rather the company/firm the agent represents, the carrier may delay the appointment process to retrieve further details on the E&O policy.

 

• WHY ISN'T THE E&O POLICY INFORMATION INCLUDED ON CONTRACTING PAPERWORK?

SureLC only applies E&O policy information to the PDF Contracting forms when the producer's E&O insurance is in  an "Active" status.  This means, that the expiration date found within the producer's profile is later than the date with which you're processing contracting paperwork.

 

• WHICH CARRIERS DOES SURELC NOT INCLUDE THE E&O DECLARATION PAGE FOR?
  • Athene Annuity and Life Company
  • Athene Annuity & Life Assurance Company of New York
  • Fidelity & Guaranty Life Ins Co / Fidelity & Guaranty Life Ins Co of New York
  • Guarantee Trust Life Ins Co (GTL)
  • North American Co For Life And Health Ins
  • Pacific Life (PROMISE)
  • Prudential (ANNUITY)
  • Prudential (GROUP)
  • Prudential (LIFE)
  • Prudential (RETIREMENT)
  • Reliastar Life Insurance Company
  • Reliastar Life Ins Co of New York
  • Security Life Of Denver Ins Co
  • Voya Insurance and Annuity Company (VIAC)
  • Voya Retirement Insurance and Annuity Co (VRIAC)