Fillable PROFESSIONAL LIABILITY INSURANCE FOR AGENTS AND BROKERS RENEWAL (Risk Placement Services, Inc.)

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PROFESSIONAL LIABILITY INSURANCE FOR AGENTS AND BROKERS RENEWAL (Risk Placement Services, Inc.)

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IA-REN-APP (12/09) © 2009 X.L. America, Inc. All Rights Reserved. Page 1 of 3
IA-REN-APP-MA (03/10) May not be copied without permission.
IA-REN-APP-NY (03/11)
Greenwich Insurance Company
Indian Harbor Insurance Company
PROFESSIONAL LIABILITY INSURANCE FOR AGENTS AND BROKERS
RENEWAL APPLICATION
NOTICE
The Insurance coverage for which you are applying is written on a claims-made and reported policy form. Subject to
policy provisions, this insurance will apply only to claims that are first made against you and reported to the Company
while the policy is in force. This policy provides that the limits of liability available to pay judgments or settlements shall
be reduced by amounts incurred for legal defense. Further note that amounts incurred for legal defense shall be applied
against the deductible amount.
Please Print or Type and complete all questions.
1. Name of Agency/dba if applicable: ____________________________________________________________________
2. Has the agency’s name, principal address, telephone number, facsimile number or e-mail address changed? YES NO
(If YES, please indicate change):
________________________________________________________________________________________________
3. Over the past year, have there been any changes, additions or deletions of locations owned and under direct control of applicant’s
agency?
YES NO (If YES, provide details on separate sheet)
4. Please provide percentage of business in each area. If no change from previous application, check the box and do not include
percentages: NO CHANGE – Failure to provide details will represent “No Change”
Retail (Business sold Directly to Insureds) ________%
Wholesale (Business sold to other Agents)* ________%
MGA (Business for which you have underwriting authority* ________%
MUST TOTAL 100%
(*) indicates Supplemental Application must be completed
5. Within the last year have there been any changes in agency ownership, mergers with or purchases of other agencies or any
agency cluster arrangements?
YES NO (If YES, attach a detailed explanation).
6. In the past year, has the agency:
YES NO
a.
Placed coverage for risks involved in petroleum exploration and extraction, mineral exploration and
mining, hazardous waster operations with significant pollution exposures?
b.
Specialized in any programs or classes business?
c.
Have you placed business with any carriers/Companies that were not listed on your previous XL
Application?
If any of the above answered YES, attach a detailed explanation for each.
If NO CHANGE from previous application, check the box and do not respond to a., b., c., above
NO CHANGE
7. During the past year, has any past or present owner, officer, partner, principal, employee, member of solicitor been the subject of
complaints files and/or disciplinary action by any insurance regulatory authority?
YES NO
8. Have there been any changes during the past year to any previously reported claim?
YES NO
If YES to Question 7 or 8, please provide a detailed explanation on a separate sheet.
9. During the past year, have you become aware of any claims or any known acts, proceedings, events or developments which may
reasonably be expected to give rise to a claim.
YES NO
If YES, please complete and attach a
Claims Supplement form.
IA-REN-APP (12/09) © 2009 X.L. America, Inc. All Rights Reserved. Page 2 of 3
IA-REN-APP-MA (03/10) May not be copied without permission.
IA-REN-APP-NY (03/11)
10. Please provide:
a. Total last 12 months Gross Premiums Written $______________________________
b. Total last 12 months Gross Commission Income $______________________________
c. Total Net Retained Commission Income (Wholesale Agents Only) $______________________________
d. Total income from OTHER INSURANCE RELATED ACTIVITIES (Describe) $______________________________
11. Breakdown of agency business (Totals should equal totals presented in Question #10, above).
COMMERCIAL LINES
PREMIUM VOLUME
COMMISSION INCOME
Workers Comp.
Commercial Auto (except trucking)
Trucking (Fleet and/or Long Haul)
Commercial Multi Peril
Bonds
Professional Liability
Directors & Officers Liability
Medical Malpractice
Energy / Pollution / Environmental
Umbrella/Excess
Aviation
Wet Marine
Crop
Liquor Liability
Other (Specify)
TOTAL COMMERCIAL LINES
PERSONAL LINES
Automobile Standard
Automobile (Non Standard)
Umbrella
Property & Dwelling
Other (Specify)
TOTAL PERSONAL LINES
LIFE & HEALTH
Life
Health & Accident
Annuities & Pension
TOTAL LIFE & HEALTH
12. Does the applicant or any agency owner, officer, partner/principal, member of solicitor or employee perform any of the following
activities? If yes, attach resume, promotional material and sample contract. Coverage may be excluded under the policy
YES NO
Income
Income
Reinsurance Intermediary
$
Human Resources
$
Third Party Administrator
$
Actuarial Services
$
Claim Adjustment Services
$
Tax Advisor
$
Risk Management/Loss Control
$
Premium Finance for Agency Clients
$
Investment, Securities Advisor
$
Real Estate
$
Prepaid Legal Services
$
Other
$
IA-REN-APP (12/09) © 2009 X.L. America, Inc. All Rights Reserved. Page 3 of 3
IA-REN-APP-MA (03/10) May not be copied without permission.
IA-REN-APP-NY (03/11)
FRAUD WARNINGS
NOTICE TO ARKANSAS APPLICANTS: Any person who knowingly presents a false or fraudulent claim for payment for a loss or
benefit or knowingly presents false information in an application for insurance is guilty of a crime and may be subject to fines and
confinement in prison. NOTICE TO COLORADO APPLICANTS: It is unlawful to knowingly provide false, incomplete, or misleading
facts or information to an insurance company for the purpose of defrauding or attempting to defraud the company. Penalties may include
imprisonment, fines, denial of insurance, and civil damages. Any insurance company or agent of an insurance company who knowingly
provides false, incomplete, or misleading facts or information to a policy holder or claimant for the purpose of defrauding or attempting to
defraud the policy holder or claimant with regard to a settlement or award payable from insurance proceeds shall be reported to the
Colorado Division of Insurance within the Department of Regulatory Agencies. NOTICE TO D.C. APPLICANTS: WARNING: It is a
crime to provide false or misleading information to an insurer for the purpose of defrauding the insurer or any other person. Penalties
include imprisonment and/or fines. In addition, an insurer may deny insurance benefits if false information materially related to a claim
was provided by the applicant. NOTICE TO FLORIDA APPLICANTS: Any person who knowingly and with intent to injure, defraud, or
deceive any insurance company files a statement of claim or an application containing any false, incomplete, or misleading information
is guilty of a felony of the third degree. NOTICE TO HAWAII APPLICANTS: For your protection, Hawaii law requires you to be
informed that presenting a fraudulent claim for payment of a loss or benefit is a crime punishable by fines or imprisonment or both.
NOTICE TO KENTUCKY APPLICANTS: Any person who knowingly and with intent to defraud any insurance company or other person
files an application for insurance containing any materially false information or conceals for the purpose of misleading, information
concerning any fact material thereto commits a fraudulent insurance act, which is a crime. NOTICE TO LOUISIANA APPLICANTS:
Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or knowingly presents false information
in an application for insurance is guilty of a crime and may be subject to fines and confinement in prison. NOTICE TO MAINE
APPLICANTS: It is a crime to knowingly provide false, incomplete or misleading information to an insurance company for purposes of
defrauding the company. Penalties may include imprisonment, fines or a denial of insurance benefits. NOTICE TO MARYLAND
APPLICANTS: Any person who knowingly and willfully presents a false or fraudulent claim for payment of a loss or benefit or who
knowingly and willfully presents false information in an application for insurance is guilty of a crime and may be subject to fines and
confinement in prison. NOTICE TO NEW JERSEY APPLICANTS: Any person who includes any false or misleading information on an
application for an insurance policy is subject to criminal and civil penalties. NOTICE TO NEW MEXICO APPLICANTS: Any person
who knowingly presents a false or fraudulent claim for payment of a loss or benefit or knowingly presents false information in an
application for insurance is guilty of a crime and may be subject to civil fines and criminal penalties. NOTICE TO NEW YORK
APPLICANTS: Any person who knowingly and with intent to defraud any insurance company or other person files an application for
insurance or statement of claim containing any materially false information, or conceals for the purpose of misleading, information
concerning any fact material thereto, commits a fraudulent insurance act, which is a crime, and shall also be subject to a civil penalty not
to exceed five thousand dollars and the stated value of the claim for each violation. Fraud Language updated (02/10)
NOTICE TO OHIO APPLICANTS: Any person who, with intent to defraud or knowing that he is facilitating a fraud against an insurer,
submits an application or files a claim containing a false or deceptive statement is guilty of insurance fraud. NOTICE TO OKLAHOMA
APPLICANTS: WARNING: Any person who knowingly, and with intent to injure, defraud or deceive any insurer, makes any claim for
the proceeds of an insurance policy containing any false, incomplete or misleading information is guilty of a felony. NOTICE TO
PENNSYLVANIA APPLICANTS: Any person who knowingly and with intent to defraud any insurance company or other person files an
application for insurance or statement of claim containing any materially false information or conceals for the purpose of misleading,
information concerning any fact material thereto commits a fraudulent insurance act, which is a crime and subjects such person to
criminal and civil penalties. NOTICE TO RHODE ISLAND APPLICANTS: Any person who knowingly presents a false or fraudulent
claim for payment of a loss or benefit or knowingly presents false information in an application for insurance is guilty of a crime and may
be subject to fines and confinement in prison . NOTICE TO TENNESSEE APPLICANTS: It is a crime to knowingly provide false,
incomplete or misleading information to an insurance company for the purpose of defrauding the company. Penalties include
imprisonment, fines and denial of insurance benefits. NOTICE TO VIRGINIA APPLICANTS: It is a crime to knowingly provide false,
incomplete or misleading information to an insurance company for the purpose of defrauding the company. Penalties include
imprisonment, fines and denial of insurance benefits. NOTICE TO WASHINGTON APPLICANTS: It is a crime to knowingly provide
false, incomplete or misleading information to an insurance company for the purpose of defrauding the company. Penalties include
imprisonment, fines and denial of insurance benefits. NOTICE TO WEST VIRGINIA APPLICANTS: Any person who knowingly
presents a false or fraudulent claim for payment of a loss or benefit or knowingly presents false information in an application for
insurance is guilty of a crime and may be subject to fines and confinement in prison. NOTICE TO ALL OTHER STATE APPLICANTS:
Any person who knowingly and willfully presents false information in an application for insurance may be guilty of insurance fraud and
subject to fines and confinement in prison.
Fraud Language updated (02/10)
NOTICE TO APPLICANT – PLEASE READ CAREFULLY BEFORE SIGNING
THE APPLICANT AND AGENCY ACCEPTS NOTICE THAT ANY POLICY ISSUED WILL APPLY ON A "CLAIMS-MADE" BASIS. The
undersigned is authorized by and acting on behalf of the Applicant and represents that all statements and particulars herein are true,
complete and accurate and that there has been no suppression or misstatements of fact and agrees that this application shall be the
basis of coverage.
THE APPLICANT AND FIRM ACCEPTS NOTICE THAT THEY ARE REQUIRED TO PROVIDE WRITTEN NOTIFICATION TO THE
COMPANY OR ANY CHANGES TO THIS APPLICATION THAT MAY HAPPEN BETWEEN THE SIGNATURE DATE BELOW AND
ANY PROPOSED EFFECTIVE DATE. THE APPLICATION MUST BE SIGNED BY AN ACTIVE OWNER, PARTNER, PRINCIPAL,
OFFICER OR MEMBER OF THE APPLICANT.
Date
Signature
Printed Name Signature
Title of Person Signing the Application
SIGNING THIS FORM OR TENDERING PREMIUM WITH THIS APPLICATION DOES NOT BIND THE APPLICANT OR THE
COMPANY TO COMPLETE THE INSURANCE.
Application must be signed and dated to be considered for a quotation. A properly completed, original, signed and dated application will
allow for prompt issuance of coverage, should quotation be offered and accepted.
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Completed 23 November 2020

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