TLIE Regular Policy

TLIE Regular Policy

About Descriptions of Coverage

This description of coverage under the Regular Policy refers to the unendorsed P-9 policy form. Please read any quoted policy carefully before deciding if it fits your needs. Any TLIE policy may be endorsed to vary from specimen policies provided to you. Policy provisions may be added or deleted depending upon underwriting circumstances.

General Nature of the Regular Policy

The Regular Policy generally provides more comprehensive coverage than the Basic Policy. Pricing of the Regular Policy is more complex and, in most cases, higher than the Basic Policy.

Limits and Deductibles

Limits available under the Regular Policy range from $100,000 per claim and aggregate to $10,000,000 per claim and aggregate. Higher limits and excess coverage may be available under the Regular Policy as well. Deductibles available range from $1,000 to $500,000, depending on the size of limits. Deductibles apply to expenses, losses and settlements.

Special Coverages

The Regular Policy specifically covers additional damages under the Deceptive Trade Practices Act, up to $10,000 of grievance expense coverage. The Regular Policy does not exclude punitive and exemplary damages, mental anguish and emotional distress damages, or securities activities coverage.

Expense Allowance

Regular Policies of $500,000 per claim limit or less include a $50,000 expense allowance that does not decrease the limits of liability. Expenses above $50,000 are subtracted from the limit of liability. Expense allowances for Regular Policies with per claim limits of $1,000,000 or more can be purchased for additional premium.

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