THE CURRENT POLICY YEAR
For the current policy term, AuguStar Financial has selected AMBA to provide your E&O coverage. Continental Casualty Company, a member company of CNA Financial Corporation, is the underwriter for your E&O coverage.
Privacy Protection Endorsement — Subject to a $5,000 retention, your policy provides an aggregate limit of liability of $100,000 for the following: privacy Injury Liability, $100,000 each claim; Privacy Regulation Proceeding, $100,000 each claim; and Privacy Event Expenses, $25,000 each claim.
Wire Transfer Claim Endorsement — Your policy provides coverage regarding the transfer of client funds requested by communications received via electronic, fax, phone or written instruction. Coverage is subject to a sublimit of $150,000 per Wire Transfer Claim/$150,000 for each Insured and retention of $5,000 for each Wire Transfer Claim.
Expanded Tail Coverage — You may be eligible for a full year of tail coverage after termination of your contract with AuguStar Financial. Additionally, you may be eligible to purchase optional, unlimited tail coverage within 90 days of your contract termination date. This applies to wrongful acts committed after your prior acts date and prior to your termination with AuguStar Financial.
Costs of Corrections Coverage — Subject to the policy’s terms and conditions, you can receive coverage for mechanical, computer or human errors in processing transactions.
Outside RIA Coverage (Available to ONESCO Representatives Only) — Subject to underlying coverage requirements, coverage will be provided for Outside Registered Investment Advisor claims.
No Processing Fees — You shouldn’t have to pay for the convenience of paying by bank draft.
Expanded Payment Options — You can pay by credit card or electronic funds transfer on the website.
Amend Definition of Prior Acts Endorsement — Provides continuous prior acts coverage if the Agent’s/Representative’s AuguStar Financial contract is reinstated within 90 days for any reason other than disciplinary reasons.
Insured’s Reimbursement of Expenses Endorsement — Subject to a sub-limit of $250 per day/$2,500 aggregate per Insured. Defense costs shall include the reimbursement of travel expenses of an Agent, General Agent or Registered Representative’s attendance at trials, depositions, mediations or arbitrations in support of a covered claim.
Pre-Claim Assistance Endorsement — Subject to a sublimit of $10,000 each potential claim.
OPTIONAL, ADDITIONAL COST ENDORSEMENTS
Only Agents/Representatives holding an active contract with AuguStar Life, AuguStar Retirement or ONESCO are eligible for this E&O coverage.
Enrolling Mid-Term?
Calculate your pro-data daily E&O premium by clicking the "Daily Premium Calculator" button below.
PROFESSIONAL SERVICES INCLUDES*:
Life Agent (All Companies)
Sales and/or servicing of:
Also includes:
Life Agent Plus Mutual Funds & Variable Products (Available to ONESCO Representatives Only — Additional Premium Applies)
All of the above plus:
Life Agent Plus Financial Products (Available to ONESCO Representatives Only — Additional Premium Applies)
All of the above plus: Other securities offered through ONESCO, including, but not limited to:
*This program is underwritten by Continental Casualty Company(One of the CNA companies). Plan highlights are subject to policy terms and conditions.
We're here to help! Please contact us in whatever manner is most convenient for you.
| Address AMBA 4050 114th Street Urbandale, Iowa 50322 |
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| Mailing Address AMBA P.O. Box 850179 Minneapolis, MN 55485-0179 |
| Business Hours 8am to 5pm (CT), Monday – Friday |
| Phone 1.800.627.5538 |
| Fax 1.515.365.0494 |
| Email [email protected] |
Continental Casualty Co.,
one of the CNA companies
| Website http://www.cna.com |
The policy is a claims-made and reported policy.
| Address CNA – Claims Reporting PO Box 8317 Chicago, Illinois 60680-8317 |
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| Fax 1.866.773.7504 |
| Email [email protected] |
Your Cost
When applying during the policy term April 1, 2024 through March 31, 2025, use the calculator below to determine your pro-data premium based on the desired effective date of your coverage.
Effective Date of Coverage
Your coverage is effective per the following rules:
| Coverage Status | Effective Date Rules |
| Enrolling for the first time with no prior coverage. | Your coverage is effective as of the date you enroll in the program. |
| Replacing existing coverage | Your new coverage is effective as of the expiration date of your existing coverage, as long as you enroll in the AuguStar Financial plan prior to your expiration date. If you enroll after your expiration date, your coverage will be effective as of the date you enroll in the AuguStar program. |
Exclusions
*Other exclusions may apply.
Only Agents/Representatives holding an active contract with AuguStar Life, AuguStar Retirement or ONESCO are eligible for this E&O coverage.
| 2024-2025 AuguStar Financial E&O Brochure |
| 2024-2025 Enrollment Form |
| 2024-2025 Authorization Agreement: Bank Debit or Credit Card Payment Form |
Answers about the plan, including eligibility, options, enrollment, customer service and more.
How are Prior Acts addressed?
Coverage is on a "Claims Made and Reported" basis. Claims must be made against you and reported to CNA in writing during the Policy Period for the coverage to be triggered. "Prior Acts" coverage is provided as long as this requirement is satisfied and in addition:
Will I be covered for life and health companies I do business with outside of AuguStar Financial?
Yes, as long as the act, error or omission or Personal Injury occurred after the prior acts date. However, be aware that the deductible for outside covered products is $1,500 each claim.
Is the sale and/or servicing of property/casualty products covered?
No.
Is there coverage for losses arising out of terrorism?
No.
What if my contract with AuguStar Financial is terminated during the policy period?
Your insurance coverage ends on your contract termination date. You may be eligible for a full year of tail coverage after termination of your contract with AuguStar Life, or AuguStar Retirement or ONESCO. Additionally, you may be eligible to purchase optional, unlimited tail coverage within 90 days of your contract termination date. This applies to wrongful acts committed after your prior acts date and prior to your contract termination. To determine your eligibility for the extended reporting period and/or obtain pricing for the unlimited tail coverage, please call AMBA's service center at 1.800.627.5538, Monday-Friday, 8am-5pm (CT).
I currently have E&O coverage elsewhere. What should I do prior to my enrollment in this E&O program about incidents of which I am aware that could give rise to a claim?
Most E&O policies include an "Awareness Provision" similar to that described below. Therefore, we strongly suggest that you report any incident which you feel could give rise to an E&O claim to your current carrier. Failure to do so could leave you without coverage for such claims if it is discovered that you had knowledge of such an incident prior to your enrollment in this E&O Program.
What is a claim, and what does "Claims Made and Reported" mean?
A "Claim" is any verbal or written demand for payment or restitution, a Claim is "made" when the Insured first learns of it, a Claim is "reported" by giving written notice of it to CNA. A Claim must be "made and reported" during the Policy Period. The policy requires that written notice of claims be provided as soon as practicable during the Policy Period.
For your protection, the policy also includes an "Awareness Provision." This allows you to provide written notice of circumstances that could reasonably be expected to give rise to a claim. Then if a claim subsequently arises out of the described circumstances, it will be considered to be a claim during the Policy Period in which the written notice was received. Responsibility for such claims will rest with the carrier affording coverage during that Policy Period regardless of any future change in carrier.
How do I report a claim?
Select one of the methods below to submit a professional liability insurance claim directly to the insurance carrier, C.N.A. (Continental Casualty Company).
Email: [email protected]
Mail:
CNA - Claims Reporting
P.O. Box 8317
Chicago, IL 60680-8317
Fax: 866-773-7504
Please include the following information when reporting a new claim.
A copy of each COI back to the date the alleged claim occurred; continuity of coverage is required for claims-made E&O policies.
State “new claim” and the Master Policy number (stated on the COI) in the subject line when submitting by email.
An overall description of the claim.
Any supporting documentation.
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.
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