Highlights for Agents & Registered Representatives of Guardian Life Insurance Company of America.
August 1, 2020 to August 1, 2021
Continental Insurance Company of New Jersey
A.M. Best Rating of "A" (Excellent) Financial Size: XV
Agents & Registered Representatives of Park Avenue SecuritiesLimits:
$2,000,000 Each Loss
Primary Policy Aggregate is $100,000,000
$500 retention applies to (applicable to damages & defense costs):
Each Wrongful Act for claims arising from Guardian Life insurance products
$5,000 retention applies to (applicable to damages & defense costs):
Each Wrongful Act for claims arising from non‐Guardian Life insurance products, all securities and cost of correction claims involving Park Avenue Securities approved products.
This outline provides general information on your Errors and Omissions Insurance Program. It is not intended to interpret the terms of the policy or to be legal advice, but rather summarizes our understanding of the coverage provided. It is not a part of the policy, nor does it modify or serve as a conclusive statement of its terms.