Coverage Highlights

Highlights for Agents & Registered Representatives of Guardian Life Insurance Company of America.

 

Policy Period:

August 1, 2021 to August 1, 2022

Insurer:

Continental Insurance Company of New Jersey

A.M. Best Rating of "A" (Excellent) Financial Size: XV

Policy Limits:

Agents & Registered Representatives of Park Avenue Securities

Limits:

$2,000,000 Each Loss
$2,000,000 Aggregate Each Agent

Primary Policy Aggregate is $100,000,000
The policy level aggregate is shared by all participants.

Policy Retentions:

$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.