disciplinary proceeding expense coverage
A type of coverage found within nearly all lawyers professional liability
insurance policies that pays the expenses required to defend an insured attorney
when a state bar
association or regulatory agency brings disciplinary proceedings against him
or her. Disciplinary proceeding expense coverage is
typically subject to an annual sublimit of either $5,000 or $10,000. In addition,
expenditure of such monies reduces the policy's annual aggregate limit. However,
disciplinary proceeding expense coverage does not apply to fines, penalties,
monetary sanctions, or the return of any client fees.
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PLI XIV.C