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Life Underwriters Professional Liability Insurance

Life Underwriters' Professional Liability Insurance

Definition

Life Underwriters' Professional Liability Insurance — a specialized professional liability insurance policy patterned after the insurance agents errors and omissions (E&O) policy that provides coverage for life insurance agents and general agents. This policy provides coverage for the insured life agent's liability for negligent acts, errors, or omissions in conduct of the business as an agent for the companies designated in a schedule attached to the policy. Coverage is provided on a claims-made basis.

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