Errors & Omissions Requirements
IIA of IL members who obtain their E&O coverage through Utica or Swiss Re Corporate Solutions America Insurance Corporation can qualify for credit on their E&O premium by attending the approved seminar. The seminar must be attended prior to your E&O renewal date or within 30 days after to apply to the current renewal. You must re-attend the seminar after the required time frame to keep the credit continuous.*
Swiss Re Corporate Solutions Policy Holder Attendees
Click here to view additional credits available with Swiss Re Corporate Solutions America Insurance Corporation.
Active Agency Principal, Owner, Partner, or Officer is defined as participating in daily operations of the agency; owners who are investors or have no active participation of the agency are not included.
| Agency Staff Size |
Total Attendees Required
(Minimum 3-hour seminar) |
Position in Agency |
|
1-4
|
1
|
Active Agency Principal, Owner, Partner or Officer
|
|
5-11
|
3
|
1 - Active Agency Principal, Owner, Partner or Officer
AND
Any Combination of Producers or CSR's
|
|
12+
|
25% of staff
However, no more than a max of 15 attendees.
|
1 - Active Agency Principal, Owner, Partner or Officer
AND
Any Combination of Active Agency Principal, Owner, Partner, Officer, Operations Manager, Producer, or CSR's
|
*The credit for North American Specialty Insurance Company will be applied for two consecutive policy periods.
Utica Policy Holder Attendees
Click here to view additional credits available with Utica.
- Agency Staff Size 1-3
One principal/office manager or CSR
- Agency Staff Size 4-10
Principal/office manager and 1 CSR
- Agency Staff Size 11-20
Principal/office manager and 2 CSRs
- Agency Staff Size 21 or more
20% of your staff must be in attendance
*Utica requires the seminar be attended every 24 months for credit to be continuous.