Get Fiduciary Liability Coverage Application - Rli Insurance Co

Filling out the Fiduciary Liability Coverage Application is a critical step in securing insurance coverage tailored to your organization's needs. This guide provides comprehensive, step-by-step instructions to help you complete the application confidently and accurately online.

Follow the steps to complete your application correctly.

1. Use the ‘Get Form’ button to access the Fiduciary Liability Coverage Application. This will enable you to open the form in an online editor.
2. Begin with the General Information section. Fill in the parent company name, address, state of incorporation, date established, nature of business, requested limits, and the policy period you desire.
3. Complete the Employee Benefit Plan(s) Information section by listing all plans for which coverage is sought. Note that current 5500 forms are required for coverage.
4. In the Plan Management and Oversight section, indicate if any plans are using the services of a third-party service provider, including investment managers, actuarial firms, and legal counsel. Provide specific details where applicable.
5. Answer the questions regarding ERISA compliance, including any outstanding contributions and whether plan administration is reviewed periodically.
6. In the Past Activities section, disclose whether the parent company or individuals have faced any legal actions concerning ERISA or other laws. Attach details if necessary.
7. Fill in the Insurance section to indicate if you currently hold fiduciary liability insurance and provide details about it.
8. Complete the Prior Knowledge/Representations section by declaring any known facts that could lead to future claims. It is essential to be truthful in this response.
9. Attach the required additional materials listed at the end of the application, including IRS Form 5500 and audit reports.
10. Finally, review the declaration and signature section. The plan administrator must sign and date the application to certify its accuracy.
11. After completing the application, save any changes made, and explore options to download, print, or share the completed form.

Begin your application for Fiduciary Liability Coverage online today.