Exclusive program for

 

Financial Horizon

 

ProtecPRO

Summary of the program

Rating

Preferential rates for Individual Agents, Sole Shareholder corporation and corporations, meaning firms of multiple advisors.

Coverage includes

Limits starting at $1M/$2M
Life, A&S, Segregated funds 
Mutual funds 
Premium starting at $460

  • La Turquoise will charge an issuance fee per policy of $25
  • No deductible
  • Limits up to $2M/$5M available
  • Special rating for Licensed Assistants Coverage for revenue not exceeding $10,000
    • Limits: $1M/$2M
    • Base rate per assistant: $275

 

Professional services covered

As per regulator requirements, the professional services description of the policy shall read: sale and advice in the categories for which a permit is held: insurance of persons, group insurance of persons, financial planning, group annuity plans, scholarship plan advisor, mutual fund advisor.

Complete Application

Complementary coverages included

At no additional cost

  • No exclusion for prior acts. However, for merger or acquisitions activities that take place mid term, each case will be assessed based on the contract of sale of the entities in question to determine whether the buying entity or selling entity is liable for the prior acts coverage.
  • Legal fees/defence costs in the event of an allegation or lawsuit will be paid in excess of the insurance limits of the policy.
  • Disciplinary Legal Costs Coverage: Reimbursement up to a maximum of $150,000 over and above policy limits, whether an agent is found guilty or not.
  • Professional Legal Guard telephone assistance.
  • D&O coverage for agents acting for outside directors or as board members for non-profit organizations: limits $250,000.
  • The aggregate will be adjusted to $5M in Manitoba where required by law.
  • Cyber third-party coverage: limits $250,000.
  • Administrators of group benefit programs for third parties: limits $250,000 (for individuals).
  • Consumer protection endorsement added for each province where required by law.
  • Fraudulent act endorsement added for each province where required by law.
  • Extended reporting period: one year or as required by law for each province.
  • Exchange-Traded Funds (ETFs) subject to additional questions and satisfactory response.
  • New sub-limits in cyber-protections for Social engineering fraud and Cyber extorsion for policies effective on or after May 1, 2022 (certain conditions applies).

Other coverages available

At additional cost

  • Exempt market products subject to additional questions and satisfactory response.
  • Corporations - Administrators of group benefit programs for third parties: limits $250,000.
  • Cyberrisk policy with higher limits and more extensive protections.