ExamFX Errors & Omissions Insurance Program

($1M/$3M limits only. For higher limits, please choose Life and Health Agents option.)

Coverage Limits

• $1 Million per claim / $3 Million annual aggregate

Deductibles and Retentions

• $0 retention/deductible for claims arising from life, health, accident, disability insurance, and fixed and indexed annuities
• $5,000 retention/deductible for all other covered claims (e.g. variable products and mutual funds)

Pricing Information

Newly Licensed Agent Pricing includes $42.00 NAPA membership dues, a $15.00 administration fee, and a $20 marketing fee. Down payment refers to monthly payment option. Your down payment includes one month's premium, NAPA dues, administrative fees and a $5.00 monthly processing fee.

Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first of each month.

• To be eligible for newly licensed agent pricing, you must apply within two years of receiving your first original issued insurance agent license and have commission income of less than $100,000 for the 12 months prior to enrolling. Pricing shown is for Newly Licensed Agents earning less than $100,000 in net annual commissions with a coverage limit of $1,000,000 per "claim"/$3,000,000 annual aggregate.
• Down payments will be processed immediately; monthly deductions as shown above will begin the first of the month after enrollment effective date.
• At the time of enrollment, each agent will be required to make a non-refundable payment in the amount of the first month’s premium (minimum earned premium). Administrative fees, NAPA dues, and minimum earned premium are non-refundable.

Program Features

Coverage for:^*

• Regulatory Defense
• Social Media
• Network Risk & Privacy Claim
• Military Activation Coverage

More Features

• Monthly payment options
• Available in all 50 states and U.S. territories
• Includes coverage for ACA compliant health insurance products sold through the Health Insurance Marketplace
• Policy includes $25,000 for Privacy Claims subject to a $250,000 policy aggregate. See policy for details.
• A master policy annual aggregate of $50,000,000**
• Insolvency coverage on products sold from A.M. Best rated "A-" or better admitted carriers at time of sale
• Defense costs reduce the limit of liability and are subject to the retention. Punitive damages are not covered by the policy. Refer to the policy form for the definition of defense costs and punitive damages.
• Instant proof of insurance upon arrival
• Painless automatic renewal
• Provides coverage for any affiliated corporation, partnership or agency for their liability arising out of the individual insured's professional services
• Provides coverage for your administrative, clerical and support personnel while they are acting on your behalf.
• $0 Deductible/Retention for most products. See policy for details.
• Extended Reporting Period Available - see policy for details
• Peace of mind knowing you've got NAPA's E&O expertise since 1989 on your side

• This is a claims made and reported policy. Claims must be submitted as soon as practicable in writing to the insurer. Coverage only applies to claims first made during the policy period and claims must be reported during the policy period or during an extended reporting period (ERP). Prior acts are covered back to the first day of continuous E&O coverage. Please refer to the policy form for claim reporting provisions and definition of a claim, prior acts definition, and ERP details.

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*Sublimits may apply. See policy for complete coverage terms and conditions. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all provinces and may be subject to change without notice.

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**Policy aggregate limit of liability is not applicable to those agents and registered representatives who are residents of or practice in New York State.

Underwriter

One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract.

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Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. “CNA" is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the "CNA" service mark in connection with insurance underwriting and claims activities. Copyright © 2025 CNA. All rights reserved.
www.cna.com
CNA is an A.M. Best "A" (Excellent) XV rated carrier.

• This errors and omissions coverage is placed with an admitted carrier. Please reference the A.M. Best rating and disclosures link below for an explanation of admitted and non-admitted carriers.

Disclosures

All policy documents are delivered in electronic format by default.

You can manage your renewal notice delivery options by visiting "My Account" menu option at the top of the page. Refer to the policy form by clicking on the Policy button at the top of the page for more details on covered professional services and exclusions. A.M. Best rating and other disclosures.

• All policy related documents and communications are delivered in electronic format where allowable by law.
• For complete details on covered professional services and exclusions, please refer to the policy form.

Program Administrator

This E&O Insurance program is administered by NAPA. Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.

Refer to the policy form for additional definitions, terms, and conditions. Please contact us with any questions or concerns; you can also visit our Frequently Asked Questions for additional information.