Certificate Delivery Receipt

Transcription

1 Certificate Delivery Receipt Certificate Number: Insured s Name: Owner s Name: Effective Date: Signed by Hanleigh Mnagement, Inc., Lloyd s Correspondent Graham Southall, Lead Underwriter

2 Individual Insurance Certificate This Certificate is attached to and forms part of certificate provisions (Form SLC-3 USA). This is a legal contract between the Underwriters (We, Our, or Us), and the Owner (You or Your). This Certificate is issued in consideration of the attached Schedule, Application and other attached papers and the payment of the required Premium due. WHAT THIS CERTIFICATE PROVIDES This Certificate provides Individual Disability Insurance coverage for loss due to Injury and/or Sickness. We will pay the benefits shown on the Benefit Schedule to the Beneficiary named in the Benefit Schedule after We receive satisfactory proof that the Insured has sustained a covered loss. Disability due to Sickness must result from a Sickness that manifests itself while the Certificate is in force and causes Total Disability to commence within 365 days of a covered Sickness. Disability due to Injury must result from an injury which occurs while this Certificate is in force and causes Total Disability to begin within 365 days of a covered Accident. No dividends are payable. This insurance is subject to the terms, conditions, and limitations of this Certificate. Your applicable coverage is shown on the attached Schedule. Read Your Certificate carefully. RENEWAL PROVISION This Certificate is not renewable. The Certificate is in force for the full Term for which the Premium has been paid, subject to Our limited right to terminate coverage as set forth in the provision entitled When Your Coverage Ends. 10 DAY RIGHT TO EXAMINE CERTIFICATE This Certificate can be returned for any reason within ten (10) days after You receive it. You can return the Certificate by mail or in person to Us or to the agent who sold it. We will refund any Premium paid and treat the Certificate as if it were never issued. PRE-EXISTING CONDITION LIMITATION This Certificate does not provide benefits for a loss due to a Pre-Existing Condition as defined in the Certificate unless: (1) the loss begins more than 1 year after the Effective Date Shown in the Schedule; or (2) We have underwritten and agreed to cover such condition. The Certificate is governed by the laws of the state of the Owner as listed on the schedule page. Signed by Hanleigh Management, Inc., Lloyd s Correspondent Hanleigh Management, Inc. 50 Tice Drive Suite 122 Woodcliff Lake, New Jersey Graham Southall, Lead Underwriter THIS CERTIFICATE IS NON-RENEWABLE. PLEASE READ THE CERTIFICATE CAREFULLY. LL-AH (03.09) LLOYD S Page 1 of 10

3 TABLE OF CONTENTS Page What This Certificate Provides Day Right to Examine Certificate Pre-Existing Condition Limitation Schedule When Your Coverage Begins When Your Coverage Ends Premiums Refunds Definitions Aggregate Limit Exclusions General Provisions Inserts Attached LL-AH (03.09) LLOYD S Page 2 of 10

4 SCHEDULE The data entered below is subject to the applicable Provisions of the Certificate in accordance with the Benefit Coverage provided. Certificate: Term: Premium Mode: Termination Date: Effective Date: Name of Insured: Address: City, State and Zip: Name of Owner: Address: City, State and Zip: Occupation: and Duties: Name of Beneficiary: (if other than Owner) Address: City, State and Zip: BENEFIT SCHEDULE Coverage is provided for the following benefits. If no coverage is provided, the word No will be checked, and NIL will appear in the appropriate space. Total Disability for Accident & Sickness Benefit: Yes No Monthly Benefit $ Benefit Period Elimination Period Term of Insurance Months Residual Disability Benefit: (only available if Total Disability Benefit is selected) Yes No Permanent Total Disability for Accident & Sickness Benefit: Yes No Lump Sum NIL Elimination Period NIL Term of Insurance NIL Accidental Death Benefit: Yes No Principal Sum NIL Accidental Death and Dismemberment Benefit: Yes No Principal Sum NIL Aggregate Limit: $0 Exclusions Deleted: None Pre-existing Conditions Covered: None Forms Attached at Issuance: Certificate Delivery Receipt, LL-AH (03.09), LL-LSW1135B, LL-AH-12977A, Security List, Multi Life Disability Income Insurance Enrollment Form. LL-AH (03.09) LLOYD S Page 3 of 10

5 PREMIUM SCHEDULE Premium Due Dates: Premium Payable: $ $ $ Surplus Lines : $ $ $ Stamping : $ $ $ Certificate Fee: $ $ $ Total $0.00 $0.00 $0.00 Surplus Lines Taxes to be filed by Hanleigh, Montvale, New Jersey. PREMIUM PROVISIONS The following provisions are provided for Annual and Installment premiums only. Premium must be paid on or before the Premium Due Dates shown above, and are not subject to change. Grace Period: After the first Premium is paid, We will allow a Grace Period of 31 days for the payment of each subsequent Premium amount due. During the Grace Period this Certificate will stay in force. Unpaid Premium: Upon the payment of a claim under this Certificate, any Premium due and unpaid will be deducted from such benefit payment. Waiver of Premium: In the event the Insured qualifies for benefits under this policy, any premium installments due while the Insured is disabled and receiving benefits will be waived. Furthermore, if the Insured qualifies for benefits under this policy and subsequently returns to his or her occupation, any premium installments which are due within the ninety (90) day period following the Insured s return to his or her occupation will also be waived. Any premium installments which are due after the Insured has returned to his or her occupation for ninety (90) days will be due and payable. SECURITY Security: Insurance is effective with Certain Underwriters at Lloyd s of London (See attached security allocation) Several Liability Notice (LL-LSW1001 Insurance): The subscribing insurers' obligations under contracts of insurance to which they subscribe are several and not joint and are limited solely to the extent of their individual subscriptions. The subscribing insurers are not responsible for the subscription of any co-subscribing insurer who for any reason does not satisfy all or part of its obligations. Applicable Law (USA) (LMA5021): This Insurance shall be subject to the applicable state law to be determined by the court of competent jurisdiction as determined by the provisions of the Service of Suit Clause (U.S.A.). LL-AH (03.09) LLOYD S Page 4 of 10

6 SERVICE OF SUIT (LL-NMA1998) It is agreed that in the event of the failure of the Underwriters hereon to pay any amount claimed to be due hereunder, the Underwriters hereon, at the request of the Insured (or Reinsured), will submit to the jurisdiction of a Court of competent jurisdiction within the United States. Nothing in this Clause constitutes or should be understood to constitute a waiver of Underwriters' rights to commence an action in any Court of competent jurisdiction in the United States, to remove an action to a United States District Court, or to seek a transfer of a case to another Court as permitted by the laws of the United States or of any State in the United States. It is further agreed that service of process in such suit may be made upon MENDES & MOUNT 750 Seventh Avenue New York, New York U S A And that in any suit instituted against any one of them upon this contract, Underwriters will abide by the final decision of such Court or of any Appellate Court in the event of an appeal. The above-named are authorized and directed to accept service of process on behalf of Underwriters in any such suit and/or upon the request of the Insured (or Reinsured) to give a written undertaking to the Insured (or Reinsured) that they will enter a general appearance upon Underwriters' behalf in the event such a suit shall be instituted. Further, pursuant to any statute of any state, territory or district of the United States which makes provision therefor, Underwriters hereon hereby designate the Superintendent, Commissioner or Director of Insurance or other officer specified for that purpose in the statute, or his successor or successors in office, as their true and lawful attorney upon whom may be served any lawful process in any action, suit or proceeding instituted by or on behalf of the Insured (or Reinsured) or any beneficiary hereunder arising out of this contract of insurance (or reinsurance), and hereby designate the above-named as the person to whom the said officer is authorized to mail such process or a true copy thereof. WHEN YOUR COVERAGE BEGINS All periods of insurance begin and end at 12:01 a.m. Local Standard Time, at the Owner s address as last shown on Our records. The Insured s coverage will be in force upon completion of both of the following: (1) Our receipt of the Insured s Premium; and (2) Our approval at Our Administrative Offices of the Insured s signed Application and any other forms or attachments that We request the Insured to sign or that We may require for Our approval. The Effective Date of coverage is shown on the attached Schedule. WHEN YOUR COVERAGE ENDS Coverage will end when one of the following occurs: (1) the date the Insured dies; (2) the date the Aggregate Limit, as defined in this Certificate, is reached; (3) the date You request to end coverage; (4) on the Termination Date shown in the Schedule; (5) at the end of the period for which Premium is paid; (6) the date Insured terminates employment {or contract} and (7) the date insurable interest between the Owner and the Insured ceases to exist (if applicable). PREMIUMS/REFUNDS The Premium due must be paid in full before coverage will start. The Premium due is shown on the Schedule. If the required Premium is not paid, the Certificate will not take effect. Certificates issued greater than 12 months, if the Certificate is terminated before the Termination Date shown on the Schedule, we will provide a refund of any unearned Premium paid, less Certificate Fee. For Certificates issued less than 12 months, premium is fully earned at inception and will not be refunded. Small Additional or Return Premiums (LL-NMA1168): Notwithstanding anything to the contrary contained herein and in consideration of the premium for which this Insurance is written, it is understood and agreed that whenever an additional or return premium of $2 or less becomes due from or to the Assured on account of the adjustment of a deposit premium, or of an alteration in coverage or rate during the term or for any other reason, the collection of such premium from the Assured will be waived or the return of such premium to the Assured will not be made, as the case may be. LL-AH (03.09) LLOYD S Page 5 of 10

7 CANCELLATION (LL-NMA 1331) Notwithstanding anything contained in this Insurance to the contrary this Insurance may be cancelled by the Assured at any time by written notice or by surrendering of this Contract of Insurance. This Insurance may also be cancelled by or on behalf of the Underwriters by delivering to the Assured or by mailing to the Assured, by registered, certified or other first class mail, at the Assured's address as shown in this Insurance, written notice stating when, not less than 10 days thereafter, the cancellation shall be effective. The mailing of notice as aforesaid shall be sufficient proof of notice and this Insurance shall terminate at the date and hour specified in such notice. If this Insurance shall be cancelled by the Assured the Underwriters shall retain the customary short rate proportion of the premium hereon, except that if this Insurance is on an adjustable basis the Underwriters shall receive the Earned Premium hereon or the customary short rate proportion of any Minimum Premium stipulated herein whichever is the greater. If this Insurance shall be cancelled by or on behalf of the Underwriters the Underwriters shall retain the pro rata proportion of the premium hereon, except that if this Insurance is on an adjustable basis the Underwriters shall receive the Earned Premium hereon or the pro rata proportion of any Minimum Premium stipulated herein whichever is the greater. Payment or tender of any Unearned Premium by the Underwriters shall not be a condition precedent to the effectiveness of Cancellation but such payment shall be made as soon as practicable. If the period of limitation relating to the giving of notice is prohibited or made void by any law controlling the construction thereof, such period shall be deemed to be amended so as to be equal to the minimum period of limitation permitted by such law TRANSPLANT BENEFIT If, after the Certificate has been in force for six (6) months, the Insured gives a part of his/her body to another person, the condition will be deemed a Sickness. Disability benefits will be paid in the same way as for any other Sickness. DEFINITIONS ACCIDENT means a sudden, unexpected event that results in Injury to an Insured. To be covered under the Certificate, an Accident must occur while coverage is in force for an Insured and must result in a loss or Injury covered by the Certificate for which benefits are payable. AGGREGATE LIMIT means the combined maximum amount of benefits payable under all sections of this Certificate and shall not exceed the Aggregate Limit stated on the schedule. COMPLICATIONS OF PREGNANCY means: (1) conditions requiring hospital stays (when the pregnancy is not terminated) whose diagnoses are distinct from pregnancy but are adversely affected by pregnancy or caused by pregnancy, such as acute nephritis, nephrosis, cardiac decompensation, missed abortion and similar medical and surgical conditions of comparable severity, and shall not include false labor, occasional spotting, physicianprescribed rest during the period of pregnancy, morning sickness, hyperemesis gravidarum, preeclampsia and similar conditions associated with the management of a difficult pregnancy not constituting a nosologically distinct complication of pregnancy; and (2) nonelective caesarean section, ectopic pregnancy that is terminated, and spontaneous termination of pregnancy, that occurs during a period of gestation in that a viable birth is not possible. ELIMINATION PERIOD means the period of time shown on the Schedule during which the Insured must be continuously disabled before benefits may be payable. IMMEDIATE FAMILY means a person who is related to the Insured in any of the following ways: spouse; brotherin-law; sister-in-law; son-in-law; daughter-in-law; mother-in-law; father-in-law; parent (includes stepparent); brother or sister (includes stepbrother or stepsister); or child (includes legally adopted stepchild). LL-AH (03.09) LLOYD S Page 6 of 10

8 DEFINITIONS (cont d) INJURY means bodily injury. It must be caused by an Accident occurring while the Certificate is in force. It must be a direct result of an Accident, independent of all other causes and/or Pre-Existing Conditions. OWNER if other than the Insured, means the person who applies for insurance on behalf of, and in conjunction with, the Insured. The Owner will pay the required Premium. A valid insurable obligation must exist between the Owner and the Insured, as evidenced by an executed contract or other documentation defining such insurable interest. PHYSICIAN means a legally licensed practitioner of the healing arts acting within the scope of his or her license and not the Insured, a member of the Insured s Immediate Family or a person residing with the Insured. CERTIFICATE FEE is an administrative charge for initiating and maintaining the Certificate; it is shown in the Certificate Schedule PRE-EXISTING CONDITION means a condition for which: (1) medical advice or treatment was recommended by or received from a Physician during the 3 Month period preceding the Effective Date of this coverage; or (2) symptoms were present during the 12 Month period preceding the Effective Date of this coverage that would cause a reasonably prudent person to seek advice or treatment from a Physician. SICKNESS means any sickness, illness or disease that: (1) (a) is diagnosed or treated by a Physician while this Certificate is in force; and (b) is not a Pre-Existing Condition as defined above; or (2) is a Pre-Existing Condition but: (a) is declared on the Application for this Certificate; and (b) is not excluded from coverage by name or specific description. Sickness includes Complications of Pregnancy. AGGREGATE LIMIT In no event will Our total liability for all benefits payable under the Certificate exceed the Aggregate Limit amount shown on the Schedule. EXCLUSIONS This Certificate does not cover any loss caused by, in whole or in part, or as a result of: 1. The Insured being under the influence of narcotics or intoxicants, unless taken under the advice of a Physician other than yourself or a member of Your immediate family; or 2. Any psychosis, neurosis, or neuropsychiatric illness including, but not limited to, any emotional anxiety or depression illness for which any form of psychiatric or psychological therapy is indicated or received. 3. Normal Pregnancy 4. Suicide, attempted suicide or intentionally self-inflicted injury; 5. Travel or flight on or in (including getting in or out, on or off) any vehicle for aerial navigation, if: A. the vehicle is being used: (1) for test or experimental purposes; or (2) by or for any military authority (including aircraft flown by the U.S. Military Airlift Command (MAC) or a similar service of another country); or B. the Insured is: (1) serving as a pilot or crew member (or student taking a flying lesson); or (2) riding as a passenger in a vehicle without a valid airworthiness certificate; LL-AH (03.09) LLOYD S Page 7 of 10

9 EXCLUSIONS (cont d) 6. The Insured s participation in a riot or civil insurrection; or service in the military of any nation (upon notice to Us of entrance into active military service), We will provide a pro-rata refund of Premium in accordance with the Refunds or Military Service section of this Certificate; 7. Committing or attempting to commit a felony. 8. Any losses directly or indirectly arising out of, contributed to or caused by, or resulting from or in connection with, any act of nuclear, chemical, biological terrorism (as defined below) regardless of any other cause or event contributing concurrently or in any other sequence to the loss. For the purpose of this exclusion: Nuclear, Chemical, Biological Terrorism shall mean the use of any nuclear weapon or device or the emission, discharge, dispersal, release or escape of any solid, liquid or gaseous Chemical agent and/or Biological agent during the period of this insurance by any person or group(s) of persons, whether acting alone or on behalf of or in connection with any organization(s) or government(s), committed for political, religious, ideological or ethnic purposes or reasons including the intention to influence any government and/or to put the public, or any section of the public, in fear. Chemical agent shall mean any compound which, when suitably disseminated, produces incapacitating, damaging or lethal effects on people, animals, plants or material property. Biological agent shall mean any pathogenic (disease producing) micro-organism(s) and/or biologically produced toxin(s) (including genetically modified organisms and chemically synthesized toxins) which cause illness and/or death in humans, animals or plants. If the Underwriters allege that by reason of this exclusion any loss is not covered by this insurance, the burden of proving the contrary shall be upon the Insured. 9. Nuclear reaction, nuclear radiation or radioactive contamination. WAR AND TERRORISM Unless specifically excluded elsewhere in this insurance this Certificate covers the Insured Persons against bodily injury or sickness caused by or attributable to war, invasion, acts of foreign enemies, hostilities or warlike operations (whether war be declared or not), civil war, rebellion, revolution, insurrection, civil commotion assuming the proportions of or amounting to an uprising, military or usurped power; or any act of terrorism provided that the Insured Person is not taking an active part therein. GENERAL PROVISIONS ENTIRE CONTRACT; CHANGES. This Certificate, including the Application, riders, endorsements and any attached papers, constitutes the entire contract between You and Us. No change in this Certificate can be made until it is approved by an authorized officer of the Underwriter. The approval must be noted on or attached to this Certificate. No agent or other person has the authority to change this Certificate or waive any of its provisions. TIME LIMIT ON CERTAIN DEFENSES. After two (2) years from the Effective Date of applicable coverage, only fraudulent misstatements made in the Application may be used to void the Certificate or deny any claim for loss. In the event of any contest, the Insured will be furnished a copy of the instrument in question. No claim for loss incurred after 1 year from the Effective Date will be reduced or denied because a Sickness or physical condition not excluded by name or specific description before the date of loss existed before the Effective Date. LL-AH (03.09) LLOYD S Page 8 of 10

10 NOTICE OF CLAIM. Written notice of claim must be given within sixty (60) days after a covered loss occurs or as soon thereafter as reasonably possible. The notice must be given to Us or Our agent. Notice should include Your name and the Certificate number. CLAIM FORMS. When We receive the notice of claim, We will send the Insured forms for filing proof of loss. If these forms are not given to the Insured within fifteen (15) days, he or she may meet the proof of loss requirements by giving Us a written statement of the nature and extent of the loss within the time limit stated in the Proofs of Loss section of this Certificate. PROOFS OF LOSS. Written proof of loss must be given within ninety (90) days after such loss. If it is not reasonably possible to give written proof in the time required, We will not reduce or deny the claim for this reason if the proof is filed as soon as reasonably possible. In any event, the proof required must be given no later than one (1) year from the date of loss unless the claimant was legally incapacitated. From time to time, We will require the Insured to provide continued proof of loss, satisfactory to Us, for benefits to continue to be payable. TIME OF PAYMENT OF CLAIM. All benefits payable under this Certificate for any loss will be paid in accordance with the Schedule upon receipt of due written proof of loss. PAYMENT OF CLAIMS. We will pay the Owner of this Certificate any benefits due unless a Beneficiary other than the Owner has been properly designated to receive such proceeds. CLAIMANT COOPERATION PROVISION. Failure of a claimant to cooperate with Us in the administration of a claim may result in the termination of a claim. Such cooperation includes, but is not limited to, providing any information or documents needed to determine whether benefits are payable or the actual benefit amount due. RECOVERY OF OVERPAYMENT. If benefits are overpaid, or paid in error, We have the right to recover the amount overpaid, or paid in error, by any or all of the following methods: 1. A request for lump sum payment of the amount overpaid, or paid in error. 2. Reduction of any proceeds payable under the Certificate by the amount overpaid, or paid in error. 3. Any other legal means. LEGAL ACTION. No legal action may be brought to recover on this Certificate within sixty (60) days after written proof of loss has been given as required by this Certificate. No such action may be brought after three (3) years from the time written proof of loss is required to be given. For purposes of this provision, proof of loss means the initial proof required for payment of a claim. MISSTATEMENT OF AGE. If the age of the Insured has been misstated, We will pay the amount of benefit that the Premium paid would have purchased at the true age. ASSIGNMENT. This Certificate may be assigned. We are not bound by any Assignment until received by and approved by Us on a form acceptable to Us. We assume no responsibility or liability for the validity of any Assignment. LL-AH (03.09) LLOYD S Page 9 of 10

11 GENERAL PROVISIONS (cont d) CHANGE OF OCCUPATION. If the Insured is Injured or contracts a Sickness after having changed his/her occupation to one classified by Us as more hazardous than that stated in the Application for this Certificate, We will pay only such portion of the benefit provided by this Certificate as the premium paid would have purchased at the rates and within the limits fixed by Us for the more hazardous occupation. However, benefits will not be payable and coverage will immediately terminate if: (1) the new occupational class under Our then current underwriting guidelines would not be acceptable to Us in accordance with Our then usual and customary underwriting practices for this Certificate; or (2) the Owner of the Certificate is not the Insured and such Change in Occupation negates the underlying insurable interest that existed when such Certificate was issued. If coverage is terminated, it will end on the date of such Change of Occupation. If the Insured changes his/her occupation to one classified by Us as less hazardous than that stated in the Application for this Certificate, upon receipt of proof of such Change of Occupation, We will reduce the premium rate and will return the excess pro-rata unearned premium from the date of the Change of Occupation. However, if the Owner of the Certificate is not the Insured, and a Change of Occupation negates the insurable interest that existed when the Certificate was issued, coverage will be terminated on the date of such Change of Occupation. For this Change of Occupation provision, the classification of occupational risk and the premium rates shall be those that were last filed by Us with the appropriate regulatory agency, if required, prior to the occurrence of the loss for which We are liable or prior to the date of the Change of Occupation in the state where the Insured resided at the time this Certificate was issued. If such filing was not required, then the classification of occupational risk and the premium rates shall be those last made effective by Us in such state prior to the occurrence of the loss or prior to date of Change of Occupation. If coverage is terminated under this Change of Occupation provision, We will refund the excess pro-rata unearned premium from the date of the Change of Occupation. PHYSICAL EXAMINATION. We, at Our expense, have the right to have the Insured examined by a Physician of Our choice as often as reasonably necessary while a claim is pending. CONFORMITY WITH STATE LAW. Any provision of this Certificate that, on its Effective Date, is in conflict with the laws of the state of the Owner on that date, shall be deemed amended to conform to the minimum requirements of such laws. LL-AH (03.09) LLOYD S Page 10 of 10

12 Benefit Coverage Insert CERTIFICATE NUMBER TOTAL DISABILITY FOR ACCIDENT AND SICKNESS BENEFIT We will pay the Total Disability Benefit shown on the Schedule if: 1. The Insured becomes Totally Disabled as defined below as a direct result of: (a) an Injury which occurs while this benefit is in force and causes Total Disability due to the injury to begin within 365 days of a covered Accident; or (b) a Sickness which manifests itself while this benefit is in force and causes Total Disability to commence within 365 days of a covered Sickness; and 2. The Insured satisfies the Elimination Period shown on the Schedule; and 3. The Insured is under the regular care of a Physician other than himself/herself or a member of his/her Immediate Family for the disability. Totally Disabled means, as a result of a covered Injury or Sickness, the Insured is totally unable to perform the substantial and material duties of his/her regular occupation as shown on the Schedule for the entire Elimination Period and for each month during which benefits are payable. Written proof of disability must be provided to US at the time the first claim for any period of disability is made, and periodically upon our written request. The Insured must also be under the care of a Physician, other than the Insured or a member of the Insured s Immediate Family, for the duration of such disability. Benefits will be payable at the end of each month that the Insured is Totally Disabled as defined above. The Monthly Benefit will cease after benefits have been paid for the number of months shown on the Schedule or on the date the Insured is no longer Totally Disabled, whichever occurs first. We will pay benefits at the rate of 1/30 of the Monthly Benefit for each day that the Insured is Totally Disabled for less than a full month. If the Insured resumes the duties of his/her regular occupation as shown on the Schedule and, within ninety (90) days becomes Totally Disabled, as defined above, for the same disability which results from the same cause, only one Elimination Period will apply. No benefit will be paid prior to the completion of the Elimination Period. PRESUMPTIVE DISABILITY The Insured will be presumed to be Totally Disabled if as a direct result of an Injury which occurs while this benefit is in force; or a Sickness which manifests itself while this benefit is in force and this Injury and/or Sickness results in the entire and irrecoverable loss of: 1. the use of both hands or both feet; or 2. the use of one hand and one foot; or 3. the sight of both eyes; or 4. the hearing of both ears; or 5. the ability to speak. In that event, the Elimination Period will be waived, and ongoing regular medical care in not required. The covered Monthly Benefit will be paid so long as the loss exists up to the end of the Maximum Benefit Period, even if the Insured is able to engage in his/her regular or any other occupation. When applicable, we will pay the Permanent Total Disability Benefit specified in the policy schedule but only after the insured has satisfied the Elimination period and eligibility requirements defined in the Permanent Total Disability benefit insert to this policy. LL-AH-12977A LLOYD S Page 1 of 2

13 RECURRING DISABILITIES If, after a period of Total Disability, the Insured continuously performs all of the regular duties of the stated occupation during a continuous period of six (6) months, any Total Disability which starts thereafter will be deemed a new disability. If, after a period of Total Disability, the Insured has not continuously performed all of the regular duties of the stated occupation for a continuous period of at least six (6) months, any subsequent period of Total Disability shall, for the purposes of determining the Total Disability Maximum Benefit Period, be deemed a continuation of the prior disability unless the new disability results from a cause entirely different from and unrelated to the cause of the prior disability. In no event will We pay more than the Aggregate Limit shown in the Schedule. RESIDUAL DISABILITY FOR INJURY AND SICKNESS BENEFIT If the Insured suffers loss of earnings while gainfully employed as a direct result of a covered Injury and/or a Sickness, We will pay the Residual Monthly Benefit, after the Insured satisfies the Elimination Period shown in the Schedule, calculated as shown below and provided that: (1) The Insured is unable to perform one or more of the substantial and material duties of his/her occupation as a result of a covered Injury and/or Sickness, or the Insured is unable to perform the substantial and material duties of his/her occupation for as much time as is normally required to perform them, and as result of a covered Injury and/or Sickness, (2) The Insured is receiving care by a Physician other than the Insured or a member of the Insured s Immediate Family that is appropriate for the condition causing the disability, and (3) Loss of earnings is 20% or more of Prior Earnings before the disability began, and (4) The Insured is not Totally Disabled. DEFINITIONS Earnings - means gross earned income, less business expenses, but before any other deductions. It includes salaries, wages, fees, commissions, bonuses, business profits or other payments for personal services. It does not include unearned income from savings, investments, or real estate property. Prior Earnings - means the Insured s average monthly earnings for the past twelve (12) calendar months or prior tax year, whichever is greater, just prior to the date the Insured became disabled. Loss of Earnings - means the difference between the Insured s prior earnings and current earnings while residually disabled. Elimination Period - for the purpose of this provision, means the number of days at the beginning of a period of Total Disability or Residual Disability for which no benefit is payable. The amount of the Residual Disability Benefit shall be calculated as follows: Monthly Residual Disability Benefit = Loss of Earnings Prior Earnings X Total Disability Monthly Benefit If the Loss of Earnings is more than 80% of Prior Earnings, We will deem such loss to be 100%. The Maximum Benefit Period for Residual Disability Benefits and Total Disability Benefits combined shall not exceed the Maximum Benefit Period for Total Disability Benefits stated in the Schedule of Benefits. This provision is subject to all Certificate terms, conditions and limitations. LL-AH-12977A LLOYD S Page 2 of 2

14 Privacy Policy Statement CERTIFICATE NUMBER: UNDERWRITERS AT LLOYD S, LONDON The Certain Underwriters at Lloyd's, London want you to know how we protect the confidentiality of your non-public personal information. We want you to know how and why we use and disclose the information that we have about you. The following describes our policies and practices for securing the privacy of our current and former customers. INFORMATION WE COLLECT The non-public personal information that we collect about you includes, but is not limited to: A. Information contained in applications or other forms that you submit to us, such as name, address, and social security number; B. Information about your transactions with our affiliates or other third-parties, such as balances and payment history; C. Information we receive from a consumer-reporting agency, such as credit-worthiness or credit history. INFORMATION WE DISCLOSE We disclose the information that we have when it is necessary to provide our products and services. We may also disclose information when the law requires or permits us to do so. CONFIDENTIALITY AND SECURITY Only our employees and others who need the information to service your account have access to your personal information. We have measures in place to secure our paper files and computer systems. RIGHT TO ACCESS OR CORRECT YOUR PERSONAL INFORMATION You have a right to request access to or correction of your personal information that is in our possession. CONTACTING US If you have any questions about this privacy notice or would like to learn more about how we protect your privacy, please contact the agent or broker who handled this insurance. We can provide a more detailed statement of our privacy practices upon request. LSW 1135b LLOYD s Page 1 of 1