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Bonding Program
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This program indemnifies those who forward cases through the The Forwarders List of Attorneys to its listed attorneys against loss due to fraudulent or dishonest acts and not against negligence or any other delinquent misconduct, error of judgment, or other breach of contract whatsoever on the part of the attorneys. This insurance program is in the form of a $1,000,000.00 Great American Insurance Company insurance program, and the liability of the law list is limited to claims with respect to which the Great American Insurance Company Insurance accepts liability. Specifics of this program are as follows:
- This insurance program includes coverage
against acts of larceny, embezzlement, fraudulent failure to make
accounting or overcharge. This is not a malpractice insurance
program.
- The program covers properly registered cases for 36 months, from the date of forwarding. Forwarding notification must be sent to The Forwarders List of Attorneys within 35 days from the date of
employment of attorney or firm of attorneys. The bond notification
form shall include the attorney's name, city, and state, amount
involved, the name of the creditor and debtor, and the date of
sending. This insurance program will offer an extension of an
additional 12 months coverage on those law firms who remain listed
at the end of the initial 36 months when a forwarder requests such
an extension in writing.
- This program covers listees and claims in
all 50 states and Canada, but does not provide coverage on foreign
attorneys or foreign claims, including Puerto Rico, Guam, and the
Virgin Islands.
- Neither The Forwarders List of Attorneys nor the surety shall be liable for any loss through any attorney or firm of attorneys whose names were not listed in the directory at the time of employment. It is incumbent upon the forwarder to consult the latest edition and supplement to the directory of The Forwarders List of Attorneys.
- Recovery under the terms of this Bonding
Program shall be the net sum the forwarder would have received had
the remittance been made in due course by the attorney or firm of
attorneys after deduction of costs, expenses, fees and
commissions. However, the forwarder is entitled to normal
commissions after net attorney remittance.
- Suit fees and advanced court costs are
covered if suit has not been filed.
- The Forwarders List of Attorneys and the surety assume no liability for
overcharge in connection with suit and/or legal fees unless the
amount has been specified in advance and agreed to by the
forwarder and the receiving attorney in writing.
- The forwarder, on becoming aware of any act or acts which may be the basis of a claim under this Bonding Program, shall notify The Forwarders List of Attorneys immediately, and in any event within 60 days thereafter.
If there is a discrepancy on a remittance by a listed attorney, it is incumbent upon the forwarder to submit to The Forwarders List of Attorneys for
adjustment the attorney's check and any other pertinent information
on the case. Under no circumstances should the original check be
returned.
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