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BONDING
THE
COLUMBIA
LAW LIST
INSURANCE
PROGRAM
Effective
February 1, 2010
The following is a summary of the key
features and requirements of the Insurance
Program. This summary is provided solely for the sake of
convenience; and is qualified in its entirety by reference to the
specific terms and conditions of the Policy and
the rules of The Columbia Law List, as in effect from time to time.
Please note that The Columbia Law List does
not itself insure any forwarded claim, or otherwise provide any surety
for any listed firm. The Policy is provided by a commercial
insurer, and The Columbia Law List's obligations under
this program are to forward any claim and its
supporting documents to the insurer, and, if and to the extent the
insurer accepts and pays such claim, to cover any deductible, and The
Columbia Law List expressly disclaims any other obligation
or liability of any kind. Accordingly,
to the extent the insurer denies coverage of a claim, or coverage is
otherwise unavailable, a forwarder will not be entitled to look to The
Columbia Law List for payment.
This
program indemnifies those who forward cases through The Columbia Law
List to The Columbia Law List attorney members against loss due to
fraudulent or dishonest acts by lawyers and not against negligence or
any other delinquent misconduct, error of judgment, or breach of
contract whatsoever on the part of the attorneys. This insurance
program is in the form of a $1 Million fidelity insurance program, and
the liability of the law list is limited to claims with respect to
which The Great American Insurance Company accepts liability.
Some specifics of this program are as follows:
| 1. |
The
insurance program includes coverage against acts of larceny or
embezzlement. This is not a malpractice insurance program. |
| 2. |
The
policy covers dishonest acts by listed attorneys. The
policy does not cover individual employees
of listed firms. |
| 3. |
It
covers properly registered cases for 36 months, from the date
of employment. Proper notification must be sent to The
Columbia Law List within 35 days from the date each referral
was made to The Columbia Law List member. In addition, the
member attorney must be notified on each referral that his/her
name was selected from The Columbia Law List. |
| 4. |
This
program covers members and claims in all 50 states and
Canada
, but does not provide coverage on foreign attorneys including
Puerto Rico, Guam, and the
Virgin Islands
. |
| 5. |
Neither
the publisher nor the surety shall be liable for any loss
through any attorney or firm of attorneys whose names were not
listed in that publication and/or web site at the time of
employment. It is incumbent upon the forwarder to consult The
Columbia Law List website, www.ColumbiaList.com,
for current information. |
| 6. |
Under
the terms of this Insurance Program, the loss shall be
calculated as 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 due to the attorney(s). Recovery under
this Insurance Program will be 90% of the net loss after a
deductible of $250 per legal case. |
| 7. |
Suit
fees and advanced court costs are covered if it is proven that
suit has not been filed. Suit fees and advanced court costs
are not covered if it is proven that suit has been
filed. |
| 8. |
The
publisher and the surety assume no liability for dispute in
fee deductions 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. |
| 9. |
The
forwarder, on becoming aware of any act or acts which may be
the basis of a claim under the insurance program shall notify
the law list immediately. The forwarder will then have 90 days
within which to furnish back-up documentation and a total loss
figure to the law list. |
| 10. |
If
there is a discrepancy on a remittance by a listed attorney,
it is incumbent upon the forwarder to submit to the law list
for adjustment the attorney's check and any other pertinent
information to the case. Under no circumstances, should the
original check be returned to the attorney for
adjustment. |
| 11. |
No
forwarder shall seek insurance coverage with more than one law
list on a single item placed with a receiver, nor shall the
forwarder indicate insurance coverage with more than one
list to the receiver on a single case. Violation of this rule
will nullify coverage under this Insurance Program. |
IN
ORDER TO ACTIVATE THE BOND
Submit
a notification coupon with each case forwarded to THE ATTORNEYS LISTED
IN OUR DIRECTORY
OR
Send us
a carbon copy of your cover letter to the receiving attorney,
mentioning that the claims are being forwarded over THE COLUMBIA LAW LIST.
OR
Fill
out our online Bonding Form here: http://www.columbialist.com/bond_claim.htm
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