The NREIG Program Participation Agreement is signed by program insureds when an account is set up, and outlines the Terms & Conditions that govern participation in our insurance program. From time to time, updates are required to this agreement. Continued coverage in the Program assumes acceptance of the current agreement, which can be found on each account’s Monthly Inventory Report.
The most up to date Program Participation Agreement can be viewed here.
The following updates were made in November 2024:
Section 1.a.i – Changed acceptable AM Best rating to “A-”
Section 1.b.iii – Clarified “due date” language to “monthly payment due date”
Section 2 – Removed clause stating Client can withdraw consent to receive information electronically and receive documents by mail.
Section 4.g (formerly 4.h & 4.i) – Combined two clauses and edited to clarify that a full month’s cost is charged for coverage for any amount of time within that calendar month. Coverage is not prorated within a given month.
Section 4.l (formerly 4.n) – Changed maximum Location Administration fee to $6 per month per location.
Section 4.o (formerly 4.q) – Edited language to clarify that Evidence of Insurance (EOI) constitutes coverage in conjunction with the master policy at the time of loss.
Section 4.p – Added clause that owner-occupied locations are not eligible for the program unless documented exceptions are granted.
Section 4.q – Added clause that program participants may not engage a Public Adjuster for any loss reported in the program.
Section 11 – Removed clause requiring NREIG to return all confidential information upon request.
Section 15 – Added to clarify that the terms of certain sections continue beyond termination of this agreement.
Section 17.6 – Added to confirm that signature of the agreement is considered agreement to all clauses within.