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RES 20229635Page 1 of 17VILLAGE OF DOWNERS GROVE Report for the Village Council Meeting 12/6/2022SUBJECT:SUBMITTED BY:Extension of Protected Reinsurance for Property, Casualty and Excess Liability
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How to fill out extension of protected self-insurance
How to fill out extension of protected self-insurance
01
Obtain the necessary form for the extension of protected self-insurance from the appropriate insurance regulatory agency.
02
Fill out the form completely and accurately, providing all required information about your self-insurance program.
03
Include any relevant documentation or supporting materials, such as financial statements or proof of assets.
04
Submit the completed form and documentation to the insurance regulatory agency for review and approval.
05
Review any feedback or requests for additional information from the agency, and provide any necessary updates or revisions to your application.
06
Once approved, make any required payments or adjustments to your self-insurance program to reflect the extension of protection.
Who needs extension of protected self-insurance?
01
Companies or organizations that have a self-insurance program in place and want to ensure that their assets are adequately protected in the event of a large claim or catastrophic loss.
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What is extension of protected self-insurance?
Extension of protected self-insurance is an additional coverage or continuation of existing self-insurance beyond the original expiration date.
Who is required to file extension of protected self-insurance?
The insured party or the organization with self-insurance coverage is required to file extension of protected self-insurance.
How to fill out extension of protected self-insurance?
Extension of protected self-insurance can be filled out by providing updated information about the self-insurance coverage and submitting it to the relevant authorities.
What is the purpose of extension of protected self-insurance?
The purpose of extension of protected self-insurance is to ensure continuous coverage under the self-insurance plan beyond the original expiration date.
What information must be reported on extension of protected self-insurance?
The extension of protected self-insurance form must include details such as policy number, coverage period, insured party information, and any changes to the existing coverage.
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