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Oklahoma Attorneys Mutual Insurance Company
Contact
Phillip D. Fraim
P.O. Box 1255
401 N. Hudson
Oklahoma City, OK 73101-1255
PH: 405/236-8205
800/318-7505
Email:
States Where the Carrier Writes:
Oklahoma
Do you write professional insurance for judges:
No
# of Years Writing Legal Insurance:
26 Years
Restrictions:
Generally none, but heavy securities practice falls outside underwriting guidelines
Size Guidelines:
Write firms of all sizes
Highest Available Limits of Liability:
$10 million each claim & aggregate
Deductible:
Minimum $1,000; maximum $100,000
Limits in Excess of Deductible:
No
Defense Costs Included in Limits:
Pays claims expense allowance equaling lesser of $100,000 or 50% of the per claim limit,
except securities activities related claims which are included within limits. Additional defense costs
within the limits.
Insured's Activities for Entity Not Covered by Policy:
Excludes claims arising out of insured's acts or omissions as such
Securities Exclusion:
None, but the claims expense shall be included within the applicable limit of liability,
and the claims expense allowance shall not apply
Defense for Malicious Prosecution, Abuse of Process or Defamation:
No provision
Prior Acts Coverage:
Included, if insured did not know or could not have reasonably foreseen that such acts or
omissions might be expected to be the basis of a claim or suit
Input Re: Selection of Counsel:
No provision in the policy, requests will be considered, but company retains right to
final selection
Consent to Settle Provision:
Insured's consent required, but insured pays excess defense and indemnity if rejects
settlement recommended by company and acceptable to claimant
OPTIONS FOR SCOPE OF COVERAGE
Coverage Available for:
Partners Leaving: Yes
Employed Attorneys Leaving: Yes
Part-time Legal Work: Yes
Non-practicing Lawyers: No
Government: No
In-house: No
