Specializing in Mandated Real Estate Errors & Omissions Insurance
To obtain coverage, mail your completed Enrollment Form along with premium payment to RISC or select the “Enroll Online” option to enroll with a Visa or MasterCard. If you are enrolling after the original renewal period, you may refer to the Prorated Premium Chart to determine the appropriate amount to pay.
Enrollment Form (Prorated): Please use this form if you are an individual (rather than a firm) licensee and want to purchase insurance through the group program.Endorsement Request Form for Current Insureds: Individual licensees who are enrolled in the current group program and wish to add an endorsement(s) to their policy must use this form.
Optional Firm Coverage
If your previous coverage expired January 1, you should request an effective date of January 1. This will ensure that you maintain continuous coverage. Otherwise, you will have a break in coverage and lose any previously established Retroactive Date (for prior acts coverage). If you do not have continuous coverage, your new Retroactive Date will be the effective date of your new coverage. In addition, if you have a break in coverage and are not covered during a period that your license is active, you will not comply with the licensing requirements for your state and your license may be placed inactive and/or other action may be taken against your license.
If you discover that you have missed timely renewal and cannot obtain a January 1 effective date online, you may qualify for reinstatement of your coverage for 90 days after your coverage has expired. If you would like to reinstate coverage to the inception date of the current group policy within the 90-day period (1/1 - 3/31), you may send your premium payment via check or money order in the mail with a Reinstatement Form. Reinstatement will eliminate a break in coverage and loss of your Retroactive Date.
If you would like to backdate coverage a maximum of 90 days after the 90-day reinstatement period has passed, please refer to the Prorated Premium Chart to determine the correct amount to send with your Reinstatement Form. This will avoid a break in coverage and loss of your retroactive date. However, this procedure does not impact the licensee's failure to comply with the mandatory insurance guidelines established by the Commission and you may still be subject to penalties and fines. Always pay your premium on time to avoid a break in coverage and to protect yourself from uncovered claims and noncompliance with licensing requirements.