At their latest meeting, the Board of Directors approved seeking review and comment from members regarding proposed modifications to the General Liability I Memorandum of Coverage (MOC). A redline/strikeout version of the MOC depicting the proposed modifications is available.
During the recent Board Meeting, the Board requested that staff work with coverage counsel to try to develop language for the MOCs that would clarify that a “faulty reliance on an exemption from statute” would not, by itself, work to trigger coverage under the MOCs. The Board requested that we develop that language to be sent out with the other proposed modifications for review and comment. We have worked with coverage counsel to try to develop further language. Counsel has opined that the 2010 MOC modifications probably address this concern as best as possible. Counsel was concerned that additional language may lead to an unintentional limitation in the scope of coverage in other areas of the MOC. As such, staff will be advising the Board that additional changes to the MOC in this area are probably unnecessary.
We encourage you to post your comments regarding the proposed changes to the GLI MOC on the EIA’s Blog, or to email Brad Reager at breager@csac-eia.org.
View the letter and modified version of the GLI MOC.
Comments are due by May 18, 2012.
Updated March 28, 2012.
