Life Services Network Reciprocal Insurance Company, A Risk Retention Group
is a reciprocal insurance company owned by its policyholders who consist of
long term care facilities based in Illinois belonging to the Life Services Network
Trust, a statewide trade association representing providers of services for older
adults, including nursing facilities, assisted living, senior housing and home and
community based services.
State of Domicile: DC
Operating States: IL, VA
Lines of Coverage: Medical Professional Liability (MPL), General Liability (GL)
Limits:
> MPL up to $1,000,000 / $3,000,000;
> GL $1,000,000 / $3,000,000;
> Higher limits available
Reinsurance AM Best Rating: Lloyds and London Reinsurers “A”
Underwriting Guidelines: Non Profit Long Term Care Facilities
Capital Contribution Amount: 50% of fully mature claims made premium
