Fraternity Regulation 3.7 (Revised)

As in effect on July 26, 2007.

POSITION STATEMENTS / Liability Insurance

Revised June 28, 1998

3.7.1. National Council has been informed that in the event of an incident involving one of the chapters or colonies of Triangle, there is a strong likelihood that any resulting litigation would also involve the National Organization. If a chapter or colony fails to carry proper liability insurance, the entire assets of the National Organization and the Fraternity itself could be placed at risk.

3.7.2. National Council has determined, in the exercise of its fiduciary responsibility to protect and preserve Triangle and its assets, that Triangle can no longer allow any chapter or colony to jeopardize the entire Fraternity by its failure or refusal to carry adequate liability insurance.

3.7.3. Each chapter and colony shall, not later than September 15, 1998, obtain liability insurance through Triangle Fraternity's National Insurance Program.

COVERAGES:

  1. COMPREHENSIVE OR COMMERCIAL GENERAL LIABILITY

    1. Premises, Operations, Independent Contractors, Elevators

    2. Products and Completed Operations

      1. On Premises Products (i.e. Meals) Included

    3. Athletic Participation Included

    4. Other Restrictive Conditions or Exclusions are subject to the approval of National Council.

  2. GENERAL COVERAGE EXTENSIONS TO BE INCLUDED

    1. Host Liquor Liability

    2. Liquor Legal Liability

    3. Personal Injury and Advertising Injury

    4. Blanket Contractual Liability

      1. All Oral and Written Contracts

    5. Broad Form Property Damage

      1. Products and Completed Operations Included

    6. Employees Additional Insureds

      1. Co-Employee Coverage Included

    7. Hired and Non-Owned Watercraft

      1. No Restrictive Size or Power Limitations

    8. Worldwide Coverage

    9. Assault and Battery

      1. Protecting Persons and/or Property

    10. Employers "Stop-Gap" Liability

      1. Workers Compensation - Coverage B - All Monopolistic States

    11. Fire Legal Liability

      1. Fire Damage to Rented Premises

    12. Premises Medical Payments

  3. SPECIAL FRATERNITY COVERAGE EXTENSIONS TO BE INCLUDED

    1. Broad Named Insured Wording

      1. National Fraternity and Triangle Fraternity Education Foundation

      2. House Corporations, Active Organizations and Alumni Organizations

      3. Alumni Members, Active Members, Pledges and Volunteers

    2. Hazing Liability Coverage

      1. Defense and Coverage for Innocent Parties

    3. Sexual Abuse and Misconduct Liability Coverage

      1. Defense and Coverage for Innocent Parties

    4. Ninety (90) Days Notice of Cancellation or Non-Renewal

    5. Additional Interests and/or Insureds

      1. As May Be Required by Local, Chapter or School Circumstances

  4. BUSINESS AUTOMOBILE COVERAGE

    1. Hired and Non-Owned Automobile Liability

      1. All Leased, Hired or Non-Owned Autos

Coverage Limits: Commercial General Liability:
Per Occurrence: Gen. Aggregate:
Bodily Injury & Property Damage $1,000,000 $2,000,000
Products & Completed Operations $1,000,000 $2,000,000
Personal & Advertising Liability $1,000,000 General Agg.
Fire Legal Liability $50,000 General Agg.
Medical Payments $5,000 General Agg.
Coverage Limits: Business Automobile Liability:
Per Accident: Gen. Aggregate:
Bodily Injury & Property Damage $1,000,000 Not Applicable

3.7.4. Failure of any chapter or colony to obtain or maintain liability insurance through Triangle Fraternity's National Insurance Program shall authorize National Council, in its discretion, to do any or all of the following:

  1. Procure liability insurance for the chapter or colony, irrespective of whatever other liability insurance the chapter or colony may have. The cost of any liability insurance which may be so procured shall be billed to and paid by the chapter or colony so insured, together with a surcharge of not more than 25% of the cost of such insurance to cover administrative and policy deductible expenses incurred by National Council and the National Organization.

  2. Suspend the chapter or the active organization of a chapter, or withdraw recognition of a colony.

  3. Impose such conditions, limitations or restrictions upon a chapter or colony as it deems appropriate under the circumstances, in lieu of suspension or withdrawal of recognition.