College of American Pathologists

  Identity Fraud Expense Reimbursement Insurance


Posted November 29, 2007

The College of American Pathologists will provide Identity Fraud Expense Reimbursement protection at no-cost to the Fellows* of the College of American Pathologists for the annual policy term beginning January 1, 2008.

The CAP Identity Fraud policy, underwritten by Travelers Excess and Surplus Lines Company, will provide a limit of $5,000 to reimburse Fellows for Expenses incurred as the direct result of any one Identity Fraud discovered during the policy period.

The term Expense is described as:

  1. Costs for notarizing fraud affidavits or similar documents for financial institutions or similar credit grantors or credit agencies that have required that such affidavits be notarized.
  2. Costs for certified mail to law enforcement agencies, credit agencies, financial institutions or similar credit grantors.
  3. Lost wages as a result of time taken off from work to meet with, or talk to, law enforcement agencies, credit agencies and/or legal counsel, to complete fraud affidavits, or due to wrongful incarceration arising solely from someone having committed a crime in the Insured’s name.
  4. Loan application fees for re-applying for a loan or loans when the original application is rejected solely because the lender received incorrect credit information.
  5. Charges incurred for long distance telephone calls to merchants, law enforcement agencies, financial institutions or similar credit grantors, or credit agencies to report or discuss an actual Identity Fraud.
  6. Reasonable attorney fees incurred, with the Company’s prior consent, for: defense of lawsuits brought against the Insured Person by merchants or their collection agencies, the removal of any criminal or civil judgments wrongly entered against an Insured Person, and challenging the accuracy or completeness of any information in a consumer credit report.

When a loss occurs or upon knowledge or discovery of loss the insured person will be required to give notice to the Company as soon as practicable and file a detailed proof of loss within four months after the discovery of the loss. The insured person will need to keep books, receipts, bills and other records in such a manner that the company can accurately determine the amount of the loss. The company may request the insured person produce pertinent records.

After the loss is reported, the company will send to the insured member a “Victim’s Kit” that includes a “Loss of Wages” form, sample letters the insured member can duplicate and forward to the appropriate people, phone numbers of who should be notified regarding the fraud, and what the insured members requirements are on an ongoing basis.

The policy is offered on an expense reimbursement basis and as such will be reimbursing members for the actual expenses incurred from the covered loss up to the limit on the policy. Please note your policy number is 105038877.

If you have general questions about the policy, please contact the CAP insurance administrator at 800-544-2672. To file a claim under the Master Policy, please contact:

Travelers Excess and Surplus Lines Company
Bond Claim Department
Travelers Bond & Financial Products
State House Square, 2SHS
Hartford, CT 06183-9062

* Due to state regulations, group coverage is not available for New York residents.