Types of coverage of risks

Claims-made coverage may not be provided in any policy delivered, issued for delivery or renewed in this state by a licensed insurer on or after the effective date of this regulation, unless the claims-made policy is issued for one of the following lines, sublines, risks or coverages: (1) Directors and Officers Liability; (2) Employee Benefits Liability; (3) Errors and Omissions Liability; (4) Excess Liability; (5) Fiduciary Liability; (6) Pollution and Environmental Impairment Liability; (7) Products and Completed Operations Liability; (8) Professional Liability; (9) Public Entity Liability; and (10) Commercial liability coverage for a large business entity generating gross revenues of at least one hundred million dollars ($100,000,000) annually, and where such risk develops an annual commercial general liability manual premium on a mature level on a claims-made basis of at least five hundred thousand dollars ($500,000). (11) Coverage for an individual risk or class of insurance based on a request by the insurer when such insurance is not generally available and is submitted to the Insurance Department and is approved by the Commissioner.