What it does
PR 02 00 increases the number of days of notice the insurer gives before cancelling to the number of days shown in the endorsement.
Program context
ISO's medical professional liability (PR) program provides separate coverage forms for physicians, surgeons and dentists; hospitals; allied health care providers; blood banks; diagnostic testing laboratories; optometrists; and veterinarians, each in an occurrence version and a claims-made version, with matching declarations (PR DS 01 to PR DS 07) and shared endorsements. Forms lists show the 09 08 edition as current. ISO has filed this as its Simplified Medical Professional Liability program.
Who needs it
Practitioners whose hospital credentialing, managed care contracts or facility agreements require extended notice of cancellation.
Quoting and selling notes
- Enter the number of days required by the contract.
- State cancellation rules may already require longer notice in some situations.
- Illinois uses its own cancellation and nonrenewal endorsement (PR 02 05).
