Do MYGA carriers require E&O that includes annuities?

[Special Agent]

I am getting ready to renew my E&O and was wondering if i need to add the extra coverage for annuities if i only write MYGAs ? I didn't have the annuity coverage last year and was able to get appointed with Oceanview but don't know if other MYGA products require it.

 

[goillini52]

I am getting ready to renew my E&O and was wondering if i need to add the extra coverage for annuities if i only write MYGAs ? I didn't have the annuity coverage last year and was able to get appointed with Oceanview but don't know if other MYGA products require it.

Yes. Many E & O carriers have annuities packaged in (minus variable).