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Summary of: 
The TigerMark™ Insurance Policy

TigerMark™ is an insurance policy purchased by an issuer which provides coverage for covered claims made against the issuer and its directors and officers from investors who allege they have lost their investment (in part or in whole) due to specified wrongful conduct of the issuer or its management.  Some coverage is also provided for the crowdfunding platform in such claims.

Subject to its full term, conditions and exclusions, the policy will provide coverage for claims brought by a crowdfunding investor against an Insured alleging THEFT OF FUNDS or MISUSE OF FUNDS by an Insured, or material intentional MISREPRESENTATION by an Insured in the offering documents, that in any such case led to a loss of some or all of the investor’s investment in the issuer.  (Bold words are defined in the Policy.) 

The maximum amount a claimant may recover is the total amount of his or her investment in the crowdfunded issuer. 

An investor may request confirmation that an issuer has requested the TigerMark™ policy and the insurer or its agent has agreed to issue the insurance policy to an issuer by emailing such request to InvestorRequest@assurely.com.   However, no insurance is effective until the crowdfunding raise is successfully completed, and the insurance carrier has received the full premium for coverage from the issuer or from the ESCROW company or platform on the behalf of the issuer.

Like all insurance policies, coverage under the Policy is limited to covered risks and is subject to certain exclusions and other limitations. More information about the exclusions can be found by viewing the policy.

WARNING:  TIGERMARK IS AN INSURANCE POLICY WHICH CAN PAY TO AN INVESTOR UP TO 100% OF HIS OR HER INVESTMENT IN THE EVENT OF A COVERED CLAIM. IT IS NOT, HOWEVER, A GUARANTEE OF PERFORMANCE OR A GUARANTEE OF INVESTOR RETURN.

WARNING:  THE ABOVE IS AN INFORMAL SUMMARY OF THE COVERAGE AFFORDED UNDER THE TIGERMARK INSURANCE POLICY.  IN THE EVENT OF AN ACTUAL CLAIM, THE TERMS AND CONDITIONS OF THE POLICY ITSELF, AND NOT THIS INFORMAL SUMMARY, WILL APPLY.