The Coverage Enhancement Option (CEO) is a continuous endorsement that provides for increased protection above that offered under the MPCI program. The CEO coverage elected must be at least five percentage points higher than the underlying MPCI coverage level with a maximum election of 85% (i.e., 55%, 60%, 65%, 70%, 75%, 80%, 85%). CEO provides increased coverage at the same premium rate as the underlying MPCI coverage. Losses under the CEO program are triggered at the same point as the underlying MPCI policy.
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