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Message From Berkely on Royal Olympia Cruise Lines Bankruptcy

January 9, 2004

Message From Berkely on Royal Olympia Cruise Lines Bankruptcy
January 9, 2004 – As you may be aware, the ship-owning subsidiary of Royal Olympia Cruise Lines filed for Chapter 11 bankruptcy protection December 17, 2003.

The NTA Travel Protection Plan provides coverage when a Travel Supplier ceases operations 10 or more days after the client purchased the plan, provided that the Travel Supplier had not filed for bankruptcy protection prior to plan purchase.

Should Royal Olympia cease operations – either in entirety or for a particular sailing – the NTA protection plan would reimburse eligible insureds (i.e. meeting the above criteria) the amount not refunded by the cruise line due to bankruptcy. Please note that to our knowledge, thus far, Royal Olympia is refunding the cruise cost for travelers affected by canceled sailings.

Any of your customers currently seeking coverage for Royal Olympia trips should be advised that purchasing your NTA Travel Protection Plan now will not protect them if their trip is cancelled due to Royal Olympia ceasing operations, as the filing for bankruptcy protection has already occurred. However, travelers who are now purchasing the NTA Travel Protection Plan would still have coverage if their trip were to be cancelled due to any other covered reasons listed in the plan (such as illness, injury or death).

Should you, your staff or customers have any questions regarding NTA Travel Protection plan, please feel free to contact us at 1-800-388-1470.

Thank you,
Geni Priolo
Account Executive
NTA Travel Protection Program

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