There are two types of disability insurance policies: permanent total disability and  permanent total disability with a loss-of-value rider. Stanford’s Compliance Services  Office is here to assist Stanford student-athletes and their families when considering  purchasing disability insurance.  
DAPER may utilize institutional funds, under the conditions outlined in this policy, to  enable student-athletes to purchase Permanent Total Disability (PTD) insurance to  protect against projected future loss of earnings as a professional athlete due to a  disabling injury or illness that may occur during their intercollegiate career at Stanford.  

Types of Insurance Programs 
● Permanent Total Disability (PTD) Insurance – Protects student-athletes against  future loss of earnings (subject to policy limits) as a professional athlete due to an  injury or sickness that occurs during their collegiate career and permanently ends  their athletic career.  
● Loss of Value (LOV) Rider – Protects against the risk that a student-athlete’s  actual draft position (and earnings as a professional athlete) will be less than  projected as a result of an injury or illness suffered during their collegiate career.  This is an optional feature that may be added to a PTD policy at the student athlete’s expense. 

Eligibility for Funding 
The student-athlete must meet all NCAA, Conference, and Stanford requirements to be  eligible to compete for the current and upcoming academic year and must adhere to all  team rules and other requirements established by DAPER.  

The student-athlete is expected to play in any game for which they are eligible and cleared  to participate by Stanford Sports Medicine. If a student-athlete elects not to play in any  game while eligible and medically cleared it is at the discretion of DAPER to require the  student-athlete to repay the amount of the insurance premium provided by Stanford. 

The student-athlete must agree that, in the event they withdraw from the institution,  transfer, or professionalize themselves before the start of their next designated NCAA  championship playing season (“championship segment”), the student-athlete must repay 100% of the insurance premium provided by Stanford. 
Last Updated: 6/8/2023 

In the event the student-athlete withdraws from the institution, transfers, or  professionalizes themselves before the completion of their next designated championship  segment, it is at the discretion of DAPER to require the student-athlete to repay all or part  of the insurance premium provided by Stanford. 

If repayment is required by Stanford, the student-athlete must repay the premium  provided by Stanford within one year of the date funding was provided. The student athlete agrees that if Stanford is required to pursue legal action to recover the premium,  Stanford shall be entitled to recover its reasonable legal fees and costs in addition to  recovery of the premium.  

Coverage Provided by Stanford 
If the student-athlete meets the institutional criteria established in this document to be  considered for institutional funding, the student-athlete must work cooperatively with Stanford’s Athletics Compliance Office, specifically, their sport’s compliance staff liaison, to provide the information necessary to obtain a quote from the NCAA Exceptional  Student-Athlete Disability Insurance Program (“NCAA ESDI Program”), and more  specifically the NCAA ESDI Program’s insurance provider, Tokio Marine HCC, to  determine eligibility for coverage.  

• For a student-athlete who qualifies for coverage through the NCAA ESDI Program,  DAPER will provide coverage, at no additional cost to the student-athlete, for a  premium that allows up to $3,000,000 PTD policy as quoted by Tokio Marine HCC. 
• For all other student-athletes not covered by the NCAA ESDI Program, those who  have shown significant earnings potential as a professional athlete and who qualify  for a PTD policy through Tokio Marine HCC, DAPER will provide coverage at no  additional cost to the student-athlete, for a premium that allows up to $3,000,000  PTD policy as quoted by Tokio Marine HCC. 

If the student-athlete prefers a different insurance carrier, the student-athlete must  provide their compliance staff liaison with the quoted coverage and premium from the  insurance provider of choice. Stanford will pay the premium up to the amount quoted by  Tokio Marine HCC, and based on the coverage levels authorized in this policy.
Last Updated: 6/8/2023 

Institutional Funding Deadlines 
To request a determination of eligibility for coverage, the student-athlete must submit their  written request [via email] to their sport’s compliance staff liaison by the deadlines outlined  below. 
 

Fall Sports 
• A determination of eligibility for coverage must be made by July 1.  
• If the student-athlete is found to be eligible for coverage, the student-athlete must  finalize coverage prior to the official report date of the individual’s sport, or the first  day of classes in the academic year, whichever is earlier.  

Winter and Spring Sports 
• A determination of eligibility for coverage must be made by September 1.  
• If the student-athlete is found to be eligible for coverage, the student-athlete must  finalize coverage prior to November 15, or the first contest of their sport’s  championship segment, whichever is earlier. 
The Compliance Services Office considers coverage to be finalized once the student athlete provides their compliance staff liaison with a signed copy of their fully executed  insurance policy. 
Barring exceptional circumstances documented in writing and approved by the  Compliance Services Office, if a student-athlete fails to meet the institutional funding  deadlines, DAPER will cover at most half of the premium for $3,000,000 PTD policy as  quote by Tokio Marine HCC. 
Any requests for exceptions to this policy, including requests for coverage beyond the  stated amounts, or requests submitted after the deadline, must be reviewed and approved  by the Student-Athlete Insurance Review Committee (Committee). 

For Questions: 

Caitlyn Francis

Director, Compliance Services

Stanford University

cmf2010@stanford.edu

(c): 774.563.8023