Chapter 11

 Directors and Officers Liability Insurance

Introduction

Coverage Provided

Policy Interpretation

Who Is Insured

[A] Directors of Officers

[B] Insured Capacity

 

 

 

 

 

 

What Claims Are Covered

[A] Claims- made Nature of Policies

[B] Claim Defined

[C] Wrongful Act Defined

[D] Exclusion

[1] Insured versus Insured

[2] Fraud /Dishonesty

[3] Personal Profits

[4] return of Remuneration

[5] Securities Violations

[6] Regulatory Exclusions

[7] Other Exclusion

Insurer's Obligation To Pay

[A] Loss Under The Policy

[B] Defense Issues

[C] Allocation of Loss

[1] Party Allocation

[2] Claim Allocation

[3] Defense Costs

[4] Parties and Claims Not Alleged in Complaint

[D] Timing of Insurer's Obligation to pay

[E] Limits of insurer's Obligation to pay

 

Obligation of Insured

[A] Reporting

[B] Cooperation

 

*****Lecture seminar this course is 1.5 hours for Continuing Education (CE) This course includes current cases and the change of how the court view Exclusion in policy language. Course study for Professional Designation student  requires 4 hours study time.  

 

This course is to give the student a broad understanding of D&O coverage for directors and officers of a company their exclusion and how the policy applies. Not all directors are coverage under the policy. This is a great course for proper understanding how it applies in the insurance industry. A great course for Corporate Managers, Directors and officers. Up to date case view is also provided with this course.