Some Directors and Officers (D&O)liability Policies Include an Insuring Agreement

question 13

Multiple Choice

Some directors and officers (D&O) liability policies include an insuring agreement that covers the legal liability of a corporation arising out of the acts of directors and officers.This coverage for the organization is called

• A)blanket coverage.
• B)corporate reimbursement coverage.
• C)personal liability of directors and officers coverage.
• D)entity coverage.

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Definitions:

Ongoing Activities

Refers to tasks, projects, or operations that are currently in progress or continuously occurring.

Monitoring And Adjusting

The process of tracking progress and making necessary changes to ensure the successful completion of a plan or project.

Concurrent Control

The monitoring and adjusting of activities and processes in real-time to ensure project goals are met.

Low-Probability

Referring to events or outcomes that have a small chance of occurring, often used in risk assessment and decision-making processes.