Which of the Following Statements Concerning Directors and Officers Liability

question 6

Multiple Choice

Which of the following statements concerning directors and officers liability insurance (D&O) is true?
I.D&O policies usually cover the personal liability of directors and officers.
II.D&O policies exclude coverage for claims brought by employees and by stockholders.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Minimum Wage Law

Legislation establishing the lowest hourly wage that employers can legally pay their workers.

Unconstitutional

Something that does not conform to the principles or rules set out in a country's constitution, rendering it invalid or unenforceable.

Kelo v. City of New London

A U.S. Supreme Court case deciding on the use of eminent domain to transfer land from one private owner to another to further economic development.

Takings Clause

A clause within the Fifth Amendment to the U.S. Constitution that bars the government from appropriating private land for public benefit without providing adequate payment.