What Is the Purpose of Directors and Officers Liability Insurance

question 30

Multiple Choice

What is the purpose of directors and officers liability insurance?

• A) to extend coverage to include the corporation's liability against security claims
• B) to provide coverage that includes a well drafted severability clause
• C) to reimburse the corporation for amounts paid to indemnify officers and directors
• D) to provide protection over and above indemnification by the corporation

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