Which of the Following Is a Problem That May Be

question 69

Multiple Choice

Which of the following is a problem that may be addressed by directors and officers obtaining separate coverage or a further layer of insurance coverage independently from the corporation?

• A) rescission of D&O liability coverage
• B) cancellation of D&O liability coverage
• C) exhausting D&O coverage
• D) exclusions in D&O coverage

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Definitions:

Reconstruction Finance Corporation

A government corporation in the United States that provided financial support to banks, railroads, and other businesses to stimulate the economy during the Great Depression.

Purchasing Power

The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.

Public-Works Projects

Government-funded projects designed to create infrastructure benefiting the public, such as roads, bridges, and schools.

Direct Relief

A form of assistance given directly to needy individuals and families by government or charitable organizations, typically in the form of food, housing, or medical aid.