Which of the Following Would Strongly Support Rescission of Coverage

question 40

Multiple Choice

Which of the following would strongly support rescission of coverage for D&O liability insurance?

• A) inclusion of a well-drafted severability clause
• B) any misrepresentation made in the policy application
• C) lack of a non-cancellation clause
• D) imposition of liabilities imposed on the directors and officers

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Definitions:

Position Papers

Written documents that present an argument or viewpoint on a specific issue, often used in academic, political, or legal contexts.

Organization's Official Position

A formal statement or stance that an organization takes on a specific issue or topic.

Company's Success

The achievement of desired visions and planned goals, leading to a positive outcome for a company.

Critical Risks And Problems

Significant challenges or threats that could impact the success of a project or venture.