Which of the Following Statements Concerning Directors and Officers Liability

question 14

Multiple Choice

Which of the following statements concerning directors and officers liability insurance (D&O) is (are) 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:

Syllogistic Steps

The individual stages of reasoning in a syllogism, including the establishment of premises and the deduction of a conclusion.

Virtuous

Exhibiting moral excellence or righteousness.

Society

A structured community of individuals linked by cultural, economic, political, or social relationships.

Sails

Large pieces of fabric attached to the mast of a boat or ship, designed to catch the wind and propel the vessel forward.