Section 9.6 Function of the Application

LibraryInsurance Practice 2015

As in any insurance relationship, the director and officer liability application is an opportunity for insureds to communicate their coverage needs and for the insurer to obtain the information from which it can determine the degree and extent of risk that coverage for the applicant will entail and to tailor the terms and conditions of the insurance contract accordingly. The applicant is typically asked to:

· provide data regarding the financial condition and...

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