ACE Bermuda International Intros CODA Directors and Officers Liability Insurance Policy
Proquest LLC |
ACE reported the launched of the next evolution of the CODA Premier Directors and Officers Liability Policy.
In a release, the Company noted the CODA Premier policy is available in the
"CODA's breadth of coverage coupled with ACE's financial strength and multinational service capabilities ensure directors and officers can focus on effectively and efficiently managing their companies with the security of knowing that they are ACE insured" said
Features:
-Two free reinstatements of the limits
-Additional, free six year insolvency reporting period
-Additional, free automatic reporting period of unlimited duration for former directors and officers
-Separate funds established, including
-Broadened definition of claim and insureds
-Expanded definition of loss to include
-Expanded recognition of underlying limit erosion
-Automatic policy renewal capabilities
-Definition of non-indemnifiable loss includes failure of the company to indemnify within 60 days after the insureds request such indemnification
-Expanded definition of claim to include
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