Coverage classification
- Form type
- Exclusions
- Product lines
- Management LiabilityDirectors and Officers Liability
Compare Insolvency exclusion forms
| Form | Intent | Events addressed | Policy context |
|---|---|---|---|
QBE Insurance CorporationInsolvency Exclusion Endorsement MLPL-FO-2089 (07-26) Management Liability | Adds an exclusion addressing insolvency of a company. | Also addresses appointment of specified officials to control, supervise, manage or liquidate a company. | Modifies a family offices and trusts policy; the definition of Company is supplied by the policy. |
Beazley Insurance Company, Inc.Bankruptcy/Insolvency Exclusion E13387 102019 ed. Directors and Officers Liability | Adds an exclusion for bankruptcy, insolvency or financial failure of insureds. | Also addresses insureds seeking protection under federal bankruptcy law or similar law and related matters. | Amends the private organization directors, officers and entity liability coverage section. |
Notable clauses
“receiver, conservator, liquidator, trustee, rehabilitator or similar office”
QBE Insurance Corporation · Insolvency Exclusion Endorsement · MLPL-FO-2089 (07-26)
Court-appointed officials. The wording also addresses appointment of an official to control, supervise, manage or liquidate a company.
“any of the Insureds seeking protection under federal bankruptcy law or any similar law or regulation”
Beazley Insurance Company, Inc. · Bankruptcy/Insolvency Exclusion · E13387 102019 ed.
Bankruptcy protection. The form expressly addresses insureds seeking protection under bankruptcy or similar laws.
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