Module 8: Directors & Officers Professional Liability Insurance Introduction (CE-Eligible)

This module is eligible for CE credit for those who have insurance licenses. If you don’t have a license or don’t need CE credit, please purchase the non-CE eligible module instead. Both CE- and non-CE eligible modules count equally towards PLUS designations and/or certificate programs.

If you select this CE-eligible module, you’ll be required to do all of the following to receive credit:

• Purchase both the CE-eligible module ($325) and the separate CE-eligible exam registration ($75)
• Complete the CE-eligible module online in our LMS
• Complete the cumulative CE-eligible exam in a proctored setting with Prometric within 365 days of purchase

Submit your CE Request Form within 5 days of completing the CE-eligible exam

Module 8 | Directors & Officers Liability Insurance Introduction
This module begins with the fundamentals of Directors and Officers (D&O) Liability, its definitions and history. The importance of personal liability as it relates to directors and officers and the coverage provided under D&O policies is explained. Major securities and employment laws and statutes that create liability for directors and officers, duties of directors and officers, and the business judgment rule are explained. The principle of indemnification is key to D&O liability, so types of indemnification are identified and compared, and advancement and defense are also discussed. The material outlines major types of D&O claims and claimants in securities suits, derivative actions, and other actions. Major areas of the underwriting process are summarized, including differences between D&O liability and other types of PLI are summarized. The module concludes with the D&O claims management process, interaction between the Insurer and the Insured’s counsel, and allocation issues, particularly relating to entity coverage.

Module and exam copyright date: 2016

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