Financial lines

Course questionnaire: who pays when a director faces a claim?

Six questions on this course's question: who pays when a director faces a claim.

6 questions, 5 minutes

Course questionnaire

Easy questions on the central ideas of the course, several of them true or false. Get 5 out of 6 right and the course is passed. After each answer, you see whether it is right, and why.

1 / 6

Answers are marked together when you submit: choose, move on to the next one, and your score comes at the end.

Who can be insured under the directors' policy without ever having held a corporate office?

Review

Every question, its answer and the reasoning

The same material, in continuous reading. Each point links to the matching glossary entry, where the notion is covered in full with its worked example.

Course questionnaire: who pays when a director faces a claim?

Every question, its answer and the reasoning

1. Who can be insured under the directors' policy without ever having held a corporate office?

2. True or false: of the three parts A, B and C of a directors' policy, only part A protects the director's personal assets.

3. True or false: in insolvency proceedings, settling becomes harder because the claimant acts for the creditors and not for itself.

4. By volume, what is the main benefit a directors' policy pays?

5. In a severable policy, which clause can turn what one person knew against everyone?

6. True or false: when two directors retain separate counsel, their two defenses together cost what a joint defense would have cost.