A-Side Plus® Coverage
A-Side Plus® coverage provides a simple, cost-effective solution to maximize protection for the bank’s directors and officers, when they need it most—when the bank is unable to provide indemnification, as in the case of certain shareholder suits, securities law violations, or bank insolvency.
Key Features
When the bank is unable to indemnify the directors and officers, A-Side Plus® maximizes D&O protection through these unique features:
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dedicated limit of liability; |
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Coverage is non-rescindable, even when the base D&O Policy is rescinded due to discovery of fraud; and |
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Coverage for illegal profit allegations, until final adjudication. |
Availability
Coverage is available as an endorsement to the D&O Policy.