Extract to table

This is standard for D&O insurance and means that coverage applies only to claims that satisfy two temporal requirements: (a) the claim must be first made against an insured person during the policy period (February 8, 2024 through February 8, 2025); and (b) the claim must be reported to the insurer during the policy period or during any applicable extended reporting period

However, the exclusion must be subject to appropriate exceptions to avoid excluding legitimate claims

employment discrimination claims, whistleblower retaliation claims) should be excepted from the exclusion; (c) Claims brought by a bankruptcy trustee, receiver, or examiner — in an insolvency scenario, claims brought by a court-appointed fiduciary against former directors and officers are legitimate and should not be excluded; and (d) Cross-claims and counterclaims — insured persons who are brought into litigation as cross-defendants or who must assert counterclaims against other insureds should not be penalized by the exclusion