Definitions
Exclusions
Terms and Conditions
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100

The reasonable and necessary fees, costs, etc. in the investigation, defense and appeal of a Claim

What are Defense Costs?

100
This exclusion is included in D&O policies to push Fiduciary Liability claims to the Fiduciary Liability policy?

What is the ERISA exclusion?

100

Unlike an occurrence form this type of contract must be in place in order to respond to a claim

What is a claims made contract? 

100

Sometimes called corporate indemnification coverage

What is Side-B?

100
Eight 8oz. glasses
What is the amount of water you should drink in a day?
200

Damages, settlements, judgments, etc.

What is Loss?

200

A lawsuit demanding that the insured make the plantiff's whole for the damage caused by an oil spill would likely not be covered by a D&O policy because of the ____________.

What is the bodily injury / property damage exclusion?
200

Shareholders, customers & clients, competitors, creditors, employees, administrative & regulatory agencies

Who are the most common D&O suits brought by?

200

Most of the time acquisition thresholds are based on a comparison of ___________ of the parent company and the acquired entity.

What are assets?

200

Best selling candy in the US

What are Reese's Peanut Butter Cups?

300

Entities that are greater than 50% owned directly or indirectly by the Named Insured

What are subsidiaries?

300

Continuity-wise, which exclusions is more restrictive -- a prior acts exclusion or a pending and prior litigation exclusion?

What is a prior acts exclusion?

300
In a public policy form, this Insuring agreement provides coverage for the entity but only for securities claims

What is Side-C?

300

Provides only non-indemnifiable coverage for individuals and may either apply as excess or drop down and pay first dollar

What is Broad Form Side-A?

300

What a group of crows is called

What is a murder?

400

Breach of duty, neglect, error, misstatement, omission or act, or any other matter against insured persons by reason of their status as such

What is a wrongful act?

400
This exclusion usually only applies if the behavior is established by a final and non-appealable adjudication

What is the conduct exclusion?

400

It is the insurer's obligation to defend claims and select counsel

What is duty to defend?
400

Another name for the recommended settlement provision

What is the Hammer Clause?

400

Who replaced Robert Baratheon as lord of the seven kingdoms and protector of the realm after his death?

Who is Joffrey?

500

Lawsuits, demand letters, administrative / regulatory proceedings, criminal proceedings and investigations of Insured Persons

What are claims?

500
This exclusion helps prevent the carrier from covering "in fighting"

What is the Insured vs. Insured exclusion?

500

The knowledge of one insured shall not be imputed to any other insured

What is severability of the application?

500

The preamble to exclusions that is more favorable for the insured because it only excludes the direct action

What is "for" wording?

500

What year was Lockton founded?

What is 1966?