Home > Glossary

Foreign Title Equivalent Coverage Provision

Foreign Title Equivalent Coverage Provision

Definition

An endorsement to directors and officers (D&O) liability policies extending coverage to individuals working in the foreign subsidiaries of the insured organization. The endorsement affords coverage to persons whose duties, responsibilities, and legal liability exposures are similar if not identical to their U.S. counterparts but whose official titles are not "director" or "officer" and are therefore not covered, absent this endorsement.

Related Products

Navigation

Social Media

User ID: Subscriber Status:Free