return of remuneration exclusion
The return of remuneration exclusion is an exclusion found within directors and officers (D&O) liability policies precluding coverage for claims arising from allegations that monies were paid to directors or officers without stockholders' approval.
return of remuneration exclusion
The return of remuneration exclusion is an exclusion found within directors and officers (D&O) liability policies precluding coverage for claims arising from allegations that monies were paid to directors or officers without stockholders' approval.
Additional Information
Favorable versions of this exclusion state that coverage does, however, apply to the costs of defending such allegations.
