X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Many states, including Delaware, have passed statutory protections which provide directors and officers with advancement and indemnifications rights.  When a director or officer is sued, the corporation advances defense expenses (and generally seeks reimbursement for that advancement under Side-B of its directors and officers insurance policy).  But the statutory protections for advancement and indemnity are not applicable to all individuals affiliated with the company – they generally apply only to directors and officers.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.