Page 176 - Liability Insurance IC74

The Insurance Times

Claims shall mean : (i) Any writ or summons issued
against or served upon any Director or Officer for
any Wrongful Act, or (ii) any written communication
alleging a Wrongful Act communicated to any
Director or Officer.

There are two insured is under the policy - the
directors and officers of the company, and the
company itself. The coverage is granted in two parts:

19. Payment on behalf of the Directors or Officers of
the company for any Loss arising from any claim
was made against them during the period of
insurance and notified to the underwriters during
the period of insurance for any Wrongful Acts
committed in the capacity of Director or Officer of
the company except for the extent that the company
has indemnified the Directors and the Officers.

20. Payment on behalf of the Company for any Loss
arising from any claim first made against the
Directors or Officers during the period of insurance
and notified to the underwriters during the period of
insurance for any Wrongful Acts committed in the
capacity of Director or Officer of the Company but
only when and to the extent that the Company shall

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