Financial restatement exclusion

Term · Insurance and risk management · MLC-T-INS-001515

A provision in a directors and officers (D&O) liability insurance policy that denies coverage for claims arising from or related to a company's restatement of its financial results. This exclusion aims to limit the insurer's exposure to losses stemming from accounting errors or fraud that necessitate a public correction of financial statements. It typically applies to defense costs and indemnity payments associated with such claims.

Table 1. Record
Identifier	MLC-T-INS-001515
Field	Insurance and risk management
Subject	Management Liability

Record as JSON

{
  "id": "MLC-T-INS-001515",
  "term": "Financial restatement exclusion",
  "field": "Insurance and risk management",
  "definition": "A provision in a directors and officers (D&O) liability insurance policy that denies coverage for claims arising from or related to a company's restatement of its financial results. This exclusion aims to limit the insurer's exposure to losses stemming from accounting errors or fraud that necessitate a public correction of financial statements. It typically applies to defense costs and indemnity payments associated with such claims.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/financial-restatement-exclusion/"
}

Record 1,393 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.