Foreign title equivalent coverage provision

Term · Insurance and risk management · MLC-T-INS-001567

A clause in the definition of insured persons in a directors and officers policy that treats people holding a position outside the United States equivalent to a director or officer as covered, even though their local title differs from the titles named in the policy. Examples are the managing director of a United Kingdom company or the manager of a German GmbH. Policies usually phrase it as an extension to equivalent positions in foreign jurisdictions.

Table 1. Record
Identifier	MLC-T-INS-001567
Field	Insurance and risk management
Subject	Management Liability

Record as JSON

{
  "id": "MLC-T-INS-001567",
  "term": "Foreign title equivalent coverage provision",
  "field": "Insurance and risk management",
  "definition": "A clause in the definition of insured persons in a directors and officers policy that treats people holding a position outside the United States equivalent to a director or officer as covered, even though their local title differs from the titles named in the policy. Examples are the managing director of a United Kingdom company or the manager of a German GmbH. Policies usually phrase it as an extension to equivalent positions in foreign jurisdictions.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/foreign-title-equivalent-coverage-provision/"
}

Record 1,450 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.