MLchartDataset catalogue

Major shareholder exclusion

Term · Insurance and risk management · MLC-T-INS-002102

A provision in a Directors and Officers (D&O) liability insurance policy that excludes coverage for claims brought by a shareholder who owns a specified percentage of the company's voting stock. This exclusion prevents claims from individuals who have substantial control over the company's operations and decisions. The threshold for a major shareholder is commonly set at 10% or 15% ownership.

Table 1. Record
IdentifierMLC-T-INS-002102
FieldInsurance and risk management
SubjectManagement Liability
Record as JSON 
{
  "id": "MLC-T-INS-002102",
  "term": "Major shareholder exclusion",
  "field": "Insurance and risk management",
  "definition": "A provision in a Directors and Officers (D&O) liability insurance policy that excludes coverage for claims brought by a shareholder who owns a specified percentage of the company's voting stock. This exclusion prevents claims from individuals who have substantial control over the company's operations and decisions. The threshold for a major shareholder is commonly set at 10% or 15% ownership.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/major-shareholder-exclusion/"
}

Record 2,066 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.