MLchartDataset catalogue

Nonimputation provision

Term · Insurance and risk management · MLC-T-INS-002339

A clause in a directors and officers liability insurance policy that prevents the wrongful acts or knowledge of one insured person from being attributed to other innocent insureds. This protects innocent directors and officers from having their coverage denied due to the misconduct of another. It is particularly relevant in cases of corporate fraud or malfeasance.

Table 1. Record
IdentifierMLC-T-INS-002339
FieldInsurance and risk management
SubjectManagement Liability
Record as JSON 
{
  "id": "MLC-T-INS-002339",
  "term": "Nonimputation provision",
  "field": "Insurance and risk management",
  "definition": "A clause in a directors and officers liability insurance policy that prevents the wrongful acts or knowledge of one insured person from being attributed to other innocent insureds. This protects innocent directors and officers from having their coverage denied due to the misconduct of another. It is particularly relevant in cases of corporate fraud or malfeasance.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/nonimputation-provision/"
}

Record 2,314 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.