MLchartDataset catalogue

Security holder exclusion

Term · Insurance and risk management · MLC-T-INS-003045

A directors and officers policy exclusion for claims brought by security holders of the organization with the assistance, participation, or encouragement of an insured director or officer. It aims to block collusive suits in which one insider uses a shareholder as a front to sue another insider. Shareholder suits instigated independently of the insureds, such as securities class actions, are not affected by it.

Table 1. Record
IdentifierMLC-T-INS-003045
FieldInsurance and risk management
SubjectManagement Liability
Record as JSON 
{
  "id": "MLC-T-INS-003045",
  "term": "Security holder exclusion",
  "field": "Insurance and risk management",
  "definition": "A directors and officers policy exclusion for claims brought by security holders of the organization with the assistance, participation, or encouragement of an insured director or officer. It aims to block collusive suits in which one insider uses a shareholder as a front to sue another insider. Shareholder suits instigated independently of the insureds, such as securities class actions, are not affected by it.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/security-holder-exclusion/"
}

Record 3,070 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.