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Because Corporation is insolvent, Director is being sued personally by a third party for decisions made in the performance of his duties for Corporation. By

Because Corporation is insolvent, Director is being sued personally by a third party for decisions made in the performance of his duties for Corporation. By resolution, Corporation provides for the indemnification of its directors and officers. Corporation's policy of D&O insurance will: Question 4 options: A) be unnecessary, as this situation is covered by indemnification. B) provide coverage for Director, as this situation is not covered by indemnification. C) provide coverage for Director, subject to the terms and exclusions of the insurance policy. D) provide supplemental coverage, to the extent this situation is not covered by indemnification

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