White Paper / Risk Management
Global Directors & Officers Insurance Programs

The use of prohibited non-admitted insurers and payment of insurance premium tax can bring about a breach of regulations in various territories across the globe. When the insurance placement in question is Directors & Officers Liability, various risks should be considered in detail before proceeding with a non-compliant program.

In this report, Ray Pallett from Lockton Financial Risks explains that the solution to a non-compliant D&O program is a globally compliant placement with an insurer that has the relevant capabilities to issue locally placed policies, administer premium taxes, and provide indemnification and claims payments on the ground for the local directors.

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