Advancement Of Defense Costs Provision

Advancement Of Defense Costs Provision,

What Does Advancement Of Defense Costs Provision Mean?

Responsibility of the Director and Officer A provision in the policy that requires the insurer to pay defense and compensation fees immediately. This clause eliminates the need for the director and the insurer or company to pay these costs before receiving compensation from the insurance company. This is an important aspect of coverage of directors and officers as the costs of defense and compensation associated with complaints against directors and officers are significant.

Literal Meanings of Advancement Of Defense Costs Provision

Advancement:

Meanings of Advancement:

1. The process of promoting a goal or project.

Sentences of Advancement

1. His life was dedicated to the advancement of science

Of:

Meanings of Of:

1. Expresses the relationship between the partial and the whole.

2. Express the relationship between scale and size and value.

3. Indicates an association between two entities, usually an association body.

4. It shows the relationship between the address and the reference point.

5. Express the relationship between a category or general type and specific items that fall into that category.

6. An indication of a substance or substance in which something has been done.

Synonyms of Of

made by, in, from, carried out by, done by, of, caused by, by

Defense:

Meanings of Defense:

1. Defending or carrying out an attack.

2. In any case, issues are raised by or on behalf of the plaintiff or defendant.

3. The act or role of defending a goal against an opponent (in sports).

Sentences of Defense

1. He defended the eccentric teacher

2. The farmers' defense was that they only wanted to hurt the thief

3. We play a strong defense

Synonyms of Defense

safeguarding, denial, guarding, rebuttal, protection, shielding

Costs:

Meanings of Costs:

1. Payment (a fixed amount of money) is required before buying or executing (goods or shares).

Sentences of Costs

1. Each issue of the magazine costs 1

Synonyms of Costs

be, be priced at, levy, amount to, toll, value, put a value on, put a price on, selling price, asking price, come to, tariff, sell for, fetch, fare, price, estimate the cost of, put a figure on, rental, fee

Provision:

Meanings of Provision:

1. Food, drink or luggage, especially for travel. Provide

2. Save a certain amount of money in the organization's account for known responsibilities.

3. Applying to make or use something.

4. The quantity or supply of something.

5. Terms or requirements in legal documents.

6. Beneficiary appointments, mostly directly from the pope, and not from the chief, and before the initial vacancy.

Sentences of Provision

1. The Civil Force contractor is responsible for providing the force

2. Financial institutions need to provide themselves with financial assistance to cover credit losses

3. New service agreement

4. Less social benefits

5. Important provisions of the Civil Rights Act

6. Consider another example of medieval populism in medieval England.

Synonyms of Provision

solutions, stipulation, arrangements, resource, furnish, services, outfit, rig out, supply, giving, equipment, requirement, distribution, delivery, clause, specification, providing, arm, allocation, term, presentation, facilities, fit up, provide, furnishing, purveying, equipping, resources, donation, amenities

Advancement Of Defense Costs Provision,

What Does Advancement Of Defense Costs Provision Mean?

• A clause in the Directors and Officers' Responsibility (D&O) Policy stipulates that insurers will have to pay defense and compensation costs when they incur costs. This section eliminates the need for policyholders or company directors and executives to pay these costs before they are reimbursed by the insurance company. This is an important aspect of A&D coverage because of the substantial defense and compensation costs associated with claims and directors and officers.

Literal Meanings of Advancement Of Defense Costs Provision

Advancement:

Meanings of Advancement:

1. The process of promoting a cause or project.

Sentences of Advancement

1. His life is dedicated to the advancement of science.

2. Technological advancement

Synonyms of Advancement

evolution, progress, extension, improvement, growth, expansion, forwarding, furtherance, advance, headway, spread, development

Of:

Meanings of Of:

1. Indicates the relationship between the two institutions, usually one of the parents, the title of the first sentence and the second related to it.

2. B spelling variations are found before F (as offensive).

Defense:

Meanings of Defense:

1. Defend yourself or act against an attack.

2. A case brought by the plaintiff or defendant or in civil proceedings.

3. The act or role of defending the opponent's goal or window (in sports).

Sentences of Defense

1. A defensive measure against such an attack.

2. The farmers' defense was that the purpose was only to harm the thief.

3. The wolves were pushed back to the defense.

Synonyms of Defense

mitigation, testimony, declaration, cover, advocacy, excuse, explanation, rationalization, justification, endorsement, deterrent, case, screen, shelter, approval, palliation, exoneration, resistance, extenuation, fortification, plea, reason

Costs:

Synonyms of Costs

go for, be valued at, quotation, hire charge, set someone back, rate, damage, market price, evaluate, estimate the price of, knock someone back, worth, valuation, face value, charge

Provision:

Meanings of Provision:

1. Supply or supply of goods

2. Quantity or thing delivered or delivered

Sentences of Provision

1. Changes to transport offers

2. Civilian contractors are responsible for supplying these troops.

Synonyms of Provision

caveat, opportunities, limitation, allowance(s), reservation, condition, assistance, means, proviso, rider, supplying, resource(s), funds, benefits, concession(s), restriction, qualification, offering

Advancement Of Defense Costs Provision,

Advancement Of Defense Costs Provision means,

1. A provision on directors and officers (D&O) insurance that requires the insurer to pay defense and compensation costs. This arrangement eliminates the need for the policyholder or the directors and executives of the company to pay these expenses before they are paid by the insurer. This is an important aspect of A&D coverage because of the substantial defense and compensation costs associated with claims and directors and officers.

Literal Meanings of Advancement Of Defense Costs Provision

Advancement:

Sentences of Advancement

1. Your life is dedicated to the advancement of science.

2. Technological advances

Of:

Meanings of Of:

1. Identify the association between two entities, usually an affiliation, the title of the first sentence and something related to it.

2. The spelling ob is merged before f (as is the case).

Sentences of Of

1. In New York, only a quarter of three

Defense:

Meanings of Defense:

1. The act of defending oneself against an attack.

2. In a civil case, a lawsuit brought by or against the defendant or defendant.

Synonyms of Defense

promotion, apologia, explication, apology, pleading, support, alibi, security, vindication

Costs:

Meanings of Costs:

1. Payment (amount of money) is required before receiving or performing (something or action).

Provision:

Meanings of Provision:

1. Quantity or item delivered or delivered.

2. Benefit dates, especially from the pope instead of the boss, and initially before his release.

Sentences of Provision

1. Changes in the level of transportation offered