TITLE

NEW REGULATIONS' IMPACT ON D&O INSURANCE

AUTHOR(S)
Layton, Lou Ann
PUB. DATE
June 2003
SOURCE
Financial Executive;Jun2003, Vol. 19 Issue 4, p44
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the impact that the U.S. Sarbanes-Oxley Act of 2002 (SOX) will have on director and officer (D&O) liability insurance. It states that SOX will have had an immediate impact on the underwriting process for D&O liability insurance, as well as on the coverage. It comments that underwriters require greater financial transparency, including a wider disclosure of various records such as backgrounds on audit committee members who serve as financial experts, audit committee attendance records, and financial transactions and reporting procedures.
ACCESSION #
9948424

 

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