Presumptive Indemnification Provision,
Presumptive Indemnification Provision Definition:
A provision in most management and management (D&O) policies that, in the event of a loss, the company may have paid its directors and officers to the extent permitted by law, regardless of whether the company actually did so. Whether it does or not, compensates officers and executives. The provisions are large because a general D&O policy includes Self Insurance with Holding Tax (SIR) for Corporate Expenditure Compensation Coverage (Side B), but no direct D&O Insurance (Side A). There is no holding tax. At one point, companies chose not to compensate only the insured directors and executives and forced the insurers to cover the directors and executives for the first dollar. To avoid this, the insurance company D&O began incorporating compensation rules into its forms.
Literal Meanings of Presumptive Indemnification Provision
Meanings of Presumptive:
Assessment type without any additional information.
Sentences of Presumptive
Synonyms of Presumptive
suppositional, notional, tentative, hypothetical, conjectural, speculative
Meanings of Indemnification:
Compensation for any loss or damage.
Meanings of Provision:
Provision of food, drink or luggage especially for travel.
The organization owes a certain amount to the account.
The act of making something available or available for use.
Quantity or supply or delivery of goods.
A condition or requirement in a legal document.
Promises of benefits, especially directly from the Pope, not from the boss, and initially before being released.
Sentences of Provision
Civilian military contractors are responsible for providing these troops
Financial institutions need to protect themselves from default
New service agreement
Less social benefits
Basic provisions of civil rights
Consider another example of medieval populism in medieval England.
Synonyms of Provision
outfit, resource, services, amenities, delivery, supplying, arm, stipulation, furnishing, clause, purveying, furnish, supply, facilities, presentation, solutions, accoutre, term, equipment, arrangements, rig out, fit up, distribution