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This clause typically outlines the scope of coverage, including what types of claims are covered, any exclusions, and the limits of liability. For example, it may specify that the insurer will cover legal defense costs and settlements related to alleged wrongful acts, but exclude coverage for fraud or personal profit. The core function of this clause is to protect directors and officers from personal financial loss due to lawsuits, thereby encouraging qualified individuals to serve in these roles without undue fear of liability."}, "json": true, "cursor": ""}}