Common use of Severability and Non-Imputation Clause in Contracts

Severability and Non-Imputation. The knowledge, conduct, fault or statements of one Insured Person shall not be imputed to any other Insured Person to determine whether coverage is available for such other Insured Person. The Policyholder shall only be imputed with the knowledge, conduct, fault or statements of its following representatives (or their equivalent in any jurisdiction): i. Chief Executive Officer or all members of the management board or equivalent body if no Chief Executive Officer has been appointed, and/or ii. President or Chairman of the Board or other highest supervisory body, and/or iii. Chief Financial Officer, and/or iv. Chief General Counsel, and/or v. Chief Risk or Insurance Manager, and/or vi. Head of any affiliated or in-house insurance broker.

Appears in 2 contracts

Sources: Directors and Officers Liability Insurance, Directors and Officers Liability Insurance Policy