{"component": "definition", "props": {"groups": [{"samples": [{"hash": "hTg5kgbN8yq", "uri": "https://www.beazley.com/globalassets/product-documents/policy-form/beazley-ml-execuguard-policy-form-dando-f00604092016ed-us.pdf", "label": "www.beazley.com", "score": 6.694729805, "published": false}, {"hash": "9EzsDAZBLJv", "uri": "http://www.allegianceunderwriting.com/_docs/Beazley%20One%20Management%20Liability%20Forms.pdf", "label": "www.allegianceunderwriting.com", "score": 6.6468172073, "published": false}, {"hash": "3mcJ1hvLY5i", "uri": "https://www.beazley.com/documents/Management%20Liability/Package/BeazleyOneManagementLiab_Policy.pdf", "label": "www.beazley.com", "score": 5.0, "published": false}], "snippet": "means a written demand by one or more owners of voting securities of the Insured Organization upon the board of directors of the Insured Organization to bring a civil proceeding in a court of law against any of the Insured Persons for a Wrongful Act.", "snippet_links": [{"key": "written-demand", "type": "definition", "offset": [8, 22]}, {"key": "voting-securities", "type": "definition", "offset": [48, 65]}, {"key": "insured-organization", "type": "definition", "offset": [73, 93]}, {"key": "the-board-of-directors", "type": "definition", "offset": [99, 121]}, {"key": "court-of-law", "type": "clause", "offset": [183, 195]}, {"key": "insured-persons", "type": "clause", "offset": [215, 230]}, {"key": "wrongful-act", "type": "clause", "offset": [237, 249]}], "size": 6, "hash": "c6f8425a7f2b34a06c302225e29a8274", "id": 1}, {"samples": [{"hash": "fV7HwP6gn31", "uri": "/contracts/fV7HwP6gn31#derivative-demand", "label": "Directors, Officers and Entity Liability Coverage", "score": 26.226556778, "published": true}, {"hash": "caFzGXzNvpp", "uri": "/contracts/caFzGXzNvpp#derivative-demand", "label": "Directors and Officers Liability Insurance Policy", "score": 22.6084880829, "published": true}, {"hash": "aaCElAbYpTZ", "uri": "https://assets.thehartford.com/image/upload/pco_health_d_o.pdf", "label": "assets.thehartford.com", "score": 12.4433231354, "published": false}], "snippet": "means any written demand by any security holders of an Insured Entity, in their capacity as such, upon the board of directors or managers of such Insured Entity to bring a civil proceeding against a Manager for a Wrongful Act of such Manager if such demand is made without the assistance, participation or solicitation of any Manager. 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Reporting Period, if applicable.", "However, any Loss, Voluntary Program Loss or Securityholder <strong>Derivative Demand</strong> Evaluation Costs paid under any Liability Coverage Part shall not exceed the Maximum Aggregate Limit of Liability set forth in Item 2 of the Declarations of such Coverage Part.", "The Insurer shall pay on behalf of the Company all Security Holder <strong>Derivative Demand</strong> Investigation Costs as a result of any Security Holder <strong>Derivative Demand</strong> first made during the Policy Period and reported to the Insurer as required by this Policy.", "Upon satisfactory proof of payment by the Organization, the Underwriter will reimburse the Organization, up to the Securityholder <strong>Derivative Demand</strong> Sublimit stated in ITEM 4 of the Declarations, for Investigative Costs actually paid by the Organization in connection with any Securityholder <strong>Derivative Demand</strong> first made during the Policy Period or applicable Extended Reporting Period.", "The Insureds\u2019 option to tender the defense does not apply to the coverage afforded under Coverage D or Coverage E of this Coverage Element, and it shall remain the duty of the Company and not the duty of the Insurer to respond to, investigate or otherwise evaluate any Adverse Media Event or <strong>Derivative Demand</strong>.", "The Insurer shall pay on behalf of the Insured Entity all Security Holder <strong>Derivative Demand</strong> Investigation Costs as a result of any Security Holder <strong>Derivative Demand</strong> first made during the Policy Period and reported to the Insurer as required by this Policy.", "The Retention specified in Item 5 of the Declarations shall apply to Loss resulting from each Claim, except that no Retention shall apply to Loss under Insuring Agreement I.A, Coverage Extension II.B(1) or to Company Coverage for <strong>Derivative Demand</strong> Investigation Costs under Coverage Extensions II.A."], "related": 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