That’s only if the Direcotors and Officers insurer responds to...

That’s only if the Direcotors and Officers insurer responds to the claim.

Plenty of D&O policies don’t pay when there has not been a full disclosure at the time the policy is taken out. QBE requires full disclosure of anything necessary for the insurer to be fully informed about the application so it can be priced correctly. Well that might include disclosure of a blackmail conviction and the ACCC matter. In any event the BIG Financial Statements are annexed to the application for D & O insurance and if these are a tad misleading than the insurer might be entitled to a walk.

So was the insurer fully informed at the time the D&O policy was taken out. That is the question?