Will local policies be free-standing, separate limits?
Will local policies be part of a control-master
program where payment under the local policies
reduces a primary, master D&O policy?
With free-standing local limits, a
separate Application for
be required (you may be able to centrally negotiate
This may bring with it the risk of a break-in continuity
Even in control-master programs, separate Apps
under local law (a few countries require local underwriting)
In some countries, the limits will be free-standing due to local
law (Brazil, India)
Structure of Insurance: Free-Standing
or Controlled Master Program