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Will
local policies be free-standing, separate limits?
Or
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 coverage may be required (you may be able to centrally
negotiate this
away)
§This may bring with it the risk of a break-in
continuity
§Even in control-master programs, separate Apps may be required 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
