Marginal note:Directors’ and officers’ insurance
847 An insurance holding company may purchase and maintain insurance for the benefit of any person referred to in section 846 against any liability incurred by the person
(a) in the capacity of a director or an officer of the insurance holding company, except where the liability relates to a failure to act honestly and in good faith with a view to the best interests of the insurance holding company; or
(b) in the capacity of a director or an officer of another entity where the person acts or acted in that capacity at the insurance holding company’s request, except where the liability relates to a failure to act honestly and in good faith with a view to the best interests of the entity.
- 2001, c. 9, s. 465
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