(CODA) formed by 53 US corporations to provide a solution to the lack of D&O insurance for personal asset protection.
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Pollution carve-out of the bodily injury/property damage exclusion.Non rescission of policy for financial restatements.Introduces dedicated independent directors policy.Defense costs carve out of the conduct exclusions.Independent directors carved-out of the conduct exclusions.Optional additional limit for independent directors within the CODA policy.Introduces dedicated officers only policy.DIC feature responds within 60 days if the Company or an underlying carrier fails to pay.Introduces dedicated Retired Directors policy.Introduces dedicated Retired Officers policy.Coverage for arbitration costs outside the limit.Insured and bodily injury/property damage exclusions. Board empowered carve-outs to Insured v.CODA celebrates 25 years of innovation and service.CODA was formed by its policyholders in 1986 and acquired by ACE Bermuda in 1993.ĬODA's history timeline demonstrates our commitment to innovation and the development of market leading products that respond effectively to the changing demands of our insureds. In 2006, Chubb expanded the CODA brand and launched a CODA policy designed specifically for the UK market.
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Since 1986 the CODA policy has protected a significant number of directors and officers of Fortune 1000 companies. (CODA) was formed in 1986 by 53 US corporations to provide a solution to the lack of D&O insurance for personal asset protection. Corporate Officers & Directors Assurance Ltd.