Director and Officer Liability Insurance

Started by Jadedone4 • 4 replies • 1328 views

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Jadedone4 (Virginia)
Posts: 495

Posted:

Should be an issue question....

When there is a changing of the Guard, the President, Vice President, Secretary, Treasurer, does the policy need updating to add the new names - or is for the HOA, and whoever is currenty President, VP, Secretary, Treasurer...?

RogerB (Colorado)
Posts: 5,067

Posted:

No need to revise names. The policy is issued to the association without any names of officers or Board members.

Jadedone4 (Virginia)
Posts: 495

Posted:

Thanks Roger... this follow-up question is more of a "duh" question. Shouldn't new directors either have a copy, or at least view the policy (check for existance, currency, etc)?

Jadedone4 (Virginia)
Posts: 495

Posted:

Thanks Roger... this follow-up question is more of a "duh" question. Shouldn't new directors either have a copy, or at least view the policy (check for existance, currency, etc)?

RogerB (Colorado)
Posts: 5,067

Posted:

Jadedone, some directors ask for a copy. However, almost all I've been associated with do not.

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