N.Y. Comp. Codes R. & Regs. tit. 11 § 262.6

Current through Register Vol. 46, No. 45, November 2, 2024

Section 262.6 - Directors and officers insurance limitations

A directors and officers liability insurance policy that provides coverage for the acts of an officer or director of a corporation, as such term is defined in section 262.5(b)(1) of this Part, shall not provide coverage where indemnification is not permitted pursuant to the Business Corporation Law, Not-for-Profit Corporation Law, Banking Law or other applicable corporate statute.

N.Y. Comp. Codes R. & Regs. Tit. 11 § 262.6