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My condo association is making claims on a D and O policy for the legal defense of the association not for the directors Is this insurance fraud?
Wiki User
∙ 14y ago
When you write 'association', you are referring to a person. Without a person, the 'association' has no voice with which to make any claims.
If the person sits on the board of the association, then the person is part of the association -- as are all of its members. The person is a director and/or officer of the association.
The association cannot act independently of a person, a board -- some physical entity.
In the case of a claim against the association, persons from the board will be involved in the claim resolution, the directors and/or officers.
The D&O coverage covers people who hold these offices in the association.
Wiki User
∙ 14y ago
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