What does Foreign Title Equivalent Coverage Provision mean? Read on to discover the definition & meaning of the term Foreign Title Equivalent Coverage Provision - to help you better understand the language used in insurance policies.
Foreign Title Equivalent Coverage Provision
An endorsement to directors and officers (D&O) liability policies extending coverage to individuals working in the foreign subsidiaries of the insured organization. The endorsement affords coverage to persons whose duties, responsibilities, and legal liability exposures are similar if not identical to their U.S. counterparts but whose official titles are not "director" or "officer" and are therefore not covered, absent this endorsement.
We hope the you have a better understanding of the meaning of Foreign Title Equivalent Coverage Provision.