Non Monetary Relief Insurance. , 2004 wl 603482 at *2 (n.d. The trial court rejected these arguments and granted the d&o insurer’s motion for summary judgment.
The operations manager argued that the criminal allegations mandated a sentence including restitution, thus constituting monetary relief that would trigger the public officials wrongful acts coverage part. Professional liability insurance policies typically exclude coverage for nonpecuniary relief, because it is often impossible for an insurer to compel either an insured or a third party to act or refrain from acting in a certain manner. 22, 2004), the insured was issued subpoenas by the sec and complied with them by producing documents;