Chubb's D&O Elite is a nonrescindable and noncancelable policy that offers directors and officers a dedicated limit of liability that is not shared with the corporate entity.
What does LOL stand for?
LOL stands for Limit of Liability
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of LOL
We have 69 other meanings of LOL in our Acronym Attic
- Lets Order Linguini
- Lewd Obscene Language
- Liar of Lies
- Licenciamiento Online (Spanish: Online Licensing)
- Lick Orange Lolipops
- Life of Leisure
- Life of Loan (banking)
- Life of the Land
- Life or Love
- Lightolier (Genlyte Group company)
Samples in periodicals archive:
The limit of liability should be at least equal to yours, preferably one million dollars.
Policies can be written for a $100,000 limit of liability up to $10 million.
We recognize that many midsized private companies have significant exposures and are sophisticated enough to understand that they need more than one limit of liability to respond to the wide array of suits against them," Salter said.