As we discussed during our management report at the Policyholders' Conference, we have been revising the D&O policy language to provide the same broad coverage with fewer endorsements. Since the conference, the new draft policy has been favorably reviewed by the RMAC's Directors & Officers Liability Task Force and the full RMAC (Risk Management Advisory Committee). We now plan to ask some of our D&O brokers to review the language and we will invite them to compare it with other forms in the D&O market.
The new form will be posted on the website for your review shortly. We are confident you will agree that the new form will provide the same coverage you've always enjoyed without the large number of endorsements. You are welcome to discuss the new language with your AEGIS D&O underwriter at any time and they will be happy to explain the changes to you. We hope to use this new policy form for all renewals occurring on or after March 1, 2012.