Y 4.6 22/1:103-100 REGULATORY EXCLUSIONS PERTAINING TO FINANCIAL INSTITUTION D&O PROFESSIONAL LIABILITY INSURANCE POLICIES REGULATORY EXCLUSIONS PERTAINING TO HEARING BEFORE THE COMMITTEE ON BANKING, FINANCE AND HOUSE OF REPRESENTATIVES ONE HUNDRED THIRD CONGRESS FIRST SESSION NOVEMBER 17, 1993 Printed for the use of the Committee on Banking, Finance and Urban Affairs Serial No. 103-100 74138 U.S. GOVERNMENT PRINTING OFFICE WASHINGTON 1994 For sale by the U.S. Government Printing Office Superintendent of Documents, Congressional Sales Office, Washington, DC 20402 HOUSE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS HENRY B. GONZALEZ, Texas, Chairman STEPHEN L. NEAL, North Carolina MAXINE WATERS, California JIM BACCHUS, Florida HERBERT C. KLEIN, New Jersey LUCILLE ROYBAL-ALLARD, California MELVIN WATT, North Carolina JAMES A. LEACH, Iowa MARGE ROUKEMA, New Jersey ALFRED A. (AL) MCCANDLESS, California CRAIG THOMAS, Wyoming SAM JOHNSON, Texas JOE KNOLLENBERG, Michigan BERNARD SANDERS, Vermont CONTENTS Baris, Davis, Executive Director, American Association of Bank Directors Goodman, Susannah, Legislative Advocate, Public Citizens Congress Watch..... Hindes, Thomas, Assistant General Counsel, Professional Liability Section Mkhitarian, Lena, Senior Vice President, National Fire Insurance Co., of Pittsburgh, PA, and International Group; accompanied by Larry Simms, Partner, Gibson, Dunn & Crutcher Thomas, John, Associate General Counsel, Legal Division, Professional Liabil- Thomas, John.. ADDITIONAL MATERIAL SUBMITTED FOR THE RECORD Hearing notice to Members of the Committee, November 12, 1993. Briefing notice to Members of the Committee, November 12, 1993. Report on Directors' and Officers' Liability Insurance and Depository Institution Bonds Pursuant to Section 220(b)(3) of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, Sep- |