1998-10-25 - INSURANCE
Category: Administration and Budget
Topic: Insurance
Board meeting date: 25 October 1998
Resolution number: 98.9
URL for Board minutes/resolution: http://www.icann.org/en/minutes/minutes-25oct98.html
Status: Completed
Summary
Authorized purchase of insurance.
Text
RESOLVED, that each of the officers of the Corporation be, and they hereby are, authorized to investigate, purchase (unless the cost of the insurance exceeds $60,000 in which case such expenditure shall be approved by the Board or the Interim Executive Committee) and maintain insurance on behalf of any director, officer or agent of the Corporation against any liability asserted against or incurred by the agent in such capacity or arising out of the agent's status as such whether or not the Corporation would have the power to indemnify the agent against such liability under the provisions of the California Nonprofit Public Benefit Corporation Law.
Implementation Actions
Investigate, purchase and maintain insurance
Responsible entity: ICANN Staff
Due date: None provided
Completion date: 1998
Other Related Resolutions
TBD
Additional Information
No additional funding provided.
Explanatory text does not modify or override Resolutions. See Board Resolutions Page for more information.