Question: A D&O policy would convert to a run - off mode when ( Search Chapter 6 ) a . the insured merges with or is

A D&O policy would convert to a "run-off" mode when
(Search Chapter 6)
a. the insured merges with or is acquired by another organization.
b. the policy limits have been exhausted.
c. the policy has expired.
d. a claim is filed against the policy.

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