{"id":3038,"date":"2012-08-31T10:02:30","date_gmt":"2012-08-31T10:02:30","guid":{"rendered":"https:\/\/gregorydamy.niceavocats.fr\/?p=3038"},"modified":"2023-08-25T05:03:46","modified_gmt":"2023-08-25T05:03:46","slug":"intentional-fault-and-coverage-by-insurance","status":"publish","type":"post","link":"https:\/\/gregorydamy.niceavocats.fr\/en\/intentional-fault-and-coverage-by-insurance\/","title":{"rendered":"Intentional fault and coverage by insurance"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.19.5″ _module_preset=”default” background_enable_mask_style=”on” background_mask_style=”wave” background_mask_color=”rgba(0,0,0,0.08)” custom_padding=”||6px|||” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_circle_counter title=”Estimated reading time (in minutes)” number=”1″ percent_sign=”off” _builder_version=”4.19.5″ _module_preset=”default” title_font=”Amiri||||||||” max_width=”137px” global_colors_info=”{}”][\/et_pb_circle_counter][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/gregorydamy.niceavocats.fr\/wp-content\/uploads\/2012\/08\/amp_16_9_db6f.jpg” title_text=”amp_16_9_db6f” _builder_version=”4.21.0″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][\/et_pb_image][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” text_font=”Amiri||||||||” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

The \u201cdirector’s liability\u201d or \u201cguarantee of fines and\/or civil penalties\u201d insurance contract does not cover situations of\u00a0<\/span>intentional fault<\/span><\/a>\u00a0.\u00a0<\/span>This is a decision that should reassure many insurance companies.\u00a0<\/span><\/span>Indeed, the Court of Cassation rendered a judgment on June 14 in which it endorsed the refusal of an insurer to cover a claim, due to the intentional fault of the\u00a0\u00a0<\/span>manager\u00a0<\/span>\u00a0of the insured company.<\/span><\/p>\n

Intentional misconduct and insurance coverage: a court decision: \u2013<\/span><\/h2>\n

In this case, after having disseminated false or misleading information aimed at influencing the price of securities on a regulated market, a company was worried by the AMF.\u00a0After investigation, the latter sentenced the company to pay a heavy fine for “failure to inform the public, by disseminating inaccurate information”.\u00a0The case is also brought before the criminal court, which condemns the manager of the company to a fine for \u201cdissemination of false or misleading information aimed at influencing the price of securities on a regulated market\u201d.<\/span><\/p>\n

The scope of insurance<\/span><\/a>\u00a0cover\u00a0and willful misconduct: \u2013<\/span><\/h2>\n

La soci\u00e9t\u00e9 et son ancien dirigeant condamn\u00e9 ont alors introduit une r\u00e9clamation aupr\u00e8s de l\u2019assureur qui a refus\u00e9 de fournir sa garantie.
However, the company argues that it has taken out an insurance policy entitled “directors’ liability”, guaranteeing the directors and corporate officers against the pecuniary consequences arising from their individual or joint civil liability and attributable to any actual or alleged professional misconduct. in the exercise of their function.\u00a0It had even signed an endorsement to extend the guarantee to \u201cfines and\/or civil penalties imposed on policyholders by legislation or regulations following an investigation, instruction or investigation carried out by a court or an administrative authority\u201d.\u00a0For its part, the insurer criticizes the intentional fault of the manager and maintains that he had the will and the conscience to make his own insurer pay the consequences which would result from his faults.\u00a0By committing, within the meaning of article L113-1 of the Insurance Code, of an intentional fault, incompatible with the risk, the guarantee of the insurer was not due.\u00a0Both the Court of Appeal and the Court of Cassation have confirmed that the insurer does not have to guarantee the voluntary and deliberate failures of the insured to comply with laws, regulations and rules in general.<\/span>
Les juges ont estim\u00e9 qu\u2019il ne s\u2019agissait \u00ab ni d\u2019une faute d\u2019\u00a0inattention\u00a0or negligence, nor an error of fact, but the conscious expression of a deliberate desire to provide the public with information likely to modify the apprehension of the financial situation of the company, to validate the operations that it illegal knew\u201d.<\/span>
When the insured commits, within the meaning of article L113-1 of the Insurance Code, an intentional fault, incompatible with the risk, the insurer’s guarantee is excluded.<\/span><\/p>\n

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The \u201cdirector’s liability\u201d or \u201cguarantee of fines and\/or civil penalties\u201d insurance contract does not cover situations of\u00a0intentional fault\u00a0.\u00a0This is a decision that should reassure many insurance companies.\u00a0Indeed, the Court of Cassation rendered a judgment on June 14 in which it endorsed the refusal of an insurer to cover a claim, due to the intentional fault […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[304],"tags":[],"class_list":["post-3038","post","type-post","status-publish","format-standard","hentry","category-insurance-law"],"yoast_head":"\nIntentional fault and coverage by insurance - Soci\u00e9t\u00e9 d'avocats Damy<\/title>\n<meta name=\"description\" content=\"Intentional fault and coverage by insurance\u00a0The \u201cdirectors\u2019 liability\u201d or \u201cguarantee of fines and\/or civil penalties\u201d insurance contract\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gregorydamy.niceavocats.fr\/en\/intentional-fault-and-coverage-by-insurance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Intentional fault and coverage by insurance - 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