This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
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Business Judgment Rule

Single most powerful defense available to a director or officer and recognizes that not all decisions of the directors or officers will benefit the organization or its stakeholders. In order to be available, the following five elements must be satisfied: business decision, disinterestedness, due care, good faith, and no abuse of discretion.

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Welcome To the Alliance!

The National Alliance for Insurance Education & Research is now the Risk & Insurance Education Alliance, or simply “The Alliance”.  For more details, please read our Press Release.