Commonwealth Court of Pennsylvania August 3, 2004 (TIG Specialty Insurance v. Koken)

OPINION BY

Judge COHN.

This case requires us to evaluate the language of an exclusion in a Directors’ and Officers’ Liability insurance policy (D & 0 Policy) to determine if it precludes insurance coverage for a claim brought by the Pennsylvania Insurance Commissioner in her role as Statutory Liquidator (Liquidator) against the directors and officers of an insurance company.