Articles IV, V and XII are included as attachment 4. CFS and WMM are both entities. As a general rule, one party is not liable for the acts of another. All institutions that interact with the public need insurance to indemnify against losses. Insurance coverage provides indemnification against covered claims and also provides and pays for a legal defense of claims made.
Second aspect is the type of activity.
CFS is a non-profit school. Connecticut law states that, if the corporation is non-profit, the directors and officers, as individuals, are exempt from liability even if the entity is liable. It usually takes about 4-6 months to get approved and Jerry said that he expects that we will get a ruling sooner rather that later. Carolyn Margolies, Jerry's associate, reported on Wilton Meeting's current insurance. Portions of the policy were passed around.