Date Recognition
(Year 2000)

October 2004

In the late 1990s, many D&O insurers began issuing policies that contained exclusions for Year 2000 (Y2K) liabilities. These exclusions, known as date-recognition or Y2K exclusions, were issued because of perceived problems and potential liability arising from computer systems failing to recognize the last two digits of the year 2000. These exclusions were either incorporated in the basic D&O policy form or attached to the policy as a separate endorsement.