株式会社が、保険者との間で締結する保険契約のうち役員等がその職務の執行に関し責任を負うこと又は当該責任の追及に係る請求を受けることによって生ずることのある損害を保険者が塡補することを約するものであって、役員等を被保険者とするもの（当該保険契約を締結することにより被保険者である役員等の職務の執行の適正性が著しく損なわれるおそれがないものとして法務省令で定めるものを除く。第三項ただし書において「役員等賠償責任保険契約」という。）の内容の決定をするには、株主総会（取締役会設置会社にあっては、取締役会）の決議によらなければならない。
When a stock company makes a decision on the content of an insurance policy entered into with an insurer under which the insurer promises to pay compensation for damage arising from officer, etc. bearing liability in relation to the execution of duties or the receipt of a demand pursuing relevant liability where officers, etc. are the insureds (excluding policies specified by Ministry of Justice Order as policies where there is no likelihood of substantial impairment of the appropriateness of the execution of duties by officers, etc. who are insured as a result of the execution of the insurance policies; referred to in the proviso of paragraph (3) as "officers, etc. indemnification insurance policy"), a resolution at the shareholders meeting (or at a board of directors meeting for a company with board of directors) must be adopted.
第三百五十六条第一項及び第三百六十五条第二項（これらの規定を第四百十九条第二項において準用する場合を含む。）並びに第四百二十三条第三項の規定は、株式会社が保険者との間で締結する保険契約のうち役員等がその職務の執行に関し責任を負うこと又は当該責任の追及に係る請求を受けることによって生ずることのある損害を保険者が塡補することを約するものであって、取締役又は執行役を被保険者とするものの締結については、適用しない。
The provisions of Article 356, paragraph (1), Article 365, paragraph (2) (including when these provisions are applied mutatis mutandis pursuant to Article 419, paragraph (2)) and Article 423, paragraph (3) do not apply with respect to execution of insurance policies by a stock company with an insurer under which the insurer promises to pay compensation for damage arising from a director bearing liability in relation to the execution of duties or the receipt of a demand pursuing relevant liability where directors or executive officers are the insureds.
The provisions of Article 108 of the Civil Code do not apply to the execution of insurance policies under the preceding paragraph;provided, however, that if the policy is officers, etc. indemnification insurance policy, this is limited to times where the content of relevant policy is specified by a resolution set forth in paragraph (1).