Common use of Insurance Applications Clause in Contracts

Insurance Applications. Any and all information provided in connection with any application for insurance subject to this Agreement shall be true and complete, to the best of Broker's knowledge. Broker further represents and warrants that, to the best of Broker's knowledge, such applications shall contain no material misrepresentations of any kind. Broker shall ensure that all material facts of which Broker is aware are accurately described and completely disclosed to American Specialty. Further, it is the duty of Broker to notify American Specialty, promptly after Broker becomes aware, of any material change(s) that may affect the risk during the policy period and at any subsequent renewal.

Insurance Applications. Any and all information provided in connection with any application for insurance subject to this Agreement shall be true and complete, to the best of Broker's knowledge. Broker further represents and warrants that, to the best of Broker's knowledge, such applications shall contain no material misrepresentations of any kind. Broker shall ensure that all material facts of which Broker Xxxxxx is aware are accurately described and completely disclosed to American Specialty. Further, it is the duty of Broker to notify American Specialty, promptly after Broker Xxxxxx becomes aware, of any material change(s) that may affect the risk during the policy period and at any subsequent renewal.