Common use of Named Insured Sole Agent Clause in Contracts

Named Insured Sole Agent. The Named Insured shall be the sole agent of all Insureds hereunder for the purpose of effecting or accepting any notices hereunder, any amendments to or cancellation of this Policy, for the completing of any applications and the making of any statements, representations and warranties, for the payment of any premium and the receipt of any return premium that may become due under this Policy, and the exercising or declining to exercise any right under this Policy.

Named Insured Sole Agent. The Named Insured shall will be the sole agent and will act on behalf of all Insureds hereunder for the purpose of effecting giving or accepting receiving any notices hereundernotices, any amendments to or cancellation of this Policy, for the completing of any applications and the making of any statements, representations representations, and warranties, for the payment of any premium and the receipt of any return premium that may become due under this Policy, payment of the Deductible, and the exercising or declining to exercise any right under this PolicyPolicy including the purchase of an Extended Reporting Period.