Common use of Records Generally Clause in Contracts

Records Generally. i. The Insured shall keep and produce to AFSC immediately, upon demand, all of the Insured’s Records for any year that the Insured has a Contract with AFSC. If the Insured has not been insured by AFSC for six consecutive prior fiscal years, all of the Insured’s Records for each year that the Insured has a Contract of Insurance with AFSC, and for each prior consecutive fiscal year that the Insured has been insured by AFSC, shall be kept by the Insured.

Records Generally. i. a. The Insured shall keep and produce to AFSC immediately, upon demand, all of the Insured’s Records for any year that the Insured has a Contract with AFSC. If the Insured has not been insured by AFSC for six consecutive prior fiscal years, all of the Insured’s Records for each year that the Insured has a Contract of Insurance with AFSC, and for each prior consecutive fiscal year that the Insured has been insured by AFSC, shall be kept by the Insured.