Common use of REPRESENTATION CLAUSE Clause in Contracts

REPRESENTATION CLAUSE. In issuing the Policy, the Insurer has relied upon the application. The Insured warrants that the content of and materials provided to the Insurer are true, accurate and complete and are material to the Insurer’s acceptance of the risk to which the Policy applies. Any material misrepresentation, concealment or misstatement by the Insured will render the Policy null and void with respect to any natural person Insured who knew of such material misrepresentation, concealment or misstatement and with respect to the Insured Company if an executive officer knew of such material misrepresentation, concealment or misstatement and relieve the Insurer from all obligations and liability herein with regard to said Insured parties.

REPRESENTATION CLAUSE. In issuing the Policy, the Insurer has relied upon the application. The Insured warrants that the content of and the materials provided to the Insurer are true, accurate and complete and are material to the Insurer’s acceptance of the risk to which the Policy applies. Any material misrepresentation, concealment or misstatement by the Insured will render the Policy null and void with respect to any natural person Insured who knew of such material misrepresentation, concealment or misstatement misstatement, and with respect to the Insured Company if an executive officer knew of such material misrepresentation, concealment or misstatement misstatement, and will relieve the Insurer from all obligations and liability herein with regard to said Insured parties.