DECLARATIONS: The undersigned authorized officer of the Applicant, on behalf of the Applicant declares:
APPLICATION FORMS PART OF POLICY The statements and answers made in this application form, including all materials submitted with and attached to this application form, and all information provided or made available by the Applicant to the Insurer in connection with the underwriting of the proposed insurance, shall constitute the Application. If the policy applied for is issued, the Application will be deemed attached to and will form a part of the policy.
CLAIMS MADE NOTICE: CERTAIN COVERAGE PARTS OF THE POLICY FOR WHICH THE APPLICANT IS APPLYING PROVIDE COVERAGE ON A CLAIMS-MADE BASIS, WHICH APPLIES ONLY TO CLAIMS FIRST MADE AGAINST THE INSUREDS DURING THE POLICY PERIOD, OR A CLAIMS-MADE AND REPORTED BASIS, WHICH APPLIES ONLY TO CLAIMS FIRST MADE AGAINST THE INSUREDS AND REPORTED TO THE INSURER DURING THE POLICY PERIOD OR ANY APPLICABLE EXTENDED REPORTING PERIOD. PLEASE READ THE POLICY CAREFULLY.
DEFENSE COSTS WITHIN LIMIT NOTICE: CERTAIN COVERAGE PARTS OF THE POLICY FOR WHICH THE APPLICANT IS APPLYING PROVIDE THAT THE LIMITS OF LIABILITY AVAILABLE TO PAY JUDGMENTS OR SETTLEMENTS WILL BE REDUCED AND MAY BE COMPLETELY EXHAUSTED BY THE PAYMENT OF DEFENSE COSTS, AND IN THE EVENT SUCH LIMITS OF LIABILITY ARE EXHAUSTED, THE INSURER SHALL HAVE NO FURTHER OBLIGATION FOR ANY LOSS UNDER THE POLICY. PLEASE READ THE POLICY CAREFULLY.