Material inaccuracy. 8.12.1 The information provided by or on behalf of the insured in connection with this insurance (whether at inception or otherwise) shall be materially accurate and not omit material information which is known by the insured’s board members or equivalent and/or the 8.12.2 Breach by fraud or dishonesty If the insured or anyone acting on its behalf breaches this condition (whether at inception or otherwise) by fraud or dishonest act or omission, the insurer may: a) avoid this policy from inception; or b) impose such terms, conditions and/or additional premium as the insurer may in its sole discretion determine; and any benefit which the insured has received under this policy which resulted from any such fraud or dishonest act or omission shall immediately be repaid to the insurer.
Appears in 7 contracts
Sources: Liability Insurance Membership Agreement, Liability Insurance Membership Agreement, Liability Insurance Membership Agreement