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s cfc <br />claimant. If we cannot settle using these means, we will pay the amount which you are found <br />liable to pay either in court or through arbitration proceedings, subject to the limit of liability. <br />We will not settle any claim without your consent. If you refuse to provide your consent to a <br />settlement recommended by us and elect to continue legal proceedings in connection with <br />the claim, any further costs and expenses incurred will be paid by you and us on a <br />proportionalbasis,. with 50% payable by us and 50°% payable by you. Asa consequence of your <br />refusal, our liability for the claim, excluding costs and expenses, will not be more than the <br />amount for which the claim could have been settled. <br />4. Application warranty <br />You agree that all statements made by you in the application form, including any renewal <br />application form, and any supplemental materials you have supplied in support of the <br />application for insurance, are your agreements and representations to us and the Policy is <br />issued in reliance upon that information. The misrepresentation or non -disclosure of any <br />matter byyou oryour agent will render this Policy null and void and relieve usfrom all liability <br />under this Policy. <br />s. Calculation of business interruption losses <br />Following an interruption to your business activities covered under INSURING CLAUSE 5 <br />(SECTILINS I3, C or D only), you must provide us with your calculation of the loss including: <br />a. how the loss has been calculated and what assumptions have been made; and <br />b. supporting documents including account statements, sales projections and invoices. <br />6. Cancellation <br />This Policy maybe canceled with 30 days written notice by either you or us.' <br />If you give us notice of cancellation, the return premium will be in proportion to the number <br />of days that the Policy is in effect. However, if you have made a claim under this Policy there <br />will be no return premium. <br />If we give you notice of cancellation, the return premium will be in proportion to the number <br />of days that the Policy is in effect. <br />We also reserve the right of cancellation in the event that any amount due to us by you <br />remains unpaidmore than 60 days be_iond the inception date. If we exercise this right of <br />cancellation it will take effect from 14 days attar the date the written notice of cancellation is <br />issued. <br />The Policy Administration Fez twill be deemed fully earned upon inception of the Policy. <br />APPROVED <br />By Cynthia Mora at 92:28 pm, =14, <br />