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THIS IS AN APPLICATION FOR A “CLAIMS MADE” POLICY. THE LIMIT(S) OF LIABILITY AVAILABLE TO PAY JUDGMENTS OR SETTLEMENTS SHALL BE REDUCED BY AMOUNTS INCURRED FOR LEGAL DEFENSE.
IT IS AGREED THAT IF SUCH KNOWLEDGE OR INFORMATION EXISTS IN RELATION TO QUESTIONS 9, 10 OR 11 ABOVE, ANY CLAIM OR ACTION ARISING THEREFROM WILL BE EXCLUDED FROM THIS PROPOSED COVERAGE.