How can the prior knowledge clause and the non-imputation clause co-exist? And more specifically, what implications, if any, does this clause have on the prior knowledge clause immediately preceding it? (Photo: iStock)
No one likes uncertainty, particularly those in the insurance industry. Insurers and underwriters should therefore be wary of general severability (or non-imputation) clauses that have the potential to strip any meaning from an exclusion that would otherwise serve to exclude coverage for all insureds.
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