Rule 9  APPLICATIONS FOR INSURANCE AND DISCLOSURE

A.  The Member must faithfully disclose to the Association, during the course of applying for insurance, every material circumstances which would influence the Association in deciding Calls or Premiums and determining whether the cover will be provided or not and disclose to the Association, at any time, every material circumstances which would alter risks, terms and conditions of the entry. It shall be a condition precedent of the insurance by the Association that all particulars and information given are complete and true so far as the Member knew or should have known in the ordinary course of business.

B. Any applicant Owner who desires to enter a ship for insurance in the Association shall make application for such entry in such form as may from time to time be required by the Managers and furnish ship’s particulars. An application for entry of a ship in the Association may be made at any time.

C. The particulars given by an applicant Owner in any application form together with any other particulars or information given in the course of applying for insurance,or negotiating changes in the terms of insurance to the Managers shall, if the entry of the relevant ship be accepted, be deemed to form the basis of the contract of insurance between the applicant Owner and the Association.

D.  The Managers shall be entitled, in their discretion and without assigning any reason, to refuse any application for the entry of a ship for insurance in the Association whether or not the applicant Owner of such ship is a Member of the Association.