Extract to table

These reservations are significant and must be addressed promptly

This means that TMC must bear the first USD 2

Until that time, Northland must advance defense costs in accordance with the policy's insuring agreements

However, a significant caveat must be noted

While this argument is not well-supported by the policy language or case law — which requires a "final adjudication," not merely a factual acknowledgment — it is a risk that must be managed

3) that provides, in substance, that the criminal-act exclusion and other conduct-based exclusions shall be applied separately and independently to each insured person