21.1

The Participant warrants that it has taken out or will take out, and will maintain for the period specified in clause 21.2 or clause 21.3 as applicable, all appropriate types and amounts of insurance to cover the Participant's obligations under this Agreement, including those which survive its expiration or early termination, which insurance must include the types and corresponding amounts of insurance specified in Item J.

21.2

If the Participant takes out a 'claims made policy', which requires all claims and any fact situation or circumstance that might result in a claim to be notified within the period of insurance, the Participant must maintain the policy during the term of this Agreement and a policy in like terms for 7 years after the expiry or early termination of this Agreement.

21.3

If the Participant takes out an 'occurrence' policy, which requires the circumstances to which a claim relates to occur during the period of insurance whilst the notification of event can occur at any time subsequently, the Participant must maintain the policy during the term of this Agreement.

21.4

The Participant must, on request, promptly provide to the Commonwealth any relevant insurance policies or certificates of currency for inspection.

21.5

This clause survives the expiration or early termination of this Agreement.
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