I/We the undersigned, desire to efect an insurance as above stated in terms of the Policy to be issue by the Company. I/We agree to keep a proper Wages Record and to render at the end of each period of insurance a statement in the form required by the Company of all wages actually paid and to pay premium on any wages paid in excess of the amount estimated above. I/We hereby declare that all the above statements and particulars which I/We have read over and checked are true, that I/We have not suppressed, misrepresented or misstated any basis of the contract between me/us total wages and salaries expenditure and I/We agree that this declaration shall be the basis of the contract between me/us and CRUSADER INSURANCE (NIGERIA) PLC.