Common use of Acceptability of Insurance Carriers Clause in Contracts

Acceptability of Insurance Carriers. Insurance is to be placed with insurers who are licensed to sell insurance in the State of California and who possess a Best’s rating of no less than A-: VII. If the contractor’s insurance carrier is not licensed to sell insurance in the State of California, then the carrier must possess a Best rating of at least A: VIII. (For Best ratings go to xxxx://xxx.xxxxxx.xxx/)

Acceptability of Insurance Carriers. Insurance is to be placed with insurers who are licensed to sell insurance in the State of California and who possess a Best’s rating of no less than A-: VII. If the contractorconsultant’s insurance carrier is not licensed to sell insurance in the State of California, then the carrier must possess a Best rating of at least A: VIII. (For Best ratings go to xxxx://xxx.xxxxxx.xxx/)