Common use of Acceptability of Insurance Clause in Contracts

Acceptability of Insurance. Insurance must be placed with insurers with a current rating given by X.X. Xxxx and Company of no less than A-:VII and a Standard & Poor’s Rating (if rated) of at least BBB and from a company approved by the Department of Insurance to conduct business in California. Any waiver of these standards is subject to approval by the County Risk Manager.

Acceptability of Insurance. Insurance must be placed with insurers with a current rating given by X.X. Xxxx and Company of no less than A-:VII and a Standard & Poor’s Rating rating (if rated) of at least BBB and from a company approved by the Department of Insurance to conduct business in California. Any waiver of these standards is subject to approval by the County Risk Manager.

Acceptability of Insurance. Insurance must be placed with insurers with a current rating given by X.X. Xxxx A.M. Best and Company of no less than A-:VII and a Standard & Poor’s Rating rating (if rated) of at least BBB and from a company approved by the Department of Insurance to conduct business in California. Any waiver of these standards is subject to approval by the County Risk Manager.