Common use of Acceptability of Insurers to Owner Clause in Contracts

Acceptability of Insurers to Owner. No insurance will be acceptable to Owner unless written by a company (i) licensed by the Georgia State Insurance Commissioner to do business in Georgia at the time the policy is issued for the applicable line of insurance, (ii) which is rated with a Best Policyholders Rating of AA- or better (iii) and with a financial size rating of Class V or larger. To avoid inconvenience, the Construction Manager should consult with Owner SECTION 0001 to determine whether the insurance company or companies he expects to use is or are acceptable to Owner. All policies and certificates must be signed or countersigned, as the case may be, by resident Georgia agents.

Acceptability of Insurers to Owner. No insurance will be acceptable to Owner unless written by a company (i) licensed by the Georgia State Insurance Commissioner to do business in Georgia at the time the policy is issued for the applicable line of insurance, (ii) which is rated with a Best Policyholders Rating of AA- AA-A or better (iii) and with a financial size rating of Class V or larger. To avoid inconvenience, the Construction Manager should consult with Owner SECTION 0001 to determine whether the insurance company or companies he expects to use is or are acceptable to Owner. All policies and certificates must be signed or countersigned, as the case may be, by resident Georgia agents.

Acceptability of Insurers to Owner. No insurance will be acceptable to Owner accept unless written by a company (i) licensed by the Georgia State Insurance Commissioner to do business in Georgia at the time the policy is issued for issued, and the applicable line of insurance, (ii) which is rated with a Best Policyholders Rating of AA- or better (iii) and with a financial size rating of Class V or largercompany must in addition be acceptable to the owner. To avoid inconvenience, any general contractor or sub-contractor must get in touch with the Construction Manager should consult with Owner SECTION 0001 owner to determine whether the insurance company or companies he expects to use is is, or are are, acceptable to Ownerthe owner. All policies and certificates must be signed or countersigned, as the case may be, by resident Georgia agents.