Common use of Acceptable Insurance Providers Clause in Contracts

Acceptable Insurance Providers. Insurance providers must be authorized by subsisting certificates of authority by the Department of Financial Services of the State of Florida, or (II) an eligible surplus lines insurer under Florida Statutes. In addition, the insurer must have a Best’s Rating of “A” or better and a Financial Size Category of “VI” or better, according to the latest edition of Best’s Key Rating Guide, published by A.M. Best Company.

Acceptable Insurance Providers. Insurance providers must be authorized by subsisting 7 certificates of authority by from the Department of Financial Services Insurance of the State of Florida, 8 or (II) an eligible surplus lines insurer under Florida Statutes. In addition, the insurer 9 must have a Best’s Rating of “A” A­“ or better and a Financial Size Category of “VIIX” 10 or better, better according to the latest edition of Best’s Key Rating Guide, published by 11 A.M. Best Company.