Admitted Insurers Sample Clauses

The 'Admitted Insurers' clause defines that only insurance companies authorized and licensed by the relevant regulatory authority in a specific jurisdiction can provide coverage under the contract. In practice, this means that the insurer must meet local legal requirements and be subject to oversight by the local insurance regulator, ensuring compliance with financial and consumer protection standards. This clause helps ensure that the insurance coverage is valid, enforceable, and reliable, protecting the insured from potential issues with unlicensed or non-compliant insurers.
Admitted Insurers. All insurance companies providing insurance to the Developer under this Agreement shall be admitted to transact the business of insurance by the California Insurance Commissioner.
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Admitted Insurers. All insurance companies providing insurance to the Developer under this Agreement shall be admitted to transact the business of in uranc by the Cal fornia Insurance Com issioner.
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Related to Admitted Insurers

  • Florida Authorized Insurers All insurance shall be with insurers authorized and eligible to transact the applicable line of insurance business in the State of Florida. The Contractor shall provide Certification(s) of Insurance evidencing that all appropriate coverage is in place and showing the Department to be an additional insured.

  • Acceptable Insurers All insurance policies shall be issued by an insurance company currently authorized by the Insurance Commissioner to transact business of insurance or is on the List of Approved Surplus Line Insurers in the State of California, with an assigned policyholders’ Rating of A- (or higher) and Financial Size Category Class VII (or larger) in accordance with the latest edition of Best’s Key Rating Guide, unless otherwise approved by the City’s Risk Manager.