All policies must Sample Clauses
The 'All policies must' clause establishes a mandatory requirement that certain actions, standards, or procedures are to be followed by all relevant parties or in all applicable situations. In practice, this clause typically precedes a list of specific obligations, such as compliance with company rules, adherence to legal regulations, or implementation of safety measures. Its core function is to ensure uniformity and consistency across an organization or agreement, reducing ambiguity and helping to enforce compliance with essential rules or standards.
All policies must. (a) include the Owner and all Indemnified Party’s as additional insured(s) with respect to the operations and obligations of the Contractor and their performance of the Project as outlined in this Contract – Note: Automobile and Professional Liability Insurance are exempt from this requirement;
(b) contain cross liability and severability of interest provisions, as may be applicable;
(c) preclude subrogation claims against the Owner and any other person insured under the policy; and
(d) provide that at least 30 days prior written notice (15 days in the case of standard form automobile liability insurance, and 15 days in the event of non-payment of premiums) shall be given to the Owner by the insurer before the insurer or Contractor takes any steps to cancel, terminate, fail to renew, amend or otherwise change or modify the insurance or any part thereof.
All policies must. 1. Be issued by companies authorized to do business in Texas with an A.M. Best Company rating of A VII or higher;
2. Be written on a primary and non-contributory basis with any other insurance coverage;
3. Include a Waiver of Subrogation Clause;
4. Include the following language: “It is a condition of this policy that the Contractor must furnish written notice to TWC-BET Vending Specialist, ▇▇▇ ▇. ▇▇▇▇ ▇▇., ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇, thirty (30) calendar days in advance of the effective date of any reduction in or cancellation of this policy”;
5. Name TWC as an Additional Insured (except Worker’s Compensation Insurance); and,
6. Name TWC as a Certificate Holder.
All policies must include the Owner and all Indemnified Party’s as additional insured(s) with respect to the operations and obligations of the Contractor and their performance of the Project as outlined in this Contract – Note: Automobile and Professional Liability Insurance are exempt from this requirement;