Common use of Certificates and Policies of Insurance Clause in Contracts

Certificates and Policies of Insurance. (a) Certificates of the insurance coverages as described above shall be delivered to Owner on or before the Commencement Date, evidencing that such insurance is in force, together with copies of the policies (certified as true, correct, and complete by the insurer) of insurance to which such certificates refer. Within fifteen (15) calendar days prior to expiration of any such insurance coverage, new certificates shall be delivered, certified as aforesaid, evidencing renewal of such insurance coverage. (b) All certificates must contain waiver of subrogation clauses and must provide that if such policies are canceled or changed during the period of coverage as cited therein in such manner as to affect the insurance coverage, written notice will be mailed to Owner and Agent by registered or certified mail delivered at least thirty (30) calendar days prior to such cancellation or change (and such certificates shall include no language absolving the issuer thereof from liability for its failure so to provide such notice).

Certificates and Policies of Insurance. (a) Certificates of the insurance coverages as described above shall be delivered to Owner on or before the Commencement Date, evidencing that such insurance is in force, together with copies of the policies (certified as true, correct, and complete by the insurer) of insurance to which such certificates refer. Within fifteen (15) calendar days prior to expiration of any such insurance coverage, new certificates shall be delivered, certified as aforesaid, evidencing renewal of such insurance coverage. (b) All certificates must contain waiver of subrogation clauses and must provide that if such policies are canceled or changed during the period of coverage as cited therein in such manner as to affect the insurance coverage, written notice will be mailed to Owner and Agent Manager by registered or certified mail delivered at least thirty (30) calendar days prior to such cancellation or change (and such certificates shall include no language absolving the issuer thereof from liability for its failure so to provide such notice).