Comparable Insurance Clause Samples
The Comparable Insurance clause requires that any replacement or substitute insurance obtained must be similar in scope and coverage to the original insurance specified in the agreement. In practice, this means that if a party changes insurers or policies, the new insurance must provide protection that is at least equivalent to what was previously in place, covering the same types of risks and maintaining similar policy limits. This clause ensures that all parties remain adequately protected throughout the contract term, preventing gaps in coverage and mitigating the risk of insufficient insurance.
Comparable Insurance. The Parties agree that, annually, they may select alternative health insurance coverage. The Parties shall meet at least sixty (60) days prior to the open enrollment period to review health insurance plan options.
Comparable Insurance. The Employer will provide a reference medical insurance plan(s) for remote and local employees that has the same out-of-pocket and deductible costs. In the event that such plans are unavailable, the Employer will provide evidence of their inability to do so to the Guild prior to the enrollment period.
Comparable Insurance. The District has the sole authority to select or change the insurance carriers to provide health coverage required by this Article, provided the benefits are comparable, and there is no interruption in coverage for eligible employees.
Comparable Insurance. If any insurance required hereunder ceases to be available, or is available on terms so unacceptable that prudent property owners or occupants, as the case may be, generally do not carry such insurance, then in lieu of such insurance the pertinent party may carry the most comparable insurance which is available and generally carried by prudent parties. After any natural or man-made disaster including terrorist attack or prior to any Renewal Term, the City may change the type of insurance protection or increase the Insurance Limits required by this Agreement. Said changes or increases shall reflect standards and limits of insurance generally accepted in the “Insurance Industry” and of similar agreements.