Conditional Coverage Sample Clauses
The Conditional Coverage clause defines the circumstances under which insurance or contractual coverage becomes effective, typically requiring certain conditions to be met before protection is provided. For example, coverage might only apply if specific safety measures are in place or after a waiting period has elapsed. This clause ensures that coverage is only granted when predefined requirements are satisfied, thereby managing risk and clarifying the boundaries of protection for all parties involved.
Conditional Coverage. The Service Provider and its subcontractors shall maintain at all times during the Term coverage listed below if applicable to the scope of work:
(i) Comprehensive Automobile Liability Insurance with a combined single limit for personal injury and property damage of not less than $1,000,000, to include owned, leased, hired and non-owned vehicles; and
(ii) Supplier or Professional Liability Insurance covering errors and omissions in professional services, with limits not less than $1,000,000 per claim and $3,000,000 annual aggregate, for a period of not less than three (3) years after substantial completion of the Services.
Conditional Coverage. Subject to the provisions of this Article III, Generali USA will provide the limited indemnity reinsurance coverage in an instance where "conditional receipt" coverage, temporary insurance coverage or other similar coverage ("Conditional Coverage") is made available to the Ceding Company's applicant (the "Applicant") prior to the issuance of a Reinsured Policy during the lifetime of the applicant, subject to the following conditions.
1. Subject to the "Coverage Limits", the amount of coverage will be equal to Generali USA's proportionate share of the coverage amount stated on the conditional receipt or for the temporary coverage.
Conditional Coverage. Subject to the provisions of this Article 4 and all other provisions of this Agreement not inconsistent with this Article, the Reinsurer will provide the limited indemnity reinsurance coverage in an instance where "conditional receipt" coverage, temporary insurance coverage or other similar coverage ("Conditional Coverage") is made available to the Ceding Company's applicant (the "Applicant") prior to the issuance of a Reinsured Policy during the lifetime of the applicant, subject to the following conditions:
a) Subject to the Coverage Limits, the amount of coverage will be equal to the Reinsurer's proportionate share of the coverage amount stated on the conditional receipt or for the temporary coverage.
b) To be eligible for coverage under this Article, the Ceding Company must provide the Reinsurer with all relevant forms, rules, requirements and practices applicable to such coverage (the "Conditional Rules"), the Conditional Rules are found to be acceptable to the Reinsurer, with such approval not being unreasonably withheld and the Applicant's coverage was provided in accordance with the Conditional Rules in all material respects.
c) If there are material changes in the Conditional Rules, no coverage is available under this Article during the period from the date of such change until the date the Ceding Company has provided the Reinsurer with updated copies and the Reinsurer has agreed that they are acceptable, with such agreement not being unreasonably withheld.
Conditional Coverage. Generali USA will provide the following limited indemnity reinsurance coverage in an instance where "conditional receipt" coverage, temporary insurance coverage or other similar coverage is made available to the Ceding Company's applicant (the "Applicant") prior to the issuance of a Reinsured Policy during the lifetime of the applicant, subject to the following conditions.
1. The Ceding Company must (x) provide Generali USA with all relevant forms, rules, requirements and practices applicable to such coverage (the "Conditional Rules"), (y) the Conditional Rules are found to be acceptable to Generali USA, with such approval not being unreasonably withheld and (z) the Applicant's coverage was provided in accordance with the Conditional Rules in all material respects.
a. If there are material changes in the Conditional Rules, no coverage is available under this Article during the period from the date of such change until the date the Ceding Company has provided Generali USA with updated copies and Generali USA has agreed that they are acceptable, with such agreement not being unreasonably withheld.