Common use of Financial Responsibility Clause in Contracts

Financial Responsibility. A Controlled Affiliate shall be operated in a manner that provides reasonable financial assurance that it can fulfill all of its contractual obligations to its customers.

Appears in 30 contracts

Samples: License Agreement (Elevance Health, Inc.), Blue Cross License Agreement (Elevance Health, Inc.), License Agreement (Anthem, Inc.)

AutoNDA by SimpleDocs

Financial Responsibility. A Controlled Affiliate shall be operated in a manner that provides reasonable financial assurance that it can fulfill all of its contractual obligations to its customers. Standard 3 β€” State Licensure/Certification EXHIBIT A (continued)

Appears in 2 contracts

Samples: License Agreement (Triple-S Management Corp), License Agreement (Triple-S Management Corp)

AutoNDA by SimpleDocs

Financial Responsibility. A Controlled Affiliate shall be operated in a manner that provides reasonable financial assurance that it can fulfill all of its contractual obligations to its customers. A Controlled Affiliate shall maintain appropriate and unimpaired licensure and certifications.

Appears in 1 contract

Samples: Blue Cross License Agreement (Wellchoice Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!