Insurance and Risk Management. By July 1 of each odd-numbered year, the University shall inform the Secretary of Finance of any intent during the next biennium to withdraw from any insurance or risk management program made available to the University through the Commonwealth's Division of Risk Management and in which the University is then participating to enable the Commonwealth to complete an adverse selection analysis of any such decision and to determine the additional costs to the Commonwealth that would result from any such withdrawal. If, upon notice of such additional costs to the Commonwealth, the University proceeds to withdraw from the insurance or risk management program, the University shall reimburse the Commonwealth for all such additional costs attributable to such withdrawal, as determined by the Commonwealth's actuaries. Such payment shall be made in a manner agreeable to both the University and the Commonwealth.
Insurance and Risk Management. The Non-Profit shall, for itself and the Charter School, and at its sole cost and expense, purchase and maintain during the entirety of this Agreement, insurance as follows, as well as any additional insurance as may be required by law:
Insurance and Risk Management. The Company is either an additional named insured under LParent's insurance program or has its own policy of insurance under LParent's insurance program and as of the Conversion Date, LParent shall substitute the Partnership for the Company, making the Partnership an additional named insured, if applicable, under LParent's insurance program. As such coverages become subject to renewal or otherwise expire, the Partnership, by Partnership Governance Committee Action, shall approve any material change in the amount and scope of such coverages (including the extent to which the Partnership will continue to be included as an additional named insured under LParent's insurance program), or in the portion of the premium charges for such coverages allocable to the Partnership.
Insurance and Risk Management. As long as the premiums and other terms remain advantageous to the Joint Venture, the property and casualty insurance program for the Joint Venture (including the insurance for the Vessel) shall be integrated into the insurance program of Commodore. Each Partner hereby consents and agrees that the Joint Venture shall compensate Commodore for a mutually agreed upon budgeted amount for insurance premiums and related expenses. Said insurance shall comply with the requirements of the Joint Venture Charter, including, Clauses 12 and 53 thereof. The Joint Venture and each Partner shall be named as additional assureds under that program.
Insurance and Risk Management. Effective June 29, 2003, RVI took over all risk management and the insurance administration for RVI, including, but not limited to, property and safety management. SSC continued to administer prior general liability claims and workers' compensation claims under policies for which SSC was the Guarantor until the administration of these prior claims were transferred to RVI by July, 2004.
Insurance and Risk Management. A. The Charter School will maintain, at its own expense, its own insurance policies for the operation of the Charter School, consistent with the approved charter. Policy types and amounts will be at least commensurate with the recommendations of amounts and types by the District’s insurer for a school of similar type and size in the area. Additional insurance may also be obtained by the Charter School as necessary or required by law. The Charter School must provide the District certificates of insurance to show active status for each school year before commencing instruction to students.
B. The District shall be named as an additional insured under all insurance carried on behalf of the Charter School.
C. The Charter School shall maintain supplementary “Student Activity Insurance”
Insurance and Risk Management. Section 3.17 of the Disclosure Schedule sets forth the following information with respect to each insurance policy (including policies providing property, casualty, liability, and workers' compensation coverage and bond and surety arrangements) to which the operations of the Company or any of its Subsidiaries is currently a party, a named insured, or otherwise the beneficiary of coverage:
(a) the name, address, and telephone number of the agent;
(b) the name of the insurer, the name of the policyholder, and the name of each covered insured;
(c) the policy number, the period and amount of coverage and premium; and
(d) a description of any retrospective premium adjustments or other loss-sensitive premium arrangements. With respect to each such insurance policy: (i) the policy is legal, valid, binding, enforceable, and in full force and effect, except as such enforceability may be limited by applicable bankruptcy, insolvency, moratorium, reorganization or similar laws in effect which affect the enforcement of creditors' rights generally, by equitable limitations on the availability of specific remedies, and by principles of equity; (ii) the transactions contemplated hereby will not result in the cancellation or modification of such policies; (iii) neither the Company, nor any of its Subsidiaries, nor, to the Seller's Knowledge, any other party to the policy is in breach or default (including with respect to the payment of premiums or the giving of notices) in any material respect, and no event has occurred which, with notice or the lapse of time, would constitute such a breach or default in any material respect, or permit termination, modification, or acceleration, under the policy; (iv) the Company has made available true and complete copies of all policies and related indemnity or premium payment agreements to the Purchaser; (v) the policy has not been amended or modified and no riders not included in the copies delivered to the Purchaser have been issued in respect of such policies; and (vi) no party to the policy has repudiated any provision thereof. Neither the Company nor any of its Subsidiaries has any self-insurance or co-insurance programs.
Insurance and Risk Management. The CONSULTANT is primarily responsible for the risk management of its work under this CONTRACT, including but not limited to, obtaining and maintaining the required insurance and establishing and maintaining a reasonable risk control and safety program. MAG reserves the right to amend the requirements herein at any time during the CONTRACT subject to at least sixty (60) days’ prior written notice to CONSULTANT. MAG may elect at any time, subject to the notice provision of this Section, to itself provide any or all of the coverages required in this Section, provided that MAG and CONSULTANT agree upon an appropriate adjustment of the compensation terms of the CONTRACT to offset any increase or decrease in the CONSULTANT’s costs attributable to MAG’s changes. The CONSULTANT shall require Subconsultants providing service under this contract to maintain insurance as appropriate that is comparable to that required of CONSULTANT under this CONTRACT. C ONSULTANT warrants that this Section has been thoroughly reviewed by the CONSULTANT’s insurance agent/broker, who has been instructed to procure the required insurance coverage. Prior to beginning the work under this CONTRACT and without limiting any liabilities or other obligations of CONSULTANT, CONSULTANT shall obtain and maintain, and/or cause to be obtained and maintained, the required forms and minimum amounts of insurance coverages as outlined below. CONSULTANT’s responsibility and liability for the SERVICES provided by its Subconsultant is not limited in any fashion by the types and limits of Subconsultant’s insurance. All coverages shall be in full force and effect during the entire term of this CONTRACT.
A. ALL INSURANCE COVERAGES
1. Upon execution of the CONTRACT, CONSULTANT shall provide MAG with acceptable certificate(s) of insurance, documenting that all required insurance coverages have been obtained. All such certificates shall be executed by a duly authorized representative of each insurer, showing full compliance with the insurance requirements set forth in this Section.
a. Failure of MAG to demand such certificate(s) or other evidence of full compliance with these insurance requirements or failure of MAG to identify a deficiency from the evidence that is provided shall not be construed as a waiver of CONSULTANT’s obligation to maintain such insurance.
b. All required certificate(s) of insurance shall be mailed to the following address or such other addresses as designated by MAG from time to time...
Insurance and Risk Management. MANAGER shall use reasonable efforts to (a) assist IPA to obtain appropriate coverage under policies for professional liability insurance, comprehensive liability insurance, workers’ compensation insurance and disability insurance and periodically review insurance programs for cost and appropriateness of coverage limits; and (b) coordinate IPA’s risk management program.
Insurance and Risk Management. The builder shall obtain all workers’ compensation, commercial general liability insurance and comprehensive liability insurance necessary to protect builder from claims for damages due to bodily injury, including death, and for damages to property that may arise out of and during operations under this contract. The buyer shall purchase his own liability insurance including fire and casualty insurance to the full insurable value of the house and shall name the builder as an additional insured. Each party shall issue a certificate of insurance to the other prior to the commencement of construction.
