Common use of Insurance Carrier Rating Clause in Contracts

Insurance Carrier Rating. The insurance required above shall be issued by an insurance company authorized to do business within the State of Washington. Insurance is to be placed with a carrier that has a rating of A- Class VII or better in the most recently published edition of Best’s Reports. Any exception must be reviewed and approved by the Risk Manager for the State of Washington, by submitting a copy of the Contract and evidence of insurance before Contract commencement. If an insurer is not admitted, all insurance policies and procedures for issuing the insurance policies must comply with Chapter 48.15 RCW and Chapter 284-15 WAC .

Appears in 2 contracts

Samples: Contract for Gases: Medical, Specialty, and Industrial, Contract for Gases: Medical, Specialty, and Industrial

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Insurance Carrier Rating. The insurance required above shall be issued by an insurance company authorized to do business within the State state of Washington. Insurance is to be placed with a carrier that has company shall have a rating of A- A-Class VII or better in the most recently published edition of Best’s Reports. Any exception must be reviewed and approved by the Risk Manager for the State state of Washington, by submitting a copy of the Contract and evidence of insurance before Contract commencement. If an insurer is not admitted, all insurance policies and procedures for issuing the insurance policies must comply with Chapter 48.15 RCW and Chapter 284-15 WAC WAC.

Appears in 1 contract

Samples: Contract for Services

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Insurance Carrier Rating. The insurance required above shall be issued by an insurance company authorized to do business within the State of Washington. Insurance is to be placed with a carrier that has a rating of A- Class VII or better in the most recently published edition of Best’s Reports. Any exception must be reviewed and approved by the Risk Manager for the State of Washington, by submitting a copy of the Contract contract and evidence of insurance before Master Contract and/or Technology Solution Contract commencement. If an insurer is not admitted, all insurance policies and procedures for issuing the insurance policies must comply with Chapter RCW 48.15 RCW and Chapter 284-15 WAC .

Appears in 1 contract

Samples: Master Contract

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