Common use of Insurance Carrier Required Rating Clause in Contracts

Insurance Carrier Required Rating. All insurance companies must carry a rating acceptable to the Office of Risk and Insurance Management – A or better and financial size category of VII or better to the latest edition of the A.M. Best Key Rating Guide. If the Contractor is self- insured for a portion or all of its insurance, review of financial information including a letter of credit may be required.

Appears in 12 contracts

Samples: Alarm Monitoring and Maintenance Agreement, Public Outreach Services Agreement, Traffic Control Services Agreement

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Insurance Carrier Required Rating. All insurance companies must carry a rating acceptable to the Office of Risk and Insurance Management – A or better and financial size category of VII or better to the latest edition of the A.M. Best Key Rating Guide. If the Contractor is self- self-insured for a portion or all of its insurance, review of financial information including a letter of credit may be required.

Appears in 6 contracts

Samples: Standard Agreement, Request for Proposal, Invitation for Bid

Insurance Carrier Required Rating. All insurance companies must carry a rating acceptable to the Office of Risk and Insurance Management – A Management. “A” or better and a financial size category of VII “VII” or better to the latest edition of the A.M. Best Key Rating Guide. Any other rating classification requires State approval. If the Contractor is self- self insured for a portion or all of its insurance, review of financial information including a letter of credit may be required.

Appears in 3 contracts

Samples: Contractor Agreement, Service Agreement, Service Agreement

Insurance Carrier Required Rating. All insurance companies must carry a rating acceptable to the Office of Risk and Insurance Management – A Management. “A” or better and a financial size category of VII “VII” or better to the latest edition of the A.M. Best Key Rating Guide. Any other rating classification requires State approval. If the Contractor is self- self-insured for a portion or all of its insurance, review of financial information including a letter of credit may be required.

Appears in 1 contract

Samples: Service Agreement

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Insurance Carrier Required Rating. All insurance companies must carry a rating acceptable to the Office of Risk and Insurance Management – A A- or better and financial size category of VII or better to the latest edition of the A.M. Best Key Rating Guide. If the Contractor is self- self-insured for a portion or all of its insurance, review of financial information including a letter of credit may be required.

Appears in 1 contract

Samples: Master Services Agreement

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