Insurance Company Requirements. All such insurance required by this Lease or the other Lease Documents shall be issued and underwritten by insurance companies licensed to do insurance business by, and in good standing under the laws of, the State and which companies have and maintain a rating of A:X or better by A.M. Best Co.
Insurance Company Requirements. Insurance companies providing the insurance under this Agreement must meet the following requirements:
(1) Companies issuing policies other than Workers’ Compensation, must be authorized to conduct business in the State of Florida and prove same by maintaining Certificates of Authority issued to the companies by the Department of Insurance of the State of Florida. Policies for Workers’ Compensation may be issued by companies authorized as a group self-insurer by Section 440.57, Florida Statutes.
(2) In addition, such companies other than those authorized by Section 440.57, Florida Statutes, shall have and maintain a Best’s Rating of “A” or better and a Financial Size Category of “VII” or better according to A.M. Best Company.
(3) If, during the period which an insurance company is providing the insurance coverage required by this Agreement, an insurance company shall: 1) lose its Certificate of Authority, 2) no longer comply with Section 440.57, Florida Statutes, or 3) fail to maintain the requisite Best’s Rating and Financial Size Category, the CONTRACTOR shall, as soon as the CONTRACTOR has knowledge of any such circumstance, immediately notify the CITY and immediately replace the insurance coverage provided by the insurance company with a different insurance company meeting the requirements of this Agreement. Until such time as the CONTRACTOR has replaced the unacceptable insurer with an insurer acceptable to the CITY the CONTRACTOR shall be deemed to be in default of this Agreement.
Insurance Company Requirements. All insurance policies used to satisfy the requirements imposed hereunder shall be issued by insurers admitted to do business in the State of California. Insurers shall have a current Best’s rating of not less than A-:VII, unless otherwise approved by City.
Insurance Company Requirements. All insurance required pursuant to the loan documents shall be issued by insurance companies in good standing with a current rating of A- or better by A.M. Best Company and a Financial Size Category of VIII or higher.
Insurance Company Requirements. Insurance companies providing the insurance under this Agreement must meet the following requirements:
(1) Companies issuing policies must be authorized to conduct business in the State of Florida and prove such authorization by maintaining Certificates of Authority or Letters of Eligibility issued to the companies by the Florida Office of Insurance Regulation. Alternatively, policies required by this Agreement for Workers’ Compensation/Employer’s Liability, may be those authorized as a group self-insurer by Section 624.4621, Florida Statutes.
(2) In addition, such companies must have and maintain, at a minimum, a Best’s Rating of “A-” and a minimum Financial Size Category of “VII” according to A.M. Best Company.
(3) If, during the period that an insurance company is providing the insurance coverage required by this Agreement, an insurance company (i) loses its Certificate of Authority, or (ii) fails to maintain the requisite Best’s Rating and Financial Size Category, the CONTRACTOR shall immediately notify COUNTY as soon as CONTRACTOR has knowledge of any such circumstance and immediately replace the insurance coverage provided by the insurance company with a different insurance company meeting the requirements of this Agreement. Until such time as CONTRACTOR has replaced the unacceptable insurer with an insurer acceptable to COUNTY, CONTRACTOR will be deemed to be in default of this Agreement.
Insurance Company Requirements. If the public authorities or the Board of Fire Underwriters (sometimes known as the Middle Department Rating Bureau), or any of Lessor's insurance companies, require or recommend for the purpose of maintaining -or lowering insurance premiums or rate, the repair, replacement or alteration of any wiring or other electrical installations or other equipment placed or installed by Lessee upon or about the Demised Premises, Lessee agrees, upon written notice from Lessor, to cause the said work to be done in the manner recommended or required, and if Lessee fails to do so, Lessor shall have the right to do so and the cost thereof shall be paid by Lessee on demand of Lessor as additional rental hereunder.
Insurance Company Requirements. Applicant shall provide insurance coverage through insurers that have at least an “A” Financial Strength Rating and a “VII” Financial Size Category in accordance with the current ratings by the A.M. Best Company, Inc. as published in Best’s Key Rating Guide or on said company’s website. In addition, any and all insurers must be authorized to conduct business in the State of California and be a participant in the California Insurance Guaranty Association, as evidenced by a listing in the appropriate publication of the California Department of Insurance.
Insurance Company Requirements. All such insurance required by this Agreement shall be issued and underwritten by insurance companies licensed to do insurance business by, and in good standing under the laws of, the state in which each Facility is located and which companies have and maintain a rating of A:X or better by A.M. Best Co. or such higher rating as may be required by any Mortgagee.
Insurance Company Requirements. All such insurance required by this Agreement or any of the other Loan Documents shall be issued and underwritten by insurance companies licensed to do insurance business by, and in good standing under the laws of, the state where the Mortgaged Property is situated and which companies have and maintain a rating of A-X or better by A.M. Best Co.
Insurance Company Requirements. Insurance companies providing the insurance under this Agreement must meet the following requirements:
(1) Companies issuing policies (other than Workers’ Compensation) must be authorized to conduct business in the State of Florida and prove the same by maintaining Certificates of Authority issued to the companies by the Florida Office of Insurance Regulation.
(2) In addition, such companies shall have and maintain, at a minimum, a Best’s Rating of “A-” and a minimum Financial Size Category of “VII” according to A.M. Best Company.
(3) If during the period which an insurance company is providing the insurance coverage required by this Agreement, an insurance company shall: (i) lose its Certificate of Authority; or (ii) fail to maintain the requisite Best’s Rating and Financial Size Category, OEP shall, as soon as it has knowledge of any such circumstance, immediately notify the City and immediately replace the insurance coverage provided by the insurance company with a different insurance company meeting the requirements of this Agreement. Until such time as O E P has replaced the unacceptable insurer with an insurer acceptable to the City, OEP shall be deemed to be in default of this Agreement.
