Insurance; Malpractice Sample Clauses
The 'Insurance; Malpractice' clause requires a party, typically a service provider or professional, to maintain adequate insurance coverage against claims of malpractice or professional negligence. This clause usually specifies the types and minimum amounts of insurance required, such as professional liability or errors and omissions insurance, and may require proof of coverage to be provided to the other party. Its core function is to protect both parties by ensuring that financial resources are available to cover potential losses or damages resulting from professional errors, thereby allocating risk and providing reassurance that claims can be addressed without undue financial hardship.
Insurance; Malpractice. Disclosure Schedule 5.17 contains a list and brief description of all policies or binders of fire, liability, product liability, workers compensation, health and other forms of insurance policies or binders currently in force insuring against risks to which the Company has been a party, a named insured or otherwise the beneficiary of coverage at any time during the five (5) years immediately preceding the Closing Date. Disclosure Schedule 5.17 contains a description of all current malpractice liability insurance policies of Shareholders, the Company, and the Company’s professional employees and all predecessor policies in effect. Except as set forth on Disclosure Schedule 5.17 : (a) neither the Company, its professional employees, nor either Shareholder has, during the five (5) years immediately preceding the Closing Date, filed a written application for any insurance coverage relating to the Company’s business or property which has been denied by an insurance agency or carrier; and (b) the Company, its professional employees and the Shareholders have been continuously insured for professional malpractice claims during the same period. Disclosure Schedule 5.17 also sets forth a list of all claims for any insured loss in excess of Five Thousand and 00/100 Dollars ($5,000) per occurrence filed by the Company, its professional employees or the Shareholders during the five (5) years immediately preceding the Closing Date, including workers compensation, general liability, environmental liability and professional malpractice liability claims. With respect to each insurance policy listed in Disclosure Schedule 5.17: (i) the policy is legal, valid, binding, enforceable, and in full force and effect; (ii) the policy will continue to be legal, valid, binding, enforceable, and in full force and effect on identical terms following the consummation of the transactions contemplated hereby; (iii) neither the Company, the Shareholders, nor to the Shareholders’ Knowledge, other health care professionals or any other party to the policy is in breach or default (including with respect to the payment of premiums or the giving of notices), and no event has occurred which, with notice or the lapse of time, would constitute such a breach or default, as would permit termination, modification, or acceleration, under the policy; (iv) neither the Company nor the Shareholders have repudiated any provision thereof and no other party to the policy has repudiated any provision thereof;...
Insurance; Malpractice. Section 3(j) of the Disclosure Schedule contains a list and brief description of all policies or binders of fire, liability, product liability, workers compensation, health and other forms of insurance policies or binders currently in force insuring against risks which will remain in full force and effect at least through the Closing Date. Section 3(j) of the Disclosure Schedule contains a description of all current malpractice liability insurance policies of the Physician Owner, AOR and AOR's professional employees and all predecessor policies in effect since February 1, 1990. Neither AOR, the Physician Owner, nor AOR's professional employees have, in the last seven (7) years, filed a written application for any insurance coverage relating to AOR's business or property which has been denied by an insurance agency or carrier. AOR, AOR's professional employees and the Physician Owner have been continuously insured for professional malpractice claims during the same period. Section 3(j) of the Disclosure Schedule also sets forth a list of all claims for any insured loss in excess of Five Thousand Dollars ($5,000.00) per occurrence filed by or against AOR, AOR's professional employees or the Physician Owner during the three (3) year period immediately preceding the date hereof, including workers compensation, general liability, environmental liability and professional malpractice liability claims. None of AOR, AOR's professional employees or the Physician Owner is in material default with respect to any provision contained in any such policy and none of them has failed to give any notice or present any claim under any such policy in due and timely fashion.
Insurance; Malpractice. Section 3(j) of the Disclosure Schedule contains a list and brief description of all policies or binders of fire, liability, product liability, workers compensation, health and other forms of insurance policies or binders currently in force insuring against risks which will remain in full force and effect at least through the Closing Date. Section 3(j) of the Disclosure Schedule contains a description of all current malpractice liability insurance policies of the TALL Stockholders, TALL and TALL's professional employees and all predecessor policies in effect since February 1, 1990. Except as set forth on Section 3(j) of the Disclosure Schedule (a) neither TALL, the TALL Stockholders, nor its professional employees have, in the last seven (7) years, filed a written application for any insurance coverage relating to TALL's business or property which has been denied by an insurance agency or carrier and (b) TALL, TALL's professional employees and the TALL Stockholders have been continuously insured for professional malpractice claims during the same period. Section 3(j) of the Disclosure Schedule also sets forth a list of all claims for any insured loss in excess of Five Thousand Dollars ($5,000.00) per occurrence filed by TALL, TALL's professional employees or the TALL Stockholders during the three (3) year period immediately preceding the date hereof, including workers compensation, general liability, environmental liability and professional malpractice liability claims. None of TALL, TALL's professional employees nor the TALL Stockholders is in material default with respect to any provision contained in any such policy and none of them has failed to give any notice or present any claim under any such policy in due and timely fashion.
Insurance; Malpractice. All clinical LSU Personnel have been continuously insured for professional malpractice claims during the lesser of (i) the last three (3) years, or (ii) the period during which such LSU Personnel has been authorized to provide professional medical services on behalf of LSU. All clinical LSU Personnel are “qualified state health care providers” as defined in LA R.S. 40:1299.39, et seq., and are thus named insureds covered under the State’s professional liability insurance administered through the Office of Risk Management within DOA. To LSU’s Knowledge, no LSU Personnel is in default with respect to any provision contained in any policy covering the professional acts of such LSU Personnel and none of them has failed to give any notice or present any claim under any such policy in a due and timely fashion. LSU has maintained in effect and continues to maintain in effect such other policies of insurance as are customary for an academic medical center of size and scope of the operations of LSU, with such limits and other terms of coverage as are commercially reasonable for an academic medical center similar in size and scope to LSU.
Insurance; Malpractice. Section 3(j) of the Disclosure Schedule contains a list and brief description of all policies or binders of fire, liability, product liability, workers compensation, health and other forms of insurance policies or binders currently in force insuring against risks which will remain in full force and effect at least through the Closing Date. Section 3(j) of the Disclosure Schedule contains a description of all current malpractice liability insurance policies of SNG Stockholders, SNG and SNG's professional employees and all predecessor policies in effect since February 1, 1990. Neither SNG, the SNG Stockholders, nor SNG's professional employees have, in the last seven (7) years, filed a written application for any insurance coverage relating to SNG's business or property which has been denied by an insurance agency or carrier. SNG, SNG's professional employees and the SNG Stockholders have been continuously insured for professional malpractice claims during the same period. Section 3(j) of the Disclosure Schedule also sets forth a list of all claims for any insured loss in excess of Five Thousand Dollars ($5,000.00) per occurrence filed by or against SNG, SNG's professional employees or the SNG Stockholders during the three (3) year period immediately preceding the date hereof, including workers compensation, general liability, environmental liability and professional malpractice liability claims. None of SNG, SNG's professional employees or the SNG Stockholders is in material default with respect to any provision contained in any such policy and none of them has failed to give any notice or present any claim under any such policy in due and timely fashion.
Insurance; Malpractice. Section 3(j) of the Disclosure Schedule contains a list and brief description of all policies or binders of fire, liability, product liability, workers compensation, health and other forms of insurance policies or binders currently in force insuring against risks which will remain in full force and effect at least through the Closing Date. Section 3(j) of the Disclosure Schedule contains a description of all current malpractice liability insurance policies of OSMC Stockholders, OSMC and OSMC's professional employees and all predecessor policies in effect since February 1, 1990. Neither OSMC, the OSMC Stockholders, nor OSMC's professional employees have, in the last seven (7) years, filed a written application for any insurance coverage relating to OSMC's business or property which has been denied by an insurance agency or carrier. OSMC, OSMC's professional employees and the OSMC Stockholders have been continuously insured for professional malpractice claims during the same period. Section 3(j) of the Disclosure Schedule also sets forth a list of all claims for any insured loss in excess of Five Thousand Dollars ($5,000.00) per occurrence filed by or against OSMC, OSMC's professional employees or the OSMC Stockholders during the three (3) year period immediately preceding the date hereof, including workers compensation, general liability, environmental liability and professional malpractice liability claims. None of OSMC, OSMC's professional employees or the OSMC Stockholders is in material default with respect to any provision contained in any such policy and none of them has failed to give any notice or present any claim under any such policy in due and timely fashion.
Insurance; Malpractice. Exhibit 2.25 of the Exhibit Volume is a list and brief description of all policies of fire, general liability, professional liability, product liability, environmental impairment liability, worker's compensation, health and other forms of insurance policies or binders currently in force insuring against risks of CHC. CHC has no reason to believe that such insurance policies are not valid, binding and enforceable policies in full force and effect, and CHC believes that is has paid all premiums due and payable thereon. To the best knowledge of CHC: (i) there are no gaps in CHC' insurance coverage; (ii) CHC is not in default with respect to any provisions contained in any such insurance policy nor has it failed to give any material notice or present any material claim under any such insurance policy in due and timely fashion in each case where such default or failure to give notice or to present a claim could reasonably be expected to lead to a denial of coverage; and (iii) no insurer under any such insurance policies has refused, or threatened to refuse, to pay any claim currently pending under any of such insurance policies with respect to its business. CHC shall maintain insurance coverage of similar kinds and amounts and shall pay premiums for such coverage through the Closing Date.
Insurance; Malpractice. Section 3(j) of the Disclosure Schedule contains a list and brief description of all policies or binders of fire, liability, product liability, workers compensation, health and other forms of insurance policies or binders currently in force insuring against risks which will remain in full force and effect at least through the Closing Date. Section 3(j) of the Disclosure Schedule contains a description of all current malpractice liability insurance policies of MAURO, MRS and MRS's professional employees and all predecessor policies in effect since February 1, 1990. Except as set forth on Section 3(j) of the Disclosure Schedule (a) neither MRS, MAURO, nor its professional employees have, in the last seven (7) years, filed a written application for any insurance coverage relating to MRS's business or property which has been denied by an insurance agency or carrier and (b) MRS, MRS's professional employees and MAURO have been continuously insured for professional malpractice claims during the same period. Section 3(j) of the Disclosure Schedule also sets forth a list of all claims for any insured loss in excess of Five Thousand Dollars ($5,000.00) per occurrence filed by MRS, MRS's professional employees or MAURO during the three (3) year period immediately preceding the date hereof, including workers compensation, general liability, environmental liability and professional malpractice liability claims. None of MRS, MRS's professional employees nor MAURO is in material default with respect to any provision contained in any such policy and none of them has failed to give any notice or present any claim under any such policy in due and timely fashion.
Insurance; Malpractice of the Disclosure Schedule contains a list and brief description of all policies or binders of fire, liability, product liability, workers compensation, health and other forms of insurance policies or binders currently in force insuring against risks to which the Company has been a party, a named insured or otherwise the beneficiary of coverage at any time during the five (5) years immediately preceding the Closing
Insurance; Malpractice. Schedule 3.16(a) is a list and brief description of all policies or binders of fire, liability, product liability, worker's compensation, health and other forms of insurance policies or binders currently in force insuring against risks which will remain in full force and effect at least through the Closing Date. Schedule 3.16(b) contains a description of all malpractice liability insurance policies of Practice since 1980. Except as set forth on Schedule 3.16(c), (i) Practice has never filed a written application for any insurance coverage which has been denied by an insurance agency or carrier and (ii) Practice has been continuously insured for professional malpractice claims for at least the past seven (7) years. Schedule 3.16