Common use of Insurance; Malpractice Clause in Contracts

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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Specialty Care Network Inc)

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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 OwnerShareholders, AOR APT and AORAPT's professional employees and all predecessor policies in effect since February 1, 1990. Neither AORAPT, the Physician OwnerShareholders, nor AORAPT's professional employees have, in the last seven (7) years, filed a written application for any insurance coverage relating to AORAPT's business or property which has been denied by an insurance agency or carrier. AORAPT, AORAPT's professional employees and the Physician Owner Shareholders 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 AORAPT, AORAPT's professional employees or the Physician Owner Shareholders 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 AORAPT, AORAPT's professional employees or the Physician Owner Shareholders 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Specialty Care Network Inc)

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 OwnerNCS Stockholder, AOR NCS and AORNCS's professional employees and all predecessor policies in effect since February 1, 1990. Neither AORNCS, the Physician OwnerNCS Stockholder, nor AORNCS's professional employees have, in the last seven (7) years, filed a written application for any insurance coverage relating to AORNCS's business or property which has been denied by an insurance agency or carrier. AORNCS, AORNCS's professional employees and the Physician Owner NCS Stockholder 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 AORNCS, AORNCS's professional employees or the Physician Owner NCS Stockholder 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 AORNCS, AORNCS's professional employees or the Physician Owner NCS Stockholder 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.

Appears in 1 contract

Samples: Merger Agreement (Specialty Care Network Inc)

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 OwnerShareholders, AOR AAII and AORAAII's professional employees and all predecessor policies in effect since February 1, 1990. Neither AORAAII, the Physician OwnerShareholders, nor AORAAII's professional employees have, in the last seven (7) years, filed a written application for any insurance coverage relating to AORAAII's business or property which has been denied by an insurance agency or carrier. AORAAII, AORAAII's professional employees and the Physician Owner Shareholders 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 AORAAII, AORAAII's professional employees or the Physician Owner Shareholders 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 AORAAII, AORAAII's professional employees or the Physician Owner Shareholders 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Specialty Care Network Inc)

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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 OwnerOSAL Stockholders, AOR OSAL and AOROSAL's professional employees and all predecessor policies in effect since February 1, 1990. Neither AOROSAL, the Physician OwnerOSAL Stockholders, nor AOROSAL's professional employees have, in the last seven (7) years, filed a written application for any insurance coverage relating to AOROSAL's business or property which has been denied by an insurance agency or carrier. AOROSAL, AOROSAL's professional employees and the Physician Owner OSAL 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 AOROSAL, AOROSAL's professional employees or the Physician Owner OSAL 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 AOROSAL, AOROSAL's professional employees or the Physician Owner OSAL 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.

Appears in 1 contract

Samples: Merger Agreement (Specialty Care Network Inc)

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 OwnerAIG Stockholder, AOR AIG and AORAIG's professional employees and all predecessor policies in effect since February 1, 1990. Neither AORAIG, the Physician OwnerAIG Stockholder, nor AORAIG's professional employees have, in the last seven (7) years, filed a written application for any insurance coverage relating to AORAIG's business or property which has been denied by an insurance agency or carrier. AORAIG, AORAIG's professional employees and the Physician Owner AIG Stockholder 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 AORAIG, AORAIG's professional employees or the Physician Owner AIG Stockholder 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 AORAIG, AORAIG's professional employees or the Physician Owner AIG Stockholder 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.

Appears in 1 contract

Samples: Merger Agreement (Specialty Care Network Inc)

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