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 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.

Appears in 2 contracts

Samples: Merger Agreement (Specialty Care Network Inc), Merger 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 MAUROthe Shareholders, MRS APT and MRSAPT's professional employees and all predecessor policies in effect since February 1, 1990. Except as set forth on Section 3(j) of Neither APT, the Disclosure Schedule (a) neither MRS, MAUROShareholders, nor its APT's professional employees have, in the last seven (7) years, filed a written application for any insurance coverage relating to MRSAPT's business or property which has been denied by an insurance agency or carrier and (b) MRScarrier. APT, MRSAPT's professional employees and MAURO the 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 MRSor against APT, MRSAPT's professional employees or MAURO the 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 MRSAPT, MRSAPT's professional employees nor MAURO or the 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 MAUROJAGGEARS, MRS FJMDPC and MRSFJMDPC'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 MRSFJMDPC, MAUROJAGGEARS, nor its professional employees have, in the last seven (7) years, filed a written application for any insurance coverage relating to MRSFJMDPC's business or property which has been denied by an insurance agency or carrier and (b) MRSFJMDPC, MRSFJMDPC's professional employees and MAURO JAGGEARS 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 MRSFJMDPC, MRSFJMDPC's professional employees or MAURO JAGGEARS 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 MRSFJMDPC, MRSFJMDPC's professional employees nor MAURO JAGGEARS 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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