Common use of Insurance Policy Requirements Clause in Contracts

Insurance Policy Requirements. All insurance policies to be carried by Tenant hereunder shall conform to the following requirements: (a) The insurer in each case shall carry a designation in “Best’s Insurance Reports” as issued from time to time throughout the Term as follows: Policyholders’ rating of A-; financial rating of not less than VII; (b) The insurer shall be qualified to do business in the State; (c) Certificates of insurance shall be delivered to Landlord at commencement of the term and certificates of renewal at least 30 days prior to the expiration of each policy; and (d) Each policy shall require that the insurer notify Landlord in writing at least 30 days prior to any cancellation or expiration of such policy, or any reduction in the amounts of insurance carried.

Insurance Policy Requirements. All insurance policies to be carried by Tenant hereunder shall conform to the following requirements: (a) The insurer in each case shall carry a designation in “Best’s Insurance Reports” as issued from time to time throughout the Term as follows: Policyholders’ rating of A-; financial rating of not less than VII; (b) The insurer shall be qualified to do business in the State; (c) Certificates of insurance shall be delivered to Landlord at commencement of the term and certificates of renewal at least 30 five (5) business days prior to the expiration of each policy; and (d) Each policy shall require that the insurer notify Landlord in writing at least 30 thirty (30) days prior to any cancellation or expiration of such policy, or any reduction in the amounts of insurance carried.