Insurance Premium Benchmarking. Subject to Section 16.1.2.13 of the Agreement, this Section allocates the risk between the Department and Developer of significant increases in insurance premiums for Insurance Policies required during the period after Final Acceptance through an insurance benchmarking process. The benchmarking process will occur at each annual insurance renewal period according to the following provisions.
Insurance Premium Benchmarking. This Section 17.1.9 allocates the risk between IFA and Developer of significant increases in insurance premiums for Insurance Policies required during the period commencing upon the Substantial Completion Date and ending at the end of the Term through an insurance benchmarking process. The benchmarking process will occur at certain annual insurance renewal periods according to the following provisions.
Insurance Premium Benchmarking. 7.7.12.1. Except as otherwise provided in Section 7.7.11 and this Section 7.7.12, Maintenance Contractor shall bear the full risk of any insurance premium increases from the Effective Date until the end of the Term, and shall not be entitled to any Claim for relief for such increases. Solely with respect to insurance policies required to be maintained at any time during the Term under this Section 7 and Exhibit 10, TxDOT will allocate the risk of significant increases in insurance premiums through an insurance benchmarking process as set forth in this Section 7.7.12. In no event shall TxDOT participate in any insurance premium risk associated with either deductibles less than the maximum deductibles set forth in, or additional or extended coverages beyond those required under, this Section 7 or Exhibit 10, or changes in premiums that are not the result of market-based factors.
Insurance Premium Benchmarking. 4. Except as otherwise provided in Appendix 8, Developer shall bear the full risk of any insurance premium increases from the Effective Date until NTP 2, and shall not be entitled to any claim for relief for such increases. The Department will allocate the risk of significant increases in insurance premiums through an insurance benchmarking process as set forth in Appendix 8. In no event shall the Department participate in any insurance premium risk associated with additional or extended coverages beyond those required under Appendix 8, or changes in premiums that are not the result of market-based factors. The benchmarking process will occur at each insurance renewal period, but no less than [triennially] (unless the Parties mutually agree to a longer term), through the procedures described in Appendix 8.
Insurance Premium Benchmarking. Except as otherwise provided in Section 10.1.2.12 (Inadequacy and Unavailability of Required Coverage) and this Section 10.1.2.11, Developer shall bear the full risk of any insurance premium increases from the Financial Proposal Due Date until the Passenger Service Availability Date (or, if Insurance Policies required for the O&M Work are already in force at the Passenger Service Availability Date, until the expiration of those policies), and shall not be entitled to any claim for relief for such increases. During the O&M Period, LAWA will allocate the risk or benefit of increases and decreases in insurance premiums through an insurance benchmarking process as set forth in this
