Common use of Insurance Review Clause in Contracts

Insurance Review. Insurance requirements are subject to periodic review by the Commission. The Director of Risk Management or designee is authorized, but not required, to reduce, waive or suspend any insurance requirements whenever Risk Management determines that any of the required insurance is not available, is unreasonably priced, or is not needed to protect the interests of the Commission. In addition, if the Department of Risk Management determines that heretofore unreasonably priced or unavailable types of insurance coverage or coverage limits become reasonably priced or available, the Director of Risk Management or designee is authorized, but not required, to change the above insurance requirements to require additional types of insurance coverage or higher coverage limits, provided that any such change is reasonable in light of past claims against the Commission, inflation, or any other item reasonably related to the Commission’s risk. Any change requiring additional types of insurance coverage or higher coverage limits must be made by amendment to this Contract. Contractor agrees to execute any such amendment within thirty (30) days of receipt. Any failure, actual or alleged, on the part of the Commission to monitor or enforce compliance with any of the insurance and indemnification requirements will not be deemed as a waiver of any rights on the part of the Commission.

Insurance Review. Insurance requirements are subject to periodic review by the CommissionICEMA. The Director of Risk Management or designee is authorized, but not required, to reduce, waive or suspend any insurance requirements whenever Risk Management determines that any of the required insurance is not available, is unreasonably priced, or is not needed to protect the interests of the CommissionICEMA. In addition, if the Department of Risk Management determines that heretofore unreasonably priced or unavailable types of insurance coverage or coverage limits become reasonably priced or available, the Director of Risk Management or designee is authorized, but not required, to change the above insurance requirements to require additional types of insurance coverage or higher coverage limits, provided that any such change is reasonable in light of past claims against the CommissionICEMA, inflation, or any other item reasonably related to the CommissionICEMA’s risk. Any change requiring additional types of insurance coverage or higher coverage limits must be made by amendment to this ContractCONTRACT. Contractor HOSPITAL agrees to execute any such amendment within thirty (30) days of receipt. Any failure, actual or alleged, on the part of the Commission ICEMA to monitor or enforce compliance with any of the insurance and indemnification requirements will not be deemed as a waiver of any rights on the part of the CommissionICEMA.

Insurance Review. Insurance requirements are subject to periodic review by the CommissionDepartment. The Department’s Director of Risk Management or designee is authorized, but not required, to reduce, waive or suspend any insurance requirements whenever Risk Management that Director determines that any of the required insurance is not available, is unreasonably priced, or is not needed to protect the interests of the CommissionDepartment. In addition, if the Department of Risk Management determines that heretofore unreasonably priced or unavailable types of insurance coverage or coverage limits become reasonably priced or available, the Director of Risk Management or designee is authorized, but not required, to change the above insurance requirements to require additional types of insurance coverage or higher coverage limits, provided that any such change is reasonable in light of past claims against the CommissionDepartment, inflation, or any other item reasonably related to the CommissionDepartment’s risk. Any change requiring additional types of insurance coverage or higher coverage limits must be made by amendment to this ContractAgreement. Contractor City agrees to execute any such amendment within thirty (30) days of receipt. Any failure, actual or alleged, on the part of the Commission Department to monitor or enforce compliance with any of the insurance and indemnification requirements will not be deemed as a waiver of any rights on the part of the CommissionDepartment.