Insurance Terms and Conditions. Company must maintain the following limits and coverages uninterrupted or amended through the term of this Agreement. In the event Company becomes in default of the following requirements, Authority reserves the right to take whatever actions it deems necessary to protect its interests. Required liability policies other than Workers’ Compensation / Employer’s Liability will provide that Authority, members of Authority’s governing body, and Authority’s officers, volunteers and employees are included as additional insureds.
Insurance Terms and Conditions. Company must maintain the following limits and coverages uninterrupted or amended through the Term of this Agreement. In the event the Company becomes in default of the following requirements the Authority reserves the right to take whatever actions deemed necessary to protect its interests. Required liability policies other than Workers’ Compensation/Employer’s Liability and Professional Liability will provide that the Authority, members of the Authority’s governing body, and the Authority’s officers, volunteers, agents, and employees are included as additional insureds. The minimum limits of insurance (inclusive of any amounts provided by an umbrella or excess policy) covering the work performed pursuant to this Agreement will be the amounts specified herein. To the extent it is used to meet the minimum limit requirements, any Umbrella or Excess coverage shall follow form to the Employer’s Liability, Commercial General Liability and Business Auto Liability coverages, including all endorsements and additional insured requirements. Any applicable Aggregate Limits in the Umbrella or Excess policy(ies) shall not be shared or diminished by claims unrelated to this Agreement.
Insurance Terms and Conditions. The Airline must maintain the following minimum limits and coverages uninterrupted or amended through the Term of this Agreement, subject to the right of the Authority to modify the insurance coverages or limits from time to time by amendment of the Resolution or this Agreement. In the event the Airline becomes in default of the following requirements, the Authority reserves the right to take whatever actions deemed necessary to protect its interests. Required liability policies other than Workers’ Compensation/Employer’s Liability will provide that the Authority and the Indemnified Parties are included as additional insureds.
Insurance Terms and Conditions. The Airline must maintain the following minimum limits and coverages uninterrupted or amended through the Term of this Agreement. In the event the Airline becomes in default of the following requirements, the Authority reserves the right to take whatever actions deemed necessary to protect its interests. Required liability policies other than Workers’ Compensation/Employer’s Liability and Professional Liability will provide that the Authority and the Indemnified Parties are included as additional insureds. The minimum limits of insurance (inclusive of any amounts provided by an umbrella or excess policy) covering the work performed pursuant to this Agreement will be the amounts specified herein. To the extent it is used to meet the minimum limit requirements, any Umbrella or Excess coverage shall follow form to the Employer’s Liability, Commercial General Liability and Business Auto Liability coverages, including all endorsements and additional insured requirements. Any applicable Aggregate Limits in the Umbrella or Excess policy(ies) shall not be shared or diminished by claims unrelated to this Agreement.
Insurance Terms and Conditions. The specific terms and conditions of the insurance coverage provided under this Article shall be subject to the insurance policies issued to the District by the insurance carrier(s). Notwithstanding the provisions of Sections 301, 302, and 803.1-803.5 above, the terms and conditions of said policies may be altered at any time that state or federal laws mandate such changes or in the event that certain types of specified policies or coverage are no longer available to the District. Should such occur the District shall be under no obligation to alter any other benefit as provided under this Agreement to compensate for changes to coverage necessitated under this section.
Insurance Terms and Conditions. 4.1. Part I – External damage to the vehicle, fire, explosion; hijacking of the subject of insurance (theft, burglary, robbery), or attempted hijacking except for exclusions indicated in the given Terms and Conditions
4.1.1. The Insurer shall pay insurance indemnification within the scope of sum insured, considering (deducting) deductible in cases, when damage or destruction of the insured vehicle or any part thereof is caused by risks set forth in 4.1 paragraph of this Agreement.
4.1.2. In case of destruction (total loss) or hijacking of the vehicle, the insurance indemnification is calculated by the following rule:
4.1.2.1. The Insurer may choose to indemnify the Insured/Beneficiary replacement value of the insured vehicle, either by: • paying the sum not exceeding the market value of the insured vehicle; or • purchasing a vehicle of model, brand and other parameters similar to the insured vehicle specified in the application in favor of the Insured. At the same time, in the cases aforesaid the Insurer shall retain the right to choose the less costly version.
4.1.3. In case of destruction (total loss), the Insured is entitled to offset premium due (if applicable) from an indemnification in full.
4.1.4. In case of destruction (total loss), if the Insurer reimburses the cost of transportation (evacuation) of the Insured vehicle (damaged as a result of an insured event) to the vehicle repairs, such sums will be deducted from the insurance indemnification payable by the Insurer, except cases when the insured vehicle market value appears to be less than the Sum Insured (in such case the Insurer will reimburse cost of transportation (evacuation) within GEL 1000, however not more than the Sum Insured).
4.1.5. In case of partial damage, the following procedure for payment of the insurance indemnification shall be applied to:
4.1.5.1. When the Insured vehicle age exceeds 3 (three) years, the Insurer and the Insured agree to assess the loss jointly, by representatives of the parties, after the insured event has been confirmed. The Assessment is carried out by either of the methods listed herein, mainly:
(1) Insured present cost estimation required for vehicle repair (restoration), if the Insurer does not agree with the cost estimation presented, he shall fairly adjust the cost estimation via his authorized expert, taking into consideration depreciation and other important conditions; or (2) the Insurer presents the cost estimation prepared by the authorized vehic...
Insurance Terms and Conditions. 4
4.1. Part I – External damage to the vehicle, fire, explosion; hijacking of the subject of insurance (theft, burglary, robbery), or attempted hijacking except for exclusions indicated in the given Agreement 4 4.2. Part II – THIRD PARTY LIABILITY 5 4.3. Part III – PERSONAL ACCIDENT OF THE AUTHORIZED DRIVER AND THE PASSENGERS 5 4.4. INSURANCE ACT AND INDEMNIFICATION 6 ARTICLE 5. GENERAL EXCLUSIONS 7 ARTICLE 6. INSURANCE PREMIUM TERMS 7 ARTICLE 7. SUBROGATION PROCEDURE 8 ARTICLE 8. DISPUTE AND RESPONSIBILIES OF THE PARTIES 8 ARTICLE 9. FORCE-MAJEURE 8 ARTICLE 10. TERMINATION OF INSURANCE/AGREEMENT 8
Insurance Terms and Conditions. Special Counsel must maintain the following limits and coverages uninterrupted or amended through the Term of this Contract. In the event the Special Counsel becomes in default of the following requirements, the Authority reserves the right to take whatever actions deemed necessary to protect its interests. Required liability policies other than Workers’ Compensation/Employer’s Liability and Professional Liability will provide that the Authority, members of the Authority’s governing body, and the Authority’s officers, volunteers and employees are included as additional insured.
Insurance Terms and Conditions. PROOF OF INSURANCE Contractor shall provide proof of insurance, in the form of a certificate to the Requesting Agency. Insurance companies must be acceptable to DGS, Office of Risk Management (ORIM). If self- insured, review of financial information may be required.
Insurance Terms and Conditions. The Airline must maintain the following minimum limits and coverages uninterrupted or amended through the Term of this Agreement, subject to the right of the Authority to modify the insurance coverages or limits from time to time by amendment of the Resolution or this Agreement. In the event the Airline becomes in default of the following requirements, the Authority reserves the right to take whatever actions deemed necessary to protect its interests. Required liability policies other than Workers’ Compensation/Employer’s Liability will provide that the Authority and the Indemnified Parties are included as additional insureds. The minimum limits of insurance (inclusive of any amounts provided by an umbrella or excess policy) covering the work performed pursuant to this Contract will be the amounts specified herein. To the extent it is used to meet the minimum limit requirements, any Umbrella or Excess coverage shall follow form to the Employer’s Liability, Commercial General Liability and Business Auto Liability coverages, including all endorsements and additional insured requirements. Any applicable Aggregate Limits in the Umbrella or Excess policy(ies) shall not be shared or diminished by claims unrelated to this Contract.
