Insurer Rating Sample Clauses
The Insurer Rating clause establishes minimum financial strength requirements for any insurance provider involved in the agreement. Typically, it specifies that the insurer must be rated at or above a certain level by recognized rating agencies such as A.M. Best or Standard & Poor’s, ensuring that only reputable and financially stable insurers are used. This clause helps protect the parties by reducing the risk that an insurer will be unable to pay claims, thereby ensuring reliable coverage throughout the contract term.
Insurer Rating. Insurance is to be placed with insurers with a Bests' rating of no less than A:VII.
Insurer Rating. Unless approved in writing by City, all Required Insurance shall be placed with insurers licensed to do business in the State of California and with a current A.M. Best rating of at least A:VIII.
Insurer Rating. Unless approved in writing by AGENCY, all Required Insurance shall be placed with insurers licensed to do business in the State of California and with a current A.M. Best rating of at least “A” and FSC-VIII.
Insurer Rating. The loan documents require that any insurance provider have a claims-paying and financial strength rating of not less than “A:VII” from A.M. Best Company or “A” from S&P. In-place coverage is provided by Zurich American Insurance Co., which has a rating from A.M. Best Company of “A+:XV” and “AA-” from S&P.
Insurer Rating. (a) Until the earlier of the Termination Date and the date on which ▇▇▇▇▇▇▇ acquires the Insurer pursuant to Section 5.6(a), if applicable, ▇▇▇▇▇▇ shall promptly provide ▇▇▇▇▇▇▇ with copies of all reports, presentations, correspondence or other information or communications provided by ▇▇▇▇▇▇ or any of its Affiliates or Representatives to A.M. Best or received by ▇▇▇▇▇▇ or any of its Affiliates or Representatives from A.M. Best, in each case, solely to the extent relating to the Insurer.
(b) Until the earlier of (i) such time as the Insurer has a stand-alone financial strength rating by A.M. Best of at least “A” (Excellent) and (ii) the earlier of the Termination Date and the date on which ▇▇▇▇▇▇▇ acquires the Insurer pursuant to Section 5.6(a), if applicable, ▇▇▇▇▇▇ shall continue to include the Insurer as a member of the ▇▇▇▇▇▇ North America Insurance Group for A.M. Best financial strength rating purposes, such that the financial strength rating of the Insurer by A.M. Best is the same as the other member insurance companies comprising the ▇▇▇▇▇▇ North America Insurance Group.
(c) Until the earlier of the Termination Date and the date on which ▇▇▇▇▇▇▇ acquires the Insurer pursuant to Section 5.6(a), if applicable, ▇▇▇▇▇▇ shall use its reasonable best efforts to ensure that the financial strength rating of the Insurer by A.M. Best at all times is at least “A” (Excellent).
Insurer Rating. All insurance required under this Schedule must be written with insurance companies authorized by state where Subcontractor is performing work to provide such insurance coverage. All such insurers must be reasonably acceptable to Contractor and rated no less than A- VII as shown in the most current issue of A.M. Best’s Key Rating Guide.
Insurer Rating. All policies of insurance maintained by Tenant’s Contractors pursuant to this Lease shall be issued by carriers, at all times maintaining an A.M. Best’s rating of A- VII or better, acceptable to Landlord in its reasonable discretion and authorized to do business in the state in which the Premises is located.
Insurer Rating. The Contractor shall select as an insurer only those insurance companies with a rating of A.M. Best Company rated AX (A-10) or better, unless otherwise specifically approved in writing by the Architect in consultation with the District.
Insurer Rating. The Required Insurance shall be procured and maintained with insurers with an A- or better rating as determined by Best’s Key Rating Guide.
Insurer Rating. The insurer(s) must be: • Rated B+ or better by the A. M. Best Company; or • Affiliated with ▇▇▇▇▇'▇ of London.