Common use of Insurer Requirements Clause in Contracts

Insurer Requirements. All insurance required by express provision of this Agreement shall be carried only by responsible insurance companies that are rated “A-” and “V” or better by the A.M. Best Key Rating Guide, and are licensed to do business in the State of California. CITY will accept insurance provided by non-admitted “surplus lines” carriers only if the carrier is authorized to do business in the State of California.

Appears in 4 contracts

Samples: Consultant Agreement, Consulting Agreement, Consulting Agreement

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Insurer Requirements. All insurance required by express provision of this Agreement shall be carried only by responsible insurance companies that are rated “A-” and “V” or better by the A.M. Best Key Rating Guide, and are licensed to do business in the State of California. CITY Customer will accept insurance provided by non-admitted “surplus lines” carriers only if the carrier is authorized to do business in the State of California.

Appears in 1 contract

Samples: Subscription Agreement

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