Common use of Insurer Serviceability Clause in Contracts

Insurer Serviceability. The Broker will notify the Department's Contract Manager of any concerns regarding the ability to provide ongoing services, claims settlement, or any diminished actions including, but not limited to, the reduction in the financial rating of the Insurer providing coverage subsequent to Contract award. Failure to notify the Department of concerns may, at the Department's option result in termination of the Insurance Policy.

Appears in 2 contracts

Samples: Commercial Automobile Insurance Contract, Government Crime Insurance Contract

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Insurer Serviceability. The Broker will notify the Department's ’s Contract Manager of any concerns regarding the ability to provide ongoing services, claims settlement, Claims settlement or any diminished actions includingactions, including but not limited to, the reduction in the financial rating of the Insurer insurer providing coverage subsequent to Contract awardcoverage. Failure to notify the Department of concerns may, at the Department's option option, result in termination of the Insurance Policy.

Appears in 2 contracts

Samples: Contract for Commercial Automobile Insurance, Commercial Automobile Insurance Contract

Insurer Serviceability. The Broker will notify the Department's Contract Manager of any concerns regarding the ability to provide ongoing services, claims Claims settlement, or any diminished actions including, but not limited to, the reduction in the financial rating of the Insurer insurer providing coverage subsequent to Contract contract award. Failure to notify the Department of concerns may, at the Department's option result in termination of the Insurance Policy.

Appears in 2 contracts

Samples: Aviation Hull & Liability Insurance, Commercial Automobile Insurance

Insurer Serviceability. The Broker will notify the Department's Contract Manager of any concerns regarding the ability to provide ongoing services, claims settlement, or any diminished actions including, but not limited to, the reduction in the financial rating of the Insurer providing coverage subsequent to Contract award. Failure to notify the Department of concerns may, at the Department's option option, result in termination of the Insurance Policy.

Appears in 1 contract

Samples: Electronic Data Processing Equipment Insurance Contract

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Insurer Serviceability. The Broker will notify the Department's ’s Contract Manager of any concerns regarding the ability to provide ongoing services, claims Claims settlement, or any diminished actions including, but not limited to, the reduction in the financial rating of the Insurer insurer providing coverage subsequent to Contract contract award. Failure to notify the Department of concerns may, at the Department's option option, result in termination of the Insurance Policy.

Appears in 1 contract

Samples: Government Crime Insurance Contract

Insurer Serviceability. The Broker will notify the Department's ’s Contract Manager of any concerns regarding the ability to provide ongoing services, claims settlement, Claims settlement or any diminished actions includingactions, including but not limited to, the reduction in the financial rating of the Insurer insurer providing coverage subsequent to Contract awardcoverage. Failure to notify the Department of concerns concerns, may, at the Department's option option, result in termination of the Insurance Policy.

Appears in 1 contract

Samples: Electronic Data Processing (Edp) Equipment Insurance

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