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
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
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