Insurers. All insurance required hereunder shall be procured from insurers that at the time coverage commences have a current policyholder’s management and financial size category rating of not less than “A-X” according to A.M. Best’s Financial Strength Rating and Financial Size Category (or an equivalent rating issued by Standard and Poor's), except as approved in writing by the Authority in its reasonable discretion.
Appears in 4 contracts
Samples: Project Agreement, Project Agreement, Project Agreement
Insurers. All insurance required hereunder shall be procured from insurers that at the time coverage commences have a current policyholder’s management financial strength and financial size category rating of not less than “A-XA-/VIII” according to A.M. Best’s Financial Strength Insurance Reports Key Rating and Financial Size Category Guide (or an equivalent rating issued by Standard and Poor's’s), except as approved in writing by the Authority Department in its reasonable discretion.
Appears in 1 contract
Samples: Partnership Agreement
Insurers. All insurance required hereunder shall be procured from insurers that at the time coverage commences have a current policyholder’s management financial strength and financial size category rating of not less than “A-X” "A-/VIII" according to A.M. Best’s Financial Strength Insurance Reports Key Rating and Financial Size Category Guide (or an equivalent rating issued by Standard and Poor's’s), except as approved in writing by the Authority Department in its reasonable discretion. All Insurance Policies shall be issued by insurers authorized to do business in the Commonwealth.
Appears in 1 contract
Samples: Disputes Review Board Agreement