Issuers of Policies. The issuer of any policy carried by Lessee shall have a Certificate of Authority to transact insurance business in the State of Texas and have a Best's rating of at least B+ and a Best's Financial Size Category of Class VI or better, according to the most current edition of Best's Key Rating Guide, Property-Casualty United States. Each issuer must be responsible and reputable, must have financial capability consistent with the risks covered, and shall be subject to approval by the Director.
Appears in 3 contracts
Samples: Special Facilities Lease Agreement (Continental Airlines Inc /De/), Special Facilities Lease Agreement (Continental Airlines Inc /De/), Special Facilities Lease Agreement (Continental Airlines Inc /De/)
Issuers of Policies. The issuer of any policy carried by Lessee shall have a Certificate of Authority to transact insurance business in the State of Texas and have a Best's rating of at least B+ A- and a Best's Financial Size Category of Class VI or better, according to the most current edition of Best's Key Rating Guide, Property-Casualty United States. Each issuer must be responsible and reputable, must have financial capability consistent with the risks covered, and shall be subject to approval by the Director.
Appears in 1 contract
Samples: Terminal Lease Agreement (Continental Airlines Inc /De/)
