Common use of Licensed Sureties and Insurers Clause in Contracts

Licensed Sureties and Insurers. All bonds and insurance required by the Contract Documents to be purchased and maintained by Contractor shall be obtained from surety or insurance companies that are duly licensed or authorized in the State of Texas to issue bonds or insurance policies for the limits and coverages so required. Such surety and insurance companies shall also meet such additional requirements and qualifications as may be provided in the Supplementary Conditions.

Licensed Sureties and Insurers. All bonds and insurance required by the Contract Documents to be purchased and maintained by Contractor shall be obtained from surety or insurance companies that are duly licensed or authorized in the State of Texas to issue bonds or insurance policies for the limits and coverages coverage so required. Such surety and insurance companies shall also meet such additional requirements and qualifications as may be provided in the Supplementary ConditionsSection 4.04.