Minimum Policy. No first-year commissions will be paid or premium credit allowed on any new life insurance policy with a face amount of less than $10,000 with the exception of Guaranteed Purchase Option riders.
Minimum Policy. On its own behalf and on behalf of each physician or other Professional its employs, and each physician or other Professional contracting with P.C. for the provision of professional services, P.C. shall provide and keep in force a malpractice insurance policy or policies of standard form in the State of New York, with limits mutually acceptable to Manager and P.
Minimum Policy. On its own behalf and on behalf of each physician or other Professional that it employs, and each physician or other Professional contracting with P.C. for the provision of professional services, P.C. shall provide and keep in force a malpractice insurance policy or policies of standard form in the State of New Jersey, with limits mutually acceptable to Manager and P.C. The policies shall be obtained by P.C. or, as the case may be, by each such physician or other Professional employed by P.C., or contracting with P.C., and certificates thereof shall be delivered to Manager prior to the inception of operations of any Site, together with evidence of the payment of the premiums thereon, and shall be placed with insurance companies authorized and licensed to issue such policies in the State of New Jersey at rates deemed reasonable and appropriate and having reserves in an amount deemed to be reasonably adequate by P.C. and Manager. P.C. shall use its best efforts to name Manager as an additional insured party on all malpractice insurance and Manager may, at its option, participate in the procurement of cost-effective coverage on behalf of P.C. P.C. shall provide documentation to Manager that all such insurance is in full force and effect on each subsequent anniversary of the Commencement Date and not less than ten (10) days prior to the earlier of the dates upon which P.C. employs or enters into a contract with any Professional to provide services at Site.
Minimum Policy. Group Practice shall, at Physician Stockholder's expense, at all times during the Term of Engagement, maintain and keep in force professional liability insurance "claims made" (or occurrence) policies of standard form in the State providing coverage for Physician Stockholder, Group Practice and Administrator (if possible) with limits of not less than Two Hundred Thousand Dollars ($200,000.00) per occurrence, and not less than Six Hundred Thousand Dollars ($600,000.00) in the aggregate, or such higher amount as may be deemed reasonable and/or necessary for each single year. The policy shall be placed with insurance companies authorized and licensed to issue such policies in the State with an "A" or higher A.M. Best Rating and reasonably acceptable to Group Practice, and shall name Physician Stockholder, Group Practice and Administrator (if possible) as insured parties. Physician Stockholder shall cooperate fully with Group Practice and such insurance companies in order to obtain such professional liability insurance policy.
Minimum Policy. Employer shall at Employer’s expense and at all times during the terms of employment maintain and keep in force professional liability insurance for the protection of Employee during her employment in the standard form required by the State of Florida and in a form and from a company acceptable to Employer, providing coverage for Employee in the amount of one million dollars per occurrence and three million dollars aggregate per annum ($1 million/$3 million). The policy or policies shall be placed with insurance companies authorized and licensed to issue such policies in the State of Florida and shall name Employer and Employer’s principal, , M.D., as additional insureds. The insurance company shall be required to give written notice to Employer should any change in coverage occur. Employee shall cooperate fully with Employer and such insurance companies in order to obtain such professional liability insurance policies and shall provide a copy of the policy and certificate of coverage to Employer. Such policy shall be an “occurrences” policy; however, it may be a “claims made” policy if tail coverage is obtained.
Minimum Policy. During the Term of Employment, the Clinic shall maintain in force and effect for the remainder of their outstanding terms, all professional liability insurance policies, if any, which are transferred from Old Clinic to the Clinic. All documents evidencing the transfer of such policies shall be in a form acceptable to Administrator (as hereinafter defined). At all times during the Term of Employment other than when such transferred policies are in effect, the Clinic shall maintain and keep in force professional liability insurance "claims made" policies of acceptable form in the State providing coverage for Physician and Clinic with limits of not less than One Million and No/100 Dollars ($1,000,000.00) per occurrence, and not less than Three Million and No/100 Dollars ($3,000,000.00) in the aggregate for each policy year. For purposes of this Agreement, "acceptable form" shall mean any form reasonably acceptable to Physician, Clinic and the Administrator (as hereinafter defined). The policy shall be placed with insurance companies reasonably acceptable to Clinic which are authorized by the State Insurance Department to issue such policies in the State and which have an A.M. Best rating of A:IX or better (except for any such policies transferred from Old Clinic, if any, and except as otherwise agreed) and such policies shall name both the Clinic and Physician as named insureds. Physician shall cooperate fully with Clinic and such insurance companies in order to obtain such professional liability insurance policy.
Minimum Policy. On its own behalf and on behalf of each physical therapist or other Professional its employs, and each physical therapist or other Professional contracting with P.C. for the provision of professional services, P.C. shall provide and keep in force a malpractice insurance policy or policies of standard form in the State of New Jersey, with limits mutually acceptable to Manager and P.C. The policies shall be obtained by P.C. or, as the case may be, by each such physical therapist or other Professional employed by P.C., or contracting with P.C., and certificates thereof shall be delivered to Manager prior to the inception of operations of any Site, together with evidence of the payment of the premiums thereon, and shall be placed with insurance companies authorized and licenses to issue such policies in the State of New Jersey at rates deemed reasonable and appropriate and having reserves in an amount deemed to be reasonably adequate by P.C. and Manager. P.C. shall use its best efforts to name Manager as an additional insured party on all malpractice insurance and Manager may, at its option, participate in the procurement of cost-effective coverage on behalf of P.C. P.C. shall provide documentation to Manager that all such insurance is in full force and effect on each subsequent anniversary of the Commencement Date and not less than ten (10) days prior to the earlier of the dates upon which P.C. employs or enters into a contract with any Professional to provide services at Site.
Minimum Policy. On its own behalf and on behalf of each physician or other Professional its employs, and each physician or other Professional contracting with P.C. for the provision of professional services, P.C. shall provide and keep in force a malpractice insurance policy or policies of standard form in the State of Delaware, with limits mutually acceptable to Manager and P.C. The policies shall be obtained by P.C. or, as the case may be, by each such physician or other Professional employed by P.C., or contracting with P.C., and certificates thereof shall be delivered to Manager prior to the inception of operations of any Site, together with evidence of the payment of the premiums thereon, and shall be placed with insurance companies authorized and licensed to issue such
Minimum Policy. On its own behalf and on behalf of each physical therapist or other Professional it employs, and each physical therapist or other Professional contracting with P.C. for the provision of professional services, P.C. shall provide and keep in force a malpractice insurance policy or policies of standard form in the Commonwealth of Pennsylvania, with limits mutually acceptable to Manager and P.C. The policies shall be obtained by P.C. or, as the case may be, by each such physical therapist or other Professional employed by P.C., or contracting with P.C., and certificates thereof shall be delivered to Manager prior to the inception of operations of any Site, together with evidence of the payment of the premiums thereon, and shall be placed with insurance companies authorized and licensed to issue such policies in the Commonwealth of Pennsylvania at rates deemed reasonable and appropriate and having reserves in an amount deemed to be reasonably adequate by P.C. and Manager. P.C. shall use its best efforts to name Manager as an additional insured party on all malpractice insurance and Manager may, at its option, participate in the procurement of cost-effective coverage on behalf of P.C. P.C. shall provide documentation to Manager that all such insurance is in full force and effect on each subsequent anniversary of the Commencement Date and not less than ten (10) days prior to the earlier of the dates upon which P.C. employs or enters into a contract with any Professional to provide services at Site.
