Common use of Premiums, Deductibles and Self-Insured Retentions Clause in Contracts

Premiums, Deductibles and Self-Insured Retentions. Developer shall timely pay the premiums for all insurance required under this Agreement. Subject to Section 13, TxDOT shall have no liability for any deductibles, self- insured retentions and amounts in excess of the coverage provided. In the event that any required coverage is provided under a self-insured retention, the entity responsible for the self-insured retention shall have an authorized representative issue a letter to TxDOT, at the same time the insurance policy is to be procured, stating that it shall protect and defend TxDOT to the same extent as if a commercial insurer provided coverage for TxDOT.

Premiums, Deductibles and Self-Insured Retentions. Developer shall timely pay the premiums for all insurance required under this Agreement. Subject to Section 13, TxDOT shall have no liability for any deductibles, self- self - insured retentions and amounts in excess of the coverage provided. In the event that any required coverage is provided under a self-insured retention, the entity responsible for the self-insured retention shall have an authorized representative issue a letter to TxDOT, at the same time the insurance policy is to be procured, stating that it shall protect and defend TxDOT to the same extent as if a commercial insurer provided coverage for TxDOT.