Qualifications of Insurers. Each policy shall be issued by an insurance company having an “A. M. Best’s Rating” of at least B+ and having a “Financial Size Categories” rating of at least VII in the most current edition of “A. M. Best’s Insurance Reports” issued by A.M. Best Company. In addition, each policy shall be issued by an “admitted” insurance company (i.e., one that is qualified and licensed to do business in the State of California).
Appears in 6 contracts
Samples: District Facilities Use Agreement, District Facilities Use Agreement, District Facilities Use Agreement