Common use of Qualified Insurers Clause in Contracts

Qualified Insurers. Each of the insurance policies required hereunder shall be procured from an insurance carrier or company that, at the time coverage under the applicable policy commences is: (a) Authorized to do business in the State and has a current policyholder’s management and financial size category rating of not less that “A – VII” according to A.M. Best’s Insurance Reports Key Rating Guide; or (b) Otherwise approved in writing by TxDOT.

Appears in 30 contracts

Samples: Development Agreement, Design Build Agreement, Capital Maintenance Agreement

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Qualified Insurers. Each of the insurance policies required hereunder shall be procured from an insurance carrier or company that, at the time coverage under the applicable policy commences is: : (a) Authorized authorized to do business in the State and has a current policyholder’s management and financial size category rating of not less that “A –, VII” according to A.M. Best’s Insurance Reports Key Rating Guide; or or (b) Otherwise otherwise approved in writing by TxDOT.

Appears in 11 contracts

Samples: Capital Maintenance Agreement, Capital Maintenance Agreement, Capital Maintenance Agreement

Qualified Insurers. Each of the insurance policies required hereunder shall be procured from an insurance carrier or company that, at the time coverage under the applicable policy commences is: : (a) Authorized authorized to do business in the State and has a current policyholder’s management and financial size category rating of not less that “A –, VII” according to A.M. Best’s Insurance Reports Key Rating Guide; or (b) Otherwise approved in writing by TxDOT.

Appears in 8 contracts

Samples: Capital Maintenance Agreement, Capital Maintenance Agreement, Capital Maintenance Agreement

Qualified Insurers. Each of the insurance policies required hereunder shall be procured from an insurance carrier or company that, at the time coverage under the applicable policy commences is: commences, is (a) Authorized authorized to do business in the State and has a current policyholder’s management and financial size category rating of not less that “A –, VII” according to A.M. BestX.X. Xxxx’s Insurance Reports Key Rating Guide; or Guide or (b) Otherwise otherwise approved in writing by TxDOT.

Appears in 6 contracts

Samples: Capital Maintenance Agreement, Capital Maintenance Agreement, Capital Maintenance Agreement

Qualified Insurers. Each of the insurance policies required hereunder shall be procured from an insurance carrier or company that, at the time coverage under the applicable policy commences is: (a) Authorized to do business in the State and has a current policyholder’s management and financial size category rating of not less that “A – A–, VII” according to A.M. Best’s Insurance Reports Key Rating Guide; or (b) Otherwise approved in writing by TxDOT.

Appears in 6 contracts

Samples: Design Build Agreement, Design Build Agreement, Design Build Agreement

Qualified Insurers. Each of the insurance policies required hereunder shall be procured from an insurance carrier or company that, at the time coverage under the applicable policy commences is: (a) Authorized Licensed to do business in the State and has a current policyholder’s management and financial size category rating of not less that “A – VII” according to A.M. Best’s Insurance Reports Key Rating Guide; or (b) Otherwise approved in writing by TxDOT.

Appears in 5 contracts

Samples: Comprehensive Development Agreement, Capital Maintenance Agreement, Comprehensive Development Agreement

Qualified Insurers. Each of the insurance policies required hereunder shall be procured from an insurance carrier or company that, at the time coverage under the applicable policy commences is: (a) Authorized to do business in the State of Texas and has a current policyholder’s management and financial size category rating of not less that “A – VII” according to A.M. BestX.X. Xxxx’s Insurance Reports Key Rating Guide; or (b) Otherwise approved in writing by TxDOT.

Appears in 5 contracts

Samples: Design Build Agreement, Design Build Agreement, Design Build Agreement

Qualified Insurers. Each of the insurance policies required hereunder shall be procured from an insurance carrier or company that, at the time coverage under the applicable policy commences is: (a) Authorized to do business in the State of Texas and has a current policyholder’s management and financial size category rating of not less that “A – VII” according to A.M. Best’s Insurance Reports Key Rating Guide; or (b) Otherwise approved in writing by TxDOT.

Appears in 5 contracts

Samples: Design Build Agreement, Design Build Agreement, Design Build Agreement

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Qualified Insurers. Each of the insurance policies required hereunder shall be procured from an insurance carrier or company that, at the time coverage under the applicable policy commences is: commences, is (a) Authorized authorized to do business in the State and has a current policyholder’s management and financial size category rating of not less that “A –, VII” according to A.M. Best’s Insurance Reports Key Rating Guide; or Guide or (b) Otherwise otherwise approved in writing by TxDOT.

Appears in 4 contracts

Samples: Capital Maintenance Agreement, Capital Maintenance Agreement, Capital Maintenance Agreement

Qualified Insurers. Each of the insurance policies required hereunder shall be procured from an insurance carrier or company that, at the time coverage under the applicable policy commences is: (a) Authorized AuthhorizedLicensed to do business in the State and has a current policyholder’s management and financial size category rating of not less that “A – VII” according to A.M. Best’s Insurance Reports Key Rating Guide; or (b) Otherwise approved in writing by TxDOT.

Appears in 1 contract

Samples: Capital Maintenance Agreement

Qualified Insurers. Each of the insurance policies required hereunder shall be procured from an insurance carrier or company that, at the time coverage under the applicable policy commences is: (a) Authorized Authhorized to do business in the State and has a current policyholder’s management and financial size category rating of not less that “A – VII” according to A.M. Best’s Insurance Reports Key Rating Guide; or (b) Otherwise approved in writing by TxDOT.

Appears in 1 contract

Samples: Capital Maintenance Agreement

Qualified Insurers. Each of the insurance policies Insurance Policies required hereunder shall be procured from an insurance carrier or company that, insurer that at the time coverage under the applicable policy commences and throughout the term that coverage is required is: (a) Authorized a. Licensed or authorized to do business in the State and has a current policyholder’s management and financial size category rating of not less that “A – VII–: VIII” according to A.M. Best’s Insurance Reports Key Financial Strength Rating Guideand Financial Size Category; or (b) b. Otherwise approved in writing by TxDOTIFA in its good faith discretion.

Appears in 1 contract

Samples: Public Private Agreement

Qualified Insurers. Each of the insurance policies required hereunder shall be procured from an insurance carrier or company that, at the time coverage under the applicable policy commences is: (a) Licensed Authorized to do business in the State and has a current policyholder’s management and financial size category rating of not less that “A – VII” according to A.M. BestX.X. Xxxx’s Insurance Reports Key Rating Guide; or (b) Otherwise approved in writing by TxDOT.

Appears in 1 contract

Samples: Development Agreement

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