Self-Insurance Option Sample Clauses

The Self-Insurance Option clause allows one party, typically the contractor or service provider, to fulfill insurance requirements by self-insuring rather than purchasing coverage from a third-party insurer. In practice, this means the party assumes financial responsibility for certain risks or liabilities that would otherwise be covered by an insurance policy, often subject to demonstrating sufficient financial resources or meeting specific conditions set by the contract. This clause provides flexibility for large or financially stable entities to manage risk internally, potentially reducing costs and administrative burdens associated with traditional insurance policies.
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Self-Insurance Option. Bay County is registered as a "Self-Insuring Employer" under State and Federal rules for payment of workers' compensation benefits and as such does provide this benefit to the employees.
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Self-Insurance Option. In lieu of compliance with section 4.3 above, Facility Participating Provider may with the prior written approval of North Sound BH-ASO, self-insure for medical malpractice liability, as well as comprehensive general liability. Facility Participating Provider shall maintain a separate reserve for its self-insurance. Upon reasonable request by North Sound BH- ASO, Facility Participating Provider shall provide a statement, verified by an independent auditor or actuary, that the reserve maintained by Facility Participating Provider for its self-insurance is sufficient and adequate. In addition to maintaining its self-insurance, Facility Participating Provider shall assure that all health care professionals employed by or under contract with Facility Participating Provider to render Psychiatric Inpatient Services to Individuals procure and maintain adequate medical malpractice insurance unless they are covered by Facility Participating Provider’s self-insurance. Failure to maintain adequate self-insurance shall trigger the requirement to obtain and maintain Insurance under section 4.3.
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Self-Insurance Option. So long as Tenant’s net worth is at least One Hundred Million Dollars ($100,000,000.00), Tenant shall have the right and option to self-insure (in whole or in part) against the risks described in Section 12.3.1 above, provided, Tenant’s self insurance program (in Landlord’s reasonable discretion) provides at least the same coverage and benefits to Landlord as the insurance described in Section 12.3.1 above. Within thirty (30) days of notice of any request, Tenant shall provide Landlord such reasonable information as Landlord may reasonably request from time respecting Tenant’s self insurance program. In no event shall this Section 12.3.2, or Landlord’s agreement respecting self insurance hereunder, apply to or inure to the benefit of any subtenant or non Affiliate assignee of Tenant. If Tenant elects to terminate its program of self insurance for any reason, Tenant shall promptly notify Landlord, which notice shall be accompanied by a third party certificate of insurance in compliance with the terms of Section 12.3.1.
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Self-Insurance Option. Notwithstanding anything to the contrary contained in this Lease, Tenant shall have the right to self insure as to State Industrial Insurance under Chapter 616, on meeting the requirements set forth herein.
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Self-Insurance Option. In lieu of compliance with section 4.3 above, Provider may with the prior written approval of UBH, self-insure for medical malpractice liability, as well as comprehensive general liability. Provider shall maintain a separate reserve for its self-insurance. Upon reasonable request by UBH, Provider shall provide a statement, verified by an independent auditor or actuary, that the reserve maintained by Provider for its self-insurance is sufficient and adequate. In addition to maintaining its self-insurance, Provider shall assure that all health care professionals employed by or under contract with Provider to render MHSA Services to Members procure and maintain adequate medical malpractice insurance unless they are covered by Provider’s self-insurance. Failure to maintain adequate self-insurance shall trigger the requirement to obtain and maintain Insurance under section 4.3.
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Self-Insurance Option. In lieu of compliance with section 4.3 above, Facility Participating Provider may self-insure for medical malpractice liability, as well as commercial general liability. Facility Participating Provider shall maintain a separate reserve for its self-insurance. Upon reasonable request by North Sound BH-ASO, Facility Participating Provider shall provide a statement, verified by an independent auditor or actuary, that the reserve maintained by Facility Participating Provider for its self-insurance is sufficient and adequate. In addition to maintaining its self-insurance, Facility Participating Provider shall assure that all health care professionals employed by or under contract with Facility Participating Provider to render Psychiatric Inpatient Services to Individuals procure and maintain adequate medical malpractice insurance unless they are covered by Facility Participating Provider’s self-insurance. Failure to maintain adequate self- insurance shall trigger the requirement to obtain and maintain Insurance under section 4.3.
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Self-Insurance Option. Tenant shall have the right to satisfy its insurance obligations under this Lease by means of self-insurance to the extent of all or part of the insurance required hereunder so long as (a) such self-insurance is permitted under all laws applicable to Tenant and/or the Property at the time in question, and (b) Tenant maintains a tangible net worth (as shown by its audited financial statements prepared in accordance with generally accepted accounting principles) of not less than Two Hundred Fifty Million Dollars 7155 Lindell Road ▇▇▇ Vegas, Nevada Nevada Power Company
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Self-Insurance Option. Tenant may elect at any time during the term of this Lease not to carry liability and property damage insurance required above and to "self insure" against such risks provided that (i) Tenant has in effect a program of "self insurance" against such risks, (ii) Tenant has and maintains a not worth of at lease ONE HUNDRED MILLION DOLLARS ($100,000,000.00) as evidenced by documentation reasonably satisfactory to Landlord, and (iii) the failure to carry such Insurance does not violate any law, statute, code, act, ordinance, order, judgment, decree, injunction, rule, regulation, permit, license, authorization or other requirement which is issued by the government or governmental agency with jurisdiction over the Leased Premises which is applicable to Tenant in the conduct of its business. In the event Tenant elects to self insure, Tenant agrees to provide Landlord with written notice and evidence of such self insurance with coverage not less than that called out for in this Lease.
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Related to Self-Insurance Option

  • Coverage Options Eligible employees may select coverage under any one of the dental plans offered by the Employer, including health maintenance organization plans, the State Dental Plan, or other dental plans. Coverage offered through health maintenance organization plans is subject to change during the life of this Agreement upon action of the health maintenance organization and approval of the Employer after consultation with the Joint Labor/Management Committee on Health Plans. However, actuarial reductions in the level of HMO coverages effective during the term of this Agreement, including increases in copayments, require approval of the Joint Labor/Management Committee on Health Plans. Coverage offered through the State Dental Plan is determined by Section 7A2.

  • STATE DISABILITY INSURANCE (SDI) The Agency agrees to integrate SDI benefits with sick leave. The employee shall pay required premium costs which will be deducted from their paycheck and transmitted to the state by the Agency.

  • Optional Life and Disability Coverages In order for coverage to become effective, the employee must be in active payroll status and not using sick leave on the first day following approval by the insurance company. If it is an open enrollment period, coverage may be applied for but will not become effective until the first day of the employee's return to work.

  • Insurance Term The Consultant shall procure and maintain for the duration of this Agreement, insurance against claims for injuries to persons or damage to property which may arise from or in connection with the performance of the work hereunder by the Consultant, its agents, representatives, or employees.

  • Insurance and Condemnation Awards Unless and until the Discharge of Senior Obligations has occurred, the Designated Senior Representative and the Senior Secured Parties shall have the sole and exclusive right, subject to the rights of the Grantors under the Senior Debt Documents, (a) to be named as additional insured and loss payee under any insurance policies maintained from time to time by any Grantor, (b) to adjust settlement for any insurance policy covering the Shared Collateral in the event of any loss thereunder and (c) to approve any award granted in any condemnation or similar proceeding affecting the Shared Collateral. Unless and until the Discharge of Senior Obligations has occurred, all proceeds of any such policy and any such award, if in respect of the Shared Collateral, shall be paid (i) first, prior to the occurrence of the Discharge of Senior Obligations, to the Designated Senior Representative for the benefit of Senior Secured Parties pursuant to the terms of the Senior Debt Documents, (ii) second, after the occurrence of the Discharge of Senior Obligations, to the Designated Second Priority Representative for the benefit of the Second Priority Debt Parties pursuant to the terms of the applicable Second Priority Debt Documents and (iii) third, if no Second Priority Debt Obligations are outstanding, to the owner of the subject property, such other Person as may be entitled thereto or as a court of competent jurisdiction may otherwise direct. If any Second Priority Representative or any Second Priority Debt Party shall, at any time, receive any proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over to the Designated Senior Representative in accordance with the terms of Section 4.02.