Common use of Standard of Insurance Policy Clause in Contracts

Standard of Insurance Policy. All insurance policies required to be procured under this Agreement shall (i) comport with the State of Nevada Department of Administration requirements, (ii) be of a level that is no less than that which is customarily required for Comparable NFL Facilities, and (iii) be effected under valid policies issued by insurers which have an Xxxxxx X. Best Company, Inc. rating of “A-” or better and a financial size category of not less than “X” (or, if Xxxxxx X. Best Company, Inc. no longer uses such rating system, then the equivalent or most similar ratings under the rating system then in effect, or if Xxxxxx X. Best Company, Inc. is no longer the most widely accepted rater of the financial stability of insurance companies providing coverage such as that required by this Agreement, then the equivalent or most similar rating under the rating system then in effect of the most widely accepted rater of the financial stability of such insurance companies at the time); provided, that StadCo may utilize insurers with lower Xxxxxx X. Best Company, Inc. ratings with the prior written Approval of the Authority.

Standard of Insurance Policy. All insurance policies required to be procured under this Agreement shall (i) comport with the State of Nevada Department of Administration requirements, (ii) be of a level that is no less than that which is customarily required for Comparable NFL MLB Facilities, and (iii) be effected under valid policies issued by insurers which have an Xxxxxx X. Best Company, Inc. rating of “A-” or better and a financial size category of not less than “X” (or, if Xxxxxx X. Best Company, Inc. no longer uses such rating system, then the equivalent or most similar ratings under the rating system then in effect, or if Xxxxxx X. Best Company, Inc. is no longer the most widely accepted rater of the financial stability of insurance companies providing coverage such as that required by this Agreement, then the equivalent or most similar rating under the rating system then in effect of the most widely accepted rater of the financial stability of such insurance companies at the time); provided, that StadCo may utilize insurers an insurer with lower Xxxxxx X. Best Company, Inc. ratings either (1) if such insurer is permitted by MLB to issue policies to Major League Clubs as part of any MLB league-wide insurance program and StadCo is participating in such program or (2) with the prior written Approval of the Authority.

Standard of Insurance Policy. All insurance policies required to be procured under this Agreement shall (i) comport with the State of Nevada Department of Administration requirements, (ii) be of a level that is no less than that which is customarily required for Comparable NFL Facilities, and (iii) be effected under valid policies issued by insurers which have an Xxxxxx X. Best Xxxx Company, Inc. rating of “A-” or better and a financial size category of not less than “X” (or, if Xxxxxx X. Best Xxxx Company, Inc. no longer uses such rating system, then the equivalent or most similar ratings under the rating system then in effect, or if Xxxxxx X. Best Company, Inc. is no longer the most widely accepted rater of the financial stability of insurance companies providing coverage such as that required by this Agreement, then the equivalent or most similar rating under the rating system then in effect of the most widely accepted rater of the financial stability of such insurance companies at the time); provided, that StadCo may utilize insurers with lower Xxxxxx X. Best Company, Inc. ratings with the prior written Approval of the Authority.

Standard of Insurance Policy. All insurance policies required to be procured under this Agreement shall (i) comport with the State of Nevada Department of Administration requirements, (ii) be of a level that is no less than that which is customarily required for Comparable NFL Facilities, and (iii) be effected under valid policies issued by insurers which have an Xxxxxx X. Best Company, Inc. rating of “A-” or better and a financial size category of not less than “X” (or, if Xxxxxx X. Best Company, Inc. no longer uses such rating system, then the equivalent or most similar ratings under the rating system then in effect, or if Xxxxxx X. Best Company, Inc. is no longer the most widely accepted rater of the financial stability of insurance companies providing coverage such as that required by this Agreement, then the equivalent or most similar rating under the rating system then in effect of the most widely accepted rater of the financial stability of such insurance companies at the time); provided, that StadCo may utilize insurers with lower Xxxxxx X. Best Xxxx Company, Inc. ratings with the prior written Approval of the Authority.

Standard of Insurance Policy. All insurance policies required to be procured under this Agreement shall (i) comport with the State of Nevada Department of Administration requirements, (ii) be of a level that is no less than that which is customarily required for Comparable NFL MLB Facilities, and (iii) be effected under valid policies issued by insurers which have an Xxxxxx X. Best Company, Inc. rating of “A-” or better and a financial size category of not less than “X” (or, if Xxxxxx X. Best Company, Inc. no longer uses such rating system, then the equivalent or most similar ratings under the rating system then in effect, or if Xxxxxx X. Best Company, Inc. is no longer the most widely accepted rater of the financial stability of insurance companies providing coverage such as that required by this Agreement, then the equivalent or most similar rating under the rating system then in effect of the most widely accepted rater of the financial stability of such insurance companies at the time); provided, that StadCo may utilize insurers with lower Xxxxxx X. Best Company, Inc. ratings with the prior written Approval of the Authority.