Common use of Standards for Insurers Clause in Contracts

Standards for Insurers. Required Insurance must be placed with licensed insurers admitted to transact business in the State of California with a current A.M. Best’s rating of A V or better, or, if insurance is placed with a surplus lines insurer, insurer must be listed on the State of California List of Eligible Surplus Lines Insurers (XXXXX) with a current A.M. Best’s rating of no less than A X. For Workers’ Compensation Insurance, insurance issued by the State Compensation Fund is also acceptable.

Appears in 173 contracts

Samples: Chula Vista Consultant Services Agreement, Master Services and Hosting Agreement, Chula Vista Consultant Services Agreement

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Standards for Insurers. Required Insurance must be placed with licensed insurers admitted to transact business in the State of California with a current A.M. Best’s rating of A V or better, or, if insurance is placed with a surplus lines insurer, insurer must be listed on the State of California List of Eligible Surplus Lines Insurers (XXXXX) with a current A.M. Best’s rating of no less than A X. For Workers’ Worker’s Compensation Insurance, insurance issued by the State Compensation Fund is also acceptable.

Appears in 3 contracts

Samples: Cooperative Purchasing Agreement, Cooperative Purchasing Agreement, Cooperative Purchasing Agreement

Standards for Insurers. Required Insurance must be placed with licensed insurers admitted to transact business in the State of California with a current A.M. Best’s rating of A V or better, or, if insurance is placed with a surplus lines insurer, insurer must be listed on the State of California List of Eligible Surplus Lines Insurers (XXXXX) with a current A.M. Best’s rating of no less than A X. A-VII. For Workers’ Compensation Insurance, insurance issued by the State Compensation Fund is also acceptable.

Appears in 2 contracts

Samples: Chula Vista Consultant Services Agreement, Chula Vista Consultant Services Agreement

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Standards for Insurers. Required Insurance must be placed with licensed insurers admitted to transact transacting business in the State of California with a current A.M. Best’s rating of A V or better, or, if insurance is placed with a surplus lines insurer, insurer must be listed on the State of California List of Eligible Surplus Lines Insurers (XXXXX) with a current A.M. Best’s rating of no less than A X. For Workers’ Compensation Insurance, insurance issued by the State Compensation Fund is also acceptable.

Appears in 1 contract

Samples: Provide Property Management Services

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