Substandard Policies Sample Clauses

The SUBSTANDARD POLICIES clause defines how insurance policies that do not meet standard underwriting criteria are handled. Typically, this clause allows the insurer to issue coverage with modified terms, such as higher premiums, exclusions, or reduced benefits, to reflect the increased risk associated with the insured party. Its core function is to provide a framework for offering insurance to higher-risk individuals or entities while protecting the insurer from undue exposure, thereby ensuring that coverage can still be extended in non-standard situations but under adjusted conditions.
Substandard Policies 
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Related to Substandard Policies

  • BOARD POLICIES The Borrower shall not modify the terms of any policy or resolutions of its board of directors if such modification could reasonably be expected to have or result in a Material Adverse Effect.

  • Umbrella Policies Contractor may satisfy basic coverage limits through any combination of basic coverage and umbrella insurance.

  • STANDARD PRACTICES 47.1 Standard Practices may incorporate by reference various industry, OBF, and other standards referred to throughout this Agreement, which may be implemented to satisfy any CenturyLink obligations under this Agreement. 47.2 If CLEC desires notice of changes made to CenturyLink’s Standard Practices, CLEC may make such a request during the Agreement implementation process or at any subsequent time during the term of this Agreement.

  • Other Policies All other matters relating to the employment of the Employee not specifically addressed in this Agreement shall be subject to the general policies regarding executive employees of the Company as in effect from time to time.

  • Policies and Practices The employment relationship between the Parties shall be governed by this Agreement and the policies and practices established by the Company and the Board of Directors (hereinafter referred to as the “Board”). In the event that the terms of this Agreement differ from or are in conflict with the Company’s policies or practices or the Company’s Employee Handbook, this Agreement shall control.