UNIQUE CHARACTERISTICS OF INSURANCE CONTRACTS Sample Clauses

UNIQUE CHARACTERISTICS OF INSURANCE CONTRACTS a. Conditional An insurance contract is conditional upon the insured paying the required premiums and furnishing proof of loss to the insurer when a claim is filed. The contract is also conditional upon the insurer paying benefits for covered losses. In addition, the contract is conditional on certain events occurring before the contract can be fully executed. For example, the insured cannot collect under his or her health insurance policy until he or she suffers a loss covered by the policy. In that case, the insured must notify the insurer and follow the proper claims procedures.
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Related to UNIQUE CHARACTERISTICS OF INSURANCE CONTRACTS

  • Types of Insurance The types and amounts of insurance required to be maintained under this Article are as follows:

  • Limits of Insurance A. CLIENT shall provide evidence of General Liability insurance or Tenants Liability Insurance (TULIP at xxxxx://xxxxx.xxxxxx.xxx/ ) of an amount of not less than $1 million per occurrence. If the use of facilities includes physical activities, such as sports camps, the General Liability limit shall be $2 million per occurrence with no athletics activities exclusion.

  • Other Insurance Requirements (a) Thirty (30) days’ advance written notice shall be provided to the City of cancellation, intended non-renewal, or reduction in coverages, except for non-payment for which no less than ten (10) days’ notice shall be provided to City. Notices shall be sent to the City address set forth in Section 11.1 entitled “Notices to the Parties.”

  • Minimum Amounts of Insurance The Contractor shall maintain the following insurance limits:

  • Proof of Compliance with Workers’ Compensation Coverage Requirements An XXXXX form is NOT acceptable proof of workers’ compensation coverage. In order to provide proof of compliance with the requirements of the Workers’ Compensation Law pertaining to workers’ compensation coverage, a contractor shall:

  • Subcontractor Insurance Requirements Consultant shall require each of its subcontractors that perform Services under this Agreement to maintain insurance coverage that meets all of the requirements of this Section.

  • Contractor Insurance Requirements When performing Work on property in the care, custody, or control of the Judicial Council, the Contractor shall maintain all commercial general liability insurance, workers’ compensation insurance, and any other insurance the Judicial Council deems appropriate under the Agreement. Upon request from the Judicial Council, the Contractor shall furnish an insurance certificate evidencing required insurance coverage acceptable to the Judicial Council. The Contractor may also be required to have the Judicial Council shown as an additional insured on selected policies.

  • Minimum Limits of Insurance GRANTEE shall maintain limits no less than:

  • Additional Insurance Requirements The policies shall include, or be endorsed to include, the following provisions:

  • Certificates of Insurance Prior to commencing under this Contract, Supplier must furnish to Sourcewell a certificate of insurance, as evidence of the insurance required under this Contract. Prior to expiration of the policy(ies), renewal certificates must be mailed to Sourcewell, 000 00xx Xxxxxx Xxxxxxxxx, X.X. Box 219, Staples, MN 56479 or sent to the Sourcewell Supplier Development Administrator assigned to this Contract. The certificates must be signed by a person authorized by the insurer(s) to bind coverage on their behalf. Failure to request certificates of insurance by Sourcewell, or failure of Supplier to provide certificates of insurance, in no way limits or relieves Supplier of its duties and responsibilities in this Contract.

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