Xxxxxxxxx Requirements. 37.1The Supplier shall effect and maintain with a reputable insurance company a policy or policies of insurance providing an adequate level of cover in respect of all risks which may be incurred by the Supplier, arising out of its performance of its obligations under this Agreement, including death or personal injury, loss of or damage to property or any other loss. Such policies shall include cover in respect of any financial loss arising from any advice given or omitted to be given by the Supplier. Such insurance shall be maintained for the duration of the Term and for a minimum of six (6) years following the expiration or earlier termination of this Agreement.
Xxxxxxxxx Requirements. Altia and the Customer must ensure that each insurance policy required to be taken out by it, under the Agreement: contains on an annual basis a minimum cover of not less than £5,000,000 (five million GBP) or the equivalent in the Customer(s) local currency; and Complies with the Laws of the relevant jurisdictions in which the Customer accesses or uses the Altia Service(s).
Xxxxxxxxx Requirements. 0.00.0.Xxxxxxxxx Viability
Xxxxxxxxx Requirements. The Provider shall obtain, at its sole expense, all insurance required in the following paragraphs and shall not commence work until such insurance is in effect and certification thereof has been received by Wake County's Finance Office. Workers' Compensation Insurance, with limits for Coverage A Statutory- for State of North Carolina and Coverage B - Employers Liability $500,000 each accident/disease each employee/disease policy limit. Commercial General Liability - with limits no less than $1,000,000 per occurrence and $2,000,000 aggregate, including contractual liability assumed within the indemnity section of this agreement. Commercial Automobile Liability, with limits no less than $1,000,000 per occurrence for bodily injury and property damage for any vehicle used during performance of contract services, including coverage for owned, hired, and non-owned vehicles. Evidence of commercial automobile coverage is only necessary if vehicles are used in the provision of services under this Agreement. Professional Liability Insurance, applicable to any professional services provided under this Contract with limits of no less than $1,000,000 per claim and $2,000,000 aggregate. If any coverage is on a claims-made basis, Provider agrees to maintain a retroactive date prior to or equal to the effective date of this Agreement and to purchase and maintain Supplemental Extended Reporting Period or 'tail coverage' with a minimum reporting period of not less than three (3) years if the policy expires or is cancelled or non-renewed. If coverage is replaced, the new policy must include full prior acts coverage or a retroactive date to cover the effective dates of this Agreement. Provider shall provide a Certificate of Insurance annually to Wake County indicating any claims made coverage and respective retroactive date. The duty to provide extended coverage as set forth herein survives the effective dates of this Agreement. All insurance companies must be authorized to do business in North Carolina and have an AM Best rating of “A-/VII” or better; or have reasonable equivalent financial strength to the satisfaction of the County's Finance Office. Proof of rating shall be provided to the county upon request. Insurance with limits no less than those specified above shall be evidenced by a Certificate of Insurance issued by a duly authorized representative of the insurer. In the case of self-insurance, a letter of explanation must be provided to and approved by Wake County...
Xxxxxxxxx Requirements. 17.1 During the Term of this Agreement, SUPPLIER, shall at its own cost, obtain and keep in force for the benefit of SUPPLIER and SPIKA all insurance/and or bonds required by law and the following insurance with minimum limits as set forth below: (i) Worker’s Compensation and Employers Liability Insurance per statutory requirements; (ii) Commercial General Liability with minimum limits for Bodily Injury and Property Damage on an occurrence basis of: $1,000,000 per occurrence; $2,000,000 aggregate; (iii) Business Automobile Liability Insurance covering all vehicles used in connection with the work and covering Bodily Injury and Property Damage with a minimum limit equal to: $1,000,000 per accident.
Xxxxxxxxx Requirements. C4K shall not commence work under this Agreement until C4K has obtained the insurance required as set forth in the attached “Insurance Requirements” form for the work of this Agreement and satisfactory proof of such insurance has been submitted to and approved by the DISTRICT. Except for workers’ compensation insurance, the policy shall not be amended or modified and the coverage amounts shall not be reduced without the DISTRICT’S prior written consent and the DISTRICT, its Trustees, officers, agents, employees and students shall be named as an additional insured. The certificate of insurance shall indicate that the DISTRICT be provided thirty (30) days written notice prior to any cancellation or modification of the insurance so providedC4K shall procure and shall maintain during the life of this Agreement, Workers’ Compensation Insurance on all of C4K’S employees to be engaged in work pursuant to or related to this Agreement. In the case that any such work is sublet, the C4K shall require the sub- C4K /contractor to similarly provide Workers’ Compensation Insurance for all of the latter’s employees to be engaged in such work unless such employees are covered by the protection afforded by the C4K’S Worker’ Compensation Insurance.
Xxxxxxxxx Requirements. Financial Viability Consistent with Section 1903 (m) of the Social Security Act, and regulations found at 42 C.F.R. § 422.402, and 42 C.F.R. § 438.116, the CICO shall meet all state and federal financial soundness requirements. These include: The CICO must provide assurances that its provision against the risk of insolvency is adequate to ensure that its Enrollees will not be liable for the entity's debts, if the entity becomes insolvent. The CICO must produce adequate documentation satisfying SCDHHS that it has met its Solvency requirements. The CICO must also maintain reserves to remain solvent for a forty-five (45) day period, and provide satisfactory evidence to SCDHHS of such reserves. The CICO shall secure and maintain during the life of this Contract a blanket fidelity bond from a company doing business in the State of South Carolina on all personnel in its employment. The bond shall be issued in accordance with South Carolina Department of Insurance (SCDOI) requirements, per occurrence. Said bond shall protect SCDHHS from any losses sustained through any fraudulent or dishonest act or acts committed by any employees, agents, assigns, independent contractors, and anyone else acting on behalf of the CICO and First Tier, Downstream. or Related Entities. The CICO shall establish an insolvency protection account as required by the SCDOI and federal law. The CICO shall provide continuing proof of Solvency, in accordance with S.C. Code Xxx. § 00-00-000 (Supp. 2000, as amended) and 25A S.C. Code Xxx. Regs. §69-22 (Supp. 2000, as amended). The CICO shall submit proof of insolvency protection account approved by SCDOI prior to execution of this Contract and initial Enrollment. The CICO shall maintain the required amount of working capital pursuant to S.C. Code Xxx. §00-00-000, (Supp. 2000, as amended), and 25A S.C. Code Xxx. Regs. §69-22 (Supp. 2000, as amended), as amended and approved by SCDOI. The CICO shall maintain at all times surplus account reserves as required by the SCDOI and state law. In the event that the CICO's surplus falls below any applicable statutory requirements, SCDHHS shall prohibit the CICO from engaging in Enrollment activities, shall cease to process new Enrollments, and shall not renew this Contract until the required balance is achieved and certified by the SCDOI. Pursuant to Title 38, Chapter 12 of the South Carolina Code of Laws, securities appearing in Schedule D of the CICO'...
Xxxxxxxxx Requirements. The Recipient must take out and maintain at its own expense during the Term such insurance as a prudent and responsible entity would effect in respect of the conduct of its business and the Services.
Xxxxxxxxx Requirements. Prior to starting work, the Subcontractor at its own expense, shall procure and maintain in force, on all its operations, insurance in accordance with the clause listed below. The policies of insurance shall be in such form and shall be issued by such company or companies as may be satisfactory to Chemonics. Upon request from Chemonics, the Subcontractor shall furnish Chemonics with certificates of insurance from the insuring companies which shall specify the effective dates of the policies, the limits of liabilities there under, and contain a provision that the said insurance will not be canceled except upon thirty (30) days’ notice in writing to Chemonics. The Subcontractor shall not cancel any policies of insurance required hereunder either before or after completion of the work without written consent of Chemonics. Prior to starting work, the Subcontractor at its own expense, shall maintain in force, on all its operations, insurance as required herein. The Subcontractor shall maintain insurance to cover the following for the duration of the period of performance: Goods In Transit The Subcontractor shall maintain an insurance policy covering Goods in Transit (GIT) for full replacement value of commodities being transported for the duration of the activity. Upon request, the proof of insurance shall be submitted at award prior to commencement of the activity. The GIT shall meet the following requirements:
Xxxxxxxxx Requirements a.Consultant shall carry appropriate levels of insurance and shall provide written proof of such insurance to Rowan upon request. In the event that any administrative agency or court shall determine that, for its purposes, the relationship between Rowan and Consultant is one of employment as between the Parties, then Consultant shall bear all costs associated with that redetermination, whether in the nature of past or future taxes, fines, penalties, or other payments.
