Principal Insured Risk definition

Principal Insured Risk means a risk that would be insured against by policies for the insurance referred to in any of Sections 2 and 3 of Schedule 5 [Insurance Requirements];
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Principal Insured Risk means a risk normally insured against by policies for the insurance referred to in any of Sections 2.1(a), (b) and (c) and Section 3.1(a) of Schedule 15 [Insurance Requirements], but excludes earthquake, delay in start up, extra expense, business interruption, loss of income and loss of profits insurance.
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Examples of Principal Insured Risk in a sentence

  • Each party will, forthwith upon Having Knowledge, notify the other if a Principal Insured Risk becomes or is expected to become Uninsurable.

  • Each Party will, forthwith upon Having Knowledge, notify the other if a Principal Insured Risk becomes or is expected to become Uninsurable.

  • Operations Co, together with its insurance advisor, will participate in any meetings of the Authority, Project Co and their respective insurance advisors to discuss the means by which a Principal Insured Risk should be managed pursuant to Section 6.9 of the Project Agreement (including considering the feasibility of self-insurance by any or all of the Authority, Project Co and Operations Co).

  • The Province may notify the Concessionaire, and the Concessionaire shall forthwith notify the Province, if a Principal Insured Risk becomes or is expected to become Uninsurable.

  • Each party will, forthwith upon Having Knowledge, notify the other if a Principal Insured Risk becomes or is expected to become Uninsurable and Project Co will so advise the Authority.

Related to Principal Insured Risk

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Insured Risks means fire lightning explosion earthquake storm tempest flood subsidence landslip heave impact terrorism bursting or overflowing of water tanks and pipes earthquake damage by aircraft and other aerial devices or articles dropped there from riot and civil commotion labour disturbance and malicious damage and such other risks as the Academy Trust insures against from time to time subject in all cases to any exclusions or limitations as may from time to time be imposed by the insurers or underwriters;

  • Additional Insured is defined in Section D of Annex D to the Lease.

  • Additional Insureds has the meaning specified in Section 7.06(a) of the Indenture.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Industrial insured means an insured:

  • Insureds Premises Not An "Insured Location" a. Owned by an "insured"; b. Rented to an "insured"; or c. Rented to others by an "insured"; that is not an "insured location";

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Dental Insurance The District shall contribute $175.00 annually toward the cost of dental insurance whether for single or family coverage for full status employees who qualify for and enroll in the plan. The cost of the premium not contributed by the District for family coverage shall be borne by the employee through payroll deduction. This coverage shall continue for the duration of this contract.

  • general insurance business means any class of insurance business other than long-term insurance business;

  • Blanket travel insurance means a policy of travel insurance issued to any eligible group providing coverage for specific classes of persons defined in the policy with coverage provided to all members of the eligible group without a separate charge to individual members of the eligible group.

  • All Risk property insurance on a full replacement cost basis insuring CLEC’s property situated on or within any CenturyLink Premises. CLEC may elect to insure business interruption and contingent business interruption, as it is agreed that CenturyLink has no liability for loss of profit or revenues should an interruption of service occur.

  • Insured Persons means the person/s named in the Schedule to the Policy, who is/are Indian Resident /s and for whom the insurance is also proposed and appropriate premium paid.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • First party insurance means an insurance policy or contract in which the insurer

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • Insured Property means the vessel, including the power units, accessories and equipment. “Parasailing” means using your vessel to tow a person in a device designed for flight. “Waterskiing” means using your vessel to tow a person on water skis or flotation devices.

  • Policy means Related Party Transaction Policy.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Collateral Insurance shall have the meaning set forth in Section 4.4(a).

  • Named Insured means the person or organization named in Item 1 of the Declarations.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Self-insured retention means the individual own risk employer's or group self-insurance association's retained amount of risk under a specific excess insurance policy, before the liability is transferred to an insurance carrier.

  • Approved Insurer Each insurance policy shall be issued by insurance companies authorized to do business in the State of Nevada or eligible surplus lines insurers under federal and Nevada law and having agents in Nevada upon whom service of process may be made, and currently rated by A.M. Best as “A-VII” or better.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts: