Self-insurance means the licence holder's financial capacity to meet any liability to a third party in respect of which the licence holder does not otherwise have insurance.
Self-insurance means the Licensee's financial capacity to meet any liability to a third party in respect of which the Licensee does not otherwise have insurance.
Self-insurance means a formal program of advance funding and management of entity financial exposure to a risk of loss that is not transferred through the purchase of an insurance policy or contract.
Examples of Self-insurance in a sentence
WSU and its officers, employees, agents, and registered volunteers, while acting in good faith within the scope of their official WSU duties, are covered by the State of Washington Self-Insurance Liability Program (RCW 43.19.766 et seq.) and the Tort Claims Act (RCW 4.92.060 et seq.).
The parties acknowledge that the extent of the liability WSU contractually assumes is limited to those risks for which WSU is covered by the State of Washington Self-Insurance Liability Program and the Tort Claims Act.
More Definitions of Self-insurance
Self-insurance means the SNRP holder's financial capacity to meet any liability to a third party in respect of which the SNRP holder does not otherwise have insurance.
Self-insurance means any arrangement under which a person provides for spreading its own risks by a systematic plan.
Self-insurance means the assumption or retention of the risk of loss by the contractor, whether voluntarily or involun- tarily. Self-insurance includes the deductible portion of pur- chased insurance.
Self-insurance means a formal program of advance funding and
Self-insurance has the meaning specified in Section 6.07(a).
Self-insurance means an arrangement under which a person provides for spreading its own risks by a systematic plan.
Self-insurance means deductibles, retrospective premiums, self-insured retentions or other forms of self-insurance, including related fees and expenses.