Self-insurance definition

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 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.

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 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.
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 any arrangement under which a person provides for spreading its own risks by a systematic plan.
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.