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
It is acceptable to use a State-approved Workmen's Compensation Self-Insurance fund.
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 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 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 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.