Common use of Coverage Report Clause in Contracts

Coverage Report. Before the first thirty (30) Calendar Days of each Concession Year and during the term thereof, the CONCESSIONAIRE will submit the following to OSITRAN: a) A list of insurance policies to be hired and/or maintained by the CONCESSIONAIRE during the year in question, indicating at least the coverage, the insurance company, the claims made in the previous year and its current situation, and b) A certificate issued by the authorized representative of the insurance company indicating that the CONCESSIONAIRE has met the terms of this Clause over the past year. c) A list of all property acquired or built and culminated works that form part of the Concession Assets and which must be included in insurance policies to be renewed annually.