Errors & Omissions Coverage. Each party shall maintain in full force and effect errors and omissions insurance coverage in the minimum amount of One Mil-lion dollars ($1,000,000.00) per claim; provided by an insurer rated no less than “A-“ by A.M. Best Company during the term of this Agreement and thereafter while the parties have any obligations hereunder. Producer shall notify ▇▇▇▇▇▇-▇▇▇▇▇▇▇ imme-diately of any changes to its errors and omissions coverage, including but not limited to expiration, renewal, limit changes, and insurance company rating changes. Upon renewal, Producer shall send to ▇▇▇▇▇▇-▇▇▇▇▇▇▇ a copy of its current declaration pages indicating insurance company name, named insured(s), and policy coverage, and policy limits. ▇▇▇▇▇▇-▇▇▇▇▇▇▇, at its sole discretion, may request and require Producer maintain higher minimum limits of errors and omission insurance coverage.
Appears in 4 contracts
Sources: Marketing Agreement, Marketing Agreement, Marketing Agreement