Common use of Industry Ratings Clause in Contracts

Industry Ratings. The City will only accept coverage from an insurance carrier who offers proof that it: a) Is licensed to do business in the State of Kansas; b) Carries a Best's policyholder rating of B+ or better; and c) Carries at least a Class X financial rating.

Appears in 5 contracts

Sources: Architectural Services Agreement, Architectural Services Agreement, Architectural Services Agreement

Industry Ratings. The City will only accept coverage from an insurance carrier who offers proof that it: a) Is licensed to do business in the State of Kansas; b) Carries a Best's policyholder rating of B+ or better; and c) Carries at least a Class X financial rating. Is a company mutually agreed upon by the City and Consultant.

Appears in 1 contract

Sources: Consultant Services Agreement

Industry Ratings. The City will only accept coverage from an insurance carrier who offers proof that it: a) Is licensed to do business in the State of Kansas; b) Carries a Best's ’s policyholder rating of B+ or better; and c) Carries at least a Class X financial rating. Is a company mutually agreed upon by the City and Golf Course Designer.

Appears in 1 contract

Sources: Golf Course Design Services Agreement

Industry Ratings. The City will only accept coverage from an insurance carrier who offers proof that it: a1) Is licensed to do business in the State of Kansas; b2) Carries a Best's policyholder rating of B+ A or better; and c3) Carries at least a Class X financial rating, or Is a company mutually agreed upon by the City and Consultant. Certification of insurance coverage in items (1) and (2) above shall be on one of the City's Standard Certificate of Insurance forms. Certification of professional liability insurance shall be provided on a separate form provided by the Consultant's insurance carrier.

Appears in 1 contract

Sources: Consultant Agreement