Common use of Insurance Carrier Required Rating Clause in Contracts

Insurance Carrier Required Rating. All insurance companies must carry a rating acceptable to the Office of Risk and Insurance Management – A or better and financial size category of VII or better to the latest edition of the A.M. Best Key Rating Guide. If the Contractor is self- insured for a portion or all of its insurance, review of financial information including a letter of credit may be required.

Insurance Carrier Required Rating. All insurance companies must carry a rating acceptable to the Office of Risk and Insurance Management – A or better and financial size category of VII or better to the latest edition of the A.M. Best Key Rating Guide. If the Contractor is self- self-insured for a portion or all of its insurance, review of financial information including a letter of credit may be required.

Insurance Carrier Required Rating. All insurance companies must carry a rating acceptable to the Office of Risk and Insurance Management – A Management. “A” or better and a financial size category of VII “VII” or better to the latest edition of the A.M. Best Key Rating Guide. Any other rating classification requires State approval. If the Contractor is self- self insured for a portion or all of its insurance, review of financial information including a letter of credit may be required.

Insurance Carrier Required Rating. All insurance companies must carry a rating acceptable to the Office of Risk and Insurance Management – A Management. “A” or better and a financial size category of VII “VII” or better to the latest edition of the A.M. Best Key Rating Guide. Any other rating classification requires State approval. If the Contractor is self- self-insured for a portion or all of its insurance, review of financial information including a letter of credit may be required.