Common use of Insurers Clause in Contracts

Insurers. All insurance required hereunder shall be procured from insurers that at the time coverage commences have a current policyholder’s management and financial size category rating of not less than “A-X” according to A.M. Best’s Financial Strength Rating and Financial Size Category (or an equivalent rating issued by Standard and Poor's), except as approved in writing by the Authority in its reasonable discretion.

Insurers. All insurance required hereunder shall be procured from insurers that at the time coverage commences have a current policyholder’s management financial strength and financial size category rating of not less than “A-XA-/VIII” according to A.M. Best’s Financial Strength Insurance Reports Key Rating and Financial Size Category Guide (or an equivalent rating issued by Standard and Poor's’s), except as approved in writing by the Authority Department in its reasonable discretion.

Insurers. All insurance required hereunder shall be procured from insurers that at the time coverage commences have a current policyholder’s management financial strength and financial size category rating of not less than “A-X” "A-/VIII" according to A.M. Best’s Financial Strength Insurance Reports Key Rating and Financial Size Category Guide (or an equivalent rating issued by Standard and Poor's’s), except as approved in writing by the Authority Department in its reasonable discretion. All Insurance Policies shall be issued by insurers authorized to do business in the Commonwealth.