Miscellaneous Insurance Provisions. A. The Recipient will place insurance with insurers licensed to do business in the State of Washington and having A.M. Best Company ratings of no less than A- VII, with the exception that excess and umbrella coverage used to meet the requirements for limits of liability or gaps in coverage need not be placed with insurers or re-insurers licensed in the State of Washington.
Appears in 5 contracts
Samples: Affordable Housing Program Grant Agreement, Affordable Housing Program Grant Agreement, Housing Program Grant Agreement
Miscellaneous Insurance Provisions. A. The Recipient will place insurance with insurers licensed to do business in the State of Washington and having A.M. Best Company ratings of no less than A- A-VII, with the exception that excess and umbrella coverage used to meet the requirements for limits of liability or gaps in coverage need not be placed with insurers or re-insurers licensed in the State of Washington. It is agreed that such pooled coverage as listed above shall be acceptable to fulfill the Professional Liability and Commercial Liability insurance requirements of this agreement.
Appears in 2 contracts
Samples: Housing Program Grant Agreement, Housing Program Grant Agreement
