Common use of Policy Coverage Clause in Contracts

Policy Coverage. If the Insured Entity is an agency and is requesting new policy coverage, the Insured Entity shall only request the Department to procure insurance for insurance coverages available pursuant to Rule 60A-1.015, Florida Administrative Code (F.A.C.). Insured Entity shall request the Department procure a new policy via email which shall include evidence of a DFS determination that this coverage is not provided for by the SRMTF. If approved for procurement, the Department will conduct the solicitation in accordance with applicable laws and rules. Once new policy coverage has been secured, the SPIP coordinator and Insured Entity will conform to the obligations set forth in this Agreement. If the Insured Entity is an agency or an eligible user permitted to obtain insurance pursuant to Rule 60A-1.015, F.A.C., wishing to be added to an existing SPIP insurance policy, the Insured Entity shall contact the SPIP coordinator and provide all requested data associated with the applicable policy. The SPIP coordinator will provide the Insured Entity’s information to the agent of record representing the insurance carrier (Broker) to confirm eligibility and acceptance on the policy. If the Broker accepts the addition of the Insured Entity for coverage under the existing insurance policy, the SPIP coordinator will provide notice to the Insured Entity and work with the Broker to update all policy documents. Once updated, the SPIP coordinator and Insured Entity will conform to the obligations set forth in this Agreement.

Policy Coverage. i. If the Insured Entity is an agency and is requesting new policy coverage, the Insured Entity shall only request the Department to procure insurance for insurance coverages available pursuant to Rule 60A-1.015, Florida Administrative Code (F.A.C.). . a. Insured Entity shall request the Department procure a new policy via email which shall include evidence of a DFS determination that this coverage is not provided for by the SRMTF. . b. If approved for procurement, the Department will conduct the solicitation in accordance with applicable laws and rules. . c. Once new policy coverage has been secured, the SPIP coordinator and Insured Entity will conform to the obligations set forth in this Agreement. ii. If the Insured Entity is an agency or an eligible user permitted to obtain insurance pursuant to Rule 60A-1.015, F.A.C., wishing to be added to an existing SPIP insurance policy, the Insured Entity shall contact the SPIP coordinator and provide all requested data associated with the applicable policy. . a. The SPIP coordinator will provide the Insured Entity’s information to the agent of record representing the insurance carrier (Broker) to confirm eligibility and acceptance on the policy. . b. If the Broker accepts the addition of the Insured Entity for coverage under the existing insurance policy, the SPIP coordinator will provide notice to the Insured Entity and work with the Broker to update all policy documents. Once updated, the SPIP coordinator and Insured Entity will conform to the obligations set forth in this Agreement.