Policy Providers Sample Clauses
The 'Policy Providers' clause defines which parties or entities are authorized to issue or underwrite insurance policies relevant to the agreement. Typically, this clause specifies requirements such as the provider's financial rating, licensing status, or approval by one or both parties, ensuring that only reputable and qualified insurers are used. Its core function is to guarantee that any insurance coverage required under the contract is reliable and meets agreed-upon standards, thereby reducing the risk of inadequate or invalid insurance protection.
Policy Providers. Each of the insurance coverages required below shall be issued by an insurer licensed by the Insurance Commissioner to transact the business of insurance in the State of Alabama for the applicable line of insurance, and such insurer must have a Best Policyholders Rating of "A-" or better and a financial size rating of Class VII or larger. The Designer may elect to participate in a group self-insured workers’ compensation program or to qualify with the State of Alabama Department of Industrial Relations as an individual self-insured employer, as long as the self-insurance program is in good standing with the Department of Industrial Relations and the Designer has excess workers’ compensation insurance to cover all statutory obligations above the amount they have been authorized to self-insure.
Policy Providers. Each of the insurance coverages required below shall be issued by an insurer licensed by the Insurance Commissioner to transact the business of insurance in the State of Alabama for the applicable line of insurance, and such insurer (or, for qualified self-insureds or group self-insureds, a specific excess insurer providing statutory limits) must have a Best Policyholders Rating of "A-" or better and a financial size rating of Class V or larger.
Policy Providers. The insurance coverage required herein shall be through policies issued by companies authorized to do business under the laws of the State of Alabama, and the Owner retains the right to disallow coverage from any insurer that does not maintain a rating from
Policy Providers. All insurance coverage shall be issued by an insurer licensed as an admitted insurer or authorized by the Alabama Commissioner of Insurance as a surplus lines insurer. The insurance company must have a minimum current A.M. Best’s rating of A-, Class V.
Policy Providers. Each of the insurance coverages required below shall be issued by an insurer licensed by the Insurance Commissioner to transact the business of insurance in the State of Alabama for the applicable line of insurance, and such insurer (or, for qualified self-insureds or group self-insureds, a specific excess insurer providing statutory limits) must have a Best Policyholders Rating of "A-" or better and a financial size rating of Class VII or larger. The Service Provider may elect to participate in a group self- insured workers’ compensation program or to qualify with the State of Alabama Department of Industrial Relations as an individual self-insured employer, as long as the self-insurance program is in good standing with the Department of Industrial Relations and the Service Provider has excess workers’ compensation insurance to cover all statutory obligations above the amount they have been authorized to self-insure.
Policy Providers. All insurance coverage shall be issued by an insurer licensed as an admitted insurer or authorized by the State of Georgia.