Common use of Premiums, Deductibles and Self-Insured Retentions Clause in Contracts

Premiums, Deductibles and Self-Insured Retentions. DB Contractor shall timely pay the premiums for all insurance policies required under this Capital Maintenance Contract. Subject to Section 4.3 of the CMA and Section 4.5, TxDOT shall have no liability for any deductibles, self-insured retentions and amounts in excess of the coverage provided. In the event that any required coverage is provided under a self-insured retention, the entity responsible for the self-insured retention shall have an authorized representative issue a letter to TxDOT, at the same time the insurance policy is to be procured, stating that it shall protect and defend TxDOT to the same extent as if a commercial insurer provided coverage for TxDOT.

Premiums, Deductibles and Self-Insured Retentions. DB Contractor shall timely pay the premiums for all insurance policies required under this Capital Maintenance ContractCMA. Subject to Section 4.3 of the CMA and Section 4.510, TxDOT shall have no liability for any deductibles, self-insured retentions and amounts in excess of the coverage provided. In the event that any required coverage is provided under a self-insured retention, the entity responsible for the self-insured retention shall have an authorized representative issue a letter to TxDOT, at the same time the insurance policy is to be procured, stating that it shall protect and defend TxDOT to the same extent as if a commercial insurer provided coverage for TxDOT.