Qualified Insurer Sample Clauses

Qualified Insurer. The policy or policies of insurance must be issued by an insurer with a minimum rating of A- (Secure A.M. Best's Rating) and VIII (Financial Size Category as determined by the most current edition of the Best's Key Rating Guide/Property-Casualty/United States or ambest.com). It is preferred, but not mandatory, that the insurer be licensed to do business in the state of California (California Admitted Carrier). If the insurance carrier does not have an A.M. Best Rating of A-/VIII, the CEO/Office of Risk Management retains the right to approve or reject a carrier after a review of the company's performance and financial ratings. The policy or policies of insurance maintained by the Contractor shall provide the minimum limits and coverage as set forth below: Coverage Minimum Limits Commercial General Liability $1,000,000 per occurrence $2,000,000 aggregate Automobile Liability including coverage $1,000,000 per occurrence for owned, non-owned and hired vehicles Workers Compensation Statutory Employers Liability Insurance $1,000,000 per occurrence
Qualified Insurer. 9 1. The policy or policies of insurance must be issued by an insurer with a minimum rating of 10 A- (Secure A.M. Best's Rating) and VIII (Financial Size Category as determined by the most current 11 edition of the Best's Key Rating Guide/Property-Casualty/United States or ambest.com). It is preferred, 12 but not mandatory, that the insurer be licensed to do business in the state of California (California 13 Admitted Carrier).
Qualified Insurer. 1. The policy or policies of insurance must be issued by an insurer with a minimum rating of A- (Secure A.M. Best's Rating) and VIII (Financial Size Category as determined by the most current edition of the Best's Key Rating Guide/Property-Casualty/United States or ambest.com). It is preferred, but not mandatory, that the insurer be licensed to do business in the state of California (California Admitted Carrier). If the insurance carrier does not have an A.M. Best Rating of A-/VIII, the CEO/Office of Risk Management retains the right to approve or reject a carrier after a review of the company's performance and financial ratings.
Qualified Insurer. An insurance company duly qualified as such under the laws of the states in which the Mortgaged Properties are located, duly authorized and licensed in such states to transact the applicable insurance business and to write the insurance provided by the insurance policy issued by it, approved as an insurer by Fannie Mae and Freddie Mac.
Qualified Insurer. 21 1. The policy or policies of insurance must be issued by an insurer with a minimum rating of 23 edition of the Best's Key Rating Guide/Property-Casualty/United States or ambest.com). It is preferred, 24 but not mandatory, that the insurer be licensed to do business in the state of California (California 25 Admitted Carrier).