Qualified Insurers. Each of the insurance policies required hereunder shall be procured from an insurance carrier or company that, at the time coverage under the applicable policy commences is: (a) authorized to do business in the State and has a current policyholder’s management and financial size category rating of not less that “A –, VII” according to A.M. Best’s Insurance Reports Key Rating Guide; or
Appears in 4 contracts
Samples: Capital Maintenance Agreement, Capital Maintenance Agreement, Capital Maintenance Agreement
Qualified Insurers. Each of the insurance policies required hereunder shall be procured from an insurance carrier or company that, at the time coverage under the applicable policy commences is: commences, is (a) authorized to do business in the State and has a current policyholder’s management and financial size category rating of not less that “A –, VII” according to A.M. Best’s Insurance Reports Key Rating Guide; orGuide or (b) otherwise approved in writing by TxDOT.
Appears in 4 contracts
Samples: Disputes Board Agreement, Capital Maintenance Agreement, Capital Maintenance Agreement
Qualified Insurers. Each of the insurance policies required hereunder shall be procured from an insurance carrier or company that, at the time coverage under the applicable policy commences is: (a) authorized to do business in the State and has a current policyholder’s management and financial size category rating of not less that “A –, VII” according to A.M. Best’s Insurance Reports Key Rating Guide; oror (b) otherwise approved in writing by TxDOT.
Appears in 3 contracts
Samples: Capital Maintenance Agreement, Capital Maintenance Agreement, Comprehensive Maintenance Agreement