Common use of Qualifying Insurers Clause in Contracts

Qualifying Insurers. The Administrator shall obtain the coverages specified in Sections 8.01 and 8.02 hereof from insurers having an A.M. Best Company rating of at least A-, a Standard & Poor's Corporation insurer financial strength rating of at least BBB+, and/or a Xxxxx'x Investors Services, Inc. claims-paying ability rating of at least BAAl. In the event that the ratings of an insurer which has issued one or more of the coverages specified in Sections 8.01 and 8.02 are downgraded so that such insurer would no longer qualify to issue such coverage under the provisions of the preceding sentence, the Administrator shall promptly obtain replacement coverage from another insurer that so qualifies.

Qualifying Insurers. The Administrator shall obtain the coverages specified in Sections 8.01 and 8.02 hereof from insurers having an A.M. Best Company rating of at least A-, a Standard & Poor's Corporation insurer financial strength rating of at least BBB+, BBB+ and/or a Xxxxx'x Investors Services, Inc. claims-paying ability rating of at least BAAlBaal. In the event that the ratings of an insurer which has issued one or more of the coverages specified in Sections 8.01 and 8.02 are downgraded so that such insurer would no longer qualify to issue such coverage under the provisions of the preceding sentence, the Administrator shall promptly obtain replacement coverage from another insurer that so qualifies.

Qualifying Insurers. The Administrator shall obtain the coverages specified in Sections 8.01 7.01 and 8.02 7.02 hereof from insurers having an A.M. Best Company rating of at least A-, a Standard & Poor's ’s Corporation insurer financial strength rating of at least BBB+, BBB+ and/or a Xxxxx'x Mxxxx’x Investors Services, Inc. claims-paying ability rating of at least BAAlBaa1. In the event that the ratings of an insurer which has issued one or more of the coverages specified in Sections 8.01 7.01 and 8.02 7.02 are downgraded so that such insurer would no longer qualify to issue such coverage under the provisions of the preceding sentence, the Administrator shall promptly obtain replacement coverage from another insurer that so qualifies.

Qualifying Insurers. The Administrator shall obtain the coverages specified in Sections 8.01 and 8.02 hereof from insurers having an A.M. Best Company rating of at least A-, a Standard & Poor's Corporation insurer financial strength rating of at least BBB+, BBB+ and/or a Xxxxx'x Investors Services, Inc. claims-paying ability rating of at least BAAlBaa1. In the event that the ratings of an insurer which has issued one or more of the coverages specified in Sections 8.01 and 8.02 are downgraded so that such insurer would no longer qualify to issue such coverage under the provisions of the preceding sentence, the Administrator shall promptly obtain replacement coverage from another insurer that so qualifies.

Qualifying Insurers. The Administrator shall obtain the coverages specified in Sections 8.01 7.01 and 8.02 7.02 hereof from insurers having an A.M. Best Company rating of at least A-, a Standard & Poor's Corporation insurer financial strength rating of at least BBB+, BBB+ and/or a Xxxxx'x Investors Services, Inc. claims-paying ability rating of at least BAAlBaa1. In the event that the ratings of an insurer which has issued one or more of the coverages specified in Sections 8.01 7.01 and 8.02 7.02 are downgraded so that such insurer would no longer qualify to issue such coverage under the provisions of the preceding sentence, the Administrator shall promptly obtain replacement coverage from another insurer that so qualifies.

Qualifying Insurers. The Administrator shall obtain the coverages specified in Sections 8.01 and 8.02 hereof from insurers having an A.M. Best Company rating of at least A-, a Standard & Poor's Corporation insurer financial strength rating of at least BBB+, and/or a Xxxxx'x Investors Services, Inc. claims-paying ability rating of at least BAAlBaa1. In the event that the ratings of an insurer which has issued one or more of the coverages specified in Sections 8.01 and 8.02 are downgraded so that such insurer would no longer qualify to issue such coverage under the provisions of the preceding sentence, the Administrator shall promptly obtain replacement coverage from another insurer that so qualifies.