Common use of Qualifying Insurers Clause in Contracts

Qualifying Insurers. All policies required shall be issued by acceptable insurance companies, as determined by District, which satisfy the following minimum requirements: Insurance carriers shall be qualified to do business in California and maintain an agent for service of process within the state. Such insurance carrier shall have not less than an “A” policyholder’s rating and a financial rating of not less than “Class X” according to the latest Best Key Rating Guide.

Qualifying Insurers. All policies required shall be issued by acceptable insurance companies, as determined by Districtthe Authority, which satisfy the following minimum requirements: Insurance carriers shall be qualified admitted to and authorized to do business in California and maintain an agent for service of process within the state. Such insurance carrier shall have not less than an “"A” " policyholder’s 's rating and a financial rating of not less than “"Class X” V" according to the latest Best Key Rating Guide.