Racing. This is defined as any organised competitive events with a designated start and finish; including speed tests and/or connected trials, and preparatory activities for such. Sue and Labour charges This means those reasonable costs and/or expenses which are incurred by you if necessary to prevent damage, injury or loss of life or to prevent or minimise any further loss or damage that may be covered by Section 4 of this Policy.
Racing. In consultation with the Management Committee, the Employee shall assist in setting racing and simulcast schedules, purses and percentages, arrange for dedicated lines and closed circuit television operation for simulcasting, and work with the marketing, advertising, and promotional staffs to enhance the racing program.
Racing. Each insurance carrier providing insurance required under this Section must have, independently of its parent’s or any reinsurer’s rating, a General Policyholder Rating of A, and a Financial Rating of IX or better, as reported in the most current issue of Best’s Insurance Guide, or as reported by Best on its internet web site.
Racing. Covered "autos" while used in any profes- sional or organized racing or demolition con- test or stunting activity, or while practicing for Paragraph a. above does not apply to fuels, such contest or activity. This insurance also lubricants, fluids, exhaust gases or other simi- does not apply while that covered "auto" is lar "pollutants" that are needed for or result being prepared for such a contest or activity. from the normal electrical, hydraulic or me- C. Limit Of Insurance chanical functioning of the covered "auto" or its parts if: Regardless of the number of covered "autos", "insureds", premiums paid, claims made or vehi-
Racing. 5.1 The racing and wagering industries are closely interrelated, both economically and legally. The predominance of wagering on racing events, and the historical development of the racing and wagering industries, has resulted in a mutually dependent relationship between the racing industry and wagering operators.