Requirements of Policies. (a) The Local Government shall maintain all insurance required by Section 8.1 with generally recognized responsible insurance companies selected by the Local Government and reasonably acceptable to VRA. Such insurance may be written with deductible amounts comparable to those on similar policies carried by other localities of like size and character to the Local Government. If the Local Government does not maintain such insurance with an insurer licensed to do business in Virginia or placed under the requirements of the Virginia Surplus Lines Insurance Law, Chapter 48, Title 38.2, Code of Virginia of 1950, as amended, or any successor statute, the Local Government shall provide evidence reasonably satisfactory to VRA that such insurance is enforceable under Virginia law.
Requirements of Policies. All insurance required by Section 6.2 shall be maintained with generally recognized responsible insurance companies qualified to do business in the Commonwealth of Virginia and selected by the Borrower. Such insurance may be written with deductible amounts comparable to those on similar policies carried by other businesses with respect to Projects of like size and character. In each policy, other than policies of worker's compensation insurance, the Authority and the Trustee shall be named as insureds, additional insureds or loss payees, as appropriate, as their interests may appear.
Requirements of Policies. (i) All policies of insurance (the "Policies") required pursuant to this Section 8.1.1 shall be issued by an insurer or insurers with an A.M. Best rating of A:X or better or other equivalent rating from another agency acceptable to Agent. All insurers shall be licensed to do business in the state or states where the applicable Properties are located.
Requirements of Policies. All policies of insurance required in this lease:
Requirements of Policies. 11 VII Damage, Destruction or Condemnation.................... 11
Requirements of Policies. All insurance required by Section ------------------------ 6.2 shall be maintained with generally recognized responsible insurance companies qualified to do business in the Commonwealth of Virginia and selected by the Borrower. Such insurance may be written with deductible amounts comparable to those on similar policies carried by other businesses of like size and character to the Project. In each policy, other than policies of worker's compensation insurance, the Issuer and the Trustee shall be named as insureds, additional insureds or loss payees, as appropriate, as their interests may appear, provided, however, that the foregoing requirement shall not be applicable during any Letter of Credit Period.
Requirements of Policies. All insurance required by Section 9.1 shall be maintained with generally recognized, responsible insurance companies selected by the Borrower and reasonably acceptable to the Authority. Such insurance may be written with deductible amounts comparable to those on similar policies carried by other airport operators operating properties similar to the Airport, and shall contain an undertaking by the insurer that such policy shall not be modified adversely to the interests of, or canceled without at least thirty (30) days’ prior notice to, the Authority. If any such insurance is not maintained with an insurer licensed to do business in Virginia or placed pursuant to the requirements of the Virginia Surplus Lines Insurance Law (Chapter 48, Title 38.2, Code of Virginia of 1950, as amended) or any successor provision of law, the Borrower shall provide evidence reasonably satisfactory to the Authority that such insurance is enforceable under Virginia law.
Requirements of Policies. (a) The Local Government or the School Board shall maintain all insurance required by Section 8.1 with generally recognized responsible insurance companies selected by the Local Government or the School Board and reasonably acceptable to VRA. Such insurance may be written with deductible amounts comparable to those on similar policies carried by other localities of like size and character to the Local Government and School Board. If the Local Government and the School Board do not maintain such insurance with an insurer licensed to do business in Virginia or placed under the requirements of the Virginia Surplus Lines Insurance Law, Chapter 48, Title 38.2, Code of Virginia of 1950, as amended, or any successor statute, the Local Government or the School Board shall provide evidence reasonably satisfactory to VRA that such insurance is enforceable under Virginia law.
