Conforming Insurance Coverage definition

Conforming Insurance Coverage means insurance (a) from reputable insurers with AM Best Rating no less than A-:X or equivalent S&P rating, covering the properties, operations, personnel and businesses of the Partnership Group against such losses and risks with limits, deductibles and terms that as are reasonably adequate to protect the Partnership Group and its businesses in a commercially reasonable manner consistent with prudent industry practices (which coverage shall include property damage, business interruption, extra expense (inclusive of named windstorm), third-party liability and pollution legal liability); (b) that is primary without right of contribution of any other insurance carried by or on behalf of any holders of Class B Units with respect to such holder’s interests; and (c) the third-party liability and pollution legal liability policies of which shall name as additional insureds the Initial Investors and the Additional Investors and their respective Permitted Transferees.
Sample 1

Examples of Conforming Insurance Coverage in a sentence

  • At each policy renewal relating to the Partnership Group’s insurance coverage, but no less than annually, the Partnership shall reasonably demonstrate that it is maintaining Conforming Insurance Coverage, including by providing to the holders of Class B Units approved certificates of insurance from each insurer or by an authorized representative of each insurer.

Related to Conforming Insurance Coverage

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Coverage means the types of persons to be eligible as the beneficiaries of the Scheme to health services provided under the Scheme, subject to the terms, conditions and limitations.

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Debt Service Coverage means that for every $1.00 of debt service required to be paid there must be $1.15 of Net Operating Income available. A worksheet for the calculation of Debt Service Coverage is found in the Report of Operations attached hereto as Exhibit "H" and incorporated herein by this reference.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud.

  • Creditable coverage means, with respect to an individual, coverage of the individual provided under any of the following:

  • Property Insurance is defined in Section 6.10(a).

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Period of Insurance means the period commencing from the retroactive date and terminating on the expiry date as shown in the Policy Schedule.

  • Casualty insurance means liability insurance.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Insurance carrier means every insurance carrier duly

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Blanket insurance policy means a group policy covering a defined class of

  • Insurance score means a number or rating that is derived from an algorithm, computer application, model, or other process that is based in whole or in part on credit information for the purposes of predicting the future insurance loss exposure of a consumer.

  • Credit property insurance means insurance:

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts: