General Requirements for Insurance Coverage and Policies. A. All required insurance policies shall be maintained with companies that may lawfully issue the required policy and have an A.M. Best rating of at least A- / “VII” or a Standard and Poor’s rating of at least A, unless prior written approval is obtained from the City Law Department.
General Requirements for Insurance Coverage and Policies. (a) Policies of insurance required under this Article shall be provided by companies that may lawfully issue such policy and have an A.M. Best rating of at least A- / “VII” or a Standard and Poor’s rating of at least A, unless prior written approval is obtained from the Commissioner.
General Requirements for Insurance Coverage and Policies. A. Unless otherwise stated, all insurance required by Section 42.3 of this Agreement must:
General Requirements for Insurance Coverage and Policies. (a) Policies of insurance required under this Section 26 shall be provided by companies that may lawfully issue such policy and have an A.M. Best rating of at least A- / “VII”, a Standard & Poor’s rating of at least A, a Xxxxx’x Investors Service rating of A3, or a Fitch’s Ratings rating of A-, or a similar rating by any other nationally recognized statistical rating organization acceptable to the Law Department, unless prior written approval is obtained from the New York City Law Department.
General Requirements for Insurance Coverage and Policies. All insurance required under this Exhibit (other than Disability Benefits) shall include a waiver of the right of subrogation against the City and NYCEDC, together with their respective members, officials, officers, directors and employees. In addition, all insurance required to be provided by third parties under this Exhibit (other than Disability Benefits) shall include a waiver of the right of subrogation against the City and NYCEDC, together with their respective members, officials, officers, directors and employees. There shall be no self-insurance program, including a self-insured retention exceeding $10,000, with regard to any insurance required under this Exhibit unless approved in writing by the DSBS Commissioner and NYCEDC. The Permitted User shall ensure that any such self-insurance program provides the Additional Insureds with all rights that would be provided by traditional insurance under this Exhibit, including but not limited the defense and indemnification obligations that insurers are required to undertake in liability policies. Policies of insurance required under this Exhibit shall be provided by companies that may lawfully issue such policy and have an A.M. Best rating of at least A- / VII, a Standard & Poor’s rating of at least A, a Xxxxx’x Investors Service rating of at least A3, a Fitch Ratings rating of at least A- or a similar rating by any other nationally recognized statistical rating organization acceptable to the New York City Law Department unless prior written approval is obtained from the New York City Law Department. The limits of coverage for all types of insurance required under this Exhibit shall be the greater of (A) the minimum limits set forth in this Exhibit or (B) the limits provided to the Permitted User under all primary, excess and umbrella policies covering operations under the applicable Permit or Subconcession. The Permitted User, shall be solely responsible for the payment of all premiums for all policies and all deductibles or self-insured retentions to which they are subject, whether or not the Additional Insureds are each an insured under the policy. All property and liability insurance shall contain a provision that no act or omission of the City and/or NYCEDC shall affect or limit the obligation of the insurance company to pay the amount of any loss sustained by the City and/or NYCEDC. The Permitted User waives all rights against the City and NYCEDC including their respective members, officials, officer...
General Requirements for Insurance Coverage and Policies. 55.2.1. All required insurance policies shall be procured from companies that are licensed to do business in the State of New York and have an A.M. Best rating of at least A-/VII or a Standard and Poor’s rating of at least A, unless prior written approval is obtained from the New York City Office of the Corporation Counsel.
General Requirements for Insurance Coverage and Policies. (a) All required insurance policies shall be maintained with companies that may lawfully issue the required policy and have an A.M. Best rating of at least A- / “VII” or a Standard and Poor’s rating of at least A, unless prior written approval is obtained from the Corporation.
General Requirements for Insurance Coverage and Policies. The following requirements apply to the coverages described above in section B:
General Requirements for Insurance Coverage and Policies. All insurance obtained by the Contractor shall satisfy the following requirements.
General Requirements for Insurance Coverage and Policies. 1. Unless otherwise stated, all insurance required by Article 2(C) must:
