HARRP definition

HARRP means the legal entity, created by this Agreement, to be known as Housing Authorities Risk Retention Pool.
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Examples of HARRP in a sentence

  • If the entire coverage agreement is canceled, that effective date will become the end of the coverage period and of HARRP membership.

  • The arbitrators shall be executive directors of HARRP member authorities that are not directly related to the issues in dispute.

  • The member may not be double covered with the coverage afforded by HARRP and any other insurance.

  • If double covered, HARRP will be the secondary payor to the other insurer.

  • Once participation in HARRP is terminated, the Member cannot re-apply for coverage for a period of three years from the date of withdrawal and must conform to the underwriting criteria that is currently in place at the time of re-application.

  • Each participating Member agrees to remain in HARRP for a period of not less than three (3) years, beginning on the date upon which the Coverage Terms first became effective., A participating Member may terminate its membership in HARRP at any time after such three-year period has expired upon giving 90 days prior written notice of termination of participation and providing the effective date of cancellation.

  • The covered entity may cancel this coverage agreement and its membership in HARRP by mailing or delivering to us advance written notice of cancellation in accordance with the applicable section of Intergovernmental Cooperation Agreement currently in effect.

  • It is understood that the Housing Authority is insured by Housing Authorities Risk Retention Pool (HARRP), a governmental risk sharing pool, approved by the State Of Washington, Office of Financial Management, and the U.S. Department of Housing and Urban Development (HUD).

  • The interest of the covered entity in the buildings and personal property of others in the covered entity’s care, custody or control or the covered entity’s liability imposed by law or HARRP (January 1, 2024) PROPERTY COVERAGE Page 1 of 10 assumed by agreement, for such property, except for automobiles.

  • The Members intend that HARRP shall be exempt from Federal income taxation under Section 115 of the Internal Revenue Code of 1986, as amended, and corresponding laws of taxation of the States of Washington, Oregon, California, Nevada and other states in which HARRP has Members.