Common use of Authorization to do Business; Rating Requirement Clause in Contracts

Authorization to do Business; Rating Requirement. All insurance companies must be authorized to do business in the States where business is being transacted covering all operations under this Agreement. All insurance companies must be rated A or better with a financial rating of VII or better in the most recent A. M. Best’s Rating Guide.

Appears in 2 contracts

Sources: Master Services and Supply Agreement (Universal Biosensors Inc), Master Services and Supply Agreement (Universal Biosensors Inc)