Common use of Coverage and Certificates Clause in Contracts

Coverage and Certificates. These policies must provide that any cancellation, non-renewal, or material change be upon not less than thirty (30) days notice to all named insureds. Each Participant must provide the AEA and IMC with evidence of insurance. Insurance companies or self-insurers shown on the certificate of insurance must have financial ratings acceptable to the AEA. Failure to furnish satisfactory evidence of insurance or lapse of the policy is a material breach of this Agreement. Page 43 of 53 – Amended and Restated Alaska Intertie Agreement

Coverage and Certificates. These policies must provide that any cancellation, non-renewal, or material change be upon not less than thirty (30) days notice to all named insureds. Each Participant must provide the AEA and IMC with evidence of insurance. Insurance companies or self-insurers shown on the certificate of insurance must have financial ratings acceptable to the AEA. Failure to furnish satisfactory evidence of insurance or lapse of the policy is a material breach of this Agreement. Page 43 of 53 – Amended and Restated Alaska Intertie Agreement.