Common use of General Requirements for Insurance Coverage and Policies Clause in Contracts

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 that have an A.M. Best rating of at least A- / “VII” or a Standard and Poor’s rating of at least A, a ▇▇▇▇▇’▇ 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 City’s Law Department; (b) All insurance policies shall be primary (and non-contributing) to any insurance or self-insurance maintained by the City; (c) The Company shall be solely responsible for the payment of all premiums for all required insurance policies and all deductibles or self-insured retentions to which such policies are subject, whether or not the City is an insured under the policy; (d) There shall be no self-insurance program with regard to any insurance required under this § 8.6, unless approved in writing by the Commissioner. Any such self-insurance program shall provide the City with all rights that would be provided by traditional insurance required under this § 8.6, including, but not limited to, the defense obligations that insurers are required to undertake in liability policies; and (e) The City's limits of coverage for all types of insurance required under this § 8.6 shall be the greater of (i) the minimum limits set forth in § 8.6.1, or

General Requirements for Insurance Coverage and Policies. (1) Unless otherwise stated, all insurance required by Section 19.1 of this Agreement must: (a) All required insurance policies shall be maintained with Be provided by companies that may lawfully issue the required policy and that have such policies; (b) Have an A.M. Best rating of at least A- / “VII” or , a Standard and & Poor’s 's rating of at least A, a ▇▇▇▇▇’'▇ 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 City’s New York City Law Department unless prior written approval is obtained from the New York City Law Department;; and (bc) All insurance policies shall be Be primary (and non-contributing) to any insurance or self-self- insurance maintained by the City;City (not applicable to professional liability insurance/errors and omissions insurance). (c2) The Company shall be solely responsible for the payment of all premiums for all required insurance policies and all deductibles or self-insured retentions to which such policies are subject, whether or not the City is an insured under the policy;. (d3) There shall be no self-insurance program program, including a self- insurance retention, exceeding $10,000.00, with regard to any insurance required under this § 8.6, Section unless approved in writing by the Commissioner. Any such self-self- insurance program shall provide the City with all rights that would be provided by traditional insurance required under this § 8.6Section, including, including but not limited to, to the defense obligations that insurers are required to undertake in liability policies; and. (e4) The City's limits of coverage for all types of insurance required under this § 8.6 for the City, including its officials and employees, shall be the greater of (i) the minimum limits set forth in § 8.6.1this Section or (ii) the limits provided to the Company as named insured under all primary, orexcess, and umbrella policies of that type of coverage.

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 that have an A.M. Best rating of at least A- / “VII” or a Standard and Poor’s rating of at least A, a ▇▇▇▇▇’▇ 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 City’s Law Department; (b) All insurance policies shall be primary (and non-contributing) to any insurance or self-insurance maintained by the City; (c) The Company shall be solely responsible for the payment of all premiums for all required insurance policies and all deductibles or self-insured retentions to which such policies are subject, whether or not the City is an insured under the policy; (d) There shall be no self-insurance program with regard to any insurance required under this § 8.6, unless approved in writing by the Commissioner. Any such self-insurance program shall provide the City with all rights that would be provided by traditional insurance required under this § 8.6, including, but not limited to, the defense obligations that insurers are required to undertake in liability policies; and (e) The City's limits of coverage for all types of insurance required under this § 8.6 shall be the greater of (i) the minimum limits set forth in § 8.6.1, or§