Insurability Clause Samples
The insurability clause defines the requirements and conditions under which a party must obtain and maintain insurance coverage relevant to the agreement. Typically, it specifies the types and minimum amounts of insurance needed, such as liability or property insurance, and may require proof of coverage or notification of policy changes. This clause ensures that both parties are protected against potential losses or liabilities, thereby allocating risk and providing financial security in case of unforeseen events.
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Insurability. Buyer has the right to review and object to the availability, terms and conditions of and premium for 490 property insurance (Property Insurance). Buyer has the Right to Terminate under § 25.1, on or before Property Insurance 491 Termination Deadline, based on any unsatisfactory provision of the Property Insurance, in Buyer’s sole subjective discretion.
Insurability. It is the right and responsibility of Buyer to determine the insurability, coverage and the cost of insuring the Property. It is also the responsibility of Buyer to determine whether any exclusions will apply to the insurability of said Property.
Insurability. The Medical Group shall cooperate with the Management Company in (i) ensuring that its Medical Personnel are insurable under commercially available malpractice insurance policies or (ii) instituting proceedings to terminate within thirty business days any Medical Personnel who is not so insurable or who loses his or her malpractice insurance eligibility unless the Medical Group makes (within such 30-day period) other arrangements reasonably appropriate under the circumstances and reasonably acceptable to the Management Company. The Medical Group shall notify the Management Company in writing of any change in the insurance status of any Medical Personnel within two days after the Medical Group receives notice of any such change. The Medical Group shall require all Medical Personnel to participate in an on-going risk management program.
Insurability. The Medical Group shall cooperate with the Management Company in (i) ensuring that its Medical Personnel are insurable or (ii) instituting proceedings to terminate within two business days any Medical Personnel who is not insurable or who loses his or her insurance eligibility. The Medical Group shall notify the Management Company in writing of any change in the insurance status of any Medical Personnel within two days after the Medical Group receives notice of any such change. The Medical Group shall require all Medical Personnel to participate in an on-going risk management program.
Insurability. Sellers have not received any notice from any insurance company of any material defects or inadequacies in the Real Property or any part thereof, which would materially, adversely affect the insurability of the same or of any termination or threatened termination of any policy of insurance.
Insurability. This Contract is conditional upon ▇▇▇▇▇’s satisfaction, in ▇▇▇▇▇’s subjective discretion, with the availability, terms and 358 conditions of and premium for property insurance. This Contract shall terminate upon Seller’s receipt, on or before Property Insurance Objection 359 Deadline (§ 2.3), of Buyer’s written notice that such insurance was not satisfactory to Buyer. If said notice is not timely received, Buyer shall have 360 waived any right to terminate under this provision.
Insurability. Many different issues can affect the insurability and the rates of insurance for property. These include factors such as changes in the Flood Zone Certifications, changes to the earthquake zones maps, the insurability of the buyer, and previous claims made on the Property. It is the right and responsibility of Buyer to determine the insurability, coverage and the cost of insuring the Property. It is also the responsibility of Buyer to determine whether any exclusions will apply to the insurability of said Property.
Insurability. Buyer has the Right to Terminate under § 24.1., on or before Property Insurance Termination 571 Deadline, based on any unsatisfactory provision of the availability, terms and conditions and premium for property insurance 572 (Property Insurance) on the Property, in ▇▇▇▇▇’s sole subjective discretion.
Insurability. Employees who do not elect participation in the insurance programs within thirty (30) calendar days of initial employment or change participation in the insurance program during the scheduled open enrollment periods shall establish insurability and eligibility as required by the appropriate insurance carrier.
Insurability. Buyer has the right to review and object to the availability, terms and conditions of and premium for