MINIMUM INSURANCE RATING Sample Clauses

The Minimum Insurance Rating clause sets a required standard for the financial strength or reliability of insurance providers that a party must use under a contract. Typically, it specifies that any insurance policies obtained must be issued by insurers with a rating from a recognized agency (such as A.M. Best or Standard & Poor’s) that meets or exceeds a certain threshold, for example, an A- rating or better. This ensures that the insurance coverage is backed by a financially stable company, reducing the risk that claims will go unpaid due to insurer insolvency and providing assurance to all parties that adequate protection is in place.
MINIMUM INSURANCE RATING. All required insurance be placed with AM Best rated carriers rated A-VII or better
View SourceView Similar (5)
MINIMUM INSURANCE RATING. The Grantee will obtain all required policies from insurers licensed, eligible or registered under Texas law with a rating of A- or better in a financial size category of IV or higher according to A.M. Best Company.
View Source

Related to MINIMUM INSURANCE RATING

  • Insurance Carrier Rating Coverages provided by Contractor must be underwritten by an insurance company deemed acceptable to the State of Washington’s Office of Risk Management. Insurance coverage shall be provided by companies authorized to do business within the State of Washington and rated A- Class VII or better in the most recently published edition of Best’s Insurance Rating. Enterprise Services reserves the right to reject all or any insurance carrier(s) with an unacceptable financial rating.

  • Insurance Company Rating The required insurance must be written by a company approved to do business in the State or Texas with a financial standing of at least an A- rating, as reflected in Best’s insurance ratings or by a similar rating system recognized within the insurance industry at the time the policy is issued.

  • Minimum Insurance Requirements Contractor shall procure and maintain for the duration of the contract insurance against claims for injuries or death to persons or damages to property which may arise from or in connection with the performance of the work hereunder and the results of that work by the Contractor, his agents, representatives, employees or sub-contractors. Coverage - Coverage shall be at least as broad as the following:

  • Debt Rating The Liquidity Provider has a short-term debt ratings of “P-1” from ▇▇▇▇▇’▇ and “F1+” from Fitch.

  • Rating The Notes can be issued without the requirement that they have any rating from a nationally recognized statistical rating organization.