Modification of Coverage Sample Clauses
The Modification of Coverage clause defines the conditions and procedures under which the terms, limits, or scope of an insurance policy or contract can be changed after it has been issued. Typically, this clause outlines who has the authority to request or approve changes, the process for documenting modifications, and any notice requirements that must be met. For example, it may specify that only written endorsements signed by both parties are valid, or that certain changes require advance notice. The core function of this clause is to ensure that any alterations to coverage are clearly agreed upon and properly documented, thereby preventing misunderstandings or disputes about the policy's terms.
Modification of Coverage. The CITY reserves the right at any time during the term of this Contract to change the amounts and types of insurance required hereunder by giving CONTRACTOR ninety (90) days’ advance written notice of such change. If such change should result in substantial additional cost to CONTRACTOR, the CITY agrees to negotiate additional compensation proportional to the increased benefit to the CITY.
Modification of Coverage. Executive Director, at his or her sole reasonable discretion, based upon recommendation of independent insurance consultants to City, may increase or decrease amounts and types of insurance coverage required hereunder at any time during the term hereof by giving ninety (90) days’ prior written notice to Consultant.
Modification of Coverage. ACTA’s CEO, at his sole reasonable discretion, based upon recommendation of independent insurance consultants to ACTA, may increase or decrease amounts and types of insurance coverage required hereunder at any time during the term hereof by giving ninety (90) days’ prior written notice to Consultant.
Modification of Coverage. The Executive Director, or designee, at the Executive Director’s discretion, may require that Tenant increase or decrease amounts and types of insurance coverage required hereunder at any time during the term hereof by giving ninety (90) days' prior written notice to Tenant. The modification of coverage shall occur no less than every five (5) years of the term to insure that the coverage amounts are consistent with industry standards at the time of the modification for the Permitted Uses of the Premises.
Modification of Coverage. The CITY reserves the right at any time during the term of this Contract to change the amounts and types of insurance required hereunder by giving
Modification of Coverage. Executive Director, at his or her discretion, based upon recommendation of independent insurance consultants to City, may increase or decrease amounts and types of insurance coverage required hereunder at any time during the term hereof by giving ninety (90) days’ prior written notice to Developer. Renewal of Policies At least thirty (30) days prior to the expiration of each policy, Developer shall direct their insurance broker or agent to submit to the City’s online insurance compliance system KwikComply at ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇.▇▇▇/ a renewal endorsement or renewal certificate showing that the policy has been renewed or extended or, if new insurance has been obtained, evidence of insurance as specified above. If Developer neglects or fails to secure or maintain the insurance required above, Executive Director may, at his or her own option but without any obligation, obtain such insurance to protect City's interests. The cost of such insurance will be charged to Developer in the next invoice.
Modification of Coverage. The CITY reserves the right at any time during the term of this Contract to change the amounts and types of insurance required hereunder by giving result in substantial additional cost to CONTRACTOR, the CITY agrees to negotiate additional compensation proportional to the increased benefit to the CITY.
Modification of Coverage. The City’s Risk Manager, at his/her discretion, may increase or decrease amounts and types of insurance coverage required hereunder at any time during the term hereof by giving ninety (90) days' prior written notice to Operator.
Modification of Coverage. ACTA’s CFO, at his sole reasonable discretion, based upon recommendation of independent insurance consultants to ACTA, may increase or decrease amounts and types of insurance coverage required hereunder at any time during the term hereof by giving ninety (90) days’ prior written notice to Consultant.
Modification of Coverage. ClTY reserves the right at any time during the term of this CONTRACT to change the amounts and types of insurance required hereunder by giving CONTRACTOR ninety (90) days advance written notice of such change.