New Coverage Sample Clauses

The "New Coverage" clause defines the terms under which additional or modified insurance coverage may be added to an existing policy. Typically, this clause outlines the process for requesting new types of coverage, the insurer's requirements for approval, and any changes to premiums or policy terms that may result. For example, if a policyholder wants to add coverage for a newly acquired asset or expand liability limits, this clause governs how such changes are handled. Its core practical function is to provide a clear framework for updating insurance protection as the policyholder's needs evolve, ensuring both parties understand the procedures and implications of modifying coverage.
New Coverage. There is no revision to the proposed rule based on this category of comment. Three respondents submitted four comments for this category of comments. One respondent recommended new coverage in FAR 45.103 to cover the contract award process when considering competitive advantage. The Councils disagree. The scope of the effort on the contract or type of contract (e.g., A&E, construction) should not be the consideration for inclusion of the clauses at FAR 52.245– 1 and 52.245–9. The sole consideration for use of these clauses is whether Government property is to be provided. One respondent suggested making all references to ‘‘property’’ consistent by changing the term to ‘‘Government property.’’ The Councils disagree. The Councils believe that all references to property in FAR part 45 inherently mean Government property (see FAR 45.000 Scope of part), and no further clarification is needed. One respondent submitted two
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New Coverage. Contribution is due only if employee became eligible before the 16th day of the month for which coverage is provided.
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New Coverage. From and after the First Tranche Closing, Buyers and the Elevator Subsidiaries shall be solely responsible for maintaining, and all costs of, each New Arrangement, or otherwise providing insurance coverage with respect to the Elevator Business, in such amounts and upon such terms as they deem fit.
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Related to New Coverage

  • Basic Coverage Contractor shall provide and maintain at the JBE’s discretion and Contractor’s expense the following insurance during the Term:

  • Basic Coverages Subd. 1. Faculty

  • Continuing Coverage If a letter of assurance is obtained from any insurer under a Hazard Insurance policy or a Flood Insurance policy that the insurance coverage shall continue in full force and effect, the Servicer shall deposit such letter in the appropriate Servicer Mortgage Loan File.

  • Coverage If any of the aforementioned liability insurance is arranged on a "claims made" basis, "tail" coverage will be required at the completion of this contract for a duration of 24 months or the maximum time period the PURCHASER's insurer will provide such if less than 24 months. PURCHASER will be responsible for furnishing certification of "tail" coverage as described or continuous "claims made" liability coverage for 24 months following contract completion. Continuous "claims made" coverage will be acceptable in lieu of "tail" coverage, provided its retroactive date is on or before the effective date of this contract.

  • Dental Coverage Each employee covered by this agreement shall be eligible to participate in the City's dental program.