Common use of Policy Information Clause in Contracts

Policy Information. For each SPIP insurance policy that the Insured Entity is a named insured on, the Insured Entity shall: Maintain a current schedule of values, a total insured value, and a detailed inventory of all exposures for each insurance policy. Maintain a list of all SPIP insurance policies which it participates in. At a minimum, the list shall include the insurance policy name, insurance policy expiration date, and any policy reporting requirements as identified in 3.e of this Agreement. It is recommended that the list also includes the current Contractor, Insurer, and policy number as provided by DMS. Refer to and use the SPIP webpage as a resource for insurance policy documents, key coverage information, claim forms, information on requesting additions, modifications, and deletions in insurance coverage, reporting requirements, and other information related to SPIP. Attend workshops and meetings held by DMS related to the Insured Entity’s applicable SPIP policies. The Insured Entity’s primary points of contact listed above in 3.a. are requested to attend.

Appears in 2 contracts

Sources: State Purchasing Insurance Program Participation Agreement, State Purchasing Insurance Program Participation Agreement