Self-Insurance Program Clause Samples

A Self-Insurance Program clause allows a party to fulfill insurance requirements by maintaining its own internal fund or program to cover potential losses, rather than purchasing traditional insurance from a third-party provider. In practice, this means the party assumes direct financial responsibility for certain risks, often setting aside reserves or using a formalized risk management process to address claims that would otherwise be covered by commercial insurance. This clause is particularly useful for large organizations with the resources to manage their own risks, and it provides flexibility while potentially reducing insurance costs.
Self-Insurance Program. There shall be no self-insurance program, including a self-insurance retention, with regard to any insurance required unless approved in writing by Agreement Administrator and all self-insured retentions must be disclosed on certificates of insurance. Under no circumstances shall the Additional Insureds be responsible for the payment of any loss deductible or self- insured retention (or any other aspect of a self-insurance program). Further, Operator shall ensure that any such self-insurance program provides the Additional Insureds with all rights that would be provided by traditional insurance under this Article 6, including but not limited to the defense and indemnification obligations that insurers are required to undertake in liability policies.
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Self-Insurance Program. If the Grantee chooses to satisfy its obligations under this Section through a Self-Insurance Program: 1. The Grantee shall provide evidence of the authority for such Self- Insurance Program, evidence of the limits of the Self-Insurance Program, and evidence that the Self-Insurance Program is funded to an actuarially sound level. 2. The Grantee shall provide the Department with a certificate or letter from an authorized Grantee official confirming coverage for the duration of the Agreement. The requirements of this Section shall not be deemed to limit any other obligations or liabilities of the Grantee. The Grantee shall be responsible to pay the full amount of any deductibles or self-insured retentions of any coverages.
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Self-Insurance Program. There shall be no self-insurance program, including a self-insurance retention, with regard to any insurance required unless approved in writing by Agreement Administrator.
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Self-Insurance Program. Under the self-insurance program, the Association agrees to the following:
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Self-Insurance Program. Norfolk may satisfy the requirements of § 16.1 by procuring and maintaining a liability self- insurance program acceptable to the VPA providing equal or better coverage than the DRM Plan (“Self-Insurance Program”) as follows: .1 Norfolk shall provide evidence of the authority for such Self-Insurance Program, evidence of the limits of the Self-Insurance Program, and evidence that the Self-Insurance Program is funded to an actuarially sound level. .2 Norfolk shall provide the VPA with a certificate or letter from an authorized Norfolk official confirming the Self-Insurance Program coverage. .3 The Self-Insurance Program shall name the Commonwealth, the Department, the VPA, and their respective officers, agents, and employees as Additional Insureds, and waive subrogation against them.
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Self-Insurance Program. 1. The district accepts full liability for the implementation of the insurance coverage negotiated with the teachers. The District will assist teachers experiencing difficulties with claims and other insurance matters. 2. The district shall provide medical, eye, audio and dental insurance for each teacher, and the teacher’s spouse and dependents. Domestic Partners will be covered. A new teacher becomes enrolled in the group insurance plan on the first day of the month following employment. In the case of a teaching couple, each teacher shall receive the benefits of medical insurance. The District will make reasonable efforts to maintain the FY17 health coverage and benefits at no additional cost to the teachers. If the Iditarod Area School District is required to make changes to health coverage and benefits, the teachers will be consulted on alternative options. Any proposed change will be reviewed by the joint IEA and IASD Insurance Committee prior to implementation. 3. The District shall enroll in a Section 125 plan for its teachers. 4. Emergency medical travel expenses by certified employees will be reimbursed by the insurance program when certification of medical necessity signed by a qualified healthcare provider or a doctor is presented. Emergency medical travel is defined as medical treatment that requires immediate attention not available on site. 5. A joint IEA and IASD Insurance Committee will be formed to research and present all findings concerning health insurance carrier(s) and plan(s). (Health, life and accidental death and dismemberment). The committee will make recommendations to the Board on the District’s insurance coverage.
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Self-Insurance Program. 1. The District accepts full liability for the implementation of the insurance coverage negotiated with the employees. The District will assist classified employees experiencing difficulties with claims and other insurance matters.
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Self-Insurance Program. 1. The district accepts full liability for the implementation of the insurance coverage negotiated with the teachers. The District will assist teachers experiencing difficulties with claims and other insurance matters. 2. The district shall provide medical, eye, audio and dental insurance for each teacher, and the teacher’s spouse and dependents. A new teacher becomes enrolled in the group insurance plan on the first day of the month following employment. In the case of a teaching couple, each teacher shall receive the benefits of medical insurance. The District will make every effort to maintain the 2006-07 coverage, benefits at no cost to the teacher. Any proposed change will be reviewed by the joint IEA and IASD Insurance Committee prior to implementation. 3. The District shall enroll in a Section 125 plan for its teachers. 4. Emergency medical travel expenses by certified employees will be reimbursed by the insurance program when certification of medical necessity signed by a qualified healthcare provider or a doctor is presented. Emergency medical travel is defined as medical treatment that requires immediate attention not available on site. 5. A joint IEA and IASD Insurance Committee will be formed to research and present all findings concerning health insurance carrier(s) and plan(s). (Health, life and accidental death and dismemberment). The committee will make recommendations to the Board on the District’s insurance coverage.
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Self-Insurance Program 
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Related to Self-Insurance Program

  • Self-Insurance Notwithstanding the foregoing, each Interconnected Entity may self-insure to meet the minimum insurance requirements of this Section 13 of this Appendix 2 to the extent it maintains a self- insurance program, provided that such Interconnected Entity’s senior secured debt is rated at investment grade or better by Standard & Poor’s and its self-insurance program meets the minimum insurance requirements of this Section 13. For any period of time that an Interconnected Entity’s senior secured debt is unrated by Standard & Poor’s or is rated at less than investment grade by Standard & Poor’s, such Party shall comply with the insurance requirements applicable to it under this Section 13. In the event that an Interconnected Entity is permitted to self-insure pursuant to this section, it shall notify the other Interconnection Parties that it meets the requirements to self-insure and that its self-insurance program meets the minimum insurance requirements in a manner consistent with that specified in Section 13.5 of this Appendix 2.

  • Insurance Programs 35.1 Fringe Benefits a. The Board agrees to provide the: Individual core plan premium on behalf of each regular full time employee Part-time regular employees may receive pro-rated insurance benefits if eligible by the carrier. b. When an employee and legally recognized spouse are both employed by the district and are eligible for the school district group plan, the district shall, at the employees' option, combine the district's insurance contribution toward the family plan.

  • Insurance Program An eligible employee may waive rights to participate in either single or family coverage. If an employee waives this benefit, such employee may not revoke the waiver until the next open enrollment period and may be accepted only after medical review by the insurance provider.

  • Deductibles and Self-Insurance Retentions Any deductibles or self-insured retentions must be declared to and approved by the City. The City may require the Consultant to provide proof of ability to pay losses and related investigation, claims administration and defense expenses within the deductible or self-insured retention. The deductible or self-insured retention may be satisfied by either the named insured or the City.

  • Insurance Plans The Executive is eligible to participate in the life, health, dental, short and long-term disability plans made available to the employees of the Company pursuant to the terms and conditions of such plans.