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A.I.G. also said that it would begin expensing Starr International's compensation as required by standard accounting practices, something it had not done previously.
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State that you'll carry general liability insurance and worker's compensation insurance as required by law.
For example, say: Contractor shall carry general liability insurance and workers' compensation insurance as required by law for the protection of Contractor and Owner during the performance of the Work.
(Those amounts are different from what appears in the proxy's main "summary compensation table," which, as required under the Securities and Exchange Commission's new rules, factors in expenses for stock grants in previous years).
As required by Congress, life insurance was deducted from awards, on the theory that the settlement should reflect all compensation due as a result of the attack.
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