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If coverage is canceled or not renewed and it is not replaced with <br />another claims-made policy form with a retroactive date that <br />precedes the date of this Agreement, Consultant must provide <br />extended reporting coverage for a minimum of five years after <br />completion of the Agreement or the work. The City shall have the <br />right to exercise, at the Consultant's sole cost and expense, any <br />extended reporting provisions of the policy, if the Consultant <br />cancels or does not renew the coverage. <br />d. A copy of the claim reporting requirements must be submitted to <br />the City prior to the commencement of any work under this <br />Agreement. <br />4.4 All Policies Requirements. <br />4.4.1 Acceptability of insurers. All insurance required by this section is to be <br />placed with insurers with a Bests' rating of no less than A:VII. <br />4.4.2 Verification of coverage. Prior to beginning any work under this <br />Agreement, Consultant shall furnish City with complete certified copies of <br />all policies, including complete certified certificates of insurance. All <br />copies of certificates of insurance and certified endorsements shall show <br />the signature of a person authorized by that insurer to bind coverage on its <br />behalf. <br />4.4.3 Notice of Reduction in or Cancellation of Coverage. Certificate(s) are <br />to reflect that the insurer will provide 30 days notice to the City of any <br />cancellation of coverage. Consultant agrees to require its insurer to modify <br />such certificates to delete and exculpatory wording stating that failure of <br />the insurer to mail written notice of cancellation imposes no obligation, or <br />that any party will "endeavor" (as opposed to being required) to comply <br />the requirements of the certificate. <br />Consultant shall renew the required coverage annually as long as the City, <br />or its employees or agents face exposure from operations of any type <br />pursuant to this agreement. This obligation applies whether or not the <br />agreement is canceled or terminated for any reason. Termination of this <br />obligation is not effective until City executes a written statement to that <br />effect. <br />Consultant shall provide proof that policies of insurance required herein <br />expiring during the term of this Agreement have been renewed or replaced <br />with other policies at least the same coverage. Proof that such coverage <br />has been ordered shall be submitted prior to expiration. A coverage binder <br />or letter from Consultant's insurance agent to this affect is acceptable. A <br />San Leandro Blvd-BART Interface Plan June, 2009 <br />7 of 38 <br />