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• • <br /> insurance in an amount of not less than $500,000.00 for damage to the <br /> property of each person on account of any one occurrence. <br /> (3) UACI shall furnish City concurrently with the execution <br /> of this Agreement satisfactory evidence of the insurance required and <br /> evidence that the carrier is required to give the City at ]'east 10 <br /> days prior written notice of the cancellation or reduction in coverage <br /> of a policy. • <br /> IV [ §400] TERMINATION <br /> A. [ §401] Cancellation Or Amendment <br /> This Agreement may be amended or cancelled in whole or in part by <br /> mutual consent of the parties and in the manner provided for in <br /> Government Code Sections 65868, 65867, 65867.5 and 65865.1 <br /> B. [ §402] Jurisdictional Change <br /> If all or a portion of the Subject Property which is the subject <br /> of this Agreement is annexed to or otherwise becomes a part of a city <br /> or another county, this Agreement terminates. <br /> C. [ §403] Termination By Default <br /> UACI is in default under this Agreement upon the happening of one <br /> or more of the following events or conditions: <br /> (1) a warranty, representation or statement made or <br /> furnished by UACI to the City is materially false or proves to have <br /> been false in any material respect when it was made; <br /> (2) a finding and determination by the City made following <br /> a periodic review under the procedure provided for in Government Code <br /> UACI Dev. Agmt <br /> 5/23/85 <br /> Page 15 of 19 <br />