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Inst 2000102501
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Inst 2000102501
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Last modified
6/3/2016 3:45:28 PM
Creation date
6/3/2016 3:45:27 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
3/6/2000
Recorded Document Type
OPA
Retention
PERM
Document Relationships
RDA Reso 2000-010
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2000
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i <br /> A <br /> • <br /> Agency, its officers, officials, employees and volunteers. Any insurance <br /> or self-insurance maintained by the Agency, its officers, officials, <br /> employees or volunteers shall be excess of the Participant insurance and <br /> shall not contribute with it. <br /> iii. Any failure to comply with reporting provisions of the policies shall not <br /> affect coverage provided to the Agency, its officers, officials, employees <br /> or volunteers. <br /> iv. The Participant's insurance shall apply separately to each insured against <br /> whom claim is made or suit is brought, except with respect to the limits of <br /> the insurer's liability. <br /> B. All Coverages. <br /> Each insurance policy required by this clause shall be endorsed to state that <br /> coverage shall not be suspended, voided, canceled by either party, reduced in <br /> coverage or in limits except after thirty (30) days prior written notice by certified <br /> mail, return receipt requested, has been given to the Agency. <br /> 5. Acceptability of Insurers. Insurance is to be placed with insurers with a Best's rating of no <br /> less than A:VIII. <br /> 6. Verification of Coverage. Participant shall furnish Agency with certificates of insurance <br /> and with original endorsements effecting coverage required by this clause. The <br /> certificates and endorsements for each insurance policy are to be signed by a person <br /> authorized by that insurer to bind coverage on its behalf. The certificates and <br /> endorsements are to be received and approved by the Agency. The Agency reserves <br /> the right to require complete, certified copies of all required insurance policies, at any <br /> time. <br /> 7. The risk manager of the Agency may approve a variation in those insurance <br /> requirements upon a determination that the coverages, scope, limits and forms of such <br /> insurance are either not commercially available or that the Agency's interests are <br /> otherwise fully protected. <br /> Owner Participation Agreement- Attachment 1 Page 2 of 2 <br />
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