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9?114491 <br />�334O301 <br />y <br />b. DEDUCTIBLES AND SELF -INSURED RETENTIONS. Any <br />deductibles or self -insured retentions must be <br />declared to and approved by the City. At the <br />option of the City, either the insurer shall <br />reduce or eliminate such deductibles or self - <br />insured retentions as respects the City, its <br />officers, officials and employees; or the BORROWER <br />shall procure a bond guaranteeing payment of <br />losses and related investigations, claim <br />administration and defense expenses. <br />C. OTHER INSURANCE PROVISIONS. The policies are to <br />contain, or be endorsed to contain, the following <br />provisions: <br />1. General Liability and Automobile Liability <br />Coverages. <br />a. The City, its officers, officials, <br />employees and volunteers are to be <br />covered as insureds as respects: <br />liability arising out of activities <br />performed by or on behalf of the <br />BORROWER; products and completed <br />operations of the BORROWER, premises <br />owned, occupied or used by the BORROWER, <br />9/28/93 (STM) 10 <br />