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Deed - 2390 E 14th St - File 1355, 2000
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Deed - 2390 E 14th St - File 1355, 2000
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10/4/2022 7:10:05 PM
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10/4/2022 7:07:37 PM
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CM City Clerk-City Council
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Deed
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PERM
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The Participant's insurance shall be primary insurance as respects the Agency, its <br />officers, officials, employees and volunteers. Any insurance or self-insurance <br />maintained by the Agency, its officers, officials, employees or volunteers shall be <br />excess of the Participant insurance and shall not contribute with it. <br />iii. Any failure to comply with reporting provisions of the policies shall not affect <br />coverage provided to the Agency, its officers, officials, employees or volunteers. <br />iv. The Participant's insurance shall apply separately to each insured against whom <br />claim is made or suit is brought, except with respect to the limits of the insurer's <br />liability. <br />B. All Coverages. <br />Each insurance policy required by this clause shall be endorsed to state that coverage <br />shall not be suspended, voided, canceled by either party, reduced in coverage or in limits <br />except after thirty (30) days prior written notice by certified mail, return receipt requested, <br />has been given to the Agency. <br />Acceptability of Insurers. Insurance is to be placed with insurers with a Best's rating of no less than <br />A:VIII. <br />Verification of Coverage. Participant shall furnish Agency with certificates of insurance and with <br />original endorsements effecting coverage required by this clause. The certificates and <br />endorsements for each insurance policy are to be signed by a person authorized by that insurer to <br />bind coverage on its behalf. The certificates and endorsements are to be received and approved <br />by the Agency. The Agency reserves the right to require complete, certified copies of all required <br />insurance policies, at any time. <br />7. The risk manager of the Agency may approve a variation in those insurance requirements upon a <br />determination that the coverages, scope, limits and forms of such insurance are either not <br />commercially available or that the Agency's interests are otherwise fully protected. <br />Owncr Participation Agrccmrnt - Attachmcnt I Paq 2 of 2 <br />
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