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8.4 Required Endorsement. The performance bond is subject to the approval of the <br />Licensor and must contain the following endorsement: <br />"This bond may not be canceled until sixty (60) days after receipt <br />by the Licensor, by registered mail, return receipt requested, of a <br />written notice of intent to cancel or not to renew. " <br />8.5 Reservation of Licensor Rights. The rights reserved by the Licensor with respect <br />to the performance bond are in addition to all other rights and remedies the Licensor may have <br />under this Agreement or any other law. <br />8.6 Admitted Surety Insurer. The surety supplying the bond shall be an "admitted <br />surety insurer", as defined in California Code of Civil Procedure Section 995.120 and authorized <br />to do business in the State of California. <br />8.7 Cash Deposit. In lieu of obtaining a performance bond, Licensee shall have the <br />right to instead deposit a cash deposit with Licensor securing Licensee's obligations under this <br />Agreement. <br />9. INSURANCE. Licensee shall obtain and maintain at all times during the term of this <br />Agreement insurances of the types and in the amounts specified by Licensor from time to time, or <br />if not specified, the amounts in this Section 9: Commercial General Liability insurance with a limit <br />of two million dollars ($2,000,000) per occurrence for bodily injury and property damage and five <br />million dollars ($5,000,000) general aggregate including premises -operations, contractual liability, <br />personal injury and products completed operations; and Commercial Automobile Liability <br />insurance covering all owned non -owned and hired vehicles with a limit of one million dollars <br />($1,000,000) combined single limit each accident for bodily injury and property damage. The <br />Commercial General Liability insurance policy shall include the Licensor, its council members, <br />officers, and employees as additional insured as their interest may appear under this Agreement in <br />respect to any covered liability 'arising out of Licensee's performance of work under this <br />Agreement. Coverage shall be in an occurrence form and in accordance with the limits and <br />provisions specified herein. Upon receipt of notice from its insurer, Licensee shall use its best <br />efforts to provide the Licensor with thirty (30) days prior written notice of cancellation. Licensee <br />shall be responsible for notifying the Licensor of such change or cancellation. <br />9.1 Filing of Certificates and Endorsements. Prior to the commencement of any <br />work pursuant to this Agreement, Licensee shall file with the Licensor the required certificate(s) <br />of insurance with blanket additional insured endorsements, which shall state the following: <br />(a) the policy number; name of insurance company; name and address <br />of the agent or authorized representative; name and address of insured; project name; policy <br />expiration date; and specific coverage amounts; <br />(b) that Licensee's Commercial General Liability insurance policy is <br />primary as respects any other valid or collectible insurance that the Licensor may possess, <br />including any self -insured retentions the Licensor may have; and any other insurance the Licensor <br />does possess shall be considered excess insurance only and shall not be required to contribute with <br />this insurance; and <br />Page 16 of 23 <br />