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effective date, the Contractor must purchase "extended reporting" coverage <br />for a minimum offive (5) years after completion of work. <br />Verification of Coverage <br />Contractor shall furnish the Entity with original Certificates of Insurance <br />including all required amendatory endorsements (or copies of the applicable policy <br />language effecting coverage required by this clause) and a copy of the Declarations <br />and Endorsement Page of the CGL policy listing all policy endorsements to Entity <br />before work begins. However, failure to obtain the required documents prior to the <br />work beginning shall not waive the Contractor's obligation to provide them. <br />The Entity reserves the right to require complete, certified copies of all required <br />insurance policies, including endorsements required by these specifications, at any <br />time. <br />Speciat Risks or Circumstances <br />Entity reserves the right to modify these requirements, including limits, based <br />on the nature of the risk, prior experience, insurer, coverage, or other special <br />circumstances. <br />IX, <br />CORPORATE STATUS <br />CONTRACTOR shall be in good standing, without suspension by the California <br />Secretary of State, Franchise Tax Board or Internal Revenue Service. Any change in corporate <br />status or suspension shall be reported immediately to CITY. <br />X. <br />ASSIGNABILITY <br />None of the duties of, or work to be performed by, CONTRACTOR. under this Agreement <br />shall be subcontracted or assigned to any agency, consultant, or person without the prior written <br />consent of CITY. CONTRACTOR must submit all subcontracts and other agreements that relate <br />to this Agreement to CITY. If receiving WIOA funds, CONTRACTOR acknowledges and agrees <br />that it must follow procurement regulations for contractors (2 CFR 200.317), No subcontract or <br />assignment shall terminate or alter the legal obligations of CONTRACTOR pursuant to this <br />Agreement. <br />XI. <br />LAWS GOVERNING THIS AGREEMENT <br />A. In its performance under this Agreement, CONTRACTOR. shall fully comply with <br />the requirements of the following, whether or not otherwise referred to in this Agreement: <br />Page 14 of 19 <br />