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<br />. <br /> <br />. <br /> <br />1 Agreement. It is the ob 1 i gat i on of CONTRACTOR to provi de notice of the <br />2 insurance requirements to every subcontractor, and to receive proof of <br />3 insurance pri or to all owi ng any subcontractor to begi n work. Such proof of <br />4 insurance must be mai ntai ned by CONTRACTOR through the enti rety of thi s <br />5 Agreement for inspection by County representative(s) at any reasonable time. <br />6 12.4 All insurance policies required by this Agreement shall declare <br />7 any deductible or self-insured retention (SIR) in an amount in excess of <br />8 $25,000 ($5,000 for automobile liability), which shall specifically be <br />9 approved by the County Executive Offi ce (CEO) IOffi ce of Ri sk Management. <br />10 CONTRACTOR sha 11 be responsi b 1 e for rei mbursement of any deducti b 1 e to the <br />11 insurer. Any self-insured retentions (SIRs) or deductibles shall be clearly <br />12 stated on the Certificate of Insurance. <br />13 12.5 If CONTRACTOR fails to maintain insurance acceptable to COUNTY for <br />14 the full term of this Agreement, COUNTY may terminate this Agreement. <br />15 12.6 The policy or policies of insurance required herein must be issued <br />16 by an insurer licensed to do business in the State of California (California <br />17 Admitted Carrier). If the insurer is not licensed to do business in the State <br />18 of California, ADMINISTRATOR retains the right to approve or reject the <br />19 insurer after a review of the insurer's performance and financial ratings by <br />20 the County Executive Office (CEO)/Office of Risk Management. <br />21 12.7 The policy or policies of insurance required herein must be issued <br />22 by an insurer with a minimum rating of "A- (Secure Best's Rating)" and a <br />23 minimum financial rating of "VIII (Financial Size Category)," as determined by <br />24 the most current edi t i on of the Best's Key Rati ng Gui de/Property- <br />25 Casualty/United States or by going on-line to "ambest.com." <br />26 12.8 The policy or polices of insurance maintained by CONTRACTOR shall <br />27 provide the minimum limits and coverage as set forth below: <br />28 I I I <br /> <br />(WBC04061 <br /> <br />18 of 37 <br /> <br />(4/19/20061 <br />