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EAST LOS ANGELES CLASSIC THEATRE
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EAST LOS ANGELES CLASSIC THEATRE
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Last modified
4/17/2015 12:54:00 PM
Creation date
9/26/2008 2:51:59 PM
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Contracts
Company Name
EAST LOS ANGELES CLASSIC THEATRE
Contract #
N-2008-127
Agency
PARKS, RECREATION, & COMMUNITY SERVICES
Expiration Date
6/30/2009
Destruction Year
2014
Notes
Auto ins. exp 7/31/09
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<br />To reinforce the intent of both parties, a 'statement of intent' in the underlying contract <br />between the named insured and additional insured addressing which policy is primary <br />and which is excess is suggested so there is no question in the event of a claim. <br /> <br />With regards to the waiver of subrogation the standard ISO CGL policy allows waivers of <br />subrogation is initiated prior to a loss. The policy states this is not permitted if done after <br />a loss. It reads as follows: <br /> <br />8 Transfer of Rights of Recovery Against Others To us <br /> <br />If the insured has rights to recover all or part of any payment we have made under this <br />Coverage Part, those rights are transferred to us. The insured must do nothing after loss to <br />impair them. At our request, the insured will bring "suit" or transfer those rights to us and <br />help us enforce them. <br />
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