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Executive Director prior to and as an Ageney's Condition Precedent and maintained as required <br />herein); <br />(c) Provide a combined single limit of broad forin commercial general <br />liability insurance in the amount of Two Million Dollars 2,000,000 per occurrence, which will <br />be considered equivalent to the required minimum. limits, and such insurance shall i be Britten <br />on an oceUtTence form, (ii) be written with a primary policy form with limits of not less than <br />1,000,000 per occurrence; ce; (iii) be written with ore or more excess layers to bring the total of <br />primary and excess coverage limits to not less than $2,000,000 per occurrence, v not be <br />written with a deductible greater than $25,000 per occurrence, contain a waiver of <br />ibrog Lion in favor of the Agenc y; <br />(d) provide primary autornobile liability insurance for owned, <br />non-owned, and hired vehicles, as applicable to, or for any use related to, the Project, in an <br />amount not less than One Million Dollars ($1,000,000) combined single limit, with excess <br />insurance coverage to bring the total amount of automobile liability insurance coverage to an <br />anno ant not less than Two Million Dollars ($2,000,0 00) per accident for bodily injury and <br />proper. y damage; <br />(e) Bear an endorsement or shall have attached a rider providing that <br />Agency shall be notified not less than thirty 3 days before any expiration, cancellation, or <br />non-renewal of such policy or policies, and shall be notified not less than tern (1 0) days after an <br />event of nonpayment of premium; and <br />(f) Developer shall also file with Agency the following signe d <br />certification: <br />"I err aware of, and will comply with, Section 3700 of the <br />Labor Code, requiring every employer to be insured against <br />liability of Workers' Compensation on to undertake self= -insurance <br />before commencing any of the Nvork." <br />Developer shall comply with Sections 3700 and 3800 of the Labor Code by <br />securing, paying for and maintaining in fill force and effect from and after file Closing, and <br />continuing for the duration of the Affordability period, complete or rs' compensation <br />sation <br />insurance, to statutory limits, with employers liability limits not less than One Million Dollars <br />($1,000,000) per occurrence, and shall furnish a Certificate of Insurance to the Agency before <br />file commencement t of construction. All Additional Insureds shall. not be responsible for any <br />claims its law or equity occasioned by the failure of the Developer to comply with this <br />Section 306.1 . Every workers' compensation insurance polio shall bear an endorsement or shall <br />have attached a rider providing that, in the event of expiration or proposed cancellation of such <br />polio for any reason whatsoever, the Agency shall be notified, giving the Developer a sufficient <br />time to comply with applicable law, but in no evert less than thirty days before such <br />expiration, cancellation, or reduction in coverage is effective or ten (1 0) days in the event of <br />nonpayment ment of premium. <br />o /i 400673 0 31200272 - 1 <br />