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EXHIBIT B <br />Page 4 of 5 <br />INDEPENDENT CITIES RISK MANAGEMENT AUTHORITY <br />MEMORANDUM OF LIABILITY COVERAGE <br />MEMORANDUM NO. ICRMA2025-2026 <br />Declarations <br />1. COVERED MEMBERS Members of the ICRMA liability program, per Schedule A <br />2. MEMORANDUM PERIOD <br />3. LIMIT OF COVERAGE <br />$35,000,000 per occurrence, as follows: <br />• ICRMA pooled retained limit: <br />From 7-1-2025 to 7-1-2026 <br />12:01 A.M. Pacific Time <br />$2,000,000 (inclusive of the Member retained limit set forth in schedule A) ` <br />• Insured limits: (excess of the ICRMA pooled retained limit): <br />Per Occurrence Limits <br />AlEgregate Limits <br />1 <br />$2M x $2M per occurrences <br />$20M amival pool aggregate limit (except Auto Liability) <br />2 <br />$5M x $4M per occurrence <br />$IOM annual pool aggregate limit for POE03 <br />$ I OM annual pool as e ate limit for EPL <br />3 <br />$4M x $9M per occurrence <br />$8M annual per member aggregate limit (except Auto Liability) <br />4 <br />$2.5M x $13M per occurrence <br />$5M annual per member aggregate limit/ <br />$10M annual pool aggregate limit (except Auto Liability) <br />5 <br />$2.5M x $15.5M per occurrence <br />$10M annual pool aggregate limit (except Auto Liability) <br />6 <br />$2M x $18M per occurrence <br />$8M annual pool aggregate limit <br />7 <br />$5M x $20M per occurrence <br />$5M annual pool aggregate limit <br />8 <br />$5M x $25M per occurrence <br />$5M annual pool aggregate limit <br />9 <br />$5M x $30M per occurrence <br />$5M annual pool aggregate limit <br />In the event ICRMA elects or is obligated to provide coverage, which is not reinsured, the maximum liability limit <br />that ICRMA is obligated to pay is $2,000,000, inclusive of the Member Retained Limit. <br />Documents attached at issuance: Schedule A, and Public Crisis Event Coverages <br />On Behalf of the INDEPENDENT CITIES RISK MANAGEMENT AUTHORITY: <br />.40. <br />u2..le�n I++d rrzmslcncPear <br />Authorized Representative <br />The member retained limits set forth in Schedule A for Downey, Fullerton, Glendora, Hawthorne, Inglewood, and <br />Santa Ana meet or exceed the ICRMA pooled retained limit. As a result, those members do not participate in the <br />ICRMA pooled layer. <br />'- Due to the amount of its member retained limit set forth in Schedule A, Santa Ana only participates in this layer for <br />$1 M of coverage per occurrence. Due to the amount of its member retained limit set forth in Schedule A, Fullerton <br />does not participate in this layer. <br />3 "POEO" refers to Public Officials' Errors and Omissions as that term is defined in Section II — Definitions (26) <br />"EPL" refers to Wrongful Employment Practices as that term is defined in Section lI — Definitions (33). <br />JCRMA — Memorandum of Liability Coverage Page 3 of 37 July 1, 2025 —July 1, 2026 <br />