CHAPTER 4
RISK MANAGEMENT

SECTION:

3-4-1: Risk Management Program

3-4-2: Insurance

3-4-3: Indemnification

3-4-4: Bonds

3-4-5: Risk Management Rules And Regulations

3-4-1: RISK MANAGEMENT PROGRAM:

There is established a risk management program under the supervision of a risk manager to coordinate risk management functions and facilitate implementation of appropriate administrative procedures. (1962 Code §§ 2-6.405, 5-8, 7-4, 9-3.1200 et seq.)

3-4-2: INSURANCE:

Insurance required under the provisions of this code shall be governed by the following requirements:

   A.   Each certificate of insurance shall require approval by the city attorney and risk manager;

   B.   Insurance furnished must contain a condition that it cannot be modified or cancelled without at least thirty (30) days' written notice to the city;

   C.   Any insurer shall be authorized to do business in California, and have a minimum A.M. Best and Company rating of B+:VII;

   D.   The rules and regulations issued under section 3-4-5 of this chapter. (1962 Code §§ 2-6.405, 5-8, 7-4, 9-3.1200 et seq.)

3-4-3: INDEMNIFICATION:

When insurance is required under any provisions of this code, except under section 2-5-303 of this code, the insured shall be obligated to indemnify the city for any damage or injury caused to the city as a result of the conduct or activity requiring insurance. The form of indemnification shall conform to the rules and regulations issued pursuant to section 3-4-5 of this chapter. (1962 Code §§ 2-6.405, 5-8, 7-4, 9-3.1200 et seq.)

3-4-4: BONDS:

Bonds required under the provisions of this code shall comply, with the following requirements:

   A.   Each bond shall require approval by the city attorney and risk manager.

   B.   Bonds shall comply with the rules and regulations issued under section 3-4-5 of this chapter. (1962 Code §§ 2-6.405, 5-8, 7-4, 9-3.1200 et seq.)

3-4-5: RISK MANAGEMENT RULES AND REGULATIONS:

The risk manager, subject to approval by the city manager and the director of human services, shall adopt rules and regulations consistent with the provisions of this chapter, for implementation of a city risk management program, including provisions governing insurance and indemnification and bonding requirements. (1962 Code §§ 2-6.405, 5-8, 7-4, 9-3.1200 et seq.)