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.)
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