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.)