At the sole discretion of the Risk Manager, insurance documentation other than the actual policy of insurance may be submitted to the City.
The requirements of this Article shall not apply to bonds accompanying bids or proposals to enter into any contract with the City of Los Angeles or any department, board, officer or employee thereof for the furnishing of supplies, materials or equipment of any kind or nature whatsoever or to any bond posted solely to guarantee that the bidder will enter into the proposed contract if the same be awarded to him.
Notwithstanding the foregoing exemption, however, bonds of the form and kind known as annual bid bonds shall be subject to all of the provisions of this Article.
SECTION HISTORY
Based on Ord. No. 84,480.
Amended by: Ord. No. 84,959; Ord. No. 151,255. Eff. 8-27-78; Title and Section, Ord. No. 176,740, Eff. 7-25-05.