It shall be the duty of the Controller of the City of Los Angeles, and the Controller is hereby required, to report to the Risk Manager, upon the Risk Manager's request therefor, the financial standing and responsibility of any surety or insurance company that may have offered a bond, contract of indemnity or insurance policy to the City of Los Angeles, and the report shall include the amount of the bond or insurance policy that may be accepted by the City of Los Angeles from each of said companies.
SECTION HISTORY
Based on Ord. No. 84,480.
Amended by: Ord. No. 176,740, Eff. 7-25-05.