HomeMy WebLinkAbout1992-01-14; Municipal Water District; Resolution 772I/ 0 0
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, RESOLUTION NO. 772
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
CARLSBAD MUNICIPAL WATER. DISTRICT OF CARLSBAD,
CALIFORNIA, ESTABLISHING STANDARDS FOR REVIEWING INSURANCE AND SURETY BONDS
WHEREAS, the District requires contractors, bl
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obtain various types of insurance or bonds; and 7
subdividers and other persons doing business with the Dis-
surety companies selected by those persons meet certain f: 9
WHEREAS, it is necessary to ensure that the insur
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and performance standards.
NOW, THEREFORE, BE IT RESOLVED by the Board of D:
of the Carlsbad Municipal Water Carlsbad of Carlsbad, Cal.
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1. That the above recitations are true and coy
15 2. That, except as expressly provided by lab
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specifications to the contrary, insurance or surety c
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securing or insuring any obligation or risk under an i
additional insured shall meet the following minimum stand 19
policy or surety bond of which the City is a beneficial
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a. The company shall be authorized to conc business of insurance of a type required transaction in the State of California as e by listing in the official publication Department of Insurance of the State of Cal For liability insurance, the District may surplus line carrier provided the Dist provided with a copy of a surplus line affidavit as shown in Exhibit A attached Any surplus line carrier must meet the limitations included in Paragraph b below.
b. The company shall have a rating in the
available tnBestts Rating Guide" of tlA-vt
and a financial size of $10 million or bet
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28 C. If a company is not listed by the State I
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Commissioner in the official publication Department of Insurance, is not rated by Be: does not possess sufficient years of experic be rated, or if the small size of the insurz surety obligation or other risk factors jus lessor standard, the District General Couns
the District General Manager may approvf
company only if it produces satisfactory e7
that its financial responsibility and perfc
capability within the State of Califorl
sufficient to insure or secure adequate: subject risk or obligation. The District ma; to contract for the services of an in: consultant, at the expense of the person as1 use an insurance company not meeting the st;
listed in Paragraphs 2a and/or 2b above, to 1 financial responsibility and performance cap
analysis and to provide recommendations
District thereon.
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coverages if for "any auto" and cannot be limited in any m 18
scheduled. The automobile insurance certificate must st' 17
owned, leased, non-owned or hired, and whether scheduled 16
performance of the contract whether on-site or off-site, 15
meets the above standards and that covers any vehicle used 14
automobile insurance shall provide a policy from a compa: 13
doing business with the District who are required to
3. Contractors, builders, subdividers and other
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I 1 4. Contractor's, builders, subdividers and
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insurance. A workers' compensation insurance company is exe 3
persons are required to provide proof of workers' compej
the District's requirement for a Best's Rating of A-:V, howe
5 must meet the standards listed in Paragraph 2a above. The D
6 will accept workers' compensation insurance policies writter
7 State Compensation Insurance Fund as meeting this requirem
8 PASSED, APPROVED, AND ADOPTED at a 2-2s meetinc
9 Board of Directors of Carlsbad Municipal Water Distr
s eci 1
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1992, by the following vote, to wit: 11
Carlsbad, California, on the 14th day of January
AYES: Board Members Lewis, Kulchin, Larson, Stanton and
NOES: None
lh 13 11 ABSENT : None 47 1 I ALLf
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15 @A/& LAUDE A. LEWIS, President
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5$>& AW~ IL&~TE
KAREN R. KUNDTZ, A
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- ., 0 e EXHIBI!
CARLSBAD MUNICIPAL WATER DISTRICT
SURPLUS LINE BROKER AFFIDAVIT t Broker Name:
Address :
City/State/Zip:
Date:
Pro j ect Name :
Type of Insurance:
I certify that is the Broker Record for ( "Contractortv) who required to provide insurance under the specifications of the abc contract. I further certify that as Broker of Record f Contractor, I have contacted the insurance companies listed belc
all of whom meet the City's requirements included in Resoluti
No. and all of whom have refused to write the required poli due to the type of risk involved.
I Insurance Carrier:
Name of Contact:
Address :
Date :
Reason for Refusal:
Best I s Rating: Listed by State Insurance Commissioner (Yes/No)
Insurance Carrier:
Name of Contact:
Address:
Date :
I Reason for Refusal:
Best's Rating: Listed by State Insurance Commissioner (Yes/No)
1 ,. ., Insurance Carrier. * a
I Name of Contact:
Address :
Date:
Reason for Refusal:
Best's Rating: Listed by State Insurance Commissioner (Yes/No)
Contractor is requesting that the City accept company who is a surplus line carrier having as A-:V or bet1 rating in the most recent issue of Best's Rating Guide and who 1 an office within the State of California at the following addrc in order to effect service of process.
Name of Surplus Line Carrier:
Address :
I I City/State/Zip:
Address to effect Service of Process within the State California.
Name :
Address:
City/State/Zip:
I certify under penalty of perjury that the foregoing facts
true and correct.
Dated:
Signed : Broker of Record
Signed :
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