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HomeMy WebLinkAboutC-1708 - Excess umbrella insurance coverageS.F. FORM JAI LOST POLICY CERTIFICATE AND RELEASE GATED ATTPCNEO TO POLICY NO. NAM. OF INSV RA...... PANY 7/23/75 FAR,.: "I "O 2255- UO28604 Chicago Insurance Co. FORM 347 (April 1964) ISSUED TO City of Newport Beach .IL = °°Resin wceNCr AY slc"Eo Newport beach, California Milum /Garvey Insurance Brokers, Inc. r PropertyCovered...._ ............................ .............. _ .... _ .... -... .................. _.._ .... ...... .............. _ ........... ............ .................. ............ .................. ... .v--- Proierty Located ..... ..... .............. Umbrella Liability _Insurance COMMENCEMENT EXPIRATION EFFECTIVE DATE HOW AMOUNT OF RATE RETURN OF POLICY OF POLICY OF CANCELLATION CANC. INSURANCE PREMIUM PR ❑ 5/27/75 5/27/76 6/25/75 SR ❑ . FLAT ❑ In consideration of return premium to be paid as provided in the above policy, the undersigned hereby surrenders all rights under said policy, declares the same to be null and void from the effective date of cancellation set forth above, and releases said Insurer from any and all liability thereunder. The undersigned hereby certifies that the policy is lost and cannot, after diligent search, be found; and agrees that in the event it is found, the undersigned will forthwith return it to the Insurer. The undersigned further certifies that he has not assigned or trans- ferred said policy or any rights thereunder to any party not named in this certificate. Dated.... X ..................... ..... .. ... ..... ........... ................................................ ..J1 ....:/ ..... R. D. ,jAj..- Citi.- -_Clerk.-_ .. i.,: _ .................................. ....... ........... :.. ....... ...... ............................... .. CITY OF NEW T BEACH ....... . .............- ............. ............ .......... _.__ ........................... _ All claim under the above policy is hereby waived. 347 April 1964 CHICAGO, ILLINOIS BRANCH 8/A PRODUCER NUMB CHICAGO INSURANCE C ANY o7 B H 7760-7 ER NU DECLARATIONS POLICY NUMBER 2 255 -U Named Jniured •City of Newport Beach ADDRESS:• 3300 Newport Blvd„ Town, county & stater Newport Beach, CA 92660 Period: Or THE NAMED IDW STANDARD TIME AT AS STATED HEREIrypDORE55 From:. May 2� _ 5 To �_ — 12:01 AM © Agent or Broker Hull and Co, Inc, 12:00 NOON ❑ OfficeAddress - 1450 E. 17th St., Town and State. Santa Ana, CA 92711 Description and Location of property covered: COVERAGE OR CONDITIONS Umbrella Liability DATE OF ISSUE 5/15/75 mr /mm RENEWING New TERM 1 YR(S) I ■ MILUM/GARVEY Worldwide Insurance brokers Inc, phone (714) 549 -9952 3720 CAMPUS DRIVE NEWPORT BEACH, CALIFORNIA 92660 set to all of the terms of this policy having reference thereto. _ AMOUNT OF INSURANCE PREMIUM As per Form $43,000.00 PVT. Forms Attached: — IFC CIC 55 -15; IFC CIC 83 -17; IFC CIC 83 -18; Ends 1,2,3,4,5 No similar insurance has been canceled by any insurance carrier during the past year — except: This policy is made and accepted subject to the foregoing provisions and stipulations and those hereinafter stated, which are hereby made a part of this policy, together with such other provisions, stipulations and agreements as may be added hereto, as provided in this policy. a ' Countersigned by ` Authorized Representative U243 (Revised 10)68) Printed 8/73 NCAGO INSURANCE COMPANY* CHICAGO, ILLINOIS IA stock insurance company, herein called the Company) Agrees with the Named Insured in consideration of the payment of the premium and in reliance upon the statements herein made and subject to the limits of liability, exclusions, conditions and other terms of this policy: CONDITIONS Exclusions: Notwithstanding anything to the contrary contained herein this policy, or any endorsements, amendments or attachments hereto, shall not cover loss or damage directly or indirectly occasioned by, happening through or in consequence of war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, military or usurped power or confiscation or nationaliza- tion or requisition or destruction of or damage to property by or under the order of any government or public or local authority. Notification of Claims: The Insured upon knowledge of any accident or occurrence likely to give rise to a claim hereunder shall give written notice to the Company or its nearest authorized representative as soon as practicable. Any provisions or conditions appearing in any forms attached hereto and made a part hereof, which conflict with or alter the policy pro- visions stated above, shall supersede the provisions appearing hereon, insofar as the latter are inconsistent with the provisions appearing in such attached forms. Valuation, Payment, Replacement, Recoveries: The Company shall in no case be liable for more than the actual cash value of the lost, destroyed or damaged property at the close of business on the business day next preceding the day on which the loss was discovered, nor for more than the actual cost of repairing or replacing such property. The Company may repair any damage or replace any lost, destroyed or dam- aged property with property of like quality and value or pay for the same in money as the Company may elect. Other Insurance: If the Insured has other insurance against a loss covered by this policy the Company shall not be liable under this policy for a greater proportion of such loss than the applicable limit of liability stated in the declarations bears to the total applicable limit of liability of all valid and collectible insurance against such loss. Fraudulent Claims: If the Insured shall make any claim under this policy, knowing the claim to be false or fraudulent, as regards amount or otherwise, this policy shall become void, and all claims hereunder shall be forfeited. Assignment: Assignment of interest under this policy shall not bind the Company until its consent is endorsed hereon; if, however, the Named Insured shall die or be adjudged bankrupt or insolvent within the policy period, this policy, unless cancelled, shall, if written notice be given to the Company within sixty days after the date of such death or adjudication, cover the Named Insured's legal representative as the Named Insured. Bankruptcy of Insured: Bankruptcy or Insolvency of the Insured or of the Insured's estate shall not relieve the Company of any of its obligations hereunder. Cancellation: (Applicable if policy is written on flat premium basis). This policy may be cancelled at any time by the Insured on the basis of the Company's short rate table, by written notice or by surrender of the policy to the Company. This policy may also be cancelled, with or without the return ar tender of the unearned premium, by the Company by delivering to the Insured or by mailing to the Insured, by registered or unregistered mail, at the Insured's address as shown herein, written notice, stating when, not later than ten days thereafter, the cancellation shall be effective, and in such case the Company shall refund the paid premium, less the earned portion thereof. In the event premium refund is not made at the time cancellation is effected, it shall be made as soon thereafter as practicable. The mailing of notice by the Company shall be sufficient proof of notice and this policy shall terminate at the date and hour specified in such notice. Cancellation: (Applicable if policy is written on adjustable premium basis). This policy may be cancelled at any time by the Insured by written notice or by surrender of the policy to the Company. This policy may also be cancelled, with or without the return or tender of the unearned premium, by the Company by delivering to the Insured or by mailing to the Insured, by registered or unregistered mail. at the Insured's address as shown herein, written notice stating when, not later than ten days thereafter, the cancellation shall be effective. The mailing of notice by the Company shall be sufficient proof of notice and this policy shall terminate at the date and hour specified in such notice. If cancelled by the Insured, the Company shall retain the earned premium as calculated on the adjustable basis contained herein, or short rate premium, calculated according to the Company's short rate table, on the minimum premium stipulated herein. whichever is the greater. If cancelled by the Company, the Company shall retain the earned premium as calculated on the adjustable basis contained herein or pro rata of the minimum premium, which- ever is the greater. In the event premium refund is not made at the time cancellation is effected, it shall be made as soon thereafter as practicable. In Witness Whereof, the Company has caused this policy to be executed and attested, but this policy shall not be valid unless countersigned by a duly authorized representative of the Company. �Vl , Secretary President 0 a ^' _ •.• � __ "oow"�"- v� =�"o .o.om m mo�mm ma aww ......,- _�-_•- o�w.omivm�'- � >o °m,.�e:n ��wo.. �nom..�.omivmi..v�.+om..+_.o.i.s w.- e.�`nu - �?° _ 3om !l . ............................... o---- -- -- -sum d _ - _ - - m As w=3'- B 2E 03 - - °33 - - a _- 033 v °^ W mm�mmaww- am---- --- omm- mmcwv- omm- vmm>wro.- omm�mmaw 3�� m r ENDORSEMENT NO. WATERCRAFT LIABILITY - FOLLOWING FORM This policy shall not apply with respect to the ownership, maintenance, operation, use or load.iq%pr unloading of any water- craft except insofar as coverage..vallable to the insured in the underlying insurance, . . NI other Berms and conditions remain unchanged. El INTERSTATE FIRE & CASUALTY COMPANY Attached'to and forming part of No. 2 -255 -U 028604 © CHICAGO INSURANCE COMPANY Issued sa City of Newport Beach Etlecsi �-- May 27, 1975 Ay" . ve - - fa�ireu UPVu ENDORSEMENT NO. 4 MANDATORY EXCLUSIONS It is agreed that: A. As respects all operations, this policy does not apply to liability for: 1. The discharge, dispersal, release or escape of smoke, vapors, soot, fumes, acids, alkalis, toxic chemicals, solids, liquids or gases, waste materials, or other irritants, contaminants or pollutants into or upon land, the atmosphere or any watercourse or body of water unless such discharge, dispersal, release or escape is sudden or accidental. 2. Fines, penalties, punitive or exemplary damages. B. As respects oil o.r other petroleum operations over water, this policy does not apply to liability for: 1. Personal Injury or Bodily Injury or loss of, damage to, or loss or use of property directly or indirectly caused by seepage, pollution or contamination. 2. The cost of removing, nullifying or cleaning -up seeping, polluting or contaminat- ing substances. 3. Loss of, damage to, or loss of use of property directly or indirectly resulting from subsidence caused by subsurface operations of the Insured. 4. Removal of, loss of or damage to subsurface oil, gas or any other substance, the property of others. C. As respects oil or other petroleum operations on land only, this policy does not apply to liability for; 1. Removal of, loss of or damage to subsurface oil, gas or any other substance, the property of others, provided always that this paragraph (cl) shall not apply to any liability which would otherwise be covered under this Insurance for such removal, loss, or damage directly attributable to blow -out, cratering or fire of an oil or gas well owned or operted by, or under the control of, the Insured. 2. Loss of, damage to, or loss or use of property directly or indirectly resulting from subsidence caused by subsurface operations of the Insured. 3. Personal Injury or Bodily Injury or loss or, damage to, or loss or use of prop- erty directly or indirectly caused by seepage, pollution or contamination re- sulting from the discharge, dispersal or release, or escape of any substance into or upon any watercourse or body of water. 4, Personal Injury or Bodily Injury or loss of, damage to, or loss or use of prop- All other terms and conditions remain unchanged. (Continued) Attached to and forming part of shaded Area To Be Completed only If Effective After Inception 0ste dli Pel16y, Issued to Effective � W078 -A -42 (8/73) 0 0 ENDORSEMENTNO. 4 (Continued) MANDATORY EXCLUSIONS Page Two erty directly or indirectly saused by seepage, pollution or contamination other than as described in Paragraph 03) above, provided always that this Paragraph (0) shall not apply to liability for Personal Injury or Bodily Injury or loss of or physical damage to or destruction of tangible property, or loss of use — of such property damaged or destroyed where such seepage, pollution or contam- ination is caused by sudden, unintended and unexpected happening during the period of this Insurance. 5. The cost of removing, nullifying or cleaning -up seeping, polluting or contaminat- ing substances unless the seepage, pollution or contamination is caused by a sudden, unintended and unexpected happening during the period of this Insurance. This Clause shall not extend this Insurance to cover any liability which would not have been covered under this Insurance had this Clause not been attached. All other terms and conditions remain unchanged. Attached to and forming part of No. 2 -255 —U 0286o4 Shaded Area To Be Completed Only If Effective After Inception Date Of Policy I$sued to Effective W078 -A -42 (8/73) CHICAGO INSURANCE COMPANY 0 ENDORSEMENT NO. • I EXCLUSION OF VOLUNTEER FIREMEN It is understood and agrt Ahe coverage as is provided by thi>r.... policy excludes any liability for volunteer firemen while aet.* within their scope as such. All other terms and conditions remain unchanged. Allached'lo and forming part of No. 2 -255 -U 028604 ❑ INTERSTATE FIRE & CASUALTY COMPANY CHICAGO INSURANCE COMPANY h,,,ea to City of Newport Beach Mai. May 27, 1975 0 0 ENDORSEMENT NO. 2 MALPRACTICE EXCLUSION It is understood and agreed that the coverage as is provided by this policy- does not apply to Bodily Injury or Property Damage due to; 1. The rendering of or failure to render (a) Medical, surgical, dental, x -ray or nursing service or treatment, or the furnishing of food or beverage in connection therewith; (b) Any service or treatment conducive to health or of a professional nature; or (c) Any cosmetic or tonsorial service or treatment; 2. The furnishing or dispensing of drugs or medical, dental or surgical supplies or appliances; or 3. The handling of or performing of autopsies on dead bodies. All other terms and conditions remain unchanged. o Attached to and forming part of No. 2 -255 -U 028604 $bdoec Area To Be Completer! Only If Effective ATOM f ncapt{on"Data Of pGpci ISS"d to Effective W078 -A -62 (8/73) CHICAGO INSURANCE COMPANY ENDORSEMENT NO. 1 MUNICIPALITY ENDORSEMENT A. It is agreed that this policy shal.l not apply to any liability for personal injury or property damage arising out of: 1) any riot, riot attending a strike, civil commotion, civil disturbance, protest or demonstration or out of any act or condition incident to the prevention or suppression of any of the foregoing; 2) complete or partial failure to supply (provide) water, electricity or gas; 3) the ownership, mairtenance, use or operation of airfields, runways, hangars, buildings or other properties in connection with aviation activities of airports; 4) (a) any claims for loss or damage or any liability of any and all assureds arising out of or in any way connected with the operation of the principles of eminent domain, condemnation proceedings, or inverse condemnation by whatever name called regardless of whether such claims are made directly against the assured or by virtue of any agreement entered into by or on behalf of the assured. (b) with respect to any provision in this policy concerning any duty of under- writers to investigate or defend claims such provisions shall not apply to claims excluded by paragraph (a) above. B. It is further agreed that this policy shall not apply to any liability for: 1) property damage to property (a) owned or occupied by or rented to the insured (b) used by the insured, or (c) in the care, custody or control of the insured or as to which the insured is for any purpose exercising physical control; 2) property damage arising out of (a) the explosion hazard (b) the collapse hazard, or (c) the underground property damage hazard as defined in the underlying insurance policies; 3) personal injury arising outof (a) false arrest, false imprisonment, wrongful eviction, wrongful entry, wrongful detention or malicious prosecution, or (b) libel, slander, defamation of character, humiliation, or invasion of the rights of privacy; 4) to any claim for Breach of Duty made against the Insured by reason of any negligent act, error or omission; unless such liability is covered by valid and collectible underlying insurance as described in the schedule of underlying insurance, and then only for such hazards for which coverage is afforded under said underlying insurance. However, this policy All other terms and conditions remain unchanged. O (Continued) Attached to and forming part of No. 2 -25,4 11 20604 Shaded Area To Be Completad Only 1! Etfottive ARer`tnpepti ©n"Dete Of ROttty' Issued to- --CITY O F NEIdPORT BEACH - Efiective_ W078 -A -42 (8/73) ENDORSEMENT NO. 1 (Continued) Page Two MUNICIPALITY ENDORSEMENT does not cover any damage to or destruction of any aircraft or watercraft in the insureds care, custody or control or as to which the insured is for any purpose excercising physical control. All other terms and conditions remain unchanged. CC Attached to and forming part Of No. 2 -255 -U 028604 if aded'Area To Be Completed Only If Effetllee After InceptiOn Date Of polity ssued t0_ ffeCUye " W078 -A -42 (8/73) CHICAGO INSURANCE COMPANY 0 0 UMBRELLA LIABILITY SCHEDULE ATTACHED TO POLICY NUMBER 2 -255 -U 028604 OF THE Chicago Insurance Company Item 1. Named Insured: City of Newport Beach Item 2. Policy Period: From May 27 1975 to May 1976 (12:01) Standard Time at the address of the named insured stated herein.) Item. 3. Limit of Liability: The limit of the company's liability shall be as stated herein. subject to all the terms of this policy having reference thereto. THE DIFFERENCE BETWEEN (a) S 5,000,000,00 single limit any one occurrence combined personal injury and or property damage, and or advertising liability. (b) $ 5,000400.00 in the aggregate for each annual period where aggregate limit is applicable. xxxxxxxwodc AND (1) the amount recoverable under underly- (2) ,$ 10,000-00 ultimate net loss in respect of each inginsuranc:e as set out in Item 4, or occurence not covered by said underlying insurance. AND Item 4. Underlying insurance: AS FOLLOWS Number and Type of Policy Limits or amount of insurance Type of coverage Policy Number Insurer Policy Period in thousands (000 omitted) Comprehensive General Liability including Occ BI and PD, Blanket Contractual, Personal Injury, Products/ Completed Operations Automobile Liability Errors & Omissions Employers Liability Imperial Ins, Co. Imperial Insurance Co. Imperial Insurance Co. B.I. 300/300,000 P.D. 100 /100,000 B.I. 100/300,000 P.D. 100,000 50/150,000 Unlimited (California) $100,000 all other States Item 5. 'TOTAL PREMIUM $43,000.00 PREMIUM BASIS (if other than flat premium) A e- - Authorized Represents live IFC— CIC -83-18 ;,2/64) PROFEONAL LIABILITY EXTENSION END(EMENT In consideration of the premium charged, it is understood and agreed that such insurance as is afforded by the policy also applies - to damages resulting from any claim made against the insured arising out of the performance of professional services for others in the named insured's capacity as specified below and caused by any negligent act, error or omission of the named insured or of any person employed by the named insured, or of any other person for whose acts the named insured is legally liable. Further, it is agreed that with respect to professional liability of the named insured arising out of the performance of professional services for others in the named insured's capacity as specified below, that this policy shall not apply to any claim for loss or expense for which insurance is not afforded by the underlying professional liability policy listed in the Schedule of underlying insurance, or by any renewals or replacements thereof. Insured's Professional Capacity: Mun i c i pa 1 i ty It is further agreed that paragraph (b) of Insuring Agreement II is amended to read as follows: (b) the amount stated in Item 3, sub - paragraph (2) of the schedule in respect of each occurrence not covered by said underlying insurances, and then only up to a further sum as stated in Item 3, sub - paragraph (a) of the schedule in all in respect of each occurrence -- subject to a limit as stated in Item 3, sub - paragraph (b) of the schedule in the aggregate for each annual period during the currency of this policy, separately in respect of (1) products liability, (2) personal injury (fatal or non - fatal) by occupational disease sustained by any employees of the insured, and (3) professional liability. Attached to and forming part of No. 2-255-U 025604 O INTERSTATE FIRE & CASUALTY COMPANY Issued to City of Newport Beach —& CHICAGO INSURANCE COMPANY `°T / Effective May 27, 1975 By UY -_ __.- IFC-CIC -55 -15 (Rev. 10/74) VBRELLA LIABILITY ENDORSEMENT* _ This endorsement, effective May 27, j i7S . forms a part of policy No. 2-2515-11 028604 Issued to City Of Newport BeaCh , the named insured y unlcago Insurance Company _ __hereinafter called the Company Does hereby agree with the insured, named in the schedule made a part hereof, in consideration of the payment of the premium and in reliance upon the statements in the schedule and subject to the limits of liability, exclusions, conditions and other terms of this policy, as follows: INSURING AGREEMENTS I. COVERAGE: To indemnify the insured for all sums which the insured shall be obligated to pay by reason of the liability. (a) imposed upon the insured by law, or (b) assumed under contract or agreement by the named insured and /or any officer, director, stockholder, partner or employee of the named insured, while acting in his capacity as such, for damages, direct or consequential and expenses, all as more fully defined by the term "ultimate net lass" on account of: (1) personal injuries, including death at any time resulting therefrom, (2) property damage, and (3) advertising liability, caused by or arising out of each occurrence happening anywhere in the world. IL LIMIT OF LIABILITY: The company shall only be liable for the ultimate net loss in excess of either: (a) the amount recoverable under underlying insurances as set out in the declarations or attached schedule, or (b) the amount stated in item 3, sub paragraph (2) of the schedule in respect of each occurrence not covered by said underlying insurances, and then only up to a further sum as stated in item 3, sub - paragraph (a) of the schedule in all in respect of each occurrence_aubject to a limit as stated in item 3, sub - paragraph (b) of the schedule in the aggregate for each annual period during the currency of this policy, separately in respect of (1) products liability, and (2) personal injury .(fatal or non -fatal) by occupational disease sustained by any em- ployees of the insured. In the event of reduction or exhaustion of the aggregate limits of liability under said underlying insurances by reason of losses paid hereunder, this policy shall (1) in the event of reduction pay the excess of the reduced underlying limit, and (2) in the event of exhaustion, continue in force as underlying insurance. The inclusion or addition hereunder of more than one insured shall not operate to increase the company's limit of liability. III. DEFENSE; SETTLEMENT: With respect to personal injury or property damage occurring after the exhaustion of any aggregate limit of underlying insurance, the company shall defend any suit brought within the United States of America, its territories or possessions, or Canada, seeking damages because of such personal injury or property damage which are payable under this policy, but the company may make such investigation and settlement of any claim or suit as it deems expedient. TV. POLICY PERIOD, TERRITORY: This policy applies only to occurrences during the policy period anywhere in the world, except that, with respect to advertising liability, if any such occurrence began prior to the policy period and continues after that period, the company's liability shall be limited to that proportion of the total damages resulting therefrom which the use of injurious material or the number of injurious acts during that period bears to the aggregate use of injurious material or the total number of injurious acts. DEFINITIONS 1. NAMED INSURED and INSURED: "Named insured," wherever used, includes any subsidiary company of the named insured and any other company where the named insured has the majority financial control. The unqualified word "insured," wherever used in this policy, includes not only the named insured but also (a) any officer, director, stockholder, partner or employee of the named insured, while acting in his rapacity as such, and any organization or proprietor with respect to real estate management for the named insured; (b) any person, organization, trustee or estate to whom the named insured is obligated by virtue of a written contract or agreement to pro- vide insurance such as is afforded by this policy, but only in respect of operations by or on behalf of the named insured or of facilities of the named insured or used by them; (c) any interest covered as an additional insured under the underlying insurances but only with respect to the insurance that is afforded such additional insured under said underlying insurances; (d) with respect to any automobile owned by the named insured or hired for use in behalf of the named insured, or to any aircraft hired for use in behalf of the named insured, any person while using such automobile or aircraft and any person or organization legally respon- sible for the use thereof, provided the actual use of the automobile or aircraft is with the permission of the named insured. The insurance extended by this sub- division (d) with respect to any person or organization other than the named insured, shall not apply (1) to any person or organization, or to any agent or employee thereof, operating an automobile repair shop, public garage, sales agency, service station, or public parking place, with respect to any occurrence arising out of the operation thereof; (2) to any manufacturer of aircraft, engines, or aviation accessories, or any aviation sales or service or repair organization or airport or hanger operator or their respective employees or agents with respect to any occurrence arising out of the operation thereof; (3) with respect to any hired automobile or aircraft, to the owner thereof or any employee of such owner. This sub- division (d) shall not apply if it restricts the insurance granted under sub- division (c) above. 2. PERSONAL. INJURIES: The term "personal injuries" wherever used herein means bodily injury, mental injury, mental anguish, shock, sickness, disease, disability, false arrest, false imprisonment, wrongful eviction, detention, malicious preservtion, discrimination, humiliation; also libel, slander or defamation of character or invasion of rights of privacy, except that which arises out of any advertising activities. 3. PROPERTY DAMAGE:: The term "property damage" means physical injury to or destruction of tangible properly (other than property owned by the named insured). 4. ADVERTISING LIABILITY: The term "advertising liability" wherever used herein shall mean (a) libel, slander or defamation; (b) any infringement of copyright or of title or of slogan; (c) piracy or unfair competition or idea misappropriation under an implied contract, and (d) any invasion of right of privacy committed or alleged to have been committed in any advertisement, publicity article, broadcast or telecast and arising out of the insured's advertising activities. b. OCCURRENCE: The term -occurrence" wherever used herein shall mean an accident or a happening or event or a continuous or repeated exposure to conditions which unexpectedly and unintentionally results in personal injury, property damage or advertising liability during the policy period. All such exposure to substantially the same general conditions existing at or emanating from one premises location shall be deemed one occurrence. With respect to advertising liability, all damages involving the same injurious material or act, regardless of the frequency or repetition thereof, the number or kind of media used, and the number of claimants shall be deemed to arise out of one "occurrence." 6. ULTIMATE NET LOSS: The term "ultimate net loss" shall mean the total sum which the insured, or any company as his insurer, or both, become obligated to pay by reason of personal injury claims or properly damage claims or advertising liability claims, either through adjudication or compromise, and shall also include hospital medical and funeral charges and all sums paid as salaries, wages, compensation, fees, charges and law costs, premiums on attachment or appeal bonds, interest, expenses for doctors, lawyers, nurses, and investigators and other persons, and for litigation, settlement, adjustment and investigation of claims and suits which are paid ag a consequence of any occur- rence covered hereunder, excluding only the salaries of the insured's or of any underlying insurer's permanent employees. The company shall not be liable for expenses as aforesaid when such expenses are included in other valid and collectible insurance. 7. AUTOMOBILE: The term "automobile" wherever used herein, shall mean a land motor vehicle, trailer or semi - trailer. 3. AIRCRAFT: The term "aircraft" wherever used herein, shall mean any heavier than air or lighter than air aircraft designed to transport persons or property. 9. PRODUCTS LIABILITY: The term "produres liability" means liability arising out of: (a) the handling or use of, the existence of any condition in or a warranty of goods or products (including any container thereof, other than a vehicle) manufactured, sold, handled or distributed by the named insured or by others trading under its name, other than equipment rented to or located for use of others but not sold, if the personal injury or properly damage occurs after the named insured has relin- quished possession thereof to others, or (b) operations, including operations performed on behalf of the named insured, if the personal injury or properly damage occurs after such operations have been completed or abandoned and away from premises owned, rented or controlled by the named insured; provided that operations which may require further service or maintenance work, or correction because improperly or defectively performed, but which are otherwise complete, shall be deemed completed; and provided further, that the following shall not be deemed to be "operations" within the meaning of this paragraph: (L) pick -up and delivery, except from or onto a railroad car, (2) the maintenance of vehicles owned or used by or on behalf of the insured or (3) the existence of tools, uninsudled equipment and abandoned or unused equipment. 10. ANNUAL PERIOD: The term "each annual period" shall mean each consecutive period of one year commencing from the inception date of this policy. THIS POLICY IS SUBJECT TO THE FOLLOWING EXCLUSIONS: This policy shall not apply: — (a) to any obligation for which the insured or any company as its insurer may he held liable under any workmen's compensation, unem- ployment compensation or disability benefits law provided, however, that this exclusion does not apply to liability of others assumed by the named insured under contract or agreement; (b) to claims made against the insured (1) for repairing or replacing any defective product or products manufactured, sold or supplied by the insured or any defective part or parts thereof nor for the cost of such repair or replacement, (2) for the loss of use of any such defective product or products or part or parts thereof; (3) for improper or inadequate performance, design or specification; but nothing herein contained shall be construed to exclude claims made against the insured for personal injuries or properly damage (other than damage to the productof the insured) resulting from improper or inadequate performance, design or specification; luapisaad • • / / / ant eluasaada axuoy n 'Au11dwoa ay; in nnrle)Ta6aadaa 10 1aOTo pazpogjne Apnp e Aq pau8weaa)wwo limn Auedwoa ay; no eu?p .q aq lou pays awes ay) ;nq 'Aargaaaag pue luapcsaarj gar Aq pau8?s aq o; Aagod aryl pasnw sey Auedwoa ay7 'IOaaaym ssauf!m u; 'uoq!puoa plan ay; fi)tm pagdwoa paansm aril Puri uaaq anay p ?nom Aayl an ;ua)xa awes ay; of algtig aq Aluo pays Auedwoa ay) 'wnl!eI yane ;o Jnana ay; w lnq Aagod still aJepgenw IOU llgys euioHaao; ay; ql!m Afdmoa 01 pamsur ay) ;o aanitea 'Aa!lod still in pound aril emmp BUT - aanaao scau uinaao 10 /pue sluapwoa, ;o Jaadeaa ur sw!elo in luamAed Aq Alapos waaatil pau?elnoa %j!w!I ao Iraq aleNwHHe aril Io nor anpal Aue ao; ldaaxa Aagod e?ql ;o Aaue.una ay) 8uunp laapa pn; u! pauwlulew aq pays , Feamungul 2wAlaapull Io aInp9gjS„ payaal)e ao smog - gleloap aril of of paaaa;aa ea?apod ao Aallod aril lefil Aa!pod still ;o Top ipuoa ti of 1I ;S3DNtlNRSNI ONIA-INHQNfI '10 , qDNV N3.LNItlW '8 'a)np ile yane ql!m pa!ldwoo It it an ;aaya awes aril y3tm pamgu! aril Aq alg9aaao ;ua aq lleys Aagod still until ' ;oalayl alnlalg Aug y1?m aaue!ldwoa -nou Io asneaaq 'Xgaaafi paaanoa Amfu! Ann ao; algeg et pamsur aril lays paw?ep et 1t u!aaaym uoga!psunf aayio an alele Aua ;o smel aril aapun pamsur aril Aq apgeaaao ;uaun e? Aagod s[tn ;o uoistn0ad .fun IMP Juana ay) ul :S3.Lf1 -LV I,6 9NLL6I -IdN0D 'd 'aagou vans filtm wmwaad uanfaa in aapual ao luam -And ou sallow Auedwoa ay] yenoy; uana an!laaga aq pays Auedwoa aril Aq uo!lanaauw ;o aa?loN 'aaao; u! uaaq sey Aalod aryl pound ay) 10; wn?waad aril ITT uogaodwd alai Voris Aagmolena aril minas Ipefis Auedwoa ay; 'paansur paweu aria Ay pallaauea aq 1pegs Aa!lod s?yl ;I 'eug!aw of lualtinmba :aq Merin Auedwoa ay; Aq an pamsut paweu aril Aq aagI!a aagou ualJUm yane ;o AaantlaQ aalJou aqf ur Paling nogapaauea ;o moil pue a;ep angaapa aril no pun pptiye Aa!lod etyl aapun aauemsuri ay; pug 'aagou ;o ;woad auaioy;ns aq Ilvgs Aarlod still ut umoys waiappe aril is pwnsm paweu aril of Auedwoa aril ALI praealo ;11 an aagou ;o Hulllaw ay,L �angaaaa aq pays uoganaauea 'tan }eaaayl s6ep (OE) A11!43 ueyJ seal too 'Tarim Huytils Aland laylo ayf of aa!JOU I!aw paaals!8aa Aq empuas Aq Auedwoa ay Aq ao paansur paweu aril Aq palleauea aq Aew AOpod stg3. NOId-V'IHHONVD -O 'uoaaay paelopua St luaeuoa a!ay) Rion pug ssalun Auedwoa aril pu!q lour pays AxIod stria aapun lsaaalm Io luawuHisetl :d,N3WNDISStl 'N 'Ao!lod still ;o lied TO moo; o3 luawagaopua Aq ldaaxa 'pa9u9ya ao pan?em aq Aagod sly; ;o Omani aril hays aou :Aa!lod sty; ;o annual aril aapun 1yHu Sun 8n!3aasse won; Auedwoa aril dons in Aagod eiyi ;o lied Aug u! a8ueya a ao aan!em a Jeanne ;on pays Towed aayio Aug Aq ao )uana Aug Aq pawassod aHpalmoull ao ;uana Sun of aagoN 'S3DNVH3 'NI 'pallJae AI[eug as sauanoaal antlaadsaa a?ayl ;o 01191 aril U?'pawauoa (pwnsut aql eulpnpw) alsalalun OLD uaamlaq palwplodde aq Nuys slunowa yaps Ann ;o Aaanoaal aria 01 Aagssaaeu sasuadx3 'Aue if 'anp!saa aril wtelo our papqua ale ssaaxa m si a8elanoo still mogm in (pamsut aril Xminflam) sysaaalw aril 'Apsel'aapunalay pled lunowe ayf of do Hmuteww uagl auuleq Aug 10 )no peangwraa aq in until sa Auedwoa ay)'wayi Aq p!ad lunowe aril of do pasingmtaa aq )sag ;pegs ' aapuhaaay luaw6ed Aug anoge pue nano lunowe we pied aneq pays )eyl ( pamsm ayf But nJau!) s3saaalm Aug legl Old puud aril mopol JpNpS palanoaaa on aq Aew riairim slunoute Aug ;o 8u!uoglodda ati,L'Aaanoaaa ;o elg8u vans Io astaaaxa aril m paulaauoa (pamsut agl eulpnpw) s)saaa)m aayio Inn glim )aaauoa Of tae Il!m Auedmoa aria iapunaaay 3uawAed Aue ;o asina u! 1eg3 paaaee pue poolsaapun 'aaolaaaril 's! ll 'Auedwoa ay) of pale8oagns Alantsnpxa nil minutia Aglua aagw an uosaad Aug leu?g911 Aaanoaaa ;o ;y8u a,paansm exp ,'aSeaaAoa ssaoxa„ si Aagod still se yanwseul :NOId-V00NNf1S "I ' aauemsur aayio Io suopeltwy pue •suO1itpuoa 'suual aqa of laafgns Aar .1 e!y1 aJlew of pamisuoa aq plays maaay eu?y3oN'aauemsur laylo yane ql!m alnquli oa IOU Penn pue Io ssaaxa ut aq lleyu Amlod sign Aq papaoyg aauemsut atil (Aa?lod aryl Aq p8paol;9 aoua.meut aria ;o ssaaxa m Apeayraads s! ley; eau9msm Turin aayio) 'Aogod still Aq paaanoa MIN eeol a 2Ttlan03 paanum aril 01 algel!gnti Of aamsul aaglo Ann ylrm aouamsm alggaanoa pue Pgen aayio p :33NVN6SNI N3H.L0 7i AauanlONw ao Aa)dnallu9q tans in asnuaaq aapunaaay swrela Aug In 3uawAed ay) ITT Agaaay) pana!la1 aq IOU Nuys Auedmoa ay; 'pamsut ayf 8ursuduma Aping Sun ao paansm ay; ;o Aauanlosur ao Aaldnl imirl aril to Juana OLD uI :ADN3A -IOSNI (INV A3.IAf1HNNV9 'P Aallod sl93 yltm Alemloproa Ur panoad pug Pawtep Alangaadsaa ale Aagj aa; ;e sAep Joe) AIny1 ulyllm algeAed pue any, aq pays Causal yang -awq of awg won; Apeltmts apew oq pays sw!ela itmogrppe 'aauaaanoao awes aql in lunoaae no pwnsur ayf Aq optiw aq Ileys gluawAed )uanbasgns Aue ;l 'Auedmoa aql pue 'lu numia aria 'pamsur aril in Juawiaa8e uaJ3um Aq in lgul IenJae jalle paansm aril )suie8e 3uawipnf levy Ag aaylra wewaa paaapuaa pue paxy uaaq aneq pays Al!pgr !1 s,pa.wsw aril aaile an pamsw aq; Aq awoq lunowe ayf in ssaaxa of eswl lam alew!pn In lunowe us pled aneq pegs pwnsut aril jails snluow (ZI) anlaml willrm Aagod aril aapun algen aq Aew Auedwoa ay) t aitim ao) ssol Sun ao; wtela ayugap a alum llugs pamsut aLi L aauaaanaao vans in lunoaae no slag 8ut611apun aril in lunowe ay) pled anay pegs 'aaansur BmApapun s,pamsm aril ao'paansua aril pqun pue ssalun yaelle too lleys aauwano. -.o Aue of foadsaa qf!m Aagod still aapun Algwger -I :3 "IflVAV(I SSO "I 'I 'III JuawawBV 8mansul aapun paansur atp pua;ap of uogeeglo aril glrm uogoamma, ' m apew sluadde no isaaalu! pue sasuadxa •sawn Lions ne ao; pue peadde us tans of algeanqulle smawepnf no lsaaalni pue paawout sasuadxa 'saxv; 'sawn Ile ao;'SpI!gep in Jrwll algeagdde aril of uop!ppe w algeg eq pays Auedwoa aril 'JaAOMOIj aauaaanaao auo ALTO aoI 11 JuawaaaBV BTUnwl Of filial Jas lunowe ay) paaoxa Osol JOLT alewgln ao; Auedwoa aril ;o A3!l!qu!I ay/ Ilels ;uana our ur 1nq 'olaaagl leluaptaui lsaaal -m Poe eluawas.wgsip pue slsoa algexe; ay) aol olgeq aq pays pus 'osuadxa pue )son nay) in Ieadde vans alum of laala Aew Auedwoa aril 'n)!w!l ewApapun aril in ssaaxa ut ;uaw8pnf a leaddu of Jon laala sawnsw BmApapun s,pamsw aql ao peanut aril Juana aq) UI :SIVHddV 'H 'euipaaaoad an ems 'wrap Lions in asualap aril w slimy, pe or aleaad000 pegs Auedwoa ay) pug pamsut aril Juana yatgm ut Auedmoa aql anlonur! of Alajrl Algeuoseaa saeadde ao 'sanloAm psis in mtep ay3 aaagm aauannaao us of angelaa 8mpaaaoad ao ltns 'mrep ALTO Io loaluoa pue asualap aril w'yloq ao'saamsm ewApapun s,paansur aril in pamsut ay) gjim afetaossg or Almnfaoddo aril UOA!N aq pegs pug lyeu aq) anay pugs Auedwoa aril 3nq pwnsw aril lsu!u2o pafnlpsur 2misaa:oad ao IgNnwiq imC in apew wrap Ann In asualap ao mamap)as aq) ;o a8aeya awnsse of uodn pallet aq Iour pays Auedwoa arid, :(I2Nf1SNl HHd, 40 NOLLVNHdOOJ QNV 3JNtl,LSISStl 'O 'sw!CIO Lions aatpnfaatl IOU ;legs 'aapunaaay Cwtela of aeu an!8 01 'y aeadde pinom 'alep aalel a In arym )ml Aagod slyl anlonur of aeaddu IOU pip suwaddey sat in awrl aril in yatym aouaawaaro Ann ;o aagou ante 01 aanlre; leya 'lanamoy 'paprnoad 'algwgawd se Twos se Auedwoa aril of pa.wsuw aq, )o )lenaq no ao Aq uantB aq Veils aagou 'Aogod slgl anlonur of Alarll sr 'alga!I plaq aq pinoys pamsur aria Imil Juana aqJ ut 'ga!ym aNuwep io saunfm panlonuw aapunaaay pawnoa aauaa -anaao us 1eyJ apnpuoa Algeuoseaa Sew pwnsur aril yarym moil uogew.w ;m sey pwnsur aril aanauayM :il')NHNN(1OJ0 .40 HJLLON 3 II 7uawaaa2V Huunsul ur y)aoI Jas se Algwgan in 7!w j s Auedwoa ayf asewouw of alaua(io nut's maaaq paweluoa 8u!yloN iapunaaay paansm yoea of pans! uaaq peq w!a!lod af11a11das ;a sa aauuew awes ayf of apew aq Anna ao apew st wrap a woym lsure8e pamsut vans aanoa dugs Aogod still uagl algerl 'aq Anna 10 'st pamsm aaylouu yarym ao; iapunaaay pamww Aug of smlluolaq Alaadoad of asewep In uoseaa Aq apew 8uiaq swrela in )uana ayf ul 'aapunaaay pamsur gaga of panne! uaaq peg sa!atpd aleaerlas p se aauuew awes ayf in apew ay Aew w apew sr m!ula a woym lswu8e pamsut Lions aanoa pegs Aagod sty; uagl 'algen aq Anna ao st aapunaaay pamstn 1011oue yarym Iol aapunaaay pwnwt arm ;o saa6oldwa w aaAoldwa Aug Aq paaapne saunfui leuosaad Jo uoseaa Aq apew Nupq sweep Io Juana aril uI :A,LI'Ilp -VI'I SSOND '3 'Aogod sly) in wail ay) 8uunp 8uwaddeq saamaaanaoa In lunoaae no apew sluawArid Ann o1 alelaa sPaoaaa pue salooq aril se aeI on swrela pa Io luawafpas lauy aa7le as.S arm myl!m PTe IOaaaq .tiauaanu aril 8uunp auul Aue in spaooaa pue syooq s,pamsm aril autwexa of pue '>(aom ao apeal 'Osamsnq s,paanwt aril ylim uotfaauuoa w pasn Juautdmba pue AaawrI 's)ueld 'saslmaad ayf loadsm of pound Aagod aril 8uunp sawn alneuosew nu Is pallwuad (I pens Auedmoa ag,L -- Ll(lf)V (INV NOIdDHd SNI -Q 'wmwaad !euo!ltppg ;o 3uawAed Inoylim aetiwep Alaadoad ao Amfu, leuosaad gins Io laadsaa of Aliligeg aol pamsut aril 3aaload Of anm)uoa ll m Auedwoa aril ' Aagod still ;o uwlemwaal lo own aril )e 8u nuquoo s! aapunaaay paaanoa aaualanaxa ue ;o Ina sutsue asewep Alaadoad in Amfut leuosaad fey; Juana aql or Airfoil still ;o suoplimoa pue swaa) aaylo aril [Jr. of pue gdel Nemd 8u!oNaao; ay7 of )oafgnS 'aauewsut aopd Lions aapun ssol vans Io lunoaae no paansur ayf of anp slunoure Aug Aq paonpal xl pegs alnpagas aril Io E wait of Minn se uoaaay Alnwgstl in a!wg aril ;oaaay afep uogdaom ayf of loud pwnsut ant of panssw Aogod ssaaxa jotpo Aue aapun lied ur ao aIoym Of paaanoa isle sa aapunaaay paaanoa swI Aue )! 1eg1 paaaee sr 1I A.LI'IIq -1 .d0 NOLLV- inlAIf1O NON (INV il'JNVNf)SNI NOIHd 'D iapunaaay apew st unula ring,, aoI auaaaneao um in 8uwaddey ail of loud saauewsm NmAlaapun ayf of pappe aq Sew se ao m pauwg)uoa wg se (Aue 1! yuawaoa8e lemaual aril Poe Appgeq in s)iwll pue lunowe aril 'mmwaad aql spaeew se ldaaxa) suourpuoa pue swaa) 'sapueaaem awes ay) of Jaafgns st Aogod swill 'paansm ayf ;o aaAoldwa Ann Aq pamesns asuas!p leuogednaao Aq Amfuw leuosaad spae8aa CV :HSVHSIO 'IVNOI.LVdf1JDO 0,1. TIHVDI'Iddtl SNOLLI(1NOD 'IVIDH IS 'a 'uoaaay wmwaad pmomppe aleudoadde ue a8auya of pap!fua aq ❑eqs Auudwoa aril 'saaueanwt BwAlaapun aq) no uogtppe Lions ao; paeaega uaaq sey umrwaad leumplipe on It pue Auedwoa ay) of COMB aq net's aagou Idwoad ;oaaay Aauaajna 8uunp saaueanwt eutApapun Oql aapun aseaanoo aql of pappe suwaq paansm leuoglinr In Juana all ul 'alnpayos payael)e aril )o g wait m paprnoad se ldaaxa Juawlsnfpe of Joafgnslou s! pue wmwaad eel; a sr Aailod s!gl aoI wmutanl ay) 'papiA.,d aswmwglo ssalufl : Wfll WHNd V SN01110N07 luaw - Aopdwa Lions In asanoa aq) w paanfut aaAoldwa awes ay) ;o aaAoldwa aagioue In yleap aql in of Amfut of laadsaa gltm aaAoldwa Ann o) (y) ' anoge (e) uorsnpxa aapun papnpxa Apeaale Ot Alnageg Lions ssalun'saaAoldwa nay; of Amfur pmosaad aol paansu! paweu aril ;o Af!Irq rrI and of Aldde aou pays uo!snpxa still ley; paaaee pun poolsaapun Nutaq If'wanl Aq paumo )on 1;eaaalem ao; pwnsut paweu aril in A)gaq -all ldaaxa 'pasnwa aril Aq papoaluoa ao Muni 'paumo sastwaad wool Aume apqm 'paansm ayf Ag paumo Ilwaaa)em Ann of laadsaa ylim (e) 'anoge (e) uoisolaxa aapun papnlaxa Apewle st Algtgeq Lions aealun 'saa6oldma nay; of Amfur leuosaad aoI pamsut paweu ayf Io AJgrg11!I aril of Aldde IOU pegs uotsnlaxa stgl legl paaase pue fools -aapun 2maq 1!'wayl Aq paumo Too l ;eam!11 aoI pamsm paweu aril In Al!l!gel ldaaxa pwnsu! aril Aq paumo Jleaane Aug oq laadsaa ql!m (;) 'anoge (e) uwsnpxa aapun papnpxa Apeaale s? AJgageq vans ssalun ' saaAoddwa nags of Amfut leuosaad aoI pwnsw paweu ayf Io xilpi itl aril o) Aldde aou nays uo!snlaxa still )aril paweu pue poolsaapun emaq 1! 'asewep Alaadoad ao Awful leuosaad 8uquanaad in asodand aril aoI ao y;waawe to uogwado ayf w aalluep eu[lemwga ao 8u1Juanaad in awdmd ayf aoI pallawwoa Aaalleq pue pntisse aq of paliape tae Aue moil 8uginsw y7aap ao Awfm leuos --d 101 A)quail ldaaxa pamsur Lions ;o uopaanp aye In ao Aq pallor won Aaa)luq pue linuese aoI aapunaaay pwnsut Ann in Algtgetl 01 (a) — :Aldde aou pens Aagod aryl 'alnpanoS payaeJ3e aye of mo las se wougmsm BmApapun aql w pawsw aq) of apgapenti sl aNewnoa se ae;osw IdaaxH 'Aluoylne leaol an alcind 10 Juawwano8 Ann Io aapao aql aapun ao Aq Alaadoad of asewep w in uoganllsap ao uogtsuabaa ao uoilezgeuoq -1111 10 uogeosyuoa ao aamod padmsn an, Aaelapw 'uoa)aaamsm 'uognlonaa 'uonlagw 'aim 11AID 'JJOU w Paaelaap aq aim aaglagm) 'sau, - Illwy'satwaua uslaaol Io sfoe'uo!senua vem Io aananbasnoo of io g8noay3 Bum.ddeq 'Aq pauo!seaao Ailoaatpu! in Apaalap paansm aql Io Al?I!geq Aue of 'r,peuvD ao 'suorssnnsod ao sauoiwal sit 'eauawV Io salelS palwfl OqJ in aeld Hurtle saouaaana:o in laadsaa w ldaaxa (p) :aaud paugaanPe m alles!w (y) 'Appowwoa 10 apgae Ann ;o uogduasap ioaaaoaw (E) !gwiHofs ao sapq of alelaa Too Ileys sryl Inq •pasgaanpe ao ales IOJ paaapo 'plOS gammas ao SPOON Io aweu ap.1 ao alas- aouaas '>la11w apeal paaafs!eaa aye se IoaaagI asn An aweu apaaf ao JJUCC ao!naas ')flew apsal paaesl8a1 Iu IUOMONTtalua (Z) tlaw)uaa pagdwt us Io gaeaaq paeaplu uodn paseq seapt ITT uogeudoadda pazuog)neun aoI swrela of alelaa aou net's still inn '1aw)uoa in aauuwao;aad in wnitel (1) :aoI paansm ayf lsure8e apew sweep Of 'Cagwngae 8utugaanPe 01 laadsaa tif!m (a) • City Clerk June 16. 1975 Mr. Bill Brown, Safety and Training Officer Laura Lagioe Umbrella Liability Policy with Chicago Insurance Company Enclosed are four copies of subject Agreement for transmittal to Fred S James, Consultant Virgil Howell, and Quinlan and Jennings. Laura Lagioe, CMC City Clerk LL:lg Encl. C� RESOLUTION NO. 8489 i A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH TERMINATING SIGNAL INSURANCE COMPANY AS THE EXCESS CARRIER ON THE CITY'S AUTO- MOTIVE AND COMPREHENSIVE PUBLIC LIABILITY INSURANCE, AND AWARDING A CONTRACT TO CHICAGO INSURANCE COMPANY FOR THE EXCESS COVERAGE WHEREAS, the City Council of the City of Newport Beach awarded a contract for automotive and comprehensive liability insurance, excess insurance, to Signal Insurance Company by Resolu- tion No. 8437 adopted February 10, 1975; and WHEREAS, Signal Insurance Company has notified the City of Newport Beach that it intends to cancel said excess liability insurance effective May 27, 1975; and WHEREAS, the Insurance Committee has consulted with the City's insurance broker and finds that Chicago Insurance Company is the best bidder to replace the Signal Insurance Company's excess coverage; and WHEREAS, the Chicago Insurance Company has sufficient strength and is the best available insurance company at this time to be the City's excess carrier; NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Newport Beach herewith terminates the contract with Signal Insurance Company effective May 27, 1975 as the excess umbrella liability carrier and herewith accepts the recommendation of the Insurance Committee and awards the City's insurance contract for excess umbrella liability to Chicago Insurance Company. BE IT FURTHER RESOLVED that the Mayor and the City Clerk are hereby authorized and directed to execute a contract in accordance with this award and on behalf of the City of Newport Beach. ADOPTED this 12th day of May , 1975. Mayor ATTEST: City Clerk �yf HRC:yz 5/ 8/75