06-26-1991 Council Agenda - Laserfiche WebLink

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B. License as Required C. A program of self- funded insurance covering the above will be considered by the COUNTY in lieu of commercial coverages. Such approval shall be at the sole discretion of the County Risk Manager. Limits of liability of any municipality that meet the statutory limits as defined in MINN. STAT. 5466.04 are acceptable. D. The AGENCY shall not commence this project until it has obtained required insurance and filed .an acceptable certificate of insurance with the COUNTY. All insurance policies shall be submitted tb the COUNTY upon request. E. All certificate of insurance shall provide that the insurance company shall give the COUNTY thirty (30) days prior written notice of cancellation, non - renewal or any material changes in the policy. F. Paragraphs A -1 through A -5 establish minimum Insurance requirements, and it is the sole responsibility of the AGENCY to purchase and maintain additional insurance that may be necessary in connection with this contract. G. Certificate shall specifically indicate if policy is written with an admitted or non - admitted carrier. Best's rating for the insurer shall be noted on the certificate, and shall not be less than a B +. H. Nothing in this contract shall constitute a waiver by the COUNTY of any statutory limits or exceptions on liability. I. On certificate, agent shall certify whether or not errors and omissions coverage is carried. 12. CONFLICT OF INTEREST A. Interest of Officers, Employees or Agents - No officer, employee, or agent of the AGENCY who exercises any functions or responsibilities in connection with the planning and carrying out of the Block Grant Program, or any other person who exercises any functions or responsibilities in connection with the Program, shall have any personal financial interest, direct or indirect, in this Agreement, and the AGENCY shall take appropriate steps to assure compliance. B. Interest of Subcontractor and Their Employees - The AGENCY agrees that it will incorporate into every subcontract required to be in writing and made pursuant to this Agreement the following provisions: The Contractor covenants that no person who presently exercises any functions or responsibilities in connection with the Block Grant Program, has any financial interest, direct or indirect, in this Contract. The Contractor further covenants that he presently has no interest and shall not acquire any interest, direct or indirect, which would -6- Page 48