City Risk Retention Program Sample Clauses

City Risk Retention Program. In lieu of the insurance otherwise required pursuant to Section 19.2, the City may utilize an alternative risk management, risk retention or self-insurance program for the Ballpark. Such program shall be bona fide and funded in a financially sound manner so as to constitute reasonable and appropriate risk management by the City. Such program may be individually established by the City or part of a mutual or collective program with other units of local government, other institutions or captive insurance companies. Should the City determine to utilize any such program for the Ballpark, then on an annual basis during the period such program is being utilized, the City shall provide to Club documentation, reasonably satisfactory to Club, of compliance by the City with the provisions of this Section.
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