Insurance Policy Criteria. All policies of insurance required to be carried by CLCS Charter Schools shall be written by responsible insurance companies authorized to do business in the State of California, rated no less than the standard the District requires for non-charter public schools [A.M. Best A-, VII or better]. Insurance provided through a Joint Powers Authority shall be considered sufficient under this section. Any such insurance required of the CLCS Charter Schools hereunder may be furnished by the CLCS Charter Schools under any blanket policy carried by it or under a separate policy therefore. A true and exact copy of each paid-up policy evidencing such insurance or a certificate of the insurer, certifying that such policy has been issued, providing the coverage required and containing the provisions specified herein, shall be delivered to the District prior to the date the CLCS Charter Schools is given the right to possession of the Site, and upon renewals, not less than thirty (30) days prior to the expiration of such coverage. In addition, the District and the Board of Education of the City of Alameda shall be named as an additional insured on the liability policies and a loss payee on the property coverage for the Site. The District may, at any time and from time to time, upon reasonable notice to the CLCS Charter Schools and at no cost to the CLCS Charter Schools, inspect and/or copy any and all insurance policies required hereunder, and in no event shall the then-limits of any policy be considered as limiting the liability of the CLCS Charter Schools under this Agreement.
Insurance Policy Criteria. All policies of insurance required to be carried by Tenant pursuant to these requirements shall be written by responsible insurance companies qualified to do business in the State of California rated no less than the standard LAUSD requires for the schools within the District (A.M. Best, A-, VII, or better). Any such insurance required of Tenant hereunder may be furnished by Tenant under any blanket policy carried by it or under a separate policy therefore. A true and exact copy of each paid-up policy evidencing such insurance or a certificate of the insurer, certifying that such policy has been issued, providing the coverage required and containing the provisions specified herein, shall be delivered to LAUSD (as set forth below) prior to the date Tenant is given the right to possession of the Leased Premises, and upon renewals, not less than 30 days prior to the expiration of such coverage. In addition, LAUSD shall be named as an additional insured on the liability policies and a loss payee on the property coverages. LAUSD may, at any time and from time to time, upon reasonable notice to Tenant and at no cost to Tenant, inspect and/or copy any and all insurance policies required hereunder, and in no event shall the then-limits of any policy be considered as limiting the liability of Tenant under this Lease.
Insurance Policy Criteria. All policies of insurance required to be carried by the Charter School shall be written by responsible insurance companies authorized to do business in the State of California, rated no less than the standard that the District requires for the schools within its boundaries (A.M. Best, A-, VII, or better), or the equivalent provided through a risk-pooling join powers authority operating pursuant to Government Code sections 6500 et seq. Any insurance required of the Charter School hereunder may be furnished by the Charter School pursuant to a blanket policy carried by it or under a separate policy.
