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(b) Upon request, the Grantee shall furnish the <br /> Grantor with copies of such insurance policies or certificates <br /> of insurance. <br /> <br /> (c) Such insurance policies provided for herein <br /> shall name the Grantor, its officers, boards, commissions, <br /> agents, and employees as additional insureds and shall contain <br /> <br /> an endorsement similar to the following: <br /> <br /> "It is hereby understood and agreed that this insurance <br />policy may not be cancelled by the surety or the intention <br />not to renew be stated by the surety until thirty (30) days <br />after receipt by the City by registered mail of wr.itten notice <br />of such intention to cancel or not renew." <br /> <br /> (d) The minimum amounts set forth in the <br />franchise agreement for such insurance shall not be construed <br />to limit the liability of the Grantee to the Grantor under <br />the franchise issued hereunder to the amounts of such insurance. <br /> <br /> (e) All insurance carriers providing coverage <br />under (a) above shall be duly licensed to operate in the <br />state of California, and shall be subject to approval of <br />Grantor. <br /> <br /> <br />