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under the insurance policy by endorsement for all work performed in accordance with <br />this Agreement, excluding workers' compensation insurance. The specific coverage <br />obligations set forth in this Section 12 are minimums only, and the Subdivider shall have <br />the obligation to provide the minimum coverages stated in this Agreement or such greater <br />or broader coverage, if available in the Subdivider's policies. <br />D. All insurance companies affording coverage to the Subdivider shall be insurance <br />organizations authorized by the Insurance Commissioner of the State Department of <br />Insurance to transact business of insurance in the State of California with a Best's rating <br />of not less than A:VII. <br />E. All insurance companies affording coverage shall provide thirty -day (30) written notice <br />to the City should the policy be canceled before the expiration date, unless otherwise <br />approved by the City Engineer. For the purposes of this notice requirement, any material <br />change in the policy prior to the expiration shall be considered a cancellation. <br />F. Subdivider shall provide evidence of compliance with the insurance requirements listed <br />above by providing a certificate of insurance, in a form satisfactory to the City Attorney, <br />concurrently with the submittal of this Agreement. <br />G. Subdivider shall provide a substitute certificate of insurance no later than thirty (30) days <br />prior to the policy expiration date. Failure by the Subdivider to provide such a <br />substitution and extend the policy expiration date shall be considered a default by <br />Subdivider and may subject the Subdivider to a Stop Work Notice until the Subdivider <br />has cured the default. <br />H. Subdivider shall provide insurance that is primary as respects the City, its officers, <br />employees, officials and agents. <br />I. Maintenance of insurance by the Subdivider as specified in this Agreement shall in no <br />way be interpreted as relieving the Subdivider of any responsibility whatever and the <br />Subdivider may carry, at its own expense, such additional insurance as it deems <br />necessary. <br />J. The insurer shall agree to waive all rights of subrogation against the City, its officers, <br />officials, employees, officials and agents for losses arising from work performed by the <br />Subdivider. <br />K. The insurer shall provide the amount of self-insured retention and City shall have the <br />right to disapprove insurance coverage if it deems the self-insured retention exceeds <br />reasonable deduction. <br />13. Attorney's Fees. In the event that either party shall file and prevail in any action or suit for <br />the enforcement of any of its rights under this Agreement, the non -prevailing party shall pay to <br />the prevailing party reasonable attorney's fees and costs as may be fixed by the court on account <br />thereof. <br />Subdivision Agreement <br />Tract 8326 by KN St. John LP Page 5 of 6 <br />