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2008_0714_packet
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2008_0714_packet
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RCA—Financial Crimes Services (FCS) <br />Page of <br />Agreement. FCS Professional Liability Insurance may afford coverage on an occurrence basis or on a <br />claims basis. It is however,, acknowledged and agreed by the FCS that under claims-made coverage <br />changes in insurers or in insurance policy forms could result in the impairment of the liability insurance <br />protection intended for the City hereunder. FCS therefore agrees that it will not seek or voluntarily <br />accept any such change in its Professional Liability Insurance coverage if such impairment of the <br />protection for the City could result.- and further, that it will exercise it's right under any Extended <br />Reporting Period"' ("tail coverage"), or similar claims-made policy option if necessary or appropriate to <br />avoiding impairment of such protection. <br />FCS further agrees that it will,, throughout the entire period of 3 years keep required coverage and for an <br />additional period of two (2) years following completion of this agreement, immediately.- <br />(a) advise the City of any intended or pending change in Professional Liability inures or in policy forms, <br />and provided the City with all pertinent information that the City may reasonably request to determine <br />compliance with this paragraph; and (b) advise the City of any claims or threat of claims that might <br />reasonably be expected to reduce the amount of such insurance remain available for the protection of the <br />City. <br />THEREFORE.- IN WITNESS OF,, the parties have executed the Agreement as of the date first written above. <br />City of Roseville, Milyor. <br />By.- <br />Date <br />(Craig D. Klausing, Mayor) <br />City <br />of Roseville, City Manager: <br />By <br />Date.- <br />(William J. Malinen, City Manager) <br />City <br />of Roseville, Chief of Police Department: <br />By.- <br />Date.- <br />(Carol Sletner, Chief of Police) <br />Financial Crimes Services, LLC: <br />By <br />Date <br />(John McCullough, FCC) <br />
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