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walverof subrogation, but this provision applies regardless of whether or not the City has received awaiver of subrogation endorsement from the insurer, 5. Self -Insured Retentions: Self -Insured retentions most be declared to and approved by the Glty. The City may require the Grantee to purchase coverage with a lower retention or provide proof of ability to pay losses and related Investigations, claim administration, and defense o"nees within the retention. The policy language shall provide, or be endorsed to provide, that the self -insured retention may be satisfied by either the named Insured or City. 6. acceptability of Insurers; Insurance Is to be placed with Insurers authorized to conduct business In the state with a currentA,K Bees rating of no less than ANTI, unless otherwise acceptable to the City. 7. Claims Mader Polities: if any of the required policies provide coverage on a claims -made, basis. t, Tile Retroactive gate must he shown and mast be before the date of the contractor the beginning of contract work. i, insurance must be maintained and evidence of Insurance must be provided foratleast five (6) years after completion of the contract ofwork, Ili, If coverage is canceled or non-renewad, and not replaced with another clalmscmado polloyform with a Retroactive Mute prior to the contract effective date, the Grantee must purchase'wdonued reporting" coverage fora minimum of five (6) years after completion of contract work, B. Varitlootion of Coverage: Orontes shall furnish the City with original GarttEloates of insuranCe Including all required amendatory endorsements (or copies of the applicable Polley language affecting coverage requlrodby this clause) and e copy of the Declarations and Endorsement Page of the CCL policy listing all policy endorsements to City before work begins, However, failure to obtain the required documents prior to the work beginning shall not waive the Grantee's obligation to provide them.The Clay reserves the right to require complete, COMftod copies of all required Insurance potcfes,including endorsements required by these specifications, at any time; 9; Subcontractors: Grantee shall require and verify'that all 'subcontr 'otors' maintain • Insurance meeting all the requirements stated herein, and Contractor shall ensure that City is an additional insured on insurance required from subcontractors, %8tysc141 Risks or Girctinnstancos! Laity reserves the right to modtly Incas requirements, Including limits, based on the nature of therisk, prior experience, Insurer, coverage, or other special circumstances,