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PLACER LABS, INC.
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Last modified
1/24/2025 11:52:28 AM
Creation date
1/24/2025 11:51:34 AM
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Contracts
Company Name
PLACER LABS, INC.
Contract #
N-2025-012
Agency
Parks, Recreation, & Community Services
Expiration Date
1/1/2027
Insurance Exp Date
7/1/2025
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Placer Labs, Inc. <br />CNACNA Paramount Excess and Umbrella Liability <br />or organization which may be liable to the Insured because of injury or damage to which this <br />insurance may also apply; and <br />vi. will not voluntarily make a payment, except at its own cost, assume any obligation, or incur <br />any expense, other than for first aid, without the Insurer's prior consent. <br />3. Cooperation <br />With respect to both Coverage A - Excess Follow Form Liability and Coverage B — Umbrella Liability, <br />the Named Insured will cooperate with the Insurer in addressing all claims required to be reported to <br />the Insurer in accordance with this paragraph O. Notice of Claims/Crisis Management Event/Covered <br />Accident, and refuse, except solely at its own cost, to voluntarily, without the Insurer's approval, <br />make any payment, admit liability, assume any obligation or incur any expense related thereto. <br />P. Notices <br />Any notices required to be given by an Insured shall be submitted in writing to the Insurer at the <br />address set forth in the Declarations of this Policy. <br />Q. Other Insurance <br />If the Insured is entitled to be indemnified or otherwise insured in whole or in part for any damages or <br />defense costs by any valid and collectible other insurance for which the Insured otherwise would have <br />been indemnified or otherwise insured in whole or in part by this Policy, the limits of insurance specified <br />in the Declarations of this Policy shall apply in excess of, and shall not contribute to a claim, incident or <br />such event covered by such other insurance. <br />With respect to Coverage A — Excess Follow Form Liability only, if: <br />a. the Named Insured has agreed in writing in a contract or agreement with a person or entity that <br />this insurance would be primary and would not seek contribution from any other insurance <br />available; <br />b. Underlying Insurance includes that person or entity as an additional insured; and <br />c. Underlying Insurance provides coverage on a primary and noncontributory basis as respects that <br />person or entity; <br />then this insurance is primary to and will not seek contribution from any insurance policy where that <br />person or entity is a named insured. <br />R. Premium <br />All premium charges under this Policy will be computed according to the Insurer's rules and rating plans <br />that apply at the inception of the current policy period. Premium charges may be paid to the Insurer or <br />its authorized representative. <br />S. In Rem Actions <br />A quasi in rem action against any vessel owned or operated by or for a Named Insured, or chartered by <br />or for a Named Insured, will be treated in the same manner as though the action were in personam <br />against the Named Insured. <br />T. Separation of Insureds <br />Except with respect to the limits of insurance, and any rights or duties specifically assigned in this <br />Policy to the First Named Insured, this insurance applies: <br />1. as if each Named Insured were the only Named Insured; and <br />2. separately to each Insured against whom a claim is made. <br />U. Transfervof Interest <br />Form No: CNA75504XX (03-2015) Policy No:7063806615 <br />Policy Page: 21 of 32 Policy Effective Date: 12/05/2024 <br />Underwriting Company: The Continental Insurance Company, 151 N Franklin St, Chicago, IL 60606 <br />® Copyright CNA All Rights Reserved. <br />830354B6 124-25 All Line/E&C $5M Eac1:A0 WC OT2 M OT4 I Pra—ela Karipireddy 1 12/16/2024 10:30:47 AM IPSTI I Page 16 of 17 <br />This certificate cancels and supersedes ALL previously issued certificates. <br />
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