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1 <br /> <br />3 <br /> <br />5 <br /> <br /> 7 <br /> <br /> 9 <br /> <br />11 <br /> <br />13 <br /> <br />15 <br /> <br />17 <br /> <br />19 <br /> <br />21 <br /> <br />23 <br /> <br />25 <br /> <br />27 <br /> <br />29 <br /> <br />31 <br /> <br />33 <br /> <br />35 <br /> <br />37 <br /> <br />39 <br /> <br />41 <br /> <br />43 <br /> <br />45 <br /> <br />47 <br /> <br />LIABILITY RISK COVERAGE AGREEMENT <br /> <br /> THIS LIABILITY RISK COVERAGE AGREEMENT, dated as of <br />October 1, 1988, by and among the BIG INDEPENDENT CITIES EXCESS <br />POOL JOINT POWERS AUTHORITY, a joint exercise of powers agency <br />duly organized and existing under the laws of the State of <br />California, including, without limitation, Section 6500 et seq. <br />of the Government Code of the State of California, as provider <br />(the "Authority"), and the CITIES OF HUNTINGTON BEACH, OXNARD, <br />POMONA, SAN BERNARDINO AND SANTA ANA, CALIFORNIA, each a <br />municipal corporation duly organized and existing under the <br />Constitution and laws of said State, and, in the case of the <br />cities of Huntington Beach, Pomona, San Bernardino and <br />Santa Aha, the respective charters of such cities (each an <br />"Initial Participant" and collectively, the "Initial <br />Participants"); <br /> <br />W I T N E S S E T H : <br /> <br /> WHEREAS, each Participant is authorized by Part 6 of <br />Division 3.6 of Title 1, Section 990 et seq., of the California <br />Government Code (the "Act") to insure itself against tort or <br />inverse condemnation liability, to insure its employees against <br />injury resulting from an act or omission in the scope of his <br />employment and to insure against the costs of defending such <br />claims; <br /> <br /> WHEREAS, pursuant to Section 990.4 of the Act each <br />Participant is authorized to provide insurance by <br />self-insurance which may be funded by appropriations and to <br />establish or maintain reserves for such purposes; <br /> <br /> WHEREAS, pursuant to Section 990.6 of the Act, the cost to <br />each Participant of such self-insurance is a proper charge <br />against the Participant and therefore the governing board of <br />each Participant is authorized to pay premiums for Coverage in <br />an amount such governing board determines to be necessary to <br />provide such Coverage; <br /> <br /> WHEREAS, pursuant to Section 990.8 of the Act, each <br />Participant is empowered to obtain Coverage through a joint <br />powers agreement with other local public entities, and such <br />pooling of self-insured claims and the risk sharing of losses <br />is not considered insurance subject to regulation under the <br />California Insurance Code: <br /> <br /> <br />