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coverage for injuries suffered by participants. Said insurance policy shall guarantee CITY <br />at least thirty (30) days written notice of cancellation or modification. CONTRACTOR <br />shall carry medical and accident insurance for those participants not qualifying as <br />"employees" for Worker's Compensation Coverage, pursuant to California Labor Code <br />Section 3350, et seq. <br />4. Equipment Coverage. CONTRACTOR shall purchase a policy or policies <br />of insurance covering loss or damage to any and all Equipment provided to or purchased by <br />CONTRACTOR in accordance with this Agreement. Said insurance shall be in the amount <br />of the full replacement value thereof, providing protection against the classification of fire, <br />extended coverage, vandalism, malicious mischief, theft, and special extended perils. <br />Governmental entities may substitute a certificate of self - insurance. <br />Proof of Insurance. Certificates and endorsements must be submitted and <br />approved by CITY prior to any work under this Agreement. CONTRACTOR understands <br />that CITY will make no payments under this Agreement until the required certificates and <br />endorsements have been approved by CITY. <br />IX. <br />CORPORATE STATUS <br />All corporate CONTRACTORS shall be in good standing, without <br />suspension by the California Secretary of State, Franchise Tax Board and Internal Revenue <br />Service. Any change in corporate status or suspension shall be reported immediately to <br />CITY. <br />X. <br />ASSIGNABILITY <br />None of the duties of, or work to be performed by, CONTRACTOR under this <br />Agreement shall be subcontracted or assigned to any agency, consultant, or person without <br />the prior written consent of CITY. CONTRACTOR must submit all subcontracts and other <br />agreements that relate to this Agreement to CITY. No subcontract or assignment shall <br />terminate or alter the legal obligations of CONTRACTOR pursuant to this Agreement. <br />XI. <br />LAWS GOVERNING THIS AGREEMENT <br />In its performance under this Agreement, CONTRACTOR shall fully comply <br />with the requirements of the following, whether or not otherwise referred to in this <br />Agreement: <br />1. The Act and all applicable federal statutes, regulations, policies, procedures and <br />directives, including but not limited to, 20 C.F.R. Parts 652 and 660 through 671. <br />12 <br />25K -34 <br />