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<br />specifically <br /> <br />covering <br /> <br />the <br /> <br />indemnification <br /> <br />assumed <br /> <br />by <br /> <br />G. <br /> <br />Lessee under this Agreement. <br />Such insurance as is required in this Paragraph 10 shall <br /> <br />be written so that the City will be notified in writing, in <br /> <br />the <br /> <br />event <br /> <br />of <br /> <br />cancellation, <br /> <br />restrictive <br /> <br />amendment <br /> <br />or <br /> <br />non-renewal at least thirty (30) days prior to such action. <br />Certificates of Insurance shall be filed with said City prior <br /> <br />to the commencement of operations and are <br /> <br />subj ect to said <br /> <br />City's <br /> <br />approval. <br /> <br />Insurance <br /> <br />carriers <br /> <br />insuring <br /> <br />Lessee <br /> <br />in <br /> <br />accordance herewith which are not rated by the most recent <br /> <br />edition <br /> <br />of <br /> <br />Best's <br /> <br />Kev <br /> <br />Ratinq <br /> <br />Guide, <br /> <br />PropertY-Casualty, <br /> <br />published by A.M. Best Company, or insurance carriers having <br />a rating lower than B+VII as shown in the most recent edition <br /> <br />of said book, <br /> <br />will not be approved by the Ci ty unless a <br /> <br />guaranty bond acceptable to said City from a carrier rated <br /> <br />B+VII or higher guaranteeing payment of any and all claims <br />against Lessee is furnished to the city. <br /> <br />All insurance required under this Paragraph 10 shall be <br /> <br />written <br /> <br />with <br /> <br />the <br /> <br />City <br /> <br />of <br /> <br />San <br /> <br />Marcos <br /> <br />as <br /> <br />an <br /> <br />additional <br /> <br />insured. <br /> <br />The stated limits of insurance required by this <br /> <br />Paragraph 10. are MINIMUM <br /> <br />ONLY <br /> <br />and <br /> <br />it <br /> <br />shall <br /> <br />be <br /> <br />Lessee's <br /> <br />responsibility to determine what limits are adequate. <br /> <br />These <br /> <br />minimum limits may be basic policy limits or any combination <br /> <br />of basic limits and umbrella limits. <br /> <br />In any event, Lessee is <br /> <br />fully responsible for all losses arising out of, <br /> <br />resulting <br /> <br />from <br /> <br />or <br /> <br />connected <br /> <br />with <br /> <br />operations <br /> <br />under <br /> <br />this <br /> <br />Agreement <br /> <br />whether or not said losses are covered by insurance. <br /> <br />The <br /> <br />City's acceptance of Certificates of Insurance that in any <br />respect do not comply with the Agreement requirements does <br /> <br />not release Lessee from compliance herewith. <br /> <br />All insurance required under this Paragraph 10 shall be <br /> <br />primary over any other insurance coverage the City of San <br /> <br />Marcos may have. <br /> <br />-7- <br />