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HomeMy WebLinkAboutProperty_Insurance_Program_2022-23 PROPERTY PROGRAM w \ Protection period: July 1,2022 to July 1,2023 Overview.............................................1-2 Schedule of Insurers............................3-12 Property Schedule Guidelines............13-14 3l Definitions........................................15-21 CALI FORNU All Risk............................................22-39 j - p AEarthquake and Flood......................AO-56 ' I Mechanical Breakdown.....................57-66 Terrorism..........................................67-72 C A L I F 0 R N I A J , P , I , A Providing innovative risk management solutions for our public agency partners PROPERTY INSURANCE PROGRAM Overview • July 1,2022 P 22 (SUPERSEDES P 21) Program Property Scheduled buildings,contents,garaged vehicles,contractor's equipment,fine arts,rental income and other miscellaneous extensions of coverage(excluding earthquake,except where provided). Protection Period July 1,2022,12:01 AM to July 1,2023,12:01 AM Coverage All-Risk(required) Limits $500 Million per occurrence(shared limits) $10 Million annual aggregate for flood(per member limits) Deductible $10,000 per occurrence COVERAGE IS WRITTEN AT REPLACEMENT COST Coverage Vehicles Physical Damage(comprehensive&collision)(optional) Deductible $2,500 per occurrence(collision),licensed vehicles other than Fire and Ambulance $2,500 per occurrence(comprehensive),licensed vehicles other than Fire and Ambulance $10,000 per occurrence(collision),Fire and Ambulance vehicles $10,000 per occurrence(comprehensive),Fire and Ambulance vehicles COVERAGE IS WRITTEN AT STATED VALUE Coverage Earthquake&Flood(optional) Limits $200 Million per occurrence(shared limits) Deductible EARTHQUAKE(per unit of value)5%($100,000 minimum) FLOOD(per unit of value)$100,000 COVERAGE IS WRITTEN AT REPLACEMENT COST Coverage Mechanical Breakdown(formerly Boiler&Machinery(optional)) Objects and equipment as defined by the policy Limits $150 Million per occurrence(shared limits) Deductible $5,000 per occurrence COVERAGE IS WRITTEN AT REPLACEMENT COST Coverage Builder's Risk(included) Real property in the course of construction Limits $50 Million per occurrence(shared limits) Deductible $10,000 per occurrence;$100,000 or$250,000 per occurrence,depending on flood zone Included in All-Risk coverage,Earthquake coverage is additional premium COVERAGE IS WRITTEN AT REPLACEMENT COST MEMBERS MUST REPORT ACQUISITIONS OF NEW REAL AND PERSONAL PROPERTY. THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS,SEE THE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1,2022 Rev:7/1/22 Page 1 PROPERTY INSURANCE PROGRAM Overview • Coverage Terrorism(included) Objects and equipment as defined by the policy Limits $100 Million per occurrence(Shared limits) Deductible $10,000 per occurrence Included in All-Risk coverage COVERAGE IS WRITTEN AT REPLACEMENT COST Note An administrative fee is included in the invoice. MEMBERS MUST REPORT ACQUISITIONS OF NEW REAL AND PERSONAL PROPERTY. • • • THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS,SEE THE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1,2022 Rev:7/1/22 Page 2 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Coverage Lines • July 1,2022 to July 1,2023 PRIMARY ALL RISK INCLUDING EARTHQUAKE,EQ SPRINKLER LEAKAGE&FLOOD COVERAGE PROVIDED ON STRUCTURES,CONTENTS&VEHICLES Limit: $25,000,000 Per Occurrence REINSURED BY LLOYDS POLICY#B128410009W22 $21,250,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; L Greater than $2,000,000,000 F• REINSURED BY MARKEL-EVANSTON POLICY#MKLV5XPR000974 INSURANCE COMPANY $3,750,000 • California Status: Non-Admitted Standard&Poor's Rating: A,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV, Greater than $2,000,000,000 FLOOD FOR NON-EARTHQUAKE LOCATIONS-Sub-limit:$10,000,000 Annual Aggregate EXCESS ALL RISK INCLUDING EARTHQUAKE,EQ SPRINKLER LEAKAGE&FLOOD Limit:$75,000,000 Excess of$25,000,000 BERKSHIRE POLICY#42-XPR-322654-01 $5,625,000 California Status: Admitted Standard&Poor's Rating: AA+,Very Strong Financial Security Best's Guide Rating: A+,Superior;Financial Size Category XV, Greater than$2,000,000,000 LANDMARK AMERICAN INS.CO. POLICY#LHD428856 $3,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XIV; $1,500,000,000 to$2,000,000,000 Rev:7/1/22 Page 3 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Coverage Lines • July 1,2022 to July 1,2023 EXCESS ALL RISK INCLUDING EARTHQUAKE,EQ SPRINKLER LEAKAGE&FLOOD Limit:$70,000,000 Excess of$25,000,000 LLOYDS OF LONDON(AXA) POLICY#13128410009W22 $8,300,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 • LLOYDS OF LONDON(UNICORN) POLICY#B128424899W22 $550,000 California Status: Non-Admitted • Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 EXCESS ALL RISK INCLUDING EARTHQUAKE,EQ SPRINKLER LEAKAGE&FLOOD ,&mit:$65,000,000 Excess$35,000,000 BMS-LLOYDS OF LONDON POLICY#1312841001 OW22 $20,800,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 BMS-LLOYDS OF LONDON POLICY#B12842491 OW22 $2,216,500 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 ARCH SPECIALTY INSURANCE COMPANY POLICY#ESP7300392-09 $5,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A+,Superior;Financial Size Category XV; Greater than$2,000,000,000 Rev:7/1/22 Page 4 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Coverage Lines • July 1,2022 to July 1,2023 [I�RONSHORE SPECIALTY INSURANCE COMPANY POLICY# 1000538800-01 2,525,000 California Status: Non-Admitted Standard&Poor's Rating: A,Strong Financial Security Best's Guide Rating: A,Excellent;Financial Size Category XV; Greater than$2,000,000,000 HALLMARK SPECIALTY INSURANCE COMPANY POLICY#73PRX22AE78 $6,500,000 California Status: Non-Admitted • Standard&Poor's Rating: Not Rated Best's Guide Rating: A-,Excellent;Financial Size Category VIII; $100 Million to$250 Million • MUNICHRE-THE PRINCETON EXCESS AND SURPLUS POLICY#N1-A3-XP-0000030-00 LINES INSURANCE COMPANY $5,000,000 California Status: Non-Admitted Standard&Poor's Rating: AA-,Very Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV; Greater than$2,000,000,000 KEMAH CAPITAL-NATIONAL FIRE&MARINE POLICY#DF00032547 INSURANCE COMPANY $3,250,000 California Status: Non-Admitted Standard&Poor's Rating: AA+,Very Strong Financial Security Best's Guide Rating: A++,Superior,Financial Size Category XV; Greater than$2,000,000,000 SWISSRE POLICY#ESP 2005578 00 $3,500,000 California Status: Not Rated Standard&Poor's Rating: Best's Guide Rating: Rev:7/1/22 Page 5 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Coverage Lines • July 1,2022 to July 1,2023 CORE SPECIALTY-STARSTONE SPECIALTY POLICY#N89362220CSP INSURANCE COMPANY $5,484,000 California Status: Non-Admitted Standard&Poor's Rating: Not Rated Best's Guide Rating: A-,Excellent,Financial Size Category XII; $1 Billion to$1.25 Billion VELOCITY RISK UNDERWRITERS,LLC POLICY#2022-9004457-01 $3,250,000 • Certain Underwriters at Lloyds and other POLICY#VRN-CN-0004457-01 Insurers subscribing to Binding Authority B604510568622022(21%) • California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security • Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 • Certain Underwriters at Lloyds, POLICY#VNB-CN-0004457-01 London-Syndicate 2357(31%) California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 independent Specialty Insurance Company(35%) POLICY#VUX-CN-0004457-01 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 • Interstate Fire&Casualty Company(13%) POLICY#VRX-CN-0004457-01 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 Rev:7/1/22 Page 6 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Coverage Lines • July 1,2022 to July 1,2023 DIC INCLUDING EARTHQUAKE AND FLOOD,EXCLUDING EQ SPRINKLER LEAKAGE Limit:$50,000,000 Excess$100,000,000 ARROWHEAD-GENERAL SECURITY POLICY#TR0001486-13443-22 INDEMNITY CO.OF ARIZONA $10,000,000 California Status: Non-Admitted Standard&Poor's Rating: AA-,Very Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV; Greater than$2,000,000,000 • ARROWHEAD-OLD REPUBLIC UNION POLICY#ORARIM001 261-00 INSURANCE COMPANY $10,000,000 • California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV; Greater than$2,000,000,000 ARROWHEAD-LEXINGTON INSURANCE COMPANY POLICY#043403482 $5,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 ARROWHEAD-EVEREST INDEMNITY COMPANY POLICY#8400009968-221 $25,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV; Greater than$2,000,000,000 Rev:7/1/22 Page 7 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Risk Coverage • July 1,2022 to July 1,2023 EXCESS ALL RISK EXCLUDING EARTHQUAKE SHOCK AND FLOOD,INCLUDING EQSL Limit:$50,000,000 Excess$100,000,000 MARKEL-EVANSTON INSURANCE COMPANY POLICY#MKLV5XPR000974 $6,250,000 California Status: Non-Admitted Standard&Poor's Rating: A,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 • HALLMARK SPECIALTY INSURANCE COMPANY POLICY#73PRX22AE79 $5,000,000 California Status: Non-Admitted Standard&Poor's Rating: Not Rated • Best's Guide Rating: A-,Excellent;Financial Size Category VIII; $100 Million to$250 Million LLOYDS OF LONDON-ATRIUM ANDTOKYO MARINE POLICY#B128422387W22 $7,500,000 California Status: Non-Admitted Standard&Poor's Rating: A,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 MUNICHRE-THE PRINCETON EXCESS AND SURPLUS POLICY#78-A3-XP-0000813-01 LINES INSURANCE COMPANY $25,000,000 California Status: Non-Admitted Standard&Poor's Rating: AA-,Very Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV; Greater than$2,000,000,000 J AXIS SURPLUS INSURANCE COMPANY POLICY#ELF654136-22 $6,250,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 Rev:7/1/22 Page 8 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Risk Coverage • July 1,2022 to July 1,2023 EXCESS ALL RISK EXCLUDING EARTHQUAKE SHOCK AND FLOOD Limit:$350,000,000 Excess$150,000,000 LANDMARK AMERICAN INS CO POLICY#LHD428857 $175,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating A+,Superior,Financial Size Category XIV; $1,500,000,000 to$2,000,000,000 • CHUBB LONDON POLICY#B128422306W22 $175,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security • Best's Guide Rating: A,Excellent;Financial Size Category XV; Greater than$2,000,000,000 EARTHQUAKE SHOCK AND FLOOD EXCLUDING EQSL Limit:$50,000,000 Excess$150,000,000 ARROWHEAD-QBE SPECIALTY INSURANCE COMPANY POLICY#ESE20250-00 $5,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 ARROWHEAD-GENERAL SECURITY POLICY#TR0001486-13447-22 INDEMNITY CO.OF ARIZONA $10,000,000 California Status: Non-Admitted Standard&Poor's Rating: AA-,Very Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV; Greater than$2,000,000,000 Rev:7/1/22 Page 9 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Risk Coverage • July 1,2022 to July 1,2023 ARROWHEAD-LEXINGTON INSURANCE COMPANY POLICY#043403483 $10,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent;Financial Size Category XV; Greater than$2,000,000,000 ARROWHEAD-PALOMAR EXCESS AND SURPLUS POLICY#PE701958 INSURANCE COMPANY $25,000,000 • California Status: Non-Admitted Standard&Poor's Rating: Not Rated Best's Guide Rating: A-,Excellent;Financial Size Category IX; $250 Million to$500 Million • SUBLIMIT.• $ 25,000,000 EQ SPRINKLER LEAKAGE EXCESS UNDERLYING $ 75,000,000 EQ SPRINKLER LEAKAGE SUBLIMIT.• $ 10,000,000 FLOOD ANNUAL AGGREGATE EXCESS UNDERLYING $150,000,000 FLOOD ANNUAL AGGREGATE BOILER&MACHINERY Limit:$150,000,000 Per Occurrence/Annual Aggregate TRAVELERS PROPERTY CASUALTY POLICY#BME1-4H539532 COMPANY OF AMERICA $150,000,000 California Status: Admitted Standard&Poor's Rating: AA,Very Strong Financial Security Best's Guide Rating: A++,Superior,Financial Size Category XV; Greater than$2,000,000,000 TERRORISM Limit:$100,000,000 Per Occurrence/Annual Aggregate REINSURED BY LLOYDS POLICY# 128413412W22 $100,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent;Financial Size Category XV; Greater than$2,000,000,000 Rev:7/1/22 Page 10 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Coverage Lines • July 1,2022 to July 1,2023 This summary of insurance is provided as a matter of convenience and information only. All information included in this summary including,but not limited to,personal and real property values,locations,operations,products,data,automobile schedules,financial data and loss experience,is based on facts and representations supplied to Alliant Insurance Services,Inc. by you.This summary does not reflect any independent study or investigation by Alliant Insurance Services,Inc.or its agents and employees. This summary does not add to,extend,amend,change,or alter any coverage in any actual policy of insurance you may have. All existing policy terms,conditions,exclusions,and limitations apply. For specific information regarding your insurance coverage,please refer to the policy itself. Alliant Insurance Services,Inc.will not be liable for any claims arising from or related to information included in,or omitted from,this proposal of insurance. Alliant embraces a policy of transparency with respect to its compensation from insurance transactions.Details on our compensation policy, g types y p y,including the t es of income that Alliant may earn on a placement,are available on our website at www.alliant.com.For a • copy of our policy,or for any inquiries regarding compensation issues pertaining to your account,you may also contact us at:Alliant Insurance Services,Inc.,Attention:General Counsel,701 B Street,6th Floor,San Diego,CA 92101. Analyzing insurers'overall performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all aspects of insurance company finances and operations.Insurance brokerages such as Alliant Insurance typically rely upon rating agencies for this type of market analysis.Both A.M.Best and Standard and Poor's have been industry leaders in this • area for many decades,utilizing a combination of quantitative and qualitative analysis of the information available in formulating their ratings. A.M.Best has an extensive database of nearly 6,000 Life/Health,Property Casualty and International companies.You can visit them at www.ambest.com.For additional information regarding insurer financial strength ratings,visit Standard and Poor's website at www.standardandpoors.com. Our goal is to procure insurance for you with underwriters possessing the financial strength to perform. Alliant does not,however, guarantee the solvency of any underwriters with which insurance or reinsurance is placed and maintains no responsibility for any loss or damage arising from the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an informed decision to accept or reject a particular underwriter. To learn more about companies doing business in your state,visit the Department of Insurance website for that state. Other Disclosures/Disclaimers FATCA: The Foreign Account Tax Compliance Act(FATCA)requires the notification of certain financial accounts to the United States Internal Revenue Service. Alliant does not provide tax advice,so please contact your tax consultant for your obligation regarding FATCA. Claims Reporting: Your policy will come with specific claim reporting requirements.Please make sure you understand these obligations.Contact your Alliant Service Team with any questions. NRRA: The Non-Admitted and Reinsurance Reform Act(NRRA)went into effect on July 21,2011. Accordingly,surplus lines tax rates and regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If a change is required,we will promptly notify you. Any additional taxes and/or fees must be promptly remitted to Alliant Insurance Services,Inc. Rev:7/1/22 Page 11 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Coverage Lines • July 1,2022 to July 1,2023 Changes and Developments It is important that we be advised of any changes in your operations which may have a bearing on the validity and/or adequacy of your insurance. The types of changes that concern us include,but are not limited to,those listed below: • Changes in any operations such as expansion to another state,new products,or new applications of existing products. • Travel to any state not previously disclosed. • Mergers and/or acquisition of new companies and any change in business ownership,including percentages. • Any newly assumed contractual liability,granting of indemnities,or hold harmless agreements. • Any changes in existing premises including vacancy,whether temporary or permanent,alterations,demolition,etc. Also,any new premises either purchased,constructed or occupied. • Circumstances which may require an increased liability insurance limit. • Any changes in fire or theft protection such as the installation of or disconnection of sprinkler systems,burglar alarms,etc. This includes any alterations to the system. Immediate notification of any changes to a schedule of equipment,property,vehicles,electronic data processing,etc. • Property of yours that is in transit,unless previously discussed and/or currently insured. Certificates/Evidence of Insurance A certificate is issued as a matter of information only and confers no rights upon the certificate holder. The certificate does not affirmatively or negatively amend,extend or alter the coverage afforded by a policy. Nor does it constitute a contract between the • issuing insurer(s),authorized representative,producer or certificate holder. You may have signed contracts,leases or other agreements requiring you to provide this evidence. In those agreements,you may assume obligations and/or liability for others(Indemnification,Hold Harmless)and some of the obligations that are not covered by insurance. We recommend that you and your legal counsel review these documents. In addition to providing a certificate of insurance,you may be required to name your client or customer on your policy as an additional insured. This is only possible with permission of the insurance company,added by endorsement and,in some cases,an additional premium. By naming the certificate holder as additional insured,there are consequences to your risks and insurance policy including: • Your policy limits are now shared with other entities;their claims involvement may reduce or exhaust your aggregate limit. • Your policy may provide higher limits than required by contract;your full limits can be exposed to the additional insured. • There maybe conflicts in defense when your insurer has to defend both you and the additional insured. C A L I F 0 R N I A J � P • I , A Rev:7/1/22 Page 12 PROPERTY INSURANCE PROGRAM Property Schedule Guidelines July 1,2022 to July 1,2023 • Please provide complete information on your property schedule.Listed below are explanations of the fields and property definitions. Address Complete Address including City,State and Zip Codes. Occupancy Indicate the square footage,name of location,and the number of floors. Construction Building"Class;'Construction Type,Roof Type. The following is a list of available options for this field: A = Non-Combustible Steel Frame (Steel Frames protected with fire rated Gunite) B = All Reinforced Concrete(aka Poured in Place Concrete) C = Masonry Construction with Wood Roof • C1 = Masonry Construction with Non-Combustible Roof C3 = Concrete Block with Non-Combustible Roof C4 = Concrete Block with Combustible Roof CB = Concrete Block with Wood Roof D = All Combustible(Wood Frame including Modular Buildings) • E = Equipment(Contractor's Equipment) FR = Fire Resistive M = Mixed Non-Combustible/Combustible S = All Steel(Including Metal Frame Construction) U = Unknown V = Vehicles "Auto SPKLR" (Automatic Sprinkler System in a Building) - Indicate"YES"or"NO"and if yes,write in percent of the building which is sprinklered. If sprinklers are not applicable for the location type,please enter"N/A". Year Built In this column indicate the year of construction. "Year Apprs" Year Last Appraised-Indicate year of last appraisal at each location. Earthquake/Flood Indicate"YES"if you want to include Earthquake/Flood coverage for specified location(s);otherwise Indicate"NO". Earthquake/Flood is an Optional Coverage at specific locations available for additional premium. Note:*Flood coverage is provided in the Program to all members at all locations where there is no dedicated Earthquake/Flood coverage at specific locations based on a$10,000,000 aggregate limit applicable to all members. Real Property Value shown should represent Replacement Cost Valuation of buildings and structures.This is the cost to repair or replace the structure in the same manner (at the same location)as currently constructed. Building means real property, permanently installed equipment or fixtures,building service equipment and yard fixtures and tenants improvements if a permanent part of a leased building. Rev:7/1/22 Page 13 PROPERTY INSURANCE PROGRAM Property Schedule Guidelines July 1,2022 to July 1,2023 • Personal Property Value shown should represent Replacement Cost Valuation on Personal Property, equipment,computer systems,etc.This is the cost to repair or replace property with material of like kind and quality. Personal property means furniture,fixture, equipment,tenant improvements,and property in your care while at your location. BI/Rents Amount of annual Rental Income,Bond Revenue Payment(amount required in finance documents),Business Interruption. Computer Equipment Data processing systems including equipment and component parts owned or leased by you and data processing media (software).This equipment can be shown in one lump sum. • Fine Arts Works of Art whether located inside or outside of a building based on appraised value. Contractors Equipment Heavy-duty equipment not licensed for road use based on total replacement value. • THE DEFINITIONS AND DESCRIPTIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE OF COVERAGE. • Rev:7/1/22 Page 14 PROPERTY INSURANCE PROGRAM Definitions All Risk Property Program • July 1,2022 to July 1,2023 Real Property Buildings,structures,equipment or fixtures;machinery used for service of the building;yard fixtures;fire extinguishing equipment;outdoor furniture;floor covering and appliances,etc. Personal Property All personal property you own,including furniture,fixtures,and equipment,tenant improvements and betterments,labor,materials or services furnished or arranged by you,or personal property of others or within 1,000 ft.of the premises in the open (or within a vehicle). Business Income Form Loss to net profit before taxes that would have been earned or incurred and continuing normal operating expenses(including payroll)incurred during the time required to repair,rebuild or replace damaged property. • Rental Income- Loss of anticipated gross rental income from tenant occupancy when building Bond Obligation becomes untenable due to covered property damage. Bond Obligation:extends • the definition of rental income to include any amount in excess of normal rental income which is an obligation due under the terms and conditions of any revenue • bond,certificate of participation,or similar instrument. • Extra Expense Expenses,other than normal operating expenses,incurred to avoid or minimize the suspension of business operations. Bond Revenue Payments Financial instrument to provide construction and facilities loans to public entities. Business Continuation Expense Covers expenses incurred to continue normal operations which are over and above expenses you would have occurred had there been no loss. Electronic Data Processing Data processing systems including equipment and component parts thereof, Equipment owned by you or leased,rented or under your control as reported to the company. Also included is the active data processing media as defined within the policy and Extra Expense incurred. Blank media as well as reproduction costs are covered by the policy form. Course of Construction Coverage is provided for buildings while in the course of construction.Covers (Builder's Risk) foundations and building materials,but only while at the premises or within 100 feet thereof. Building Ordinance Coverage is provided for values of undamaged portions of building(s)or structures and cost of demolishing and clearing the site of the undamaged portions when demolishing is necessary due to the enforcement of any law or ordinance regulating the construction,repairs,replacement,demolition,zoning or land use in force at the time of the loss or damage. THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC—P FOR FULL DEFINITIONS. Rev:7/1/22 Page 15 PROPERTY INSURANCE PROGRAM Definitions All Risk Property Program • July 1,2022 to July 1,2023 Mobile and Scheduled 1. Vehicles designed principally for off-road use,i.e.,bulldozers,farm machinery, Equipment forklifts,etc. 2. Vehicles that travel on crawled treads. 3. Vehicles whether self-propelled or not which provide mobility to permanently mounted power cranes,shovels,loaders,diggers,drills or road construction or resurfacing equipment such as graders,scrapers or rollers. 4. Non self-propelled vehicles that provide mobility to permanently attached equipment of the following types:air compressors,pumps and generators including spraying,welding,building cleaning,or cherry pickers and similar devices used to raise and lower workers. 5. Non Mobile Equipment Vehicles used for snow removal,road maintenance (other than construction or resurfacing),or street cleaning equipment. If • I coverage desired,they should be scheduled. Newly Acquired Property Coverage is provided for personal property and equipment acquired after the inception of the policy. • Class A and Class B Buildings Class A means newly acquired or constructed building(s)situated at a common premises including related structures which are protected by automatic sprinklers or other fire suppression systems which have been designed and installed in accordance with the National Fire Protection Association Codes or similar International Codes. Automatic protection is to be provided in all areas which have combustible construction or occupancy. No more than ten percent(10%)of the building area is to be of frame construction. The property must be situated in an area which qualifies at least an"ISO Public Protection Class 8"or its equivalent. Class B means newly acquired or constructed buildings,which do not qualify as Class A. Earthquake Sprinkler Coverage is provided for damage resulting from water damage caused by a break in Leakage(EQSL) the sprinkler system as a result of an earthquake. Accounts Receivable All sums due you from customers,provided you are unable to collect the sums because of direct result of loss of or damage to records of accounts receivable; including interest charges on any loan to offset impaired collections pending repayment of those sums made uncorrectable by loss. Valuable Papers Direct physical loss or damage to valuable papers and records while inside or outside the premises. Valuable papers includes books,maps,films,drawings, deeds,mortgages and manuscripts,etc. Cost to research,replace or restore the lost information is covered. Fine Arts Scheduled works of art while located at an insured premises or on exhibition within the territorial limits of the policy. THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC— P FOR FULL DEFINITIONS. Rev:7/1/22 Page 16 PROPERTY INSURANCE PROGRAM Definitions All Risk Property Program • July 1,2022 to July 1,2023 Agreed Amount Endorsement Waives the policy coinsurance requirements. Builder's Risk Renovations Covers the value of improvements,alterations or repairs to buildings or structures under renovation. Consequential Loss Covered Loss as a result of a sequence of events that causes physical loss or damage not otherwise excluded to other Covered Property. We will cover the resulting physical loss or damage and the actual loss sustained under Business Income coverage during the time period as would be required with the exercise of due diligence and dispatch to repair or replace the damaged property. Consequential Coverage for the reduction in value of insured components or parts of products due • Reduction in Value to"Covered Causes of Loss." Contingent Business Income Covers any income loss sustained due to damage or destruction of property at a Contributing or Recipient property. Contingent Liability From Covers the cost of demolition of the undamaged portion of the building when there • Operation of Building Laws is need for demolition occasioned by the enforcement of a state or municipal law or ordinance. Cost of Inventory Covers cost of conducting an inventory,appraisal and preparation of loss information in connection with a covered loss. Company will not pay for a public i adjuster. Debris Removal Expenses incurred in the removal of all debris from the property covered in the policy which were incurred due to property damage to insured property. Demolition Cost Cost of demolishing any undamaged portion of covered buildings,including the cost of clearing the site. Earthquake Direct Physical Loss or damage to covered property caused by"earth movement." All"earth movement"that occurs within any one hundred sixty-eight(168) hour period will constitute a single"earth movement." "Earth movement"means: Any "earth movement"(other than sinkhole collapse),such as:Earthquake;Landslide; Mine subsidence;Earth sinking,rising,shifting;or Tsunami;Volcanic Action, explosion or effusion including airborne volcanic blast or airborne shock waves,ash, dust or particulate matter or lava flow. Elevator Collision Direct loss to elevators caused by accidental collision of any part of an elevator or of anything carried thereon with another part of the elevator or with another object. Errors and Omissions States that coverage will not be prejudiced by an unintentional delay or error or Endorsement omission in making required reports or any unintentional error in the amount or description of interests insured if notice of any such error or omission is given to the Company as soon as it becomes known to you. Fire&Ambulance Vehicles Covers on an"All Risk"basis direct physical damage to vehicles you own or lease and the equipment on the vehicle,excluding earthquake and flood. Coverage includes collision with another object or vehicle and theft. THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC— P FOR FULL DEFINITIONS. Rev:7/1/22 Page 17 PROPERTY INSURANCE PROGRAM Definitions All Risk Property Program • July 1,2022 to July 1,2023 Fire Department Covers your liability for fire department service charges assumed by a contract prior Service Charge to loss or required by local ordinance. Flood General or temporary condition of partial or complete inundation of normally dry land areas caused by the unusual and rapid accumulation or runoff of surface waters; waves;tides;tidal waves;overflow of any body of water;and their spray,all whether driven by wind or not;mudslide or mudflow. Functional Replacement Cost Covers the cost to replace property with similar property intended to perform the same function when replacement with identical property is impossible or unnecessary. ' Increased Cost of Construction Covers the increased cost of repair,rebuilding or construction resulting from • the enforcement of the minimum requirements of any state or municipal law or ordinance regulating construction or repair. Newly Acquired Locations Real Property not owned prior to the inception date of the policy but rather acquired • during the term of the policy at any location(must be reported immediately). Occurrence Limit of Liability States the Company's limit of liability will not exceed the limit stated within the policy in any one disaster or event per city. Personal Property of Others Personal property of others while in your care,custody and control for which you are and Personal Effects liable(extension does not apply to theft). Pollutant Clean Up Covers your expense to extract"pollutants"from land or water or to remove property and Removal which contains"pollutants"if caused by a loss,covered under the policy. Expenses must be reported within 180 days of damage or before end of policy period. Preservation of Property Coverage for property while it is being moved or is temporarily stored at another location in order to preserve it from loss or damage by a covered cause of loss. Property Covered Includes property leased by the named insured where the insured is required to maintain property coverage,provided property is scheduled on the policy. Property in Transit Coverage for your property or property in your care,custody and control while being transported by your vehicles,by truck drivers or by other commercial carriers. Property Off Premises Property temporarily at a location you do not own,lease or operate is covered by this contract. Radio and Telephone Radio and telephone equipment while in vehicles. Equipment Stated Amount Per Vehicle Agreed that the value stated on the automobile schedule is the actual value of the vehicle. Losses are adjusted using this reported value. THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC— P FOR FULL DEFINITIONS. Rev:7/1/22 Page 18 PROPERTY INSURANCE PROGRAM Definitions All Risk Property Program • July 1,2022 to July 1,2023 Rental Income Value (1)The total anticipated Gross Rental Income from tenant occupancy as furnished and equipped of the Insured,and (2)The amount of all charges which are the legal obligation of the tenant(s)and which would otherwise be obligations of the Insured,and (3)The fair rental value of any portion of said property which is occupied by the Insured,and(4)Any amount in excess of 1,2 and 3 (above)which is an obligation due under the terms and conditions of any revenue bond,Certificate of Participation or similar instrument. Replacement Cost Means the amount actually and necessarily expended in repairing or replacing the property with identical property on the same premises and intended for the same occupancy or use. Replacement cost does not apply to carpeting,cloth awnings,air conditioners,domestic appliances and outdoor equipment. • Tenants Improvements Fixtures,alterations,installations or additions comprising a part of the building, and Betterments which are permanent and not legally removable,which are owned by you and in • which you have an insurable interest. • Unit of Coverage In the application of the Earthquake Shock Deductible Clause and made a part of this coverage,each of the following shall be considered a Separate Unit of Coverage (a) Each Separate Building or Structure (b) The Contents of each separate Building or Structure (c) All insured Property in the open Property in each Yard (d) Applicable Time Element Coverage of each separate Building or Structure The Authority shall not be liable for loss to any Unit of Coverage covered hereunder,unless such loss exceeds the percentages stated in this MOC—P of the replacement values of such Unit of Coverage at the time when such loss shall happen,and then only for its proportion of such excess. Vacancy Permit Simply states that the vacancy loss condition exclusion within the policy does not apply. THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC— P FOR FULL DEFINITIONS. Rev:7/1/22 Page 19 PROPERTY INSURANCE PROGRAM Definitions All Risk Property Program • July 1,2022 to July 1,2023 Valuation In case of loss or damage to covered property,the basis of adjustment of any claim is as follows: A. On all real and personal property,including property of others at the replacement value,that is replacement with materials of like kind and quality, at the time of the loss without deduction for depreciation.If property is not replaced within a reasonable period of time,but no longer than five years from the date final payment is received by the member,then the actual cash value shall apply.However,on vacant property,the following valuation provisions shall apply: 1. On premises defined as vacant herein for a period in excess of 60 days and ' reported to the Authority,then actual cash value shall apply. • 2. On premises defined as vacant herein for a period in excess of 60 days and not reported to the Authority,the maximum the Authority will pay will be the actual cash value less a further 25%of actual cash value. B. On improvements and betterments at the replacement value at time of loss • without deduction for depreciation.If property is not repaired or replaced within a reasonable period of time,then the actual cash value shall apply.If replaced or repaired by others for the use of the Covered Member,there shall be no liability hereunder.The Authority agrees to accept and consider the Covered Member as sole and unconditional owner of all improvements and betterments, any contract or lease the Covered Member may have made to the contrary notwithstanding. C. On manuscripts,mechanical drawings,patterns,electronic data processing media,books of accounting and other valuable papers,the full replacement cost of the property at the time of loss(including expenses incurred to recreate the information lost,damaged or destroyed)or what it would then cost to repair, replace or reconstruct the property with other of like kind and quality.If not repaired,replaced or reconstructed within a reasonable period of time,then not to exceed the cost of blank or unexposed material. D. On antique,restored or historical buildings,the cost of acquisition,relocation to the site and renovation,restoration,reproduction or reconstruction.In the event of a partial loss,replacement cost for antique,restored or historical buildings shall mean the cost of repairing,replacing,constructing or reconstructing (whichever is less)the property on the same site using materials of like kind and quality necessary to preserve or maintain a buildings'historical significance without deduction for depreciation. THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC— P FOR FULL DEFINITIONS. Rev:7/1/22 Page 20 PROPERTY INSURANCE PROGRAM Definitions All Risk Property Program • July 1,2022 to July 1,2023 Valuation(Continued) E. On property of others for which the Covered Member is liable under written contract,written lease,or written agreement,the Authority's liability in the event of loss is limited to the Covered Member's obligation as defined in said written contract or written lease agreement. F. Recovery for loss or damage to covered vehicles and contractors'equipment/ unlicensed vehicles on or off premises,we shall not be liable for more than the cost to repair or replace the same with material of like kind and quality,except when the repair costs exceed the market value of the vehicle(as established by the most recent edition of the"Kelly Blue Book"),in which case the Scheduled Limit shall apply. G. Animals:The stated value as per schedule on file with Alliant. • H. The valuation of library contents is based on the raw costs of each category of books as established by an Authority and Covered Member agreed upon library association at time of Ioss.These figures do not include the"shelving cost"of each book as the Authority recognizes that not all books will be replaced.The • coverage for shelving is a"valuable papers"exposure. Vehicles-On Premises Coverage is provided for automobiles scheduled on the policy while they are located on your premises. Collision coverage is excluded. Vehicles Physical Damage Covers on an"All Risk"basis direct physical damage to your owned or leased auto including collision with another object or vehicle,excluding earthquake and flood. Automobile theft is covered. Act of Terrorism Act of Terrorism: The words"Act of Terrorism"means an act or series of acts, including but not limited to the use of force or violence,of any person or group(s) of persons,whether acting alone or on behalf of or in connection with any organization(s),committed for political,religious or ideological or similar purposes, including the intention to influence any government and/or to put the public,or any section of the public,in fear for such purposes. Unit of Coverage In the application of the Earthquake Shock Deductible Clause and made a part of this coverage,each of the following shall be considered a Separate Unit of Coverage (a) Each Separate Building or Structure (b) The Contents of each separate Building or Structure (c) All insured Property in the open Property in each Yard (d) Applicable Time Element Coverage of each separate Building or Structure The Authority shall not be liable for loss to any Unit of Coverage covered hereunder unless such loss exceeds the percentages stated in this MOC-P of the replacement values of such Unit of Coverage at the time when such loss shall happen,and then only for its proportion of such excess. THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC— P FOR FULL DEFINITIONS. Rev:7/1/22 Page 21 PROPERTY INSURANCE PROGRAM Coverage Detail All Risk Coverage • Covered Parties California Joint Powers Insurance Authority and participating members Primary Policy Reinsured By Lloyds(85%)/Markel-Evanston Ins Co.(15%) Policy Number #13128410009W22/#MKLV5XPR000974 Excess policies per Schedule of Insurers *A.M.Best Guide Rating Lloyds:A,Excellent,Financial Size Category XV Greater than$2,000,000,000 Markel-Evanston Ins Co:A,Excellent,Financial Size Category XV, Greater than$2,000,000,000 • *Standard&Poor's Rating Lloyds:A+,Strong Financial Security Markel-Evanston Ins Co:A,Strong Financial Security California Status Lloyds:Non-Admitted Evanston Ins Co:Non-Admitted • Protection Period July 1,2022, 12:01 AM to July 1,2023, 12:01 AM • Coverage Scheduled property of every description of an insurable nature,both real Section A—"All Risk" (including vehicles)and personal (including improvements and betterments)of the insured member,or property of others in the care,custody or control of the Insured member for which the Insured member is liable or under obligation to keep insured,located at an insured location or within 1,000 feet thereof to the extent of the interest of the Insured member in such property.The interest of additional covered parties and/or loss payees are automatically included. *SEE LAST PAGE FOR ADDITIONAL DETAILS THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS,SEE THE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1,2022 Rev:7/1/22 Page 22 PROPERTY INSURANCE PROGRAM Coverage Detail All Risk Coverage • Limits/Coverage $ 500,000,000 Per Occurrence shared by all members-"All Risks"of Direct Physical Loss or Damage to Real and Personal Property and Business Interruption as more fully described in the Memorandum of Coverage-Property or excess insurance policies. (Limit shared by all program members) $ 200,000,000 Per occurrence shared by all members and in the annual aggregate as respects Earthquake Shock for those locations that Covered Members specifically purchase Earthquake Shock coverage. $ 200,000,000 Per occurrence shared by all members and in the annual • aggregate as respects Flood for those locations that Covered Members specifically purchase Earthquake Shock coverage. • $ 10,000,000 Per occurrence shared by all members and in the annual aggregate as respects Flood for those locations that the Covered • Members do not purchase Earthquake Shock coverage. $ 200,000,000 In the annual aggregate-The maximum amount recoverable hereunder in respect of all Flood. I $ 200,000,000 In the annual aggregate-The maximum amount recoverable in respects of Earthquake Shock. Sublimits $ 125,000,000 Earthquake Sprinkler Leakage $ 75,000,000 Ordinance or Law(Building Laws,Demolition Cost and Increased Cost of Construction)in respect Earthquake Shock and Flood only per occurrence and in the annual aggregate. $ 50,000,000 Final Contract Value in respect of Real Property in the Course of Construction including new projects at new locations.Includes Earthquake Shock and Flood for existing Covered Members reported within 60 days. Excludes Earthquake Shock and Flood for new Covered Members. $ 25,000,000 Newly Acquired Property per building or structure for existing Covered Members.Includes Earthquake Shock for existing Covered Members that already purchase Earthquake Shock, when the new location is reported within 60 days. I $ 25,000,000 Newly Acquired Property per building or structure for new Covered Members reported within 60 days.Excludes Earthquake Shock for new insured members. THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS,SEE THE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1,2022 Rev:7/1/22 Page 23 PROPERTY INSURANCE PROGRAM Coverage Detail All Risk Coverage • sublimits(Continued) $ 5,000,000 Newly Acquired for all piers,docks,wharves and dams per member reported within 60 days.Includes Earthquake Shock and Flood for existing Covered Members that already purchase earthquake shock,when the new location is reported within 60 days.Excludes Earthquake Shock and Flood for new Covered Members. $ 2,000,000 Per occurrence as respects Off Premises Services Business Interruption including Extra Expense. $ 5,000,000 Unscheduled or Temporary Locations • $ 2,500,000 Scheduled Vacant Property $ 10,000,000 Errors and Omissions $ 5,000,000 Per occurrence and in the annual aggregate inclusive of • resultant Time Element coverages as respects scheduled landscaping,tees,sand traps,greens and natural athletic fields and subject to a$25,000/48-inch box maximum per item for trees and shrubs.This coverage is excluding any amount recoverable from Federal Emergency Management Agency (F.E.M.A.)and/or any State Office of Emergency Services(O.E.S.) declared disasters,providing said declaration provides funding for repairs. $ 500,000 Per occurrence and $1,000,000 in the annual aggregate as respects unscheduled landscaping,tees,sand traps,greens and natural athletic fields and subject to a $25,000/48-inch box maximum per item for trees and shrubs.This coverage is excluding any amount recoverable from Federal Emergency Management Agency(FEMA)and/or any State Office of Emergency Services(O.E.S.)declared disasters,providing said declaration provides funding for repairs. $ 1,000,000 Per occurrence as respects unscheduled tunnels,bridges,dams, catwalks(except those not for public use),roadways,highways, streets,sidewalks,(and related appurtenances)culverts, streetlights and traffic signals. $ 25,000,000 Tax Revenue Interruption Protection per occurrence $ 500,000 Animals $ 250,000 Per occurrence and in the annual aggregate as respects Rewards $ 250,000 Newly Acquired Fine Arts per insured member. THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS,SEE THE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1,2022 Rev:7/1/22 Page 24 PROPERTY INSURANCE PROGRAM Coverage Detail All Risk Coverage • Section B Terrorism Limits/Coverage Limits $ 100,000,000 Per occurrence and in the annual aggregate as respects Acts of Terrorism and Sabotage. Sublimits $ 25,000,000 Off-Premises Services $ 25,000,000 Contingent Time Element and coverage in respect of Direct Customers and Suppliers only. $ 10,000,000 Worldwide Transit • Deductibles $ 10,000 Per occurrence,all perils and property including fire and All Risk ambulance vehicles and vehicles on the premises and boats, except as indicated by peril or type of property below: $ 2,500 Per occurrence,radio and telephone equipment in vehicles • $ 2,500 Per occurrence,auto physical damage—comprehensive $ 2,500 Per occurrence,auto physical damage—collision $ 2,500 Per occurrence,sea doos $ 250,000 Per occurrence,unscheduled tunnels,bridges,dams,catwalks (except those not for public use),roadways,highways,streets, sidewalks,culverts,street lights and traffic signals $ 100,000 Per occurrence,unscheduled property,unless vacant in which case there is no coverage $ 500,000 Per occurrence for vacant scheduled buildings Flood $ 100,000 Per occurrence except: I $ 250,000 Locations in Flood Zones A and V Per Member Per Occurrence $ 500,000 Per occurrence,per pier for Flood and/or Wavewash For unscheduled property,whether vacant or not,the Flood deductible shall be the greater of the Flood deductible above,or the applicable"All Risk"deductible. Earthquake Shock 5% Per unit of insurance subject to a minimum of$100,000 per occurrence Terrorism $ 10,000 Any One Occurrence 24 Hr Waiting Period for Service Interruption THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS,SEE THE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1,2022 Rev:7/1/22 Page 25 PROPERTY INSURANCE PROGRAM Coverage Detail All Risk Coverage • Claims Reporting Complete the incident reporting form on the California JPIA website,CJPIA.org, and report to: Alliant Insurance Services,Inc. Robert Frey,Claims Manager Akbar Sharif,Claims Advocate-Lead 100 Pine St., 11th Floor San Francisco,CA 94111 Phone:415-403-1400 Fax: 415-403-1466 Broker Alliant Insurance Services,Inc. • Irvine,CA Dennis Mulqueeney,Senior Vice President Robert Lowe,First Vice President Christopher Gray,Account Executive • • THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS,SEE THE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1,2022 Rev:7/1/22 Page 26 PROPERTY INSURANCE PROGRAM Coverage Detail All Risk Coverage • This summary of insurance is provided as a matter of convenience and information only. All information included in this summary including,but not limited to,personal and real property values,locations,operations,products,data,automobile schedules, financial data and loss experience,is based on facts and representations supplied to Alliant Insurance Services,Inc.by you.This summary does not reflect any independent study or investigation by Alliant Insurance Services,Inc.or its agents and employees. This summary does not add to,extend,amend,change,or alter any coverage in any actual policy of insurance you may have. All existing policy terms,conditions,exclusions,and limitations apply. For specific information regarding your insurance coverage, please refer to the policy itself. Alliant Insurance Services,Inc.will not be liable for any claims arising from or related to information included in or omitted from this proposal of insurance. Alliant embraces a policy of transparency with respect to its compensation from insurance transactions.Details on our compensation policy, including the types of income that Alliant may earn on a placement are available on our website at www.alliont.com. For a copy of our policy, or for any inquiries regarding compensation issues pertaining to your account you may also contact us at.Alliant Insurance Services,Inc., • Attention:General Counsel,701 B Street 6th Floor,San Diego,CA 92101. Analyzing insurers'overall performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all aspects of insurance company finances and operations.Insurance brokerages such as Alliant Insurance typically rely upon rating agencies for this type of market analysis.Both A.M.Best and Standard and Poor's have been industry leaders in this area for many decades,utilizing a • combination of quantitative and qualitative analysis of the information available in formulating their ratings. • A.M.Best has an extensive database of nearly 6,000 Life/Health,Property Casualty and International companies.You can visit them at www.ambest.com.For additional information regarding insurer financial strength ratings,visit Standard and Poor's website at www.standardandpoors.com. Our goal is to procure insurance for you with underwriters possessing the financial strength to perform. Alliant does not however,guarantee the solvency of any underwriters with which insurance or reinsurance is placed and maintains no responsibility for any loss or damage arising from the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an informed decision to accept or reject a particular underwriter. To learn more about companies doing business in your state,visit the Department of Insurance website for that state. OTHER DISCLOSURES/DISCLAIMERS FATCA The Foreign Account Tax Compliance Act(FATCA)requires the notification of certain financial accounts to the United States Internal Revenue Service. Alliant does not provide tax advice,so please contact your tax consultant for your obligation regarding FATCA. CLAIMS REPORTING Your policy will come with specific claim reporting requirements.Please make sure you understand these obligations.Contact your Alliant Service Team with any questions. NRRA The Non-Admitted and Reinsurance Reform Act(NRRA)went into effect on July 21,2011. Accordingly,surplus lines tax rates and regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If a change is required,we will promptly notify you. Any additional taxes and/or fees must be promptly remitted to Alliant Insurance Services,Inc. THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS,SEE THE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1,2022 Rev:7/1/22 Page 27 PROPERTY INSURANCE PROGRAM Coverage Detail All Risk Coverage • CHANGES AND DEVELOPMENTS It is important that we be advised of any changes in your operations which may have a bearing on the validity and/or adequacy of your insurance. The types of changes that concern us include,but are not limited to,those listed below: • Changes in any operations such as expansion to another state,new products,or new applications of existing products. • Travel to any state not previously disclosed. • Mergers and/or acquisition of new companies and any change in business ownership,including percentages. • Any newly assumed contractual liability,granting of indemnities,or hold harmless agreements. • Any changes in existing premises including vacancy,whether temporary or permanent,alterations,demolition,etc. Also,any new premises either purchased,constructed or occupied. • Circumstances which may require an increased liability insurance limit. • Any changes in fire or theft protection such as the installation of,or disconnection of,sprinkler systems,burglar alarms,etc. This includes any alterations to the system. Immediate notification of any changes to a schedule of equipment,property,vehicles,electronic data processing,etc. • Property of yours that is in transit,unless previously discussed and/or currently insured. CERTIFICATES/EVIDENCE OF INSURANCE A certificate is issued as a matter of information only and confers no rights upon the certificate holder. The certificate does not affirmatively or negatively amend,extend or alter the coverage afforded by a policy. Nor does it constitute a contract between the • issuing insurer(s),authorized representative,producer or certificate holder. • You may have signed contracts,leases or other agreements requiring you to provide this evidence. In those agreements,you may assume obligations and/or liability for others(Indemnification,Hold Harmless)and some of the obligations that are not covered by insurance. We recommend that you and your legal counsel review these documents. In addition to providing a certificate of insurance,you may be required to name your client or customer on your policy as an additional insured. This is only possible with permission of the insurance company,added by endorsement and,in some cases,an additional premium. By naming the certificate holder as additional insured,there are consequences to your risks and insurance policy including: • Your policy limits are now shared with other entities;their claims involvement may reduce or exhaust your aggregate limit. • Your policy may provide higher limits than required by contract;your full limits can be exposed to the additional insured. • There may be conflicts in defense when your insurer has to defend both you and the additional insured. THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS,SEETHE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1,2022 Rev:7/1/22 Page 28 PROPERTY INSURANCE PROGRAM Member Roster All Risk Coverage • July 1,2022 to July 1,2023 Agoura Hills Lakewood Rollin Hills Estates g Coastal Animal g Agoura Hills Calabasas Services Authority LA-RICS Rosemead Community Center Authority Commerce Lawndale Rossmoor CSD Alhambra Dana Point Loma Linda San Clemente Aliso Viejo Desert Recreation District Lomita San Dimas Apple Valley Diamond Bar Malibu San Gabriel Arroyo Grande Duarte Mammoth Lakes San Juan Capistrano Artesia Eastern Sierra Transit District Midpeninsula Regional San Luis Obispo Atascadero El Centro Open Space District San Marcos • Azusa Fillmore Mission Viejo San Marino Bell Gardens Goleta Monterey Peninsula Santa Clarita Bellflower Grand Terrace Regional Park District Santa Fe Springs • Big Bear City Community Grover Beach Monrovia Santa Paula • Services District Guadalupe Moorpark Seal Beach Big Bear Lake Hawaiian Gardens Morro Bay Seaside Bishop Hemet Mountain Area Regional Signal Hill Black Gold Library Hidden Hills Transit Authority Solvang Cooperative Library System Imperial Needles South El Monte Bradbury Indian Wells Norwalk Southeast Area Animal Control Brawley Indio Ojai Authority(SEAACA) Buellton Irwindale Pacific Grove Southern California Association Calabasas La Canada Flintridge Palm Desert of Governments California JPIA La Habra Heights Palos Verdes Estates Stanton Camarillo La Mirada Paramount Temple City Carpinteria La Palma Paso Robles Ventura Port District Cerritos La Puente Pismo Beach Villa Park Cerritos Center for the La Quinta Port Hueneme Walnut Performing Arts La Verne Port Hueneme West Cities Police Chino Hills Laguna Niguel Housing Authority Communications JPA Claremont Laguna Woods Poway West Covina Coachella Valley Association Lake Elsinore Rancho Palos Verdes Westlake Village of Governments Lake Forest Rolling Hills Rev:7/1/22 Page 29 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Risk Coverage • July 1,2022 to July 1,2023 PRIMARY ALL RISK INCLUDING EARTHQUAKE,EQ SPRINKLER LEAKAGE&FLOOD COVERAGE PROVIDED ON STRUCTURES,CONTENTS&VEHICLES Limit:$25,000,000 Per Occurrence REINSURED BY LLOYDS OF LONDON POLICY#BI28410009W22 $21,250,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 • REINSURED BY MARKEL-EVANSTON POLICY#MKLV5XPR000974 INSURANCE COMPANY $3,750,000 • California Status: Non-Admitted Standard&Poor's Rating: A,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 FLOOD FOR NON-EARTHQUAKE LOCATIONS-Sub-limit:$10,000,000 Annual Aggregate , EXCESS ALL RISK INCLUDING EARTHQUAKE,EQ SPRINKLER LEAKAGE&FLOOD Limit:$75,000,000 Excess of$25,000,000 BERKSHIRE POLICY#42-XPR-322654-01 $5,625,000 California Status: Admitted Standard&Poor's Rating: AA+,Very Strong Financial Security Best's Guide Rating: A+,Superior;Financial Size Category XV; Greater than$2,000,000,000 LANDMARK AMERICAN INS.CO. POLICY# LHD428856 $3,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A+,Superior;Financial Size Category XIV, $1,500,000,000 to$2,000,000,000 Rev:7/1/22 Page 30 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Risk Coverage • July 1,2022 to July 1,2023 EXCESS ALL RISK INCLUDING EARTHQUAKE,EQ SPRINKLER LEAKAGE&FLOOD Limit:$10,000,000 Excess of$25,000,000 LLOYDS OF LONDON(AXA) POLICY#B 1 28410009W22 $8,300,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 • LLOYDS OF LONDON(UNICORN) POLICY#13128424899W22 $550,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security • Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 i EXCESS ALL RISK INCLUDING EARTHQUAKE,EQ SPRINKLER LEAKAGE&FLOOD Limit:$65,000,000 Excess$35,000,000 BMS-LLOYDS OF LONDON POLICY#1312841001 OW22 $20,800,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 BMS-LLOYDS OF LONDON POLICY#B12842491 OW22 $2,216,500 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 ARCH SPECIALTY INSURANCE COMPANY POLICY#ESP7300392-09 $5,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A+,Superior;Financial Size Category XV; Greater than$2,000,000,000 Rev:7/1/22 Page 31 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Risk Coverage • July 1,2022 to July 1,2023 [I�RONSHORE SPECIALTY INSURANCE COMPANY POLICY# 1000538800-01 2,525,000 California Status: Non-Admitted Standard&Poor's Rating: A,Strong Financial Security Best's Guide Rating: A,Excellent;Financial Size Category XV; Greater than$2,000,000,000 HALLMARK SPECIALTY INSURANCE COMPANY POLICY#73PRX22AE78 $6,500,000 California Status: Non-Admitted • Standard&Poor's Rating: Not Rated Best's Guide Rating: A-,Excellent;Financial Size Category VIII; $100 Million to$250 Million • MUNICHRE-THE PRINCETON EXCESS AND POLICY#N1-A3-XP-0000030-00 SURPLUS LINES INSURANCE COMPANY $5,000,000 California Status: Non-Admitted Standard&Poor's Rating: AA-,Very Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV; Greater than$2,000,000,000 KEMAH CAPITAL-NATIONAL FIRE&MARINE POLICY#DF00032547 INSURANCE COMPANY $3,250,000 California Status: Non-Admitted Standard&Poor's Rating: AA+,Very Strong Financial Security Best's Guide Rating: A++,Superior,Financial Size Category XV; Greater than$2,000,000,000 SWISSRE POLICY#ESP 2005578 00 $3,500,000 California Status: Not Rated Standard&Poor's Rating: Best's Guide Rating: Rev:7/1/22 Page 32 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Risk Coverage • July 1,2022 to July 1,2023 CORE SPECIALTY-STARSTONE SPECIALTY POLICY#N89362220CSP INSURANCE COMPANY $5,484,000 California Status: Non-Admitted Standard&Poor's Rating: Not Rated Best's Guide Rating: A-,Excellent,Financial Size Category XII; $1 Billion to$1.25 Billion VELOCITY RISK UNDERWRITERS,LLC POLICY#2022-9004457-01 $3,250,000 • Certain Underwriters at Lloyds and other POLICY#VRN-CN-0004457-01 Insurers subscribing to Binding Authority B604510568622022(21%) • California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security • Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 • Certain Underwriters at Lloyds, POLICY#VRN-CN-0004457-01 London-Syndicate 2357(31%) California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 Endependent Specialty Insurance Company(35%) POLICY#VRN-CN-0004457-01 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 • Interstate Fire&Casualty Company(13%) POLICY#VRN-CN-0004457-01 California Status: Non-Admitted Standard&Poor's Rating: AA+,Very Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV; Greater than$2,000,000,00 Rev:7/1/22 Page 33 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Risk Coverage • July 1,2022 to July 1,2023 DIC INCLUDING EARTHQUAKE AND FLOOD,EXCLUDING EQ SPRINKLER LEAKAGE Limit:$50,000,000 Excess$100,000,000 ARROWHEAD-GENERAL SECURITY POLICY#TR0001486-13443-22 INDEMNITY CO.OF ARIZONA $10,000,000 California Status: Non-Admitted Standard&Poor's Rating: AA-,Very Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV; Greater than$2,000,000,000 • ARROWHEAD-OLD REPUBLIC UNION POLICY#ORARIM001 261-00 INSURANCE COMPANY $10,000,000 • California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV; Greater than$2,000,000,000 ARROWHEAD-EVEREST INDEMNITY COMPANY POLICY#8400009968-221 $25,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV, Greater than$2,000,000,000 ARROWHEAD-LEXINGTON INSURANCE COMPANY POLICY#043403482 $5,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 Rev:7/1/22 Page 34 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Risk Coverage • July 1,2022 to July 1,2023 EXCESS ALL RISK EXCLUDING EARTHQUAKE SHOCK AND FLOOD,INCLUDING EQSL Limit:$50,000,000 Excess$100,000,000 MARKEL-EVANSTON INSURANCE COMPANY POLICY#MKLV5XPR000974 $6,250,000 California Status: Non-Admitted Standard&Poor's Rating: A,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 • HALLMARK SPECIALTY INSURANCE COMPANY POLICY#73PRX22AE79 $5,000,000 California Status: Non-Admitted Standard&Poor's Rating: Not Rated • Best's Guide Rating: A-,Excellent;Financial Size Category VIII; $100 Million to$250 Million LLOYDS OF LONDON-ATRIUM ANDTOKYO MARINE POLICY#B128422387W22 $7,500,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent;Financial Size Category XV; Greater than$2,000,000,000 MUNICHRE-THE PRINCETON EXCESS AND SURPLUS POLICY#78-A3-XP-0000813-01 LINES INSURANCE COMPANY $25,000,000 California Status: Non-Admitted Standard&Poor's Rating: AA-,Very Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV; Greater than$2,000,000,000 AXIS SURPLUS INSURANCE COMPANY POLICY#ELF654136-22 $6,250,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 Rev:7/1/22 Page 35 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Risk Coverage • July 1,2022 to July 1,2023 EXCESS ALL RISK EXCLUDING EARTHQUAKE SHOCK AND FLOOD Limit:$350,000,000 Excess$150,000,000 LANDMARK AMERICAN INSURANCE COMPANY POLICY#LHD428857 $175,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XIV, $1,500,000,000 to$2,000,000,000 • CHUBB LONDON POLICY#B128422306W22 $175,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security • Best's Guide Rating: A,Excellent;Financial Size Category XV; Greater than$2,000,000,000 EARTHQUAKE SHOCK AND FLOOD EXCLUDING EQSL Limit:$50,000,000 Excess$150,000,000 ARROWHEAD-QBE SPECIALTY INSURANCE COMPANY POLICY#ESE20250-00 $5,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 ARROWHEAD-GENERAL SECURITY INDEMNITY CO. POLICY#TR0001486-13447-22 OF ARIZONA $10,000,000 California Status: Non-Admitted Standard&Poor's Rating: AA-,Very Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV; Greater than$2,000,000,000 Rev:7/1/22 Page 36 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Risk Coverage • July 1,2022 to July 1,2023 ARROWHEAD-LEXINGTON INSURANCE COMPANY POLICY#043403483 $10,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent;Financial Size Category XV; Greater than$2,000,000,000 ARROWHEAD-PALOMAR EXCESS AND SURPLUS POLICY#PE701958 INSURANCE COMPANY $25,000,000 • California Status: Non-Admitted Standard&Poor's Rating: Not Rated Best's Guide Rating: A-,Excellent;Financial Size Category IX; $250 Million to$500 Million • SUBLIMIT.• $ 25,000,000 EQ SPRINKLER LEAKAGE EXCESS UNDERLYING $ 75,000,000 EQ SPRINKLER LEAKAGE SUBLIMIT.• $ 10,000,000 FLOOD ANNUAL AGGREGATE EXCESS UNDERLYING $150,000,000 FLOOD ANNUAL AGGREGATE BOILER&MACHINERY E Limit:$150,000,000 Per Occurrence/Annual Aggregate TRAVELERS PROPERTY CASUALTY POLICY#BME1-4H539532 COMPANY OF AMERICA $150,000,000 California Status: Admitted Standard&Poor's Rating: AA,Very Strong Financial Security Best's Guide Rating: A++,Superior,Financial Size Category XV; Greater than$2,000,000,000 TERRORISM Limit:$100,000,000 Per Occurrence/Annual Aggregate REINSURED BY LLOYDS POLICY# 128413412W22 $100,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent;Financial Size Category XV; Greater than$2,000,000,000 Rev:7/1/22 Page 37 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Risk Coverage • July 1,2022 to July 1,2023 This summary of insurance is provided as a matter of convenience and information only. All information included in this summary, including but not limited to personal and real property values,locations,operations,products,data,automobile schedules, financial data and loss experience,is based on facts and representations supplied to Alliant Insurance Services,Inc.by you.This summary does not reflect any independent study or investigation by Alliant Insurance Services,Inc.or its agents and employees. This summary does not add to,extend,amend,change,or alter any coverage in any actual policy of insurance you may have. All existing policy terms,conditions,exclusions,and limitations apply. For specific information regarding your insurance coverage, please refer to the policy itself. Alliant Insurance Services,Inc.will not be liable for any claims arising from or related to information included in or omitted from this proposal of insurance. Alliant embraces a policy of transparency with respect to its compensation from insurance transactions.Details on our compensation policy, including the types of income that Alliant may earn on a placement are available on our website at www.alliont.com. For a copy of our policy, or for any inquiries regarding compensation issues pertaining to your account you may also contact us at.Alliant Insurance Services,Inc., • Attention:General Counsel,701 B Street 6th Floor,San Diego,CA 92101. Analyzing insurers'overall performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all aspects of insurance company finances and operations.Insurance brokerages such as Alliant Insurance typically rely upon rating agencies for this type of market analysis.Both A.M.Best and Standard and Poor's have been industry leaders in this area for many decades,utilizing a • combination of quantitative and qualitative analysis of the information available in formulating their ratings. A.M.Best has an extensive database of nearly 6,000 Life/Health,Property Casualty and International companies.You can visit them at www.ambest.com.For additional information regarding insurer financial strength ratings,visit Standard and Poor's website at www.standardandpoors.com. Our goal is to procure insurance for you with underwriters possessing the financial strength to perform. Alliant does not however,guarantee the solvency of any underwriters with which insurance or reinsurance is placed and maintains no responsibility for any loss or damage arising from the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an informed decision to accept or reject a particular underwriter. To learn more about companies doing business in your state,visit the Department of Insurance website for that state. OTHER DISCLOSURES/DISCLAIMERS FATCA: The Foreign Account Tax Compliance Act(FATCA)requires the notification of certain financial accounts to the United States Internal Revenue Service. Alliant does not provide tax advice,so please contact your tax consultant for your obligation regarding FATCA. CLAIMS REPORTING: Your policy will come with specific claim reporting requirements. Please make sure you understand these obligations. Contact your Alliant Service Team with any questions. NRRA: The Non-Admitted and Reinsurance Reform Act(NRRA)went into effect on July 21,2011. Accordingly,surplus lines tax rates and regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If a change is required,we will promptly notify you. Any additional taxes and/or fees must be promptly remitted to Alliant Insurance Services,Inc. Rev:7/1/22 Page 38 PROPERTY INSURANCE PROGRAM Schedule of Insurers All Risk Coverage • July 1,2022 to July 1,2023 CHANGES AND DEVELOPMENTS It is important that we be advised of any changes in your operations which may have a bearing on the validity and/or adequacy of your insurance. The types of changes that concern us include,but are not limited to,those listed below: • Changes in any operations such as expansion to another state,new products,or new applications of existing products. • Travel to any state not previously disclosed. • Mergers and/or acquisition of new companies and any change in business ownership,including percentages. • Any newly assumed contractual liability,granting of indemnities,or hold harmless agreements. • Any changes in existing premises including vacancy,whether temporary or permanent,alterations,demolition,etc. Also,any new premises either purchased,constructed or occupied. • Circumstances which may require an increased liability insurance limit. • Any changes in fire or theft protection such as the installation of,or disconnection of,sprinkler systems,burglar alarms,etc. This includes any alterations to the system. Immediate notification of any changes to a schedule of equipment,property,vehicles,electronic data processing,etc. • Property of yours that is in transit,unless previously discussed and/or currently insured. CERTIFICATES/EVIDENCE OF INSURANCE A certificate is issued as a matter of information only and confers no rights upon the certificate holder. The certificate does not affirmatively or negatively amend,extend or alter the coverage afforded by a policy. Nor does it constitute a contract between the • issuing insurer(s),authorized representative,producer or certificate holder. You may have signed contracts,leases or other agreements requiring you to provide this evidence. In those agreements,you may assume obligations and/or liability for others(Indemnification,Hold Harmless)and some of the obligations that are not covered by insurance. We recommend that you and your legal counsel review these documents. In addition to providing a certificate of insurance,you may be required to name your client or customer on your policy as an additional insured. This is only possible with permission of the insurance company,added by endorsement and,in some cases,an additional premium. By naming the certificate holder as additional insured,there are consequences to your risks and insurance policy including: • Your policy limits are now shared with other entities;their claims involvement may reduce or exhaust your aggregate limit. • Your policy may provide higher limits than required by contract;your full limits can be exposed to the additional insured. • There may be conflicts in defense when your insurer has to defend both you and the additional insured. C A L I F 0 R N IA J , P , I , A Rev:7/1/22 Page 39 PROPERTY INSURANCE PROGRAM Coverage Detail Earthquake& Flood Coverage • (Optional Coverage) Covered Parties California Joint Powers Insurance Authority and participating members Primary Policy Reinsured By Lloyds(85%)/Markel-Evanston Ins Co.(15%) Policy Number #B128410009W22/#MKLV5XPR000974 Excess policies per Schedule of Insurers A.M.Best Guide Rating Lloyds:A,Excellent,Financial Size Category XV Greater than $2,000,000,000 Markel-Evanston Ins Co:A,Excellent,Financial Size Category XV;Greater than$2,000,000,000 Standard&Poor's Rating Lloyds:A+,Strong Financial Security • Markel-Evanston Ins Co:A,Strong Financial Security California Status Lloyds:Non-Admitted Evanston Ins Co:Non-Admitted • Protection Period July 1,2022,12:01 AM to July 1,2023, 12:01 AM Limits/Coverage $200,000,000 Per Occurrence and in the Annual Aggregate as respects Earthquake Shock for those locations that insured members specifically purchase Earthquake Shock coverage. $200,000,000 Per Occurrence and in the Annual Aggregate as respects Flood for those locations that insured members specifically purchase Earthquake Shock coverage. $ 10,000,000 Per Occurrence and in the Annual Aggregate as respects Flood for those locations that the insured members do not purchase Earthquake Shock coverage. $200,000,000 in the Annual Aggregate-the maximum amount recoverable hereunder in respect of all Flood $200,000,000 in the Annual Aggregate-the maximum amount recoverable in respects of Earthquake Shock Covered Property Property declared on property schedule on file with the Company and Alliant Insurance Services is covered. THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS,SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1,2022 Rev:7/1/22 Page40 PROPERTY INSURANCE PROGRAM Coverage Detail Earthquake&Flood Coverage • (Optional Coverage) Deductible Flood $100,000 per occurrence except$250,000 per occurrence,per Insured Member in respect of locations situated wholly or partially within a Special Flood Hazard Area (SFHA),areas as defined by the Federal Emergency Management Agency(FEMA). SFHA is defined as the area that will be inundated by the flood event having a one percent chance of being equaled or exceed in any given year. Flood in respect of Piers $500,000 per occurrence,per pier. Earthquake Shock 5%per unit of insurance subject to a minimum deductible of • i $100,000 per occurrence. Valuation Replacement Cost Major Exclusions Newly acquired or constructed buildings,personal property or unnamed • (Including but not limited to) premises unless values declared and endorsed hereon Asbestos,pollution and contamination • Mold,mildew,fungus,bacteria,virus,condensation • Wet or dry rot(excess carriers only) • Flood Zones A and V(excess carriers only) • Theft • Terrorism Claims Reporting Complete the incident reporting form on the California JPIA website, CJPIA.org and report to: Alliant Insurance Services,Inc. Robert Frey,Claims Manager Akbar Sharif,Claims Advocate-Lead 100 Pine St., 11th Floor San Francisco,CA.94111 Phone: 415-403-1400 Fax: 415-403-1466 Broker Alliant Insurance Services,Inc. Irvine,CA Dennis Mulqueeney,Senior Vice President Robert Lowe,First Vice President Christopher Gray,Account Executive THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS,SEE THE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1,2022 Rev:7/1/22 Page 41 PROPERTY INSURANCE PROGRAM Coverage Detail Earthquake&Flood Coverage • (Optional Coverage) This summary of insurance is provided as a matter of convenience and information only. All information included in this summary,including but not limited to personal and real property values,locations,operations,products,data,automobile schedules,financial data and loss experience,is based on facts and representations supplied to Alliant Insurance Services,Inc. by you.This summary does not reflect any independent study or investigation by Alliant Insurance Services,Inc.or its agents and employees. This summary does not add to,extend,amend,change,or alter any coverage in any actual policy of insurance you may have. All existing policy terms,conditions,exclusions,and limitations apply. For specific information regarding your insurance coverage,please refer to the policy itself. Alliant Insurance Services,Inc.will not be liable for any claims arising from or related to information included in,or omitted from,this proposal of insurance. Alliant embraces a policy of transparency with respect to its compensation from insurance transactions.Details on our compensation policy, g types y p y,including the t es of income that Alliant may earn on a placement,are available on our website at www.alliant.com.For a • copy of our policy,or for any inquiries regarding compensation issues pertaining to your account,you may also contact us at:Alliant Insurance Services,Inc.,Attention:General Counsel,701 B Street,6th Floor,San Diego,CA 92101. Analyzing insurers'overall performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all aspects of insurance company finances and operations.Insurance brokerages such as Alliant Insurance typically • rely upon rating agencies for this type of market analysis.Both A.M.Best and Standard and Poor's have been industry leaders in this area for many decades,utilizing a combination of quantitative and qualitative analysis of the information available in formulating their ratings. A.M.Best has an extensive database of nearly 6,000 Life/Health,Property Casualty and International companies.You can visit them at www.ambest.com.For additional information regarding insurer financial strength ratings,visit Standard and Poor's website at www.standardandpoors.com. Our goal is to procure insurance for you with underwriters possessing the financial strength to perform. Alliant does not,however, guarantee the solvency of any underwriters with which insurance or reinsurance is placed and maintains no responsibility for any loss or damage arising from the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an informed decision to accept or reject a particular underwriter. To learn more about companies doing business in your state,visit the Department of Insurance website for that state. Other Disclosures/Disclaimers FATCA: The Foreign Account Tax Compliance Act(FATCA)requires the notification of certain financial accounts to the United States Internal Revenue Service. Alliant does not provide tax advice,so please contact your tax consultant for your obligation regarding FATCA. Claims Reporting: Your policy will come with specific claim reporting requirements. Please make sure you understand these obligations. Contact your Alliant Service Team with any questions. NRRA: The Non-Admitted and Reinsurance Reform Act(NRRA)went into effect on July 21,2011. Accordingly,surplus lines tax rates and regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If a change is required,we will promptly notify you. Any additional taxes and/or fees must be promptly remitted to Alliant Insurance Services,Inc. Rev:7/1/22 Page 42 PROPERTY INSURANCE PROGRAM Coverage Detail Earthquake&Flood Coverage • (Optional Coverage) Changes and Developments It is important that we be advised of any changes in your operations which may have a bearing on the validity and/or adequacy of your insurance. The types of changes that concern us include,but are not limited to,those listed below: • Changes in any operations such as expansion to another states,new products,or new applications of existing products. • Travel to any state not previously disclosed. • Mergers and/or acquisition of new companies and any change in business ownership,including percentages. • Any newly assumed contractual liability,granting of indemnities,or hold harmless agreements. • Any changes in existing premises including vacancy,whether temporary or permanent,alterations,demolition,etc. Also,any new premises either purchased,constructed or occupied. • Circumstances which may require an increased liability insurance limit. • Any changes in fire or theft protection such as the installation of or disconnection of sprinkler systems,burglar alarms,etc. This includes any alterations to the system. Immediate notification of any changes to a schedule of equipment,property,vehicles,electronic data processing,etc. • Property of yours that is in transit,unless previously discussed and/or currently insured. Certificates/Evidence of Insurance A certificate is issued as a matter of information only and confers no rights upon the certificate holder. The certificate does not affirmatively or negatively amend,extend or alter the coverage afforded by a policy. Nor does it constitute a contract between the • issuing insurer(s),authorized representative,producer or certificate holder. You may have signed contracts,leases or other agreements requiring you to provide this evidence. In those agreements,you may assume obligations and/or liability for others(Indemnification,Hold Harmless)and some of the obligations that are not covered by insurance. We recommend that you and your legal counsel review these documents. In addition to providing a certificate of insurance,you may be required to name your client or customer on your policy as an additional insured. This is only possible with permission of the insurance company,added by endorsement and,in some cases,an additional premium. By naming the certificate holder as additional insured,there are consequences to your risks and insurance policy including: • Your policy limits are now shared with other entities;their claims involvement may reduce or exhaust your aggregate limit. • Your policy may provide higher limits than required by contract;your full limits can be exposed to the additional insured. • There maybe conflicts in defense when your insurer has to defend both you and the additional insured. Rev:7/1/22 Page 43 PROPERTY INSURANCE PROGRAM Coverage Definitions Earthquake&Flood Coverage • July 1,2022 to July 1,2023 Earthquake Shock Subject to the terms and conditions of the MOC—P,earthquake shock coverage is provided to those members who purchase it. Generally,with respect to the peril of earthquake shock,any and all losses from this cause within a one hundred sixty-eight(168) hour period shall be deemed to be one loss.The Covered Member may elect the moment from which each of the aforesaid periods of one hundred sixty-eight(168)hours shall be deemed to have commenced,but no two such one hundred sixty-eight(168)hour periods shall overlap. The Authority shall not be liable for any loss caused by an earthquake shock occurring before the effective date and time of this MOC—P.The Authority will be liable for any losses occurring for a period of up to one hundred sixty- eight(168) hours after the expiration of this MOC—P,provided that the first • earthquake shock loss or damage within that one hundred sixty-eight(168) hours occurs prior to the date and time of the expiration of this MOC—P. In the event of there being a difference of opinion between the Covered Member and the Authority as to whether or not all earthquake shock losses sustained by • the Covered Member during an elected period of one hundred sixty-eight(168) hours arose out of,or were caused by,a single earthquake shock,the stated opinion of the National Earthquake Shock Information Service of the United States Department of the Interior or comparable Authority in any other country or locality shall govern as to whether or not a single earthquake shock continued throughout the period at the locations involved. The term earthquake shock is defined as:earth movement,landslide,subsidence, earth sinking,rising or shifting,including collapse,cracking,or shifting of buildings,structures or their parts,caused by a shaking or trembling of the earth that is tectonic in origin.The definition of earthquake shock does not include ensuing loss CAUSED BY FIRE,EXPLOSION SPRINKLER LEAKAGE or FLOOD.Further Earthquake Sprinkler Leakage is covered outside of the"Earthquake Shock" definition,and subject to the basic peril deductible. THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFERTO THE MOC—P FOR FULL DEFINITIONS. Rev:7/1/22 Page 44 PROPERTY INSURANCE PROGRAM Coverage Definitions Earthquake&Flood Coverage • July 1,2022 to July 1,2023 Flood Subject to the terms and conditions of the MOC—P,flood coverage is provided to those members who purchase it. Generally,each loss by flood shall constitute a single loss hereunder. (a)If any flood occurs within a period of the continued rising or overflow of any river(s)or stream(s)and the subsidence of same within the banks of such river(s)or stream(s);or (b)If any flood results from any tsunami,tidal wave or series of tidal waves caused by any one disturbance,such flood shall be deemed to be a single occurrence within the meaning of this MOC—P. Should any time period referred to above extend beyond the expiration date of this MOC—P,and commence prior to expiration,the Authority shall pay all such • flood losses occurring during such period as if such period fell entirely within the term of this MOC—P. The Authority shall not be liable,however,for any loss caused by any flood occurring before the effective date and time of this MOC—P or commencing after the expiration date and time of this MOC—P. • Flood shall mean a general condition of partial or complete inundation of normally dry land area from: (c)overflow of inland or tidal water (d) unusual and rapid accumulation or run off of surface waters from any source. Flood shall also mean mudslide or mudflow,which is a river or flow of liquid mud caused by flooding as defined in(a)or(b)above. The definition of flood does not include ensuing loss or damage CAUSED BY FIRE,EXPLOSION OR SPRINKLER LEAKAGE. THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFERTO THE MOC—P FOR FULL DEFINITIONS. Rev:7/1/22 Page 45 PROPERTY INSURANCE PROGRAM Member Roster Earthquake&Flood Coverage • July 1,2022 to July 1,2023 Alhambra La Verne Artesia Lomita Azusa Malibu Bellflower Mammoth Lakes Bell Gardens Mission Viejo Big Bear Lake Moorpark Bishop Morro Bay Bradbury Mountain Area Regional Transit Authority Brawley Needles • Buellton Norwalk California JPIA Ojai Camarillo Paramount Carpinteria Pismo Beach • Chino Hills Port Hueneme Claremont Rancho Palos Verdes Commerce Rolling Hills Estates Dana Point San Clemente Desert Recreation District San Dimas Duarte San Juan Capistrano Fillmore San Marcos Hawaiian Gardens Santa Fe Springs Hidden Hills Santa Paula Indian Wells Seal Beach Indio Seaside Irwindale Signal Hill Laguna Woods Southeast Area Animal Control Authority Lakewood South El Monte Lake Forest Stanton Lawndale Temple City La Canada Flintridge Villa Park La Mirada Westlake Village La Palma Rev:7/1/22 Page 46 PROPERTY INSURANCE PROGRAM Schedule of Insurers Earthquake&Flood Coverage • July 1,2022 to July 1,2023 EARTHQUAKE&FLOOD(INCLUDING EARTHQUAKE SPRINKLER LEAKAGE) COVERAGE PROVIDED ON STRUCTURES,CONTENTS&VEHICLES Limit.$25,000,000 Per Occurrence REINSURED BY LLOYDS POLICY#13128410009W22 $21,250,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security LBest's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 • (— REINSURED BY MARKEL-EVANSTON POLICY#MKLV5PPR000974 $3,750,000 California Status: Non-Admitted(Evanston Ins Co) • Standard&Poor's Rating: A,Strong Financial Security • L—Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than$2,000,000,000 FLOOD FOR NON-EARTHQUAKE L EXCESS ALL RISK INCLUDING EARTHQUAKE,EQ SPRINKLER LEAKAGE&FLOOD Limit:75,000,000 Excess of$25,000,000 BERKSHIRE POLICY#42-XPR-322654-01 $5,625,000 California Status: Admitted Standard&Poor's Rating: AA+,Very Strong Financial Security Best's Guide Rating: A+,Superior;Financial Size Category XV; Greater than$2,000,000,000 LANDMARK AMERICAN INS.CO. POLICY#LHD428856 $3,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A+,Superior;Financial Size Category XV; $1,500,000,000 to$2,000,000,000 Rev:7/1/22 Page 47 PROPERTY INSURANCE PROGRAM Schedule of Insurers Earthquake&Flood Coverage • July 1,2022 to July 1,2023 R EXCESS ALL RISK INCLUDING EARTHQUAKE,EQ SPRINKLER LEAKAGE&FLOOD Limit:$10,000,000 Excess of$25,000,000 MR LLOYDS OF LONDON(AXA) POLICY#B12841001 OW22 $8,300,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than $2,000,000,000 • LLOYDS OF LONDON(UNICORN) POLICY#B128424899W22 $550,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security • Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than $2,000,000,000 L EXCESS ALL RISK INCLUDING EARTHQUAKE,EQ SPRINKLER LEAKAGE&FLOOD Limit:$65,000,000 Excess of$35,000,000 -M BMS-LLOYDS OF LONDON POLICY#B12841001OW22 $20,800,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than $2,000,000,000 BMS-LLOYDS OF LONDON POLICY#B12842491 OW22 $2,216,500 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV, Greater than $2,000,000,000 ARCH SPECIALTY INSURANCE COMPANY POLICY#ESP7300392-09 $5,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV; Greater than $2,000,000,000 Rev:7/1/22 Page 48 PROPERTY INSURANCE PROGRAM Schedule of Insurers Earthquake&Flood Coverage • July 1,2022 to July 1,2023 [I�RO NSHORE SPECIALTY INSURANCE COMPANY POLICY# 1000538800-01 2,525,000 California Status: Non-Admitted Standard&Poor's Rating: A,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than $2,000,000,000 HALLMARK SPECIALTY INSURANCE COMPANY POLICY#73PRX22AE78 $6,500,000 California Status: Non-Admitted • Standard&Poor's Rating: Not Rated Best's Guide Rating: A-,Excellent,Financial Size Category XV, $100 Million to$250 Million • MUNICHRE-THE PRINCETON EXCESS AND POLICY#N1-A3-XP-0000030-00 SURPLUS LINES INSURANCE COMPANY $5,000,000 California Status: Non-Admitted Standard&Poor's Rating: AA-,Very Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV, Greater than $2,000,000,000 KEMAH CAPITAL-NATIONAL FIRE&MARINE POLICY#DF00032547 INSURANCE COMPANY $3,250,000 California Status: Non-Admitted Standard&Poor's Rating: AA+,Very Strong Financial Security Best's Guide Rating: A++,Superior,Financial Size Category XV; Greater than $2,000,000,000 SWISSRE POLICY#ESP 2005578 00 $3,500,000 California Status: Not Rated Standard&Poor's Rating: Best's Guide Rating: CORE SPEC IALTY-STARSTO N E POLICY#N89362220CSP SPECIALTY INSURANCE COMPANY $5,484,000 California Status: Non-Admitted Standard&Poor's Rating: A-,Excellent,Financial Size Category XII, Best's Guide Rating: $1 Billion to$1.25 Billion Rev:7/1/22 Page 49 PROPERTY INSURANCE PROGRAM Schedule of Insurers Earthquake&Flood Coverage • July 1,2022 to July 1,2023 VELOCITY RISK UNDERWRITERS,LLC POLICY#2022-9004457-01 $3,250,000 • Certain Underwriters at Lloyds and other POLICY#VRN-CN-0004457-01 Insurers subscribing to Binding Authority B604510568622022(21%) California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV, Greater than $2,000,000,000 • Certain Underwriters at Lloyds, POLICY#VNB-CN-0004457-01 London-Syndicate 2357(31%) California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security • Best's Guide Rating: A,Excellent,Financial Size Category XV, Greater than$2,000,000,000 • Independent Specialty Insurance Company(35%) POLICY#VUX-CN-0004457-01 California Status: Non-Admitted Standard&Poor's Rating: Not Rated Best's Guide Rating: A,Excellent,Financial Size Category X; $500 Million to$750 Million • Interstate Fire&Casualty Company(13%) POLICY#VRX-CN-0004457-01 California Status: Non-Admitted Standard&Poor's Rating: AA+,Very Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV; Greater than$2,000,000,000 Rev:7/1/22 Page 50 PROPERTY INSURANCE PROGRAM Schedule of Insurers Earthquake&Flood Coverage • July 1,2022 to July 1,2023 DIC INCLUDING EARTHQUAKE AND FLOOD,EXCLUSING EQ SPRINKLER LEAKAGE r Limit: $50,000,000 Excess$100,000,000 ARROWHEAD-GENERAL SECURITY POLICY#TR0001486-13443-22 INDEMNITY CO.OF ARIZONA $10,000,000 California Status: Non-Admitted Standard&Poor's Rating: AA-,Very Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV; Greater than $2,000,000,000 • ARROWHEAD-OLD REPUBLIC POLICY#ORARIM001261-00 UNION INSURANCE COMPANY $10'000,000 • California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV, Greater than $2,000,000,000 ARROWHEAD-LEXINGTON INSURANCE COMPANY POLICY#043403482 $5'000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent;Financial Size Category XV, Greater than $2,000,000,000 ARROWHEAD-EVEREST INDEMNITY POLICY# 8400009968-221 INSURANCE COMPANY $25,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A+,Superior;Financial Size Category XV; Greater than $2,000,000,000 Rev:7/1/22 Page 51 PROPERTY INSURANCE PROGRAM Schedule of Insurers Earthquake&Flood Coverage • July 1,2022 to July 1,2023 EXCESS ALL RISK EXCLUDING EARTHQUAKE SHOCK AND FLOOD,INCLUDING EQSL r Limit:$50,000,000 Excess$700,000,000 Am MARKEL-EVANSTON INSURANCE COMPANY POLICY#MKLV5XPR000974 $6,250,000 California Status: Non-Admitted Standard&Poor's Rating: A,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV; Greater than $2,000,000,000 • HALLMARK SPECIALTY INSURANCE COMPANY POLICY#73PRX22AE79 $5'000,000 California Status: Non-Admitted Standard&Poor's Rating: Not Rated • Best's Guide Rating: A-,Excellent,Financial Size Category Vill; $100 Million to$250 Million LLOYDS-ATRIUM AND TOKYO MARINE POLICY# B128422387W22 $7,500,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV, Greater than $2,000,000,000 MUNICHRE-THE PRINCETON EXCESS AND SURPLUS POLICY#78-A3-XP-0000813-01 LINES INSURANCE COMPANY $25,000,000 California Status: Non-Admitted Standard&Poor's Rating: AA-,Very Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV; Greater than $2,000,000,000 AXIS SURPLUS INSURANCE COMPANY POLICY#ELF654136-22 $25,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent,Financial Size Category XV, Greater than $2,000,000,000 Rev:7/1/22 Page 52 PROPERTY INSURANCE PROGRAM Schedule of Insurers Earthquake&Flood Coverage • July 1,2022 to July 1,2023 EXCESS ALL RISK EXCLUDING EARTHQUAKE SHOCK AND FLOOD Ewit.$350,000,000 Excess$150,000,000 ■ LANDMARK AMERICAN INS CO POLICY#LHD428857 $175,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XIV; $1,500,000,000 to$2,000,000,000 • CHUBB LONDON POLICY#B128422306W22 $175,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security • Best's Guide Rating: A,Excellent;Financial Size Category XV, Greater than $2,000,000,000 EARTHQUAKE SHOCK AND FLOOD EXCLUDING EQSL Limit:$50,000,000 Excess$200,000,000 ARROWHEAD-QBE SPECIALTY POLICY#ESE20250-00 INSURANCE COMPANY $5,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent;Financial Size Category XV; Greater than $2,000,000,000 ARROWHEAD-GENERAL SECURITY POLICY#TR0001486-13447-22 INDEMNITY CO.OF ARIZONA $10,000,000 California Status: Non-Admitted Standard&Poor's Rating: AA-,Very Strong Financial Security Best's Guide Rating: A+,Superior,Financial Size Category XV, Greater than $2,000,000,000 Rev:7/1/22 Page 53 PROPERTY INSURANCE PROGRAM Schedule of Insurers Earthquake&Flood Coverage • July 1,2022 to July 1,2023 ARROWHEAD-LEXINGTON INSURANCE COMPANY POLICY#043403483 $10,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent;Financial Size Category XV, Greater than $2,000,000,000 ARROWHEAD-PALOMAR EXCESS AND SURPLUS POLICY#PE701958 INSURANCE COMPANY $25,000,000 • California Status: Non-Admitted Standard&Poor's Rating: Not Rated Best's Guide Rating: A-,Excellent;Financial Size Category IX; $250 Million to$500 Million • • SUBLIMIT.• $ 25,000,000 EQ SPRINKLER LEAKAGE EXCESS UNDERLYING $ 75,000,000 EQ SPRINKLER LEAKAGE SUBLIMIT.• $ 10,000,000 FLOOD ANNUAL AGGREGATE EXCESS UNDERLYING $150,000,000 FLOOD ANNUAL AGGREGATE Rev:7/1/22 Page 54 PROPERTY INSURANCE PROGRAM Schedule of Insurers Earthquake&Flood Coverage • July 1,2022 to July 1,2023 This summary of insurance is provided as a matter of convenience and information only. All information included in this summary,including but not limited to personal and real property values,locations,operations,products,data,automobile schedules,financial data and loss experience,is based on facts and representations supplied to Alliant Insurance Services,Inc. by you.This summary does not reflect any independent study or investigation by Alliant Insurance Services,Inc.or its agents and employees. This summary does not add to,extend,amend,change,or alter any coverage in any actual policy of insurance you may have. All existing policy terms,conditions,exclusions,and limitations apply. For specific information regarding your insurance coverage,please refer to the policy itself. Alliant Insurance Services,Inc.will not be liable for any claims arising from or related to information included in,or omitted from,this proposal of insurance. Alliant embraces a policy of transparency with respect to its compensation from insurance transactions.Details on our compensation policy, g types y p y,including the t es of income that Alliant may earn on a placement,are available on our website at www.alliant.com.For a • copy of our policy,or for any inquiries regarding compensation issues pertaining to your account,you may also contact us at:Alliant Insurance Services,Inc.,Attention:General Counsel,701 B Street,6th Floor,San Diego,CA 92101. Analyzing insurers'overall performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all aspects of insurance company finances and operations.Insurance brokerages such as Alliant Insurance typically rely upon rating agencies for this type of market analysis.Both A.M.Best and Standard and Poor's have been industry leaders in this • area for many decades,utilizing a combination of quantitative and qualitative analysis of the information available in formulating their ratings. A.M.Best has an extensive database of nearly 6,000 Life/Health,Property Casualty and International companies.You can visit them at www.ambest.com.For additional information regarding insurer financial strength ratings,visit Standard and Poor's website at www.standardandpoors.com. Our goal is to procure insurance for you with underwriters possessing the financial strength to perform. Alliant does not,however, guarantee the solvency of any underwriters with which insurance or reinsurance is placed and maintains no responsibility for any loss or damage arising from the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an informed decision to accept or reject a particular underwriter. To learn more about companies doing business in your state,visit the Department of Insurance website for that state. OTHER DISCLOSURES/DISCLAIMERS FATCA: The Foreign Account Tax Compliance Act(FATCA)requires the notification of certain financial accounts to the United States Internal Revenue Service. Alliant does not provide tax advice,so please contact your tax consultant for your obligation regarding FATCA. Claims Reporting: Your policy will come with specific claim reporting requirements. Please make sure you understand these obligations. Contact your Alliant Service Team with any questions. NRRA: The Non-Admitted and Reinsurance Reform Act(NRRA)went into effect on July 21,2011. Accordingly,surplus lines tax rates and regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If a change is required,we will promptly notify you. Any additional taxes and/or fees must be promptly remitted to Alliant Insurance Services,Inc. Rev:7/1/22 Page 55 PROPERTY INSURANCE PROGRAM Schedule of Insurers Earthquake&Flood Coverage • July 1,2022 to July 1,2023 Changes and Developments It is important that we be advised of any changes in your operations which may have a bearing on the validity and/or adequacy of your insurance. The types of changes that concern us include,but are not limited to,those listed below: • Changes in any operations such as expansion to another states,new products,or new applications of existing products. • Travel to any state not previously disclosed. • Mergers and/or acquisition of new companies and any change in business ownership,including percentages. • Any newly assumed contractual liability,granting of indemnities,or hold harmless agreements. • Any changes in existing premises including vacancy,whether temporary or permanent,alterations,demolition,etc. Also,any new premises either purchased,constructed or occupied. • Circumstances which may require an increased liability insurance limit. • Any changes in fire or theft protection such as the installation of or disconnection of sprinkler systems,burglar alarms,etc. This includes any alterations to the system. Immediate notification of any changes to a schedule of equipment,property,vehicles,electronic data processing,etc. • Property of yours that is in transit,unless previously discussed and/or currently insured. Certificates/Evidence of Insurance A certificate is issued as a matter of information only and confers no rights upon the certificate holder. The certificate does not affirmatively or negatively amend,extend or alter the coverage afforded by a policy. Nor does it constitute a contract between the • issuing insurer(s),authorized representative,producer or certificate holder. You may have signed contracts,leases or other agreements requiring you to provide this evidence. In those agreements,you may assume obligations and/or liability for others(Indemnification,Hold Harmless)and some of the obligations that are not covered by insurance. We recommend that you and your legal counsel review these documents. In addition to providing a certificate of insurance,you may be required to name your client or customer on your policy as an additional insured. This is only possible with permission of the insurance company,added by endorsement and,in some cases,an additional premium. By naming the certificate holder as additional insured,there are consequences to your risks and insurance policy including: • Your policy limits are now shared with other entities;their claims involvement may reduce or exhaust your aggregate limit. • Your policy may provide higher limits than required by contract;your full limits can be exposed to the additional insured. • There maybe conflicts in defense when your insurer has to defend both you and the additional insured. Rev:7/1/22 Page 56 PROPERTY INSURANCE PROGRAM Coverage Detail Mechanical Breakdown Coverage • July 1,2022 to July 1,2023 Covered Parties California Joint Powers Insurance Authority and participating members Mechanical Breakdown is covered only if purchased separately from All Risk Insurance Company/ Travelers Property Casualty Company of America Policy Number Policy Number: BME1-41-1539532 *A.M.Best Guide Rating A++,Superior;Financial Size Category XV Greater than $2,000,000,000 *Standard&Poor's Rating AA,Very Strong Financial Security ' California Status Admitted • Protection Period July 1,2022, 12:01 AM to July 1,2023, 12:01 AM Limits/Coverage Physical Damage coverage for sudden and accidental breakdown of boilers&machinery and electrical injury • $150,000,000 Combined Limit $ 2,500,000 Extra Expense(100%period of restoration) $ 2,500,000 Expediting Expense $ 2,500,000 Ammonia Contamination $ 2,500,000 Water Damage $ 2,500,000 Hazardous Substance $ 2,500,000 Demolition and Increased Cost of Construction Comprehensive Property Damage Coverage • Repair or Replacement Coverage • Including Production Machinery Business Interruption/Extra Expense Coverage • Limit of Loss: Included in Combined Limit • Form: Actual Loss Sustained Form • Deductible: 24 Hours,Combined BI/EE Utility Interruption Coverage • Limit of Loss: $2,500,000 • Waiting Period: 24 Hours,Separate • Utility Supplier: Any Public or Private Utility-direct supply • Service Covered:Water,Gas Electricity,Steam,Refrigeration and Telephone Covered Property Real Property(only)declared on property schedule on file with the Authority and Alliant Insurance Services *SEE LAST PAGE FOR ADDITIONAL DETAILS THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS,SEE THE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1,2022 Rev:7/1/22 Page 57 PROPERTY INSURANCE PROGRAM Coverage Detail Mechanical Breakdown Coverage • July 1,2022 to July 1,2023 Deductibles $5,000 Property Damage $5,000 Extra Expense 24 Hrs. Utility Interruption Valuation Replacement Cost Perils Not Covered Earth Movement (Including but not limited to) Nuclear Hazard • War and Military Action • Certified Acts of Terrorism ' I TRIA • Claims Reporting Complete the incident reporting form on the California JPIA website,CJPIA.org, and report to: Alliant Insurance Services,Inc. Robert Frey,Claims Manager • Akbar Sharif,Claims Advocate-Lead 100 Pine St., 11th Floor San Francisco,CA 94111 Phone:415-403-1400 Fax: 415-403-1466 Broker Alliant Insurance Services,Inc. Irvine,CA Dennis Mulqueeney,Senior Vice President Robert Lowe,First Vice President Christopher Gray,Account Executive THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS,SEE THE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1,2022 Rev:7/1/22 Page 58 PROPERTY INSURANCE PROGRAM Coverage Detail Mechanical Breakdown Coverage • July 1,2022 to July 1,2023 This summary of insurance is provided as a matter of convenience and information only. All information included in this summary including,but not limited to,personal and real property values,locations,operations,products,data,automobile schedules,financial data and loss experience,is based on facts and representations supplied to Alliant Insurance Services,Inc. by you.This summary does not reflect any independent study or investigation by Alliant Insurance Services,Inc.or its agents and employees. This summary does not add to,extend,amend,change,or alter any coverage in any actual policy of insurance you may have. All existing policy terms,conditions,exclusions,and limitations apply. For specific information regarding your insurance coverage,please refer to the policy itself. Alliant Insurance Services,Inc.will not be liable for any claims arising from or related to information included in,or omitted from,this proposal of insurance. Alliant embraces a policy of transparency with respect to its compensation from insurance transactions.Details on our compensation policy,including the types of income that Alliant may earn on a placement,are available on our website at www.alliant.com.For a p Y.� 9 YP Y p copy • of our policy,or for any inquiries regarding compensation issues pertaining to your account,you may also contact us at: Alliant Insurance Services,Inc.,Attention:General Counsel,701 B Street,6th Floor,San Diego,CA 92101. Analyzing insurers'overall performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all aspects of insurance company finances and operations.Insurance brokerages such as Alliant Insurance typically • rely upon rating agencies for this type of market analysis.Both A.M.Best and Standard and Poor's have been industry leaders in this area for many decades,utilizing a combination of quantitative and qualitative analysis of the information available in formulating their ratings. A.M.Best has an extensive database of nearly 6,000 Life/Health,Property Casualty and International companies.You can visit them at www.ambest.com.For additional information regarding insurer financial strength ratings,visit Standard and Poor's website at www.standardandpoors.com. Our goal is to procure insurance for you with underwriters possessing the financial strength to perform. Alliant does not,however, guarantee the solvency of any underwriters with which insurance or reinsurance is placed and maintains no responsibility for any loss or damage arising from the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an informed decision to accept or reject a particular underwriter. To learn more about companies doing business in your state,visit the Department of Insurance website for that state. Other Disclosures/Disclaimers FATCA: The Foreign Account Tax Compliance Act(FATCA)requires the notification of certain financial accounts to the United States Internal Revenue Service. Alliant does not provide tax advice,so please contact your tax consultant for your obligation regarding FATCA. Claims Reporting: Your policy will come with specific claim reporting requirements. Please make sure you understand these obligations. Contact your Alliant Service Team with any questions. NRRA: The Non-Admitted and Reinsurance Reform Act(NRRA)went into effect on July 21,2011. Accordingly,surplus lines tax rates and regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If a change is required,we will promptly notify you. Any additional taxes and/or fees must be promptly remitted to Alliant Insurance Services,Inc. THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS,SEE THE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1,2022 Rev:7/1/22 Page 59 PROPERTY INSURANCE PROGRAM Coverage Detail Mechanical Breakdown Coverage • July 1,2022 to July 1,2023 Changes and Developments It is important that we be advised of any changes in your operations which may have a bearing on the validity and/or adequacy of your insurance. The types of changes that concern us include,but are not limited to,those listed below: • Changes in any operations such as expansion to another state,new products,or new applications of existing products. • Travel to any state not previously disclosed. • Mergers and/or acquisition of new companies and any change in business ownership,including percentages. • Any newly assumed contractual liability,granting of indemnities,or hold harmless agreements. • Any changes in existing premises including vacancy,whether temporary or permanent,alterations,demolition,etc. Also,any new premises either purchased,constructed or occupied. • Circumstances which may require an increased liability insurance limit. • Any changes in fire or theft protection such as the installation of or disconnection of sprinkler systems,burglar alarms,etc. This includes any alterations to the system. Immediate notification of any changes to a schedule of equipment,property,vehicles,electronic data processing,etc. • Property of yours that is in transit,unless previously discussed and/or currently insured. Certificates/Evidence of Insurance A certificate is issued as a matter of information only and confers no rights upon the certificate holder. The certificate does not affirmatively or negatively amend,extend or alter the coverage afforded by a policy. Nor does it constitute a contract between the • issuing insurer(s),authorized representative,producer or certificate holder. You may have signed contracts,leases or other agreements requiring you to provide this evidence. In those agreements,you may assume obligations and/or liability for others(Indemnification,Hold Harmless)and some of the obligations that are not covered by insurance. We recommend that you and your legal counsel review these documents. In addition to providing a certificate of insurance,you may be required to name your client or customer on your policy as an additional insured. This is only possible with permission of the insurance company,added by endorsement and,in some cases,an additional premium. By naming the certificate holder as additional insured,there are consequences to your risks and insurance policy including: • Your policy limits are now shared with other entities;their claims involvement may reduce or exhaust your aggregate limit. • Your policy may provide higher limits than required by contract;your full limits can be exposed to the additional insured. • There may be conflicts in defense when your insurer has to defend both you and the additional insured. THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS,SEE THE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1,2022 Rev:7/1/22 Page 60 PROPERTY INSURANCE PROGRAM Coverage Definitions Mechanical Breakdown Coverage • July 1,2022 to July 1,2023 Mechanical breakdown coverage is rated on total real property values only. Examples of real property values are:buildings, structures,water treatment plants,reservoirs,pump stations,bridges,etc.It does not include values for personal property, mobile equipment,vehicles,fine arts,or vacant land. Vacant land is excluded on property policies.It is rated on total real property values to ensure coverage is provided at all locations. Items insured are: Boilers and Pressure Vessels Typical examples are:boilers of all types,fired water heaters,air tanks,steam chests,steam cookers,sterilizers,stills,refrigeration vessels and piping. "Accidents"or losses to these items normally involve five areas:explosion, cracking or rupturing,distortion and melting. • Machinery This can be subdivided into mechanical and electrical equipment. Typical examples of mechanical equipment are compressors(air or refrigeration),pumps, blowers,turbines(steam,water,gas)and gears. Examples of electrical equipment are motors,generators,switchboards,and transformers. "Accidents"or losses • to these items normally involve burning out,short circuiting,melting,cracking, explosion and breaking. Definitions: Accident Sudden and accidental breakdown of an object or a part thereof resulting in physical damage to the object that necessitates repair or replacement. Ammonia Contamination Ammonia contacting or permeating property under refrigeration or in process requiring refrigeration. Business Interruption- Pays for actual loss resulting from a total or partial interruption of business and Actual Loss reasonable expenses incurred to reduce the period of interruption up to the limit of insurance written. Combined Business Interruption Combination coverage form that provides coverage for loss of business and and Extra Expense reasonable expenses incurred to reduce the period of interruption up to the limit of insurance written. Comprehensive Coverage All insurable boiler objects that can be covered excluding coverage for (Excluding Production Machinery) production machineyou'ry. Comprehensive Coverage All insurable boiler and machinery objects that can be covered including coverage (Including Production Machinery) for production machinery. Consequential Damage Loss due to spoilage from lack of power,light,heat,steam,or refrigeration resulting from an accident. THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC— P FOR FULL DEFINITIONS. Rev:7/1/22 Page 61 PROPERTY INSURANCE PROGRAM Coverage Detail Mechanical Breakdown Coverage • July 1,2022 to July 1,2023 Electrical Objects Rotating electrical machines,transformers,induction feeder regulators, miscellaneous electrical apparatus,and/or solid state rectifier units. Extra Expense Extra expenses incurred during a period of restoration in order to continue operations as normally as possible following an accident to an object. Extra expense means the cost of operating the business minus what the cost of operations would have been had no accident occurred. Hazardous Substance Cleanup,repair or replacement or disposal of damaged,contaminated or polluted property as a result of an accident which causes property to become damaged, contaminated or polluted by a substance declared hazardous to health by an authorized governmental agency. • Mechanical Objects Objects including engines,pumps,compressors,fans,blowers,gear wheels, enclosed gear sets,wheels and shafting,deep-well pumps, miscellaneous machines. • Media Coverage Loss to all forms of electronic,magnetic and optical tapes and discs used in any electronic computer or electronic data processing equipment directly damaged • by an accident to an object. Object Any equipment or apparatus owned by,leased by,or operated under the control of the insured shown in the Boiler and Machinery declarations. Pressure and Refrigeration Includes boilers,fired vessels,electric steam generators,steam piping and valves, unfired vessels,refrigerating and air conditioning vessels and piping,small compressing and refrigerating units,air conditioning units. Turbine Objects I Includes turbines,combustor and other parts of a gas turbine unit,components on any shaft of a driving turbine,mechanical or hydraulic governing mechanisms. Utility Interruption Loss caused by an accident to an object that is owned,operated or controlled by a public or private entity contracted to furnish electrical utility service including direct electrical suppliers. Water Damage Loss including salvage expense to property damaged by water resulting in any one accident. THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFERTO THE MOC—P FOR FULL DEFINITIONS. Rev:7/1/22 Page 62 PROPERTY INSURANCE PROGRAM Member Roster Mechanical Breakdown Coverage • July 1,2022 to July 1,2023 Agoura Hills Grover Beach Ojai Agoura Hills Calabasas Guadalupe Palm Desert Community Center Authority Hawaiian Gardens Palos Verdes Estates Alhambra Hemet Paramount AlisoViejo Hidden Hills Paso Robles Apple Valley Imperial Pismo Beach Arroyo Grande Indian Wells Port Hueneme Artesia Indio Port Hueneme Housing Authority Atascadero Irwindale Poway • Azusa La Canada Flintridge Rancho Palos Verdes Bell Gardens La Habra Heights Rolling Hills Bellflower La Mirada Rolling Hills Estates Big Bear City Community Services District La Palma Rosemead • Big Bear Lake La Puente San Clemente Bishop La Quinta San Dimas Bradbury La Verne San Gabriel Brawley Laguna Niguel San Juan Capistrano Buellton Laguna Woods San Luis Obispo Calabasas Lake Elsinore San Marcos California JPIA Lake Forest San Marino Camarillo Lakewood Santa Clarita Carpinteria LA-RICS Santa Fe Springs Cerritos Lawndale Santa Paula Cerritos Center for the Performing Arts Loma Linda Seal Beach Chino Hills Lomita Seaside Claremont Malibu Signal Hill Commerce Mammoth Lakes Solvang Dana Point Midpeninsula Regional Open Space District South El Monte Desert Recreation District Mission Viejo Southeast Area Animal Control Authority Diamond Bar Monrovia (SEAACA) Duarte Monterey Peninsula Regional Park District Stanton Eastern Sierra Transit Authority(ESTA) Moorpark Temple City El Centro Morro Bay Ventura Port District Fillmore Mountain Area Regional Transit Authority Villa Park Goleta Needles Walnut Grand Terrace Norwalk Westlake Village Rev:7/1/22 Page 63 PROPERTY INSURANCE PROGRAM Schedule of Insurers Mechanical Breakdown Coverage • July 1,2022 to July 1,2023 MECHANICAL BREAKDOWN COVERAGE-Limit.- $150,000,000 PerAccident TRAVELERS PROPERTY CASUALTY POLICY#BME1-41­1539532 COMPANY OF AMERICA $150,000,000 California Status: Admitted Standard&Poor's Rating: AA,Very Strong Financial Security Best's Guide Rating: A++,Superior,Financial Size Category XV, Greater than $2,000,000,000 • • C A L I F 0 R N I i , I' , I Rev:7/1/22 Page 64 PROPERTY INSURANCE PROGRAM Schedule of Insurers Mechanical Breakdown Coverage • July 1,2022 to July 1,2023 This summary of insurance is provided as a matter of convenience and information only. All information included in this summary including,but not limited to,personal and real property values,locations,operations,products,data,automobile schedules,financial data and loss experience,is based on facts and representations supplied to Alliant Insurance Services,Inc. by you.This summary does not reflect any independent study or investigation by Alliant Insurance Services,Inc.or its agents and employees. This summary does not add to,extend,amend,change,or alter any coverage in any actual policy of insurance you may have. All existing policy terms,conditions,exclusions,and limitations apply. For specific information regarding your insurance coverage,please refer to the policy itself. Alliant Insurance Services,Inc.will not be liable for any claims arising from or related to information included in,or omitted from,this proposal of insurance. Alliant embraces a policy of transparency with respect to its compensation from insurance transactions.Details on our compensation policy,including the types of income that Alliant may earn on a placement,are available on our website at www.alliant.com.For a p Y.� 9 YP Y p copy • of our policy,or for any inquiries regarding compensation issues pertaining to your account,you may also contact us at: Alliant Insurance Services,Inc.,Attention:General Counsel,701 B Street,6th Floor,San Diego,CA 92101. Analyzing insurers'overall performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all aspects of insurance company finances and operations.Insurance brokerages such as Alliant Insurance typically • rely upon rating agencies for this type of market analysis.Both A.M.Best and Standard and Poor's have been industry leaders in this area for many decades,utilizing a combination of quantitative and qualitative analysis of the information available in formulating their ratings. A.M.Best has an extensive database of nearly 6,000 Life/Health,Property Casualty and International companies.You can visit them at www.ambest.com.For additional information regarding insurer financial strength ratings,visit Standard and Poor's website at www.standardandpoors.com. Our goal is to procure insurance for you with underwriters possessing the financial strength to perform. Alliant does not,however, guarantee the solvency of any underwriters with which insurance or reinsurance is placed and maintains no responsibility for any loss or damage arising from the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an informed decision to accept or reject a particular underwriter. To learn more about companies doing business in your state,visit the Department of Insurance website for that state. Other Disclosures/Disclaimers FATCA: The Foreign Account Tax Compliance Act(FATCA)requires the notification of certain financial accounts to the United States Internal Revenue Service. Alliant does not provide tax advice,so please contact your tax consultant for your obligation regarding FATCA. Claims Reporting: Your policy will come with specific claim reporting requirements.Please make sure you understand these obligations.Contact your Alliant Service Team with any questions. NRRA: The Non-Admitted and Reinsurance Reform Act(NRRA)went into effect on July 21,2011. Accordingly,surplus lines tax rates and regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If a change is required,we will promptly notify you. Any additional taxes and/or fees must be promptly remitted to Alliant Insurance Services,Inc. Rev:7/1/22 Page 65 PROPERTY INSURANCE PROGRAM Schedule of Insurers Mechanical Breakdown Coverage • July 1,2022 to July 1,2023 Changes and Developments It is important that we be advised of any changes in your operations which may have a bearing on the validity and/or adequacy of your insurance. The types of changes that concern us include,but are not limited to,those listed below: • Changes in any operations such as expansion to another state,new products,or new applications of existing products. • Travel to any state not previously disclosed. • Mergers and/or acquisition of new companies and any change in business ownership,including percentages. • Any newly assumed contractual liability,granting of indemnities,or hold harmless agreements. • Any changes in existing premises including vacancy,whether temporary or permanent,alterations,demolition,etc. Also,any new premises either purchased,constructed or occupied. • Circumstances which may require an increased liability insurance limit. • Any changes in fire or theft protection such as the installation of or disconnection of sprinkler systems,burglar alarms,etc. This includes any alterations to the system. Immediate notification of any changes to a schedule of equipment,property,vehicles,electronic data processing,etc. • Property of yours that is in transit,unless previously discussed and/or currently insured. Certificates/Evidence of Insurance A certificate is issued as a matter of information only and confers no rights upon the certificate holder. The certificate does not affirmatively or negatively amend,extend or alter the coverage afforded by a policy. Nor does it constitute a contract between the • issuing insurer(s),authorized representative,producer or certificate holder. You may have signed contracts,leases or other agreements requiring you to provide this evidence. In those agreements,you may assume obligations and/or liability for others(Indemnification,Hold Harmless)and some of the obligations that are not covered by insurance. We recommend that you and your legal counsel review these documents. In addition to providing a certificate of insurance,you may be required to name your client or customer on your policy as an additional insured. This is only possible with permission of the insurance company,added by endorsement and,in some cases,an additional premium. By naming the certificate holder as additional insured,there are consequences to your risks and insurance policy including: • Your policy limits are now shared with other entities;their claims involvement may reduce or exhaust your aggregate limit. • Your policy may provide higher limits than required by contract;your full limits can be exposed to the additional insured. • There maybe conflicts in defense when your insurer has to defend both you and the additional insured. C A L I F 0 R N I A J � P • I , A Rev:7/1/22 Page 66 PROPERTY INSURANCE PROGRAM Coverage Detail Terrorism Coverage • July 1,2022 to July 1,2023 Covered Parties California Joint Powers Insurance Authority and participating members Primary Policy Reinsured By Lloyds of London Policy Number #13128413412W22 *A.M.Best Guide Rating A,Excellent,Financial Size Category XV Greater than $2,000,000,000 *Standard&Poor's Rating A+,Strong Financial Security California Status Non-Admitted Protection Period July 1,2022,12:01 AM to July 1,2023, 12:01 AM • Coverage Terrorism Section B-Memorandum of Coverage-Property Covered Property Property reported by members on the property schedules on file with the company and Alliant Insurance Services,Inc. • Coverage Clause Subject to the definitions,exclusions,limits and conditions in the Memorandum of Coverage Document,the company agrees to indemnify direct physical loss or damage to insured property while located at the premises or contained within the territory,occurring during the policy period and caused by an Act of Terrorism. Limits/Coverage $100,000,000 per occurrence and in the annual aggregate as respects Acts of Terrorism and Sabotage (Limit is shared by all program members) Sub-Limits Additional applicable sub-limits required in Terrorism in addition to the sub-limits stated in the Coverage Document. $ 25,000,000 Off-Premises Services $ 25,000,000 Contingent Time Element and coverage in respect of Direct Customers and Suppliers only $ 10,000,000 Worldwide Transit Deductible Each Occurrence shall be adjusted separately and from each such amount,the sum stated below shall be deducted. $ 10,000 Any One Occurrence 24 Hour Waiting Period for Service Interruption *SEE LAST PAGE FOR ADDITIONAL DETAILS THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS,SEE THE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1,2022 Rev:7/1/22 Page 67 PROPERTY INSURANCE PROGRAM Coverage Detail Terrorism Coverage • July 1,2022 to July 1,2023 Automatic Coverage/ Included except in Restricted Areas as defined in the Coverage Document. Reporting Conditions Property Excluded Land or land values except landscaping including natural athletic fields, sand traps,tees and greens which are excluded excess of the sublimits in the Program Limits of Liability • Power transmission,feeder lines or pipelines not on the Covered Member's premises • Aircraft or any other aerial device,or watercraft • Any land conveyance,including vehicles,locomotives or rolling stock,unless such land conveyance is declared hereon and solely whilst located at the property covered herein at the time of its damage • Animals,plants and living things of all types Major Exclusions Nuclear detonation,reaction,radiation or radioactive contamination, • Other Than Property however caused (But Not Limited To) War,invasion or warlike operations(whether declared or not),hostile acts • of sovereign or local government entities,civil war,rebellion,revolution, insurrection,martial law,usurpation of power,or civil commotion assuming the proportions of,or amounting to,an uprising • Seizure,legal or illegal occupation unless physical loss or damage is caused directly by an Act of Terrorism or an Act of Sabotage • Confiscation,Requisition,Detention,Embargo Quarantine,or result of public or government authority which deprives the use or value of property arising from acts of contraband or illegal transportation or illegal trade • Seepage or discharge of pollutants or contaminants which endangers or threatens the health,safety or welfare of persons or the environment • Chemical,biological,asbestos emission of any kind • Electronic means including,but not limited to,computer hacking or the introduction of any form of computer virus or corrupting or unauthorized instructions or code or the use of any electromagnetic weapon • Vandals or other persons acting maliciously or by way of protest or strikes,labor unrest,riots or civil commotion unless damage is caused directly by an Act of Terrorism • Loss or increased cost as a result of threat or hoax Broker Alliant Insurance Services,Inc. Irvine,CA Dennis Mulqueeney,Senior Vice President Robert Lowe,First Vice President Christopher Gray,Account Executive THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS,SEE THE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1,2022 Rev:7/1/22 Page 68 PROPERTY INSURANCE PROGRAM Coverage Detail Terrorism Coverage • July 1,2022 to July 1,2023 Occurrence The word"Occurrence"shall mean any one loss and/or series of losses arising out of and directly occasioned by one Act or series of Acts of Terrorism or Sabotage for the same purpose or cause.The duration and extent of any one"Occurrence"shall be limited to all losses sustained by the Covered Member at the property covered herein during any period of 72 consecutive hours arising out of the same purpose or cause.However,no such period of 72 consecutive hours may extend beyond the expiration of this MOC—P unless the Covered Member shall first sustain direct physical damage by an Act of Terrorism or an Act of Sabotage prior to expiration and within said period of 72 consecutive hours,nor shall any period of 72 consecutive hours commence prior to the attachment of this Coverage Part B. Act of Terrorism The words"Act of Terrorism"means an act or series of acts,including but not • limited to the use of force or violence,of any person or group(s)of persons, whether acting alone or on behalf of or in connection with any organization(s), committed for political,religious or ideological or similar purposes including the intention to influence any government and/or to put the public,or any section of the public,in fear for such purposes. • Act of Sabotage For the purpose of this Coverage Part B,an act of sabotage means a subversive act or series of such acts committed for political,religious or ideological purposes including the intention to influence any government and/or to put the public in fear for such purposes. THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFERTO THE MOC—P FOR FULL DEFINITIONS. I I' I Rev:7/1/22 Page 69 PROPERTY INSURANCE PROGRAM Member Roster Terrorism Coverage • July 1,2022 to July 1,2023 Agoura Hills Coastal Animal Services Authority Lake Elsinore Rolling Hills Agoura Hills Calabasas Commerce Lake Forest Rolling Hills Estates Community Center Authority Dana Point Lakewood Rosemead Alhambra Desert Recreation District Lawndale Rossmoor CSD Aliso Viejo Diamond Bar Loma Linda San Clemente Apple Valley Duarte Lomita San Dimas Arroyo Grande Eastern Sierra Transit Authority Malibu San Gabriel Artesia (ESTA) Mammoth Lakes San Juan Capistrano Atascadero El Centro Midpeninsula Regional San Luis Obispo • Azusa Fillmore Open Space District San Marcos Bell Gardens Goleta Mission Viejo San Marino Bellflower Grand Terrace Monrovia Santa Clarita • Big Bear City Community Grover Beach Monterey Peninsula Santa Fe Springs • Services District Guadalupe Regional Park District Santa Paula Big Bear Lake Hawaiian Gardens Moorpark Seal Beach Bishop Hemet Morro Bay Seaside Black Gold Library Hidden Hills Mountain Area Regional Signal Hill Cooperative Library System Imperial Transit Authority Solvang Bradbury Indian Wells Needles South El Monte Brawley Indio Norwalk Southeast Area Animal Buellton Irwindale Ojai Control Authority(SEAACA) Calabasas La Canada Flintridge Palm Desert Souther California Association California JPIA La Habra Heights Palos Verdes Estates of Governments(SCAG) Camarillo L.A.Impact Paramount Stanton Carpinteria La Mirada Paso Robles Temple City Cerritos La Palma Pismo Beach Ventura Port District Cerritos Performing Arts Center La Puente Port Hueneme Villa Park Chino Hills La Quinta Port Hueneme Walnut Claremont La Verne Housing Authority West Cities Police Coachella Valley Association Laguna Niguel Poway Communications JPA of Governments Laguna Woods Rancho Palos Verdes Westlake Village Rev:7/1/22 Page 70 PROPERTY INSURANCE PROGRAM Schedule of Insurers Terrorism Coverage • July 1,2022 to July 1,2023 TERRORISM—SECTION B MEMORANDUM OF PROPERTY COVERAGE Limit.$700,000,000 Per Occurrence/Annual Aggregate REINSURED BY LLOYDS POLICY#B128413412W22 $100,000,000 California Status: Non-Admitted Standard&Poor's Rating: A+,Strong Financial Security Best's Guide Rating: A,Excellent;Financial Size Category XV; Greater than$2,000,000,000 • r This summary of insurance is provided as a matter of convenience and information only. All information included in this summary,including but not limited to personal and real property values,locations,operations,products,data,automobile schedules,financial data and loss experience,is based on facts and representations supplied to Alliant Insurance Services,Inc. • by you.This summary does not reflect any independent study or investigation by Alliant Insurance Services,Inc.or its agents and employees. • This summary does not add to,extend,amend,change,or alter any coverage in any actual policy of insurance you may have. • All existing policy terms,conditions,exclusions,and limitations apply. For specific information regarding your insurance coverage,please refer to the policy itself. Alliant Insurance Services,Inc.will not be liable for any claims arising from or related to information included in,or omitted from,this proposal of insurance. Alliant embraces a policy of transparency with respect to its compensation from insurance transactions.Details on our compensation policy,including the types of income that Alliant may earn on a placement,are available on our website at www.alliant.com.For a copy of our policy,or for any inquiries regarding compensation issues pertaining to your account,you may also contact us at:Alliant Insurance Services,Inc.,Attention:General Counsel,701 B Street,6th Floor,San Diego,CA 92101. Analyzing insurers'overall performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all aspects of insurance company finances and operations.Insurance brokerages such as Alliant Insurance typically rely upon rating agencies for this type of market analysis.Both A.M.Best and Standard and Poor's have been industry leaders in this area for many decades,utilizing a combination of quantitative and qualitative analysis of the information available in formulating their ratings. A.M.Best has an extensive database of nearly 6,000 Life/Health,Property Casualty and International companies.You can visit them at www.ambest.com.For additional information regarding insurer financial strength ratings,visit Standard and Poor's website at www.standardandpoors.com. Our goal is to procure insurance for you with underwriters possessing the financial strength to perform.Alliant does not,however, guarantee the solvency of any underwriters with which insurance or reinsurance is placed and maintains no responsibility for any loss or damage arising from the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an informed decision to accept or reject a particular underwriter. To learn more about companies doing business in your state,visit the Department of Insurance website for that state. Rev:7/1/22 Page 71 PROPERTY INSURANCE PROGRAM Schedule of Insurers Terrorism Coverage • July 1,2022 to July 1,2023 Other Disclosures/Disclaimers FATCA: The Foreign Account Tax Compliance Act(FATCA)requires the notification of certain financial accounts to the United States Internal Revenue Service. Alliant does not provide tax advice,so please contact your tax consultant for your obligation regarding FATCA. Claims Reporting: Your policy will come with specific claim reporting requirements.Please make sure you understand these obligations.Contact your Alliant Service Team with any questions. NRRA: The Non-Admitted and Reinsurance Reform Act(NRRA)went into effect on July 21,2011.Accordingly,surplus lines tax rates and regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this • placement.If a change is required,we will promptly notify you.Any additional taxes and/or fees must be promptly remitted to Alliant Insurance Services,Inc. Changes and Developments It is important that we be advised of any changes in your operations which may have a bearing on the validity and/or adequacy of your insurance.The types of changes that concern us include,but are not limited to,those listed below: • Changes in any operations such as expansion to another state,new products,or new applications of existing products. Travel to any state not previously disclosed. • Mergers and/or acquisition of new companies and any change in business ownership,including percentages. • Any newly assumed contractual liability,granting of indemnities,or hold harmless agreements. • Any changes in existing premises including vacancy,whether temporary or permanent,alterations,demolition,etc. Also,any new premises either purchased,constructed or occupied. • Circumstances which may require an increased liability insurance limit. • Any changes in fire or theft protection such as the installation of or disconnection of sprinkler systems,burglar alarms,etc. This includes any alterations to the system. • Immediate notification of any changes to a schedule of equipment,property,vehicles,electronic data processing,etc. • Property of yours that is in transit,unless previously discussed and/or currently insured. Certificates/Evidence of Insurance A certificate is issued as a matter of information only and confers no rights upon the certificate holder. The certificate does not affirmatively or negatively amend,extend or alter the coverage afforded by a policy. Nor does it constitute a contract between the issuing insurer(s),authorized representative,producer or certificate holder. You may have signed contracts,leases or other agreements requiring you to provide this evidence. In those agreements,you may assume obligations and/or liability for others(Indemnification,Hold Harmless)and some of the obligations that are not covered by insurance. We recommend that you and your legal counsel review these documents. In addition to providing a certificate of insurance,you may be required to name your client or customer on your policy as an additional insured. This is only possible with permission of the insurance company,added by endorsement and,in some cases,an additional premium. By naming the certificate holder as additional insured,there are consequences to your risks and insurance policy including: • Your policy limits are now shared with other entities;their claims involvement may reduce or exhaust your aggregate limit. • Your policy may provide higher limits than required by contract;your full limits can be exposed to the additional insured. • There maybe conflicts in defense when your insurer has to defend both you and the additional insured. Rev:7/1/22 Page 72