Ariz. Admin. Code § R2-10-301 - Insurance: Purchase and Contracts
A. An agency seeking
to purchase property, liability, or workers' compensation insurance shall
request RM's approval in writing at least 90 days before the desired effective
date of coverage. RM shall not reimburse an agency for the purchase of
property, liability, or workers' compensation insurance that has not been
approved by RM.
B. An agency shall
submit a written request for approval to RM before the agency does one or more
of the following:
1. Names or agrees to name
any person or entity as an additional insured under the state's self-insurance
or any other insurance obtained by or with RM's approval;
2. Provides or agrees to provide a
Certificate of Insurance;
3. Agrees
to indemnify,s hold harmless, or limit the liability of any party to a
contract, lease, or other written agreement; or
4. Waives or agrees to waive the state's or
the agency's right to subrogate with regard to any party to a contract, lease,
or other written agreement.
C. The written request prescribed in
subsection (B) shall be signed by the agency director and include all of the
following:
1. The circumstances of the
request;
2. Whether the party to
the contract, lease, or written agreement is a sole source for the
state;
3. The level or additional
risk of loss to the state resulting from the requested action;
4. Whether the requested action helps the
agency accomplish the agency's mission; and
5. An explanation of why the action to be
approved is in the best interest of the state.
D. If a contract requires the state to be
named as an additional insured, the contracting agency shall ensure that the
name of the contracting agency and the state are included on the applicable
additional insured endorsement (s).
Notes
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