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17-57381 Licensee may elect to participate in Licensor's Blanket Policy; ❑ Licensee declines to participate in Licensor's Blanket Policy. 15.5 Intentionally Deleted. 15.6 Other Requirements: 15.6.1 Where allowable by law, no exclusion for punitive damages may be included in any policy. 15.6.2 Licensee agrees to waive its right of recovery against Licensor for all claims and suits against Licensor. In addition, Licensee's insurers, through the terms of the policy or policy endorsement, waive their right of subrogation against Licensor for all claims and suits. Licensee further waives its right of recovery, and its insurers also waive their right of subrogation against Licensor for loss of Licensee's owned or leased property or property under Licensee's care, custody, or control. 15.6.3 Allocated Loss Expense, including but not limited to defense costs and expenses, will be in addition to all policy limits for coverage under the insurance requirements. 15.6.4 Licensee is not allowed to self-insure without the prior written consent of Licensor. If Licensor allows Licensee to self-insure, Licensee shall directly cover any self- insured retention or other financial responsibility for claims in lieu of insurance.Any and all Licensor liabilities that would otherwise be covered by Licensee's insurance in accordance with the provisions of this agreement,will be covered as if Licensee elected not to include a self-insured retention or other financial responsibility for claims. 15.6.5 Prior to entering or using the Premises or commencing any work related to the installation or subsequent maintenance of the Pipeline, Licensee shall furnish to Licensor an acceptable certificate(s) of insurance from an authorized representative evidencing the required coverage(s), endorsements, and amendments. 15.6.6 Licensee shall notify Licensor in writing at least 30 days prior to any cancellation, non-renewal, substitution or material alteration of any insurance requirement. 15.6.7 Any insurance policy shall be written by a reputable insurance company acceptable to Licensor or with a current Best's Guide Rating of A-and Class VII or better, and authorized to do business in the state(s) in which the service is to be provided. 15.6.8 If the coverage provided by any of the insurance policies required by this agreement is purchased on a "claims made" basis, Licensee hereby agrees to maintain coverage in force for a minimum of three years after expiration, cancellation or termination of this agreement. 15.6.9 Licensee agrees to provide evidence to Licensor that it has the required coverage in place at least annually or in the event of a renewal or material change of coverage. 15.6.10 Licensee represents that this License has been thoroughly reviewed by Licensee's insurance agent(s)/broker(s), and that Licensee has instructed them to procure the insurance coverage required by this License. 32330630.2 9 Form 424;Rev.20190916