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<br />Conservation License (rev. 12/16) Page 6 of 23 License No. 23-108200 <br />8.2 Insurance Terms. <br />(a) Insurance Required. <br />(1) Licensee certifies that it is self-insured for all the liability exposures, its <br />self-insurance plan satisfies all State requirements, and its self-insurance <br />plan provides coverage equal to that required in this Subsection 8.2 and by <br />Subsection 8.3, Insurance Types and Limits. Licensee shall provide to <br />State evidence of its status as a self-insured entity. Upon request by State, <br />Licensee shall provide a written description of its financial condition <br />and/or the self-insured funding mechanism. Licensee shall provide State <br />with at least thirty (30) days’ written notice prior to any material changes <br />to Licensee’s self-insured funding mechanism. <br />(2) Unless State agrees to an exception, Licensee shall provide insurance <br />issued by an insurance company or companies admitted to do business in <br />the State of Washington and have a rating of A- or better by the most <br />recently published edition of Best’s Reports. Licensee may submit a <br />request to the risk manager for the Department of Natural Resources to <br />approve an exception to this requirement. If an insurer is not admitted, the <br />insurance policies and procedures for issuing the insurance policies shall <br />comply with Chapter 48.15 RCW and 284-15 WAC. <br />(3) All insurance policies must name the State of Washington, the Department <br />of Natural Resources, its elected and appointed officials, agents, and <br />employees as an additional insured. <br />(4) All insurance provided in compliance with this License must be primary <br />as to any other insurance or self-insurance programs afforded to or <br />maintained by State. <br />(b) Waiver. <br />(1) Licensee waives all rights against State for recovery of damages to the <br />extent insurance maintained pursuant to this License covers these <br />damages. <br />(2) Except as prohibited by law, Licensee waives all rights of subrogation <br />against State for recovery of damages to the extent that they are covered <br />by insurance maintained pursuant to this License. <br />(c) Proof of Insurance. <br />(1) Licensee shall provide State with a certificate(s) of insurance executed by <br />a duly authorized representative of each insurer, showing compliance with <br />insurance requirements specified in this License and, if requested, copies <br />of policies to State. <br />(2) The certificate(s) of insurance must reference additional insureds and the <br />License number. <br />(3) Receipt of such certificates or policies by State does not constitute <br />approval by State of the terms of such policies. <br />(d) State must receive written notice before cancellation or non-renewal of any <br />insurance required by this License, as follows: <br />(1) Insurers subject to RCW 48.18 (admitted and regulated by the Insurance <br />Commissioner): If cancellation is due to non-payment of premium, <br />Docusign Envelope ID: 9AF27A6B-A801-4DA1-8CF6-CC7F0385775B