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Contractor in this Agreement. The Contractor shall provide o written copy of the claim or <br />alleged claim to th " e GMAR within *three (3) days of the Contractor's receipt of the claim or <br />alleged * claim. If-a claim is'settled to the satisfaction of the claimant, the Contractor shall <br />submit a copy of the claimant's release to the CMAR. <br />If a claim a 'claim: is rejected by ihe Contractor and/or its insurance company, the' <br />Contractor shall immediately report this fact to the CMAR. <br />Should thirty, (30) days"elapse aifter the claim 'or alleged claim has been received by the <br />Contractor, and the Contractor is not able to report a settlement or rejection of the claim, it <br />shall report to the CMAR the steps being taken with respect to the claim. <br />Without limiting the foregoing, the Contractor shall notify the CMARiOwriting of any *paid or <br />incurred claims which may impair annual aggregate or general liability. <br />5.1.7 Retentions <br />Any deductibles 'or seif-inured retentions must bedeclared to and approved <br />eliminate At the option of the CMAR, either: the insurer shall reduce to a maximum of $250,000 or <br />.. such deductibles `"=.`.="/=v retentions with respect to the' CmvAm,.or the <br />Contnactor shall provide evidence of md|ateooi provided to insurers or procure o bond <br />guaranteeing -payment of |oaoen and related inveabgatione, doinn odrn{nistration, and <br />defense expenses within the deductible or self-insured retention amount. Any self-insured <br />retention or deductible. amount onthe pp||cy aheU not reduce the amount ofcollectible limits <br />5.1'8 <br />The Contractor shall include all Subcontractors as |DoUrede'Under its ooi�eo, or shall <br />furnish separate certificates, policies, and endorsements for each Subcontractor <br />-the ' <br />Contractor intends to use. If Subcontractor does not take out insurance in its own name <br />ondth�- Contractor wishes hopnov�e insurance protection for such Subcontractor and such <br />Subcontractor's employees', the Contractor shall either (a) procure appropriate pol|o|ae in <br />the name of the Subcontractor, or (b) cause a rider or riders to be attached to* the <br />Contractor's policies which shall identify the Subcontractor thereby covered; -provided.' � <br />however, in the ooee of the latter ootion, such a rider need not be attached to the <br />Contract o�evvorkere'componea�on policy � such poUoyoy its terVlmieoufficien�y broad to <br />cover theemployees of all Subcontractors performing Work under the Contract Documents. <br />Except as otherwise -approved by the C��WA�� in writing, Limits ofLiab�{tyand coverage <br />scope must be ot a minimum as 'stringent as required 'of the Contractor by the Contract <br />Documents. All Work performed for the Contractor by any Subcontractor shall be. pursuant <br />to on appropriate agreement between the Contractor and the Subcontractor which shall <br />contain - provisions that waive all rights the contracting parties may have against one <br />another for damages caused by fire or other perils covered by insurance as provided <br />herein. Insurance monies received from any loss shall be divided as the respective interest <br />of the parties affected shall appear. <br />5.2 PROPERTY INSURANCE <br />The CMARahaU be responsible for purchasing and maintaining insurance to protect the' <br />Project xwv perils ur physical loss. The insurance shall provide for the cost of <br />for the Work u1 the time of any loss. <br />Theinsuran'ce�uha- |imdudeam—naned�r ^insureds the <br />Owner, the CWARtheContnaotornondth�ir�Guboon�oc0ona and shall |neuna against the <br />�em�omthe ' - ' - --~- --- to theft, <br />vendu�n� � flood, ---`---' <br />..resulting from defective design, negligent workmanship or defective maierial. The '' � ' ' ` <br />' <br />GENERAL CONDITIONS FOR CP� /T[FU8�PRC}JE�� 18of42 <br />� . � � � � JUNE 2OO7EDITION <br />