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17 <br />(b) In the minimum sum of $1,000,000 for the loss of or damage <br />to the property of another, including personal property, or <br />under like circumstances in sums as may be required by the <br />State of North Carolina or as authorized by the Grantor. <br />(c) The insurance coverage minimum limits required in <br />subsection (a) and (b) above shall be evaluated annually by <br />the Orange County Department of Emergency Services in <br />consultation with the Orange County Risk Manager and the <br />County Attorney's Office and may be revised by the Grantor <br />as Grantor deems appropriate, and at Grantor's sole <br />discretion. In directing a change in insurance coverage, the <br />Department of Emergency Services shall consider the risk <br />needs protected by this insurance coverage .and the <br />availability in the marketplace of the coverage amounts to be <br />required. <br />ii. Grantee shall at all times during the Franchise term maintain in <br />force and effect insurance coverage, issued by an insurance <br />company licensed to do business in North Carolina for Worker's <br />Compensation coverage for all employees with statutory limits in <br />compliance with applicable law. <br />b. Insurance coverage necessary to comply with this Section shall be <br />approved by the Grantor, and copies of such insurance policies (or <br />certificates of insurance) shall be provided to the Grantor. <br />c. The Grantor shall be named as an additional insured as its interests may <br />appear. <br />Section 14. Transfer of Ownership or Control and Changes in Level of Services <br />a. Prior approval of the Grantor shall be required where ownership or control <br />of more than ten percent of the right or control of the Grantee is acquired <br />by a person or group of persons acting in convert, not of whom own or <br />control ten percent or more of such rights of control, singularly or <br />collectively, at the date of the grant of the Franchise. By its acceptance of <br />the Franchise, the Grantee specifically agrees that any such acquisition <br />occurring without prior approval of the Grantor shall constitute a violation <br />of the Franchise by the grantee and shall be cause for termination at the <br />option of the Grantor. <br />b. Any change in ownership of Grantee without the approval of the Grantor <br />shall terminate the Franchise and shall require a new application and a <br />new Franchise in conformance with all the requirements of the EMS <br />Franchise Ordinance, as amended and in effect at the time of franchising. <br />Page 14 of 23 <br />