Orange County NC Website
Browse       Search
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 />