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DocuSign Envelope ID: 77AEB69E-2B0D-4l3F3-AB64-91 FD1 1A920E3 <br />(A <br />OSFM- <br />NC DEPARTMENT OF <br />INSURANCE <br />July 6, 2017 <br />Ms. Sherrie Settle <br />Director of Sponsored Programs <br />Research Administration /SPARCS <br />North Carolina State University <br />Campus Box 7514 <br />Administrative Services Building I <br />Raleigh, NC 27695 -7514 <br />Dear Ms. Settle: <br />RISK MANAGEMENT <br />Tel 919.647.0000 Fax 919.715.0067 <br />MIKE CAUSEY, INSURANCE COMMISSIONER & STATE FIRE MARSHAL <br />BRIAN TAYLOR, ASSISTANT STATE FIRE MARSHAL <br />The purpose of this letter is to provide certification of various insurance coverages for North Carolina <br />State University. <br />Property insurance is provided on a replacement cost basis by the State Property Fire Insurance Fund, a <br />State self- insurance fund. This coverage is provided on a continuous basis and renews on July 1 of each <br />year. We do not use policy numbers. Instead, we refer to the University's department /division number, <br />which is 60005003. <br />In regard to general liability, the State of North Carolina claims sovereign immunity and therefore <br />cannot be sued without its permission. However, by statute (Chapter 143, Article 31), the State has <br />waived its sovereign immunity against suits for negligence of its employees or agents resulting from <br />bodily injury or property damage. The State has waived its immunity up to a limit of $1,000,000 per <br />claim. The North Carolina Industrial Commission is constituted a court for the purpose of hearing and <br />passing upon tort claims against departments, institutions or agencies. <br />Excess liability coverage is provided for State employees, through a private insurance company, for <br />losses resulting in bodily injury and property damage in the performance of their jobs. The limit of <br />liability is $10,000,000 per occurrence. Coverage is provided by AIG policy number 01- 559- 22 -82. <br />The State maintains a boiler and machinery policy written through the Hartford Steam Boiler Inspection <br />and Insurance Company. The renewal date for this policy is January 12 and the limit of coverage is <br />$50,000,000 for each accident with a $5,000 deductible (certain equipment may carry a higher <br />deductible). <br />Automobile liability insurance for state -owned vehicles is provided by Travelers. The bodily injury and <br />property damage limits for this coverage is $1,000,000 per person and $10,000,000 per occurrence. This <br />policy renewal date is July 1. <br />OFFICE OF STATE FIRE MARSHAL <br />1202 MAIL SERVICE CENTER J RALEIGH, NC 27699 -1202 1 WWW.NCDOI.COM /OSFM <br />