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i . Every ambulance or other EMS Services Vehicle owned and/or <br /> operated by or for the Grantee proving for the following payment <br /> of injury and damages: <br /> (a) In the minimum sum of $ 1 , 000 , 000 for injury to or death of <br /> individuals in accidents resulting from any cause for which <br /> the owner of the vehicle would be liable on account of <br /> liability imposed on him by law, regardless of whether the <br /> vehicle was being driven by the owner of his agents and <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 /> North State Investment Group , LLC d/b/a North State Medical Transport <br /> EMS Franchise Agreement <br /> Page 14 of 23 Rev <br />