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Agenda - 08-01-2022; 2 - Ratification of County Manager's Execution of an Insurance Coverage Agreement with Travelers Insurance and Approval of a Letter of Credit Agreement
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Agenda - 08-01-2022; 2 - Ratification of County Manager's Execution of an Insurance Coverage Agreement with Travelers Insurance and Approval of a Letter of Credit Agreement
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7/28/2022 4:26:54 PM
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BOCC
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8/1/2022
Meeting Type
Special Meeting
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Agenda
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2
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DocuSign Envelope ID: FCD9FE56-CF01-4E96-B983-B8E8DFE6811C 9 <br /> Procedures, including the Expedited Procedures therein if agreed to by the Parties, or, <br /> for matters where claimant's demand is less than $250,000, the JAMS Streamlined <br /> Arbitration Rules and Procedures. Judgment on the award may be entered in any <br /> court having jurisdiction. <br /> b. Neither Party shall submit to arbitration (i) any coverage disputes which arise under or <br /> in connection with claims or suits brought against the Policies; (ii) claims by or against <br /> you and other Travelers policyholders with respect to other insurance programs with <br /> us; (iii) claims by or against you and other policyholders of any other commercial lines <br /> property casualty insurer(s), including but not limited to any claim under (ii) or (iii) <br /> which you purport to arbitrate as a representative or member of a class or as a private <br /> attorney general; (iv) any matter seeking to restrict our right to draw upon the <br /> Collateral or which would have the effect of restricting our right to draw upon the <br /> Collateral; (v) any matter by us pursuant to subsection 7(e) of Collateral and Remedies <br /> Section of this Agreement. In addition, in the context in the Workers' Compensation <br /> coverage, neither Party shall submit to arbitration any dispute, the resolution of which <br /> has been committed to or the resolution of which is within, the exclusive jurisdiction <br /> of any state or federal governmental entity. <br /> c. The arbitrator or Arbitration Panel has no authority, and is not empowered, to <br /> consolidate or direct class-action arbitration as to any disputes between the Parties to <br /> this Agreement with other disputes between us and any other of our policyholders or <br /> other third parties. Nor shall the arbitrator(s) have authority or be empowered to <br /> consolidate or direct disputes brought by you as a private attorney general. Any <br /> determination by the arbitrator(s) to so consolidate or direct class-action arbitration or <br /> to consolidate or direct disputes brought by you as a private attorney general shall be <br /> beyond the arbitrator's authority and jurisdiction and shall be void. <br /> d. The arbitrator or Arbitration Panel shall have authority to award pre-judgment <br /> interest, post-judgment interest, interim relief, pre-hearing security, and summary <br /> judgment. The arbitrator or Arbitration Panel is not empowered to award punitive or <br /> exemplary damages, and the Parties waive any right to recovery of such damages in <br /> arbitration. <br /> e. Each arbitrator shall be a disinterested, active or retired: (i) judge; (ii) executive officer <br /> of a property-casualty insurance company admitted or otherwise authorized to <br /> transact business in the United States; or (iii) executive officer of a property-casualty <br /> broker licensed in the United States. All arbitrators shall serve as neutral, independent <br /> and impartial arbitrators. <br /> f. Within 15 days after the commencement of arbitration, each Party shall select one <br /> person to act as arbitrator, and the two so selected shall select a third arbitrator within <br /> 30 days of the commencement of the arbitration. If the arbitrators selected by the <br /> Parties are unable or fail to agree upon the third arbitrator within the allotted time, <br /> the third arbitrator shall be appointed by JAMS in accordance with its rules. <br /> g. The Parties shall maintain the confidential nature of the arbitration proceeding and <br /> any award, including the hearing, except as may be necessary to prepare for or <br /> conduct the arbitration hearing on its merits, or except as may be necessary in <br /> TRAVELERS J� <br /> Version 11.09.20 Program Agreement-Orange County Page 7 <br /> CA Form-WC 99 06 Q6(B) <br /> ©(2019)The Travelers Indemnity Company.All rights reserved. <br />
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