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HomeMy WebLinkAboutProperty_Insurance_Program_2022-23 (1)PROPERTY PROGRAM INTEGRITY EXCELLENCE INNOVATION TEAMWORK Providing innovative risk management solutions for our public agency partners Protection period: July 1, 2022 to July 1, 2023 Overview 1–2 Schedule of Insurers 3–12 Property Schedule Guidelines 13–14 Definitions 15–21 All Risk 22–39 Earthquake and Flood 40–56 Mechanical Breakdown 57–66 Terrorism 67–72 PROPERTY INSURANCE PROGRAM Page 1Rev: 7/1/22 PR O G R A M S U M M A R Y Overview THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2022 MEMBERS MUST REPORT ACQUISITIONS OF NEW REAL AND PERSONAL PROPERTY. July 1, 2022 P 22 (SUPERSEDES P 21) Program Property Scheduled buildings, contents, garaged vehicles, contractor’s equipment, fine arts, rental income and other miscellaneous extensions of coverage (excluding earthquake, except where provided). Protection Period July 1, 2022, 12:01 AM to July 1, 2023, 12:01 AM Coverage Limits Deductible All-Risk (required) $500 Million per occurrence (shared limits) $10 Million annual aggregate for flood (per member limits) $10,000 per occurrence COVERAGE IS WRITTEN AT REPLACEMENT COST Coverage Deductible Vehicles Physical Damage (comprehensive & collision) (optional) $2,500 per occurrence (collision), licensed vehicles other than Fire and Ambulance $2,500 per occurrence (comprehensive), licensed vehicles other than Fire and Ambulance $10,000 per occurrence (collision), Fire and Ambulance vehicles $10,000 per occurrence (comprehensive), Fire and Ambulance vehicles COVERAGE IS WRITTEN AT STATED VALUE Coverage Limits Deductible Earthquake & Flood (optional) $200 Million per occurrence (shared limits) EARTHQUAKE (per unit of value) 5% ($100,000 minimum) FLOOD (per unit of value) $100,000 COVERAGE IS WRITTEN AT REPLACEMENT COST Coverage Limits Deductible Mechanical Breakdown (formerly Boiler & Machinery (optional)) Objects and equipment as defined by the policy $150 Million per occurrence (shared limits) $5,000 per occurrence COVERAGE IS WRITTEN AT REPLACEMENT COST Coverage Limits Deductible Builder’s Risk (included) Real property in the course of construction $50 Million per occurrence (shared limits) $10,000 per occurrence; $100,000 or $250,000 per occurrence, depending on flood zone Included in All-Risk coverage, Earthquake coverage is additional premium COVERAGE IS WRITTEN AT REPLACEMENT COST PROPERTY INSURANCE PROGRAM Page 2Rev: 7/1/22 PR O G R A M S U M M A R Y Overview THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2022 Coverage Limits Deductible Terrorism (included) Objects and equipment as defined by the policy $100 Million per occurrence (Shared limits) $10,000 per occurrence Included in All-Risk coverage COVERAGE IS WRITTEN AT REPLACEMENT COST Note An administrative fee is included in the invoice. MEMBERS MUST REPORT ACQUISITIONS OF NEW REAL AND PERSONAL PROPERTY. PROPERTY INSURANCE PROGRAM Page 3Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Coverage Lines July 1, 2022 to July 1, 2023 PRIMARY ALL RISK INCLUDING EARTHQUAKE, EQ SPRINKLER LEAKAGE & FLOOD COVERAGE PROVIDED ON STRUCTURES, CONTENTS & VEHICLES Limit: $25,000,000 Per Occurrence FLOOD FOR NON-EARTHQUAKE LOCATIONS – Sub-limit: $10,000,000 Annual Aggregate EXCESS ALL RISK INCLUDING EARTHQUAKE, EQ SPRINKLER LEAKAGE & FLOOD Limit: $75,000,000 Excess of $25,000,000 REINSURED BY LLOYDS $21,250,000 POLICY #B128410009W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 REINSURED BY MARKEL-EVANSTON INSURANCE COMPANY $3,750,000 POLICY #MKLV5XPR000974 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 BERKSHIRE $5,625,000 POLICY # 42-XPR-322654-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Admitted AA+, Very Strong Financial Security A+, Superior; Financial Size Category XV; Greater than $2,000,000,000 LANDMARK AMERICAN INS. CO. $3,000,000 POLICY # LHD428856 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A+, Superior, Financial Size Category XIV; $1,500,000,000 to $2,000,000,000 PROPERTY INSURANCE PROGRAM Page 4Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Coverage Lines July 1, 2022 to July 1, 2023 LLOYDS OF LONDON (AXA) $8,300,000 POLICY # B128410009W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 LLOYDS OF LONDON (UNICORN) $550,000 POLICY # B128424899W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 EXCESS ALL RISK INCLUDING EARTHQUAKE, EQ SPRINKLER LEAKAGE & FLOOD Limit: $65,000,000 Excess $35,000,000 BMS - LLOYDS OF LONDON $20,800,000 POLICY # B128410010W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 BMS - LLOYDS OF LONDON $2,216,500 POLICY # B128424910W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 ARCH SPECIALTY INSURANCE COMPANY $5,000,000 POLICY # ESP7300392-09 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A+, Superior; Financial Size Category XV; Greater than $2,000,000,000 EXCESS ALL RISK INCLUDING EARTHQUAKE, EQ SPRINKLER LEAKAGE & FLOOD Limit: $10,000,000 Excess of $25,000,000 PROPERTY INSURANCE PROGRAM Page 5Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Coverage Lines July 1, 2022 to July 1, 2023 IRONSHORE SPECIALTY INSURANCE COMPANY $2,525,000 POLICY # 1000538800-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A, Strong Financial Security A, Excellent; Financial Size Category XV; Greater than $2,000,000,000 HALLMARK SPECIALTY INSURANCE COMPANY $6,500,000 POLICY # 73PRX22AE78 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted Not Rated A-, Excellent; Financial Size Category VIII; $100 Million to $250 Million MUNICHRE-THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY $5,000,000 POLICY # N1-A3-XP-0000030-00 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted AA-, Very Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 KEMAH CAPITAL-NATIONAL FIRE & MARINE INSURANCE COMPANY $3,250,000 POLICY # DF00032547 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted AA+, Very Strong Financial Security A++, Superior, Financial Size Category XV; Greater than $2,000,000,000 SWISSRE $3,500,000 POLICY # ESP 2005578 00 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Not Rated PROPERTY INSURANCE PROGRAM Page 6Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Coverage Lines July 1, 2022 to July 1, 2023 CORE SPECIALTY-STARSTONE SPECIALTY INSURANCE COMPANY $5,484,000 POLICY # N89362220CSP California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted Not Rated A-, Excellent, Financial Size Category XII; $1 Billion to $1.25 Billion VELOCITY RISK UNDERWRITERS, LLC $3,250,000 POLICY # 2022-9004457-01 • Certain Underwriters at Lloyds and other Insurers subscribing to Binding Authority B604510568622022 (21%) POLICY # VRN-CN-0004457-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 • Certain Underwriters at Lloyds, London-Syndicate 2357 (31%) POLICY # VNB-CN-0004457-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 • Independent Specialty Insurance Company (35%)POLICY # VUX-CN-0004457-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 • Interstate Fire & Casualty Company (13%)POLICY # VRX-CN-0004457-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 PROPERTY INSURANCE PROGRAM Page 7Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Coverage Lines July 1, 2022 to July 1, 2023 ARROWHEAD-GENERAL SECURITY INDEMNITY CO. OF ARIZONA $10,000,000 POLICY # TR0001486-13443-22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted AA-, Very Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 ARROWHEAD-OLD REPUBLIC UNION INSURANCE COMPANY $10,000,000 POLICY # ORARIM001261-00 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 ARROWHEAD-LEXINGTON INSURANCE COMPANY $5,000,000 POLICY # 043403482 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 ARROWHEAD-EVEREST INDEMNITY COMPANY $25,000,000 POLICY # 8400009968-221 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 DIC INCLUDING EARTHQUAKE AND FLOOD, EXCLUDING EQ SPRINKLER LEAKAGE Limit: $50,000,000 Excess $100,000,000 PROPERTY INSURANCE PROGRAM Page 8Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Risk Coverage July 1, 2022 to July 1, 2023 MARKEL-EVANSTON INSURANCE COMPANY $6,250,000 POLICY # MKLV5XPR000974 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 HALLMARK SPECIALTY INSURANCE COMPANY $5,000,000 POLICY # 73PRX22AE79 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted Not Rated A-, Excellent; Financial Size Category VIII; $100 Million to $250 Million LLOYDS OF LONDON - ATRIUM AND TOKYO MARINE $7,500,000 POLICY # B128422387W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 MUNICHRE-THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY $25,000,000 POLICY # 78-A3-XP-0000813-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted AA-, Very Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 AXIS SURPLUS INSURANCE COMPANY $6,250,000 POLICY # ELF654136-22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 EXCESS ALL RISK EXCLUDING EARTHQUAKE SHOCK AND FLOOD, INCLUDING EQSL Limit: $50,000,000 Excess $100,000,000 PROPERTY INSURANCE PROGRAM Page 9Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Risk Coverage July 1, 2022 to July 1, 2023 LANDMARK AMERICAN INS CO $175,000,000 POLICY # LHD428857 California Status: Standard & Poor’s Rating: Best’s Guide Rating Non-Admitted A+, Strong Financial Security A+, Superior, Financial Size Category XIV; $1,500,000,000 to $2,000,000,000 CHUBB LONDON $175,000,000 POLICY # B128422306W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent; Financial Size Category XV; Greater than $2,000,000,000 EXCESS ALL RISK EXCLUDING EARTHQUAKE SHOCK AND FLOOD Limit: $350,000,000 Excess $150,000,000 ARROWHEAD-QBE SPECIALTY INSURANCE COMPANY $5,000,000 POLICY # ESE20250-00 California Status: Standard & Poor’s Rating: Best’s Guide Rating Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 ARROWHEAD-GENERAL SECURITY INDEMNITY CO. OF ARIZONA $10,000,000 POLICY # TR0001486-13447-22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted AA-, Very Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 EARTHQUAKE SHOCK AND FLOOD EXCLUDING EQSL Limit: $50,000,000 Excess $150,000,000 PROPERTY INSURANCE PROGRAM Page 10Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Risk Coverage July 1, 2022 to July 1, 2023 TRAVELERS PROPERTY CASUALTY COMPANY OF AMERICA $150,000,000 POLICY # BME1-4H539532 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Admitted AA, Very Strong Financial Security A++, Superior, Financial Size Category XV; Greater than $2,000,000,000 BOILER & MACHINERY Limit: $150,000,000 Per Occurrence/Annual Aggregate ARROWHEAD- LEXINGTON INSURANCE COMPANY $10,000,000 POLICY # 043403483 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent; Financial Size Category XV; Greater than $2,000,000,000 ARROWHEAD-PALOMAR EXCESS AND SURPLUS INSURANCE COMPANY $25,000,000 POLICY # PE701958 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted Not Rated A-, Excellent; Financial Size Category IX; $250 Million to $500 Million SUBLIMIT: $ 25,000,000 $ 75,000,000 EQ SPRINKLER LEAKAGE EXCESS UNDERLYING EQ SPRINKLER LEAKAGE SUBLIMIT:$ 10,000,000 $ 150,000,000 FLOOD ANNUAL AGGREGATE EXCESS UNDERLYING FLOOD ANNUAL AGGREGATE REINSURED BY LLOYDS $100,000,000 POLICY # 128413412W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent; Financial Size Category XV; Greater than $2,000,000,000 TERRORISM Limit: $100,000,000 Per Occurrence/Annual Aggregate PROPERTY INSURANCE PROGRAM Page 11Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Coverage Lines July 1, 2022 to July 1, 2023 This summary of insurance is provided as a matter of convenience and information only. All information included in this summary including, but not limited to, personal and real property values, locations, operations, products, data, automobile schedules, financial data and loss experience, is based on facts and representations supplied to Alliant Insurance Services, Inc. by you. This summary does not reflect any independent study or investigation by Alliant Insurance Services, Inc. or its agents and employees. This summary does not add to, extend, amend, change, or alter any coverage in any actual policy of insurance you may have. All existing policy terms, conditions, exclusions, and limitations apply. For specific information regarding your insurance coverage, please refer to the policy itself. Alliant Insurance Services, Inc. will not be liable for any claims arising from or related to information included in, or omitted from, this proposal of insurance. Alliant embraces a policy of transparency with respect to its compensation from insurance transactions. Details on our compensation policy, including the types of income that Alliant may earn on a placement, are available on our website at www.alliant.com. For a copy of our policy, or for any inquiries regarding compensation issues pertaining to your account, you may also contact us at: Alliant Insurance Services, Inc., Attention: General Counsel, 701 B Street, 6th Floor, San Diego, CA 92101. Analyzing insurers’ overall performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all aspects of insurance company finances and operations. Insurance brokerages such as Alliant Insurance typically rely upon rating agencies for this type of market analysis. Both A.M. Best and Standard and Poor’s have been industry leaders in this area for many decades, utilizing a combination of quantitative and qualitative analysis of the information available in formulating their ratings. A.M. Best has an extensive database of nearly 6,000 Life/Health, Property Casualty and International companies. You can visit them at www.ambest.com. For additional information regarding insurer financial strength ratings, visit Standard and Poor’s website at www.standardandpoors.com. Our goal is to procure insurance for you with underwriters possessing the financial strength to perform. Alliant does not, however, guarantee the solvency of any underwriters with which insurance or reinsurance is placed and maintains no responsibility for any loss or damage arising from the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an informed decision to accept or reject a particular underwriter. To learn more about companies doing business in your state, visit the Department of Insurance website for that state. Other Disclosures/Disclaimers FATCA: The Foreign Account Tax Compliance Act (FATCA) requires the notification of certain financial accounts to the United States Internal Revenue Service. Alliant does not provide tax advice, so please contact your tax consultant for your obligation regarding FATCA. Claims Reporting: Your policy will come with specific claim reporting requirements. Please make sure you understand these obligations. Contact your Alliant Service Team with any questions. NRRA: The Non-Admitted and Reinsurance Reform Act (NRRA) went into effect on July 21, 2011. Accordingly, surplus lines tax rates and regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If a change is required, we will promptly notify you. Any additional taxes and/or fees must be promptly remitted to Alliant Insurance Services, Inc. PROPERTY INSURANCE PROGRAM Page 12Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Coverage Lines July 1, 2022 to July 1, 2023 Changes and Developments It is important that we be advised of any changes in your operations which may have a bearing on the validity and/or adequacy of your insurance. The types of changes that concern us include, but are not limited to, those listed below: • Changes in any operations such as expansion to another state, new products, or new applications of existing products. • Travel to any state not previously disclosed. • Mergers and/or acquisition of new companies and any change in business ownership, including percentages. • Any newly assumed contractual liability, granting of indemnities, or hold harmless agreements. • Any changes in existing premises including vacancy, whether temporary or permanent, alterations, demolition, etc. Also, any new premises either purchased, constructed or occupied. • Circumstances which may require an increased liability insurance limit. • Any changes in fire or theft protection such as the installation of or disconnection of sprinkler systems, burglar alarms, etc. This includes any alterations to the system. • Immediate notification of any changes to a schedule of equipment, property, vehicles, electronic data processing, etc. • Property of yours that is in transit, unless previously discussed and/or currently insured. Certificates/Evidence of Insurance A certificate is issued as a matter of information only and confers no rights upon the certificate holder. The certificate does not affirmatively or negatively amend, extend or alter the coverage afforded by a policy. Nor does it constitute a contract between the issuing insurer(s), authorized representative, producer or certificate holder. You may have signed contracts, leases or other agreements requiring you to provide this evidence. In those agreements, you may assume obligations and/or liability for others (Indemnification, Hold Harmless) and some of the obligations that are not covered by insurance. We recommend that you and your legal counsel review these documents. In addition to providing a certificate of insurance, you may be required to name your client or customer on your policy as an additional insured. This is only possible with permission of the insurance company, added by endorsement and, in some cases, an additional premium. By naming the certificate holder as additional insured, there are consequences to your risks and insurance policy including: • Your policy limits are now shared with other entities; their claims involvement may reduce or exhaust your aggregate limit. • Your policy may provide higher limits than required by contract; your full limits can be exposed to the additional insured. • There may be conflicts in defense when your insurer has to defend both you and the additional insured. PROPERTY INSURANCE PROGRAM Page 13Rev: 7/1/22 PR O G R A M S U M M A R Y Property Schedule Guidelines July 1, 2022 to July 1, 2023 Please provide complete information on your property schedule. Listed below are explanations of the fields and property definitions. Address Complete Address including City, State and Zip Codes. Occupancy Indicate the square footage, name of location, and the number of floors. Construction Building “Class,” Construction Type, Roof Type. The following is a list of available options for this field: A = Non-Combustible Steel Frame (Steel Frames protected with fire rated Gunite) B = All Reinforced Concrete (aka Poured in Place Concrete) C = Masonry Construction with Wood Roof C1 = Masonry Construction with Non-Combustible Roof C3 = Concrete Block with Non-Combustible Roof C4 = Concrete Block with Combustible Roof CB = Concrete Block with Wood Roof D = All Combustible (Wood Frame including Modular Buildings) E = Equipment (Contractor’s Equipment) FR = Fire Resistive M = Mixed Non-Combustible/Combustible S = All Steel (Including Metal Frame Construction) U = Unknown V = Vehicles “Auto SPKLR”(Automatic Sprinkler System in a Building) - Indicate “YES” or “NO” and if yes, write in percent of the building which is sprinklered. If sprinklers are not applicable for the location type, please enter “N/A”. Year Built In this column indicate the year of construction. “Year Apprs”Year Last Appraised - Indicate year of last appraisal at each location. Earthquake/*Flood Indicate “YES” if you want to include Earthquake/Flood coverage for specified location(s); otherwise Indicate “NO”. Earthquake/Flood is an Optional Coverage at specific locations available for additional premium. Note: *Flood coverage is provided in the Program to all members at all locations where there is no dedicated Earthquake/Flood coverage at specific locations based on a $10,000,000 aggregate limit applicable to all members. Real Property Value shown should represent Replacement Cost Valuation of buildings and structures. This is the cost to repair or replace the structure in the same manner (at the same location) as currently constructed. Building means real property, permanently installed equipment or fixtures, building service equipment and yard fixtures and tenants improvements if a permanent part of a leased building. PROPERTY INSURANCE PROGRAM Page 14Rev: 7/1/22 PR O G R A M S U M M A R Y Property Schedule Guidelines July 1, 2022 to July 1, 2023 Personal Property Value shown should represent Replacement Cost Valuation on Personal Property, equipment, computer systems, etc. This is the cost to repair or replace property with material of like kind and quality. Personal property means furniture, fixture, equipment, tenant improvements, and property in your care while at your location. BI/Rents Amount of annual Rental Income, Bond Revenue Payment (amount required in finance documents), Business Interruption. Computer Equipment Data processing systems including equipment and component parts owned or leased by you and data processing media (software). This equipment can be shown in one lump sum. Fine Arts Works of Art whether located inside or outside of a building based on appraised value. Contractors Equipment Heavy-duty equipment not licensed for road use based on total replacement value. THE DEFINITIONS AND DESCRIPTIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE OF COVERAGE. PROPERTY INSURANCE PROGRAM Page 15Rev: 7/1/22 PR O G R A M S U M M A R Y THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC — P FOR FULL DEFINITIONS. Definitions All Risk Property Program July 1, 2022 to July 1, 2023 Real Property Buildings, structures, equipment or fixtures; machinery used for service of the building; yard fixtures; fire extinguishing equipment; outdoor furniture; floor covering and appliances, etc. Personal Property All personal property you own, including furniture, fixtures, and equipment, tenant improvements and betterments, labor, materials or services furnished or arranged by you, or personal property of others or within 1,000 ft. of the premises in the open (or within a vehicle). Business Income Form Loss to net profit before taxes that would have been earned or incurred and continuing normal operating expenses (including payroll) incurred during the time required to repair, rebuild or replace damaged property. Rental Income – Bond Obligation Loss of anticipated gross rental income from tenant occupancy when building becomes untenable due to covered property damage. Bond Obligation: extends the definition of rental income to include any amount in excess of normal rental income which is an obligation due under the terms and conditions of any revenue bond, certificate of participation, or similar instrument. Extra Expense Expenses, other than normal operating expenses, incurred to avoid or minimize the suspension of business operations. Bond Revenue Payments Financial instrument to provide construction and facilities loans to public entities. Business Continuation Expense Covers expenses incurred to continue normal operations which are over and above expenses you would have occurred had there been no loss. Electronic Data Processing Equipment Data processing systems including equipment and component parts thereof, owned by you or leased, rented or under your control as reported to the company. Also included is the active data processing media as defined within the policy and Extra Expense incurred. Blank media as well as reproduction costs are covered by the policy form. Course of Construction (Builder’s Risk) Coverage is provided for buildings while in the course of construction. Covers foundations and building materials, but only while at the premises or within 100 feet thereof. Building Ordinance Coverage is provided for values of undamaged portions of building(s) or structures and cost of demolishing and clearing the site of the undamaged portions when demolishing is necessary due to the enforcement of any law or ordinance regulating the construction, repairs, replacement, demolition, zoning or land use in force at the time of the loss or damage. PROPERTY INSURANCE PROGRAM Page 16Rev: 7/1/22 PR O G R A M S U M M A R Y THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC — P FOR FULL DEFINITIONS. Definitions All Risk Property Program July 1, 2022 to July 1, 2023 Mobile and Scheduled Equipment 1. Vehicles designed principally for off-road use, i.e., bulldozers, farm machinery, forklifts, etc. 2. Vehicles that travel on crawled treads. 3. Vehicles whether self-propelled or not which provide mobility to permanently mounted power cranes, shovels, loaders, diggers, drills or road construction or resurfacing equipment such as graders, scrapers or rollers. 4. Non self-propelled vehicles that provide mobility to permanently attached equipment of the following types: air compressors, pumps and generators including spraying, welding, building cleaning, or cherry pickers and similar devices used to raise and lower workers. 5. Non Mobile Equipment Vehicles used for snow removal, road maintenance (other than construction or resurfacing), or street cleaning equipment. If coverage desired, they should be scheduled. Newly Acquired Property Coverage is provided for personal property and equipment acquired after the inception of the policy. Class A and Class B Buildings Class A means newly acquired or constructed building(s) situated at a common premises including related structures which are protected by automatic sprinklers or other fire suppression systems which have been designed and installed in accordance with the National Fire Protection Association Codes or similar International Codes. Automatic protection is to be provided in all areas which have combustible construction or occupancy. No more than ten percent (10%) of the building area is to be of frame construction. The property must be situated in an area which qualifies at least an “ISO Public Protection Class 8” or its equivalent. Class B means newly acquired or constructed buildings, which do not qualify as Class A. Earthquake Sprinkler Leakage (EQSL) Coverage is provided for damage resulting from water damage caused by a break in the sprinkler system as a result of an earthquake. Accounts Receivable All sums due you from customers, provided you are unable to collect the sums because of direct result of loss of or damage to records of accounts receivable; including interest charges on any loan to offset impaired collections pending repayment of those sums made uncorrectable by loss. Valuable Papers Direct physical loss or damage to valuable papers and records while inside or outside the premises. Valuable papers includes books, maps, films, drawings, deeds, mortgages and manuscripts, etc. Cost to research, replace or restore the lost information is covered. Fine Arts Scheduled works of art while located at an insured premises or on exhibition within the territorial limits of the policy. PROPERTY INSURANCE PROGRAM Page 17Rev: 7/1/22 PR O G R A M S U M M A R Y THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC — P FOR FULL DEFINITIONS. Definitions All Risk Property Program July 1, 2022 to July 1, 2023 Agreed Amount Endorsement Waives the policy coinsurance requirements. Builder’s Risk Renovations Covers the value of improvements, alterations or repairs to buildings or structures under renovation. Consequential Loss Covered Loss as a result of a sequence of events that causes physical loss or damage not otherwise excluded to other Covered Property. We will cover the resulting physical loss or damage and the actual loss sustained under Business Income coverage during the time period as would be required with the exercise of due diligence and dispatch to repair or replace the damaged property. Consequential Reduction in Value Coverage for the reduction in value of insured components or parts of products due to “Covered Causes of Loss.” Contingent Business Income Covers any income loss sustained due to damage or destruction of property at a Contributing or Recipient property. Contingent Liability From Operation of Building Laws Covers the cost of demolition of the undamaged portion of the building when there is need for demolition occasioned by the enforcement of a state or municipal law or ordinance. Cost of Inventory Covers cost of conducting an inventory, appraisal and preparation of loss information in connection with a covered loss. Company will not pay for a public adjuster. Debris Removal Expenses incurred in the removal of all debris from the property covered in the policy which were incurred due to property damage to insured property. Demolition Cost Cost of demolishing any undamaged portion of covered buildings, including the cost of clearing the site. Earthquake Direct Physical Loss or damage to covered property caused by “earth movement.” All “earth movement” that occurs within any one hundred sixty-eight (168) hour period will constitute a single “earth movement.” “Earth movement” means: Any “earth movement” (other than sinkhole collapse), such as: Earthquake; Landslide; Mine subsidence; Earth sinking, rising, shifting; or Tsunami; Volcanic Action, explosion or effusion including airborne volcanic blast or airborne shock waves, ash, dust or particulate matter or lava flow. Elevator Collision Direct loss to elevators caused by accidental collision of any part of an elevator or of anything carried thereon with another part of the elevator or with another object. Errors and Omissions Endorsement States that coverage will not be prejudiced by an unintentional delay or error or omission in making required reports or any unintentional error in the amount or description of interests insured if notice of any such error or omission is given to the Company as soon as it becomes known to you. Fire & Ambulance Vehicles Covers on an “All Risk” basis direct physical damage to vehicles you own or lease and the equipment on the vehicle, excluding earthquake and flood. Coverage includes collision with another object or vehicle and theft. PROPERTY INSURANCE PROGRAM Page 18Rev: 7/1/22 PR O G R A M S U M M A R Y THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC — P FOR FULL DEFINITIONS. Definitions All Risk Property Program July 1, 2022 to July 1, 2023 Fire Department Service Charge Covers your liability for fire department service charges assumed by a contract prior to loss or required by local ordinance. Flood General or temporary condition of partial or complete inundation of normally dry land areas caused by the unusual and rapid accumulation or runoff of surface waters; waves; tides; tidal waves; overflow of any body of water; and their spray, all whether driven by wind or not; mudslide or mudflow. Functional Replacement Cost Covers the cost to replace property with similar property intended to perform the same function when replacement with identical property is impossible or unnecessary. Increased Cost of Construction Covers the increased cost of repair, rebuilding or construction resulting from the enforcement of the minimum requirements of any state or municipal law or ordinance regulating construction or repair. Newly Acquired Locations Real Property not owned prior to the inception date of the policy but rather acquired during the term of the policy at any location (must be reported immediately). Occurrence Limit of Liability States the Company’s limit of liability will not exceed the limit stated within the policy in any one disaster or event per city. Personal Property of Others and Personal Effects Personal property of others while in your care, custody and control for which you are liable (extension does not apply to theft). Pollutant Clean Up and Removal Covers your expense to extract “pollutants” from land or water or to remove property which contains “pollutants” if caused by a loss, covered under the policy. Expenses must be reported within 180 days of damage or before end of policy period. Preservation of Property Coverage for property while it is being moved or is temporarily stored at another location in order to preserve it from loss or damage by a covered cause of loss. Property Covered Includes property leased by the named insured where the insured is required to maintain property coverage, provided property is scheduled on the policy. Property in Transit Coverage for your property or property in your care, custody and control while being transported by your vehicles, by truck drivers or by other commercial carriers. Property Off Premises Property temporarily at a location you do not own, lease or operate is covered by this contract. Radio and Telephone Equipment Radio and telephone equipment while in vehicles. Stated Amount Per Vehicle Agreed that the value stated on the automobile schedule is the actual value of the vehicle. Losses are adjusted using this reported value. PROPERTY INSURANCE PROGRAM Page 19Rev: 7/1/22 PR O G R A M S U M M A R Y THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC — P FOR FULL DEFINITIONS. Definitions All Risk Property Program July 1, 2022 to July 1, 2023 Rental Income Value (1) The total anticipated Gross Rental Income from tenant occupancy as furnished and equipped of the Insured, and (2) The amount of all charges which are the legal obligation of the tenant(s) and which would otherwise be obligations of the Insured, and (3) The fair rental value of any portion of said property which is occupied by the Insured, and (4) Any amount in excess of 1, 2 and 3 (above) which is an obligation due under the terms and conditions of any revenue bond, Certificate of Participation or similar instrument. Replacement Cost Means the amount actually and necessarily expended in repairing or replacing the property with identical property on the same premises and intended for the same occupancy or use. Replacement cost does not apply to carpeting, cloth awnings, air conditioners, domestic appliances and outdoor equipment. Tenants Improvements and Betterments Fixtures, alterations, installations or additions comprising a part of the building, which are permanent and not legally removable, which are owned by you and in which you have an insurable interest. Unit of Coverage In the application of the Earthquake Shock Deductible Clause and made a part of this coverage, each of the following shall be considered a Separate Unit of Coverage (a) Each Separate Building or Structure (b) The Contents of each separate Building or Structure (c) All insured Property in the open Property in each Yard (d) Applicable Time Element Coverage of each separate Building or Structure The Authority shall not be liable for loss to any Unit of Coverage covered hereunder, unless such loss exceeds the percentages stated in this MOC — P of the replacement values of such Unit of Coverage at the time when such loss shall happen, and then only for its proportion of such excess. Vacancy Permit Simply states that the vacancy loss condition exclusion within the policy does not apply. PROPERTY INSURANCE PROGRAM Page 20Rev: 7/1/22 PR O G R A M S U M M A R Y THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC — P FOR FULL DEFINITIONS. Definitions All Risk Property Program July 1, 2022 to July 1, 2023 Valuation In case of loss or damage to covered property, the basis of adjustment of any claim is as follows: A. On all real and personal property, including property of others at the replacement value, that is replacement with materials of like kind and quality, at the time of the loss without deduction for depreciation. If property is not replaced within a reasonable period of time, but no longer than five years from the date final payment is received by the member, then the actual cash value shall apply. However, on vacant property, the following valuation provisions shall apply: 1. On premises defined as vacant herein for a period in excess of 60 days and reported to the Authority, then actual cash value shall apply. 2. On premises defined as vacant herein for a period in excess of 60 days and not reported to the Authority, the maximum the Authority will pay will be the actual cash value less a further 25% of actual cash value. B. On improvements and betterments at the replacement value at time of loss without deduction for depreciation. If property is not repaired or replaced within a reasonable period of time, then the actual cash value shall apply. If replaced or repaired by others for the use of the Covered Member, there shall be no liability hereunder. The Authority agrees to accept and consider the Covered Member as sole and unconditional owner of all improvements and betterments, any contract or lease the Covered Member may have made to the contrary notwithstanding. C. On manuscripts, mechanical drawings, patterns, electronic data processing media, books of accounting and other valuable papers, the full replacement cost of the property at the time of loss (including expenses incurred to recreate the information lost, damaged or destroyed) or what it would then cost to repair, replace or reconstruct the property with other of like kind and quality. If not repaired, replaced or reconstructed within a reasonable period of time, then not to exceed the cost of blank or unexposed material. D. On antique, restored or historical buildings, the cost of acquisition, relocation to the site and renovation, restoration, reproduction or reconstruction. In the event of a partial loss, replacement cost for antique, restored or historical buildings shall mean the cost of repairing, replacing, constructing or reconstructing (whichever is less) the property on the same site using materials of like kind and quality necessary to preserve or maintain a buildings’ historical significance without deduction for depreciation. PROPERTY INSURANCE PROGRAM Page 21Rev: 7/1/22 PR O G R A M S U M M A R Y THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC — P FOR FULL DEFINITIONS. Definitions All Risk Property Program July 1, 2022 to July 1, 2023 Valuation (Continued)E. On property of others for which the Covered Member is liable under written contract, written lease, or written agreement, the Authority’ s liability in the event of loss is limited to the Covered Member’s obligation as defined in said written contract or written lease agreement. F. Recovery for loss or damage to covered vehicles and contractors’ equipment/ unlicensed vehicles on or off premises, we shall not be liable for more than the cost to repair or replace the same with material of like kind and quality, except when the repair costs exceed the market value of the vehicle (as established by the most recent edition of the “Kelly Blue Book”), in which case the Scheduled Limit shall apply. G. Animals: The stated value as per schedule on file with Alliant. H. The valuation of library contents is based on the raw costs of each category of books as established by an Authority and Covered Member agreed upon library association at time of loss. These figures do not include the “shelving cost” of each book as the Authority recognizes that not all books will be replaced. The coverage for shelving is a “valuable papers” exposure. Vehicles – On Premises Coverage is provided for automobiles scheduled on the policy while they are located on your premises. Collision coverage is excluded. Vehicles Physical Damage Covers on an “All Risk” basis direct physical damage to your owned or leased auto including collision with another object or vehicle, excluding earthquake and flood. Automobile theft is covered. Act of Terrorism Act of Terrorism: The words "Act of Terrorism” means an act or series of acts, including but not limited to the use of force or violence, of any person or group(s) of persons, whether acting alone or on behalf of or in connection with any organization(s), committed for political, religious or ideological or similar purposes, including the intention to influence any government and/or to put the public, or any section of the public, in fear for such purposes. Unit of Coverage In the application of the Earthquake Shock Deductible Clause and made a part of this coverage, each of the following shall be considered a Separate Unit of Coverage (a) Each Separate Building or Structure (b) The Contents of each separate Building or Structure (c) All insured Property in the open Property in each Yard (d) Applicable Time Element Coverage of each separate Building or Structure The Authority shall not be liable for loss to any Unit of Coverage covered hereunder unless such loss exceeds the percentages stated in this MOC - P of the replacement values of such Unit of Coverage at the time when such loss shall happen, and then only for its proportion of such excess. PROPERTY INSURANCE PROGRAM Page 22Rev: 7/1/22 PR O G R A M S U M M A R Y Coverage Detail All Risk Coverage *SEE LAST PAGE FOR ADDITIONAL DETAILS THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2022 Covered Parties California Joint Powers Insurance Authority and participating members Primary Policy Reinsured By Policy Number Lloyds (85%)/Markel-Evanston Ins Co. (15%) # B128410009W22 / # MKLV5XPR000974 Excess policies per Schedule of Insurers *A.M. Best Guide Rating Lloyds: A, Excellent, Financial Size Category XV Greater than $2,000,000,000 Markel-Evanston Ins Co: A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 *Standard & Poor’s Rating Lloyds: A+, Strong Financial Security Markel-Evanston Ins Co: A, Strong Financial Security California Status Lloyds: Non-Admitted Evanston Ins Co: Non-Admitted Protection Period July 1, 2022, 12:01 AM to July 1, 2023, 12:01 AM Coverage Section A – “All Risk” Scheduled property of every description of an insurable nature, both real (including vehicles) and personal (including improvements and betterments) of the insured member, or property of others in the care, custody or control of the Insured member for which the Insured member is liable or under obligation to keep insured, located at an insured location or within 1,000 feet thereof to the extent of the interest of the Insured member in such property. The interest of additional covered parties and/or loss payees are automatically included. PROPERTY INSURANCE PROGRAM Page 23Rev: 7/1/22 PR O G R A M S U M M A R Y Coverage Detail All Risk Coverage THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2022 Limits/Coverage $ 500,000,000 Per Occurrence shared by all members – “All Risks” of Direct Physical Loss or Damage to Real and Personal Property and Business Interruption as more fully described in the Memorandum of Coverage – Property or excess insurance policies. (Limit shared by all program members) $ 200,000,000 Per occurrence shared by all members and in the annual aggregate as respects Earthquake Shock for those locations that Covered Members specifically purchase Earthquake Shock coverage. $ 200,000,000 Per occurrence shared by all members and in the annual aggregate as respects Flood for those locations that Covered Members specifically purchase Earthquake Shock coverage. $ 10,000,000 Per occurrence shared by all members and in the annual aggregate as respects Flood for those locations that the Covered Members do not purchase Earthquake Shock coverage. $ 200,000,000 In the annual aggregate - The maximum amount recoverable hereunder in respect of all Flood. $ 200,000,000 In the annual aggregate - The maximum amount recoverable in respects of Earthquake Shock. Sublimits $ 125,000,000 Earthquake Sprinkler Leakage $ 75,000,000 Ordinance or Law (Building Laws, Demolition Cost and Increased Cost of Construction) in respect Earthquake Shock and Flood only per occurrence and in the annual aggregate. $ 50,000,000 Final Contract Value in respect of Real Property in the Course of Construction including new projects at new locations. Includes Earthquake Shock and Flood for existing Covered Members reported within 60 days. Excludes Earthquake Shock and Flood for new Covered Members. $ 25,000,000 Newly Acquired Property per building or structure for existing Covered Members. Includes Earthquake Shock for existing Covered Members that already purchase Earthquake Shock, when the new location is reported within 60 days. $ 25,000,000 Newly Acquired Property per building or structure for new Covered Members reported within 60 days. Excludes Earthquake Shock for new insured members. PROPERTY INSURANCE PROGRAM Page 24Rev: 7/1/22 PR O G R A M S U M M A R Y Coverage Detail All Risk Coverage THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2022 Sublimits (Continued)$ 5,000,000 Newly Acquired for all piers, docks, wharves and dams per member reported within 60 days. Includes Earthquake Shock and Flood for existing Covered Members that already purchase earthquake shock, when the new location is reported within 60 days. Excludes Earthquake Shock and Flood for new Covered Members. $ 2,000,000 Per occurrence as respects Off Premises Services Business Interruption including Extra Expense. $ 5,000,000 Unscheduled or Temporary Locations $ 2,500,000 Scheduled Vacant Property $ 10,000,000 Errors and Omissions $ 5,000,000 Per occurrence and in the annual aggregate inclusive of resultant Time Element coverages as respects scheduled landscaping, tees, sand traps, greens and natural athletic fields and subject to a $25,000/48-inch box maximum per item for trees and shrubs. This coverage is excluding any amount recoverable from Federal Emergency Management Agency (F.E.M.A.) and/or any State Office of Emergency Services (O.E.S.) declared disasters, providing said declaration provides funding for repairs. $ 500,000 Per occurrence and $1,000,000 in the annual aggregate as respects unscheduled landscaping, tees, sand traps, greens and natural athletic fields and subject to a $25,000/48-inch box maximum per item for trees and shrubs. This coverage is excluding any amount recoverable from Federal Emergency Management Agency (FEMA) and/or any State Office of Emergency Services (O.E.S.) declared disasters, providing said declaration provides funding for repairs. $ 1,000,000 Per occurrence as respects unscheduled tunnels, bridges, dams, catwalks (except those not for public use), roadways, highways, streets, sidewalks, (and related appurtenances) culverts, streetlights and traffic signals. $ 25,000,000 Tax Revenue Interruption Protection per occurrence $ 500,000 Animals $ 250,000 Per occurrence and in the annual aggregate as respects Rewards $ 250,000 Newly Acquired Fine Arts per insured member. PROPERTY INSURANCE PROGRAM Page 25Rev: 7/1/22 PR O G R A M S U M M A R Y Coverage Detail All Risk Coverage THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2022 Section B Terrorism Limits/Coverage Limits $ 100,000,000 Per occurrence and in the annual aggregate as respects Acts of Terrorism and Sabotage. Sublimits $ 25,000,000 Off-Premises Services $ 25,000,000 Contingent Time Element and coverage in respect of Direct Customers and Suppliers only. $ 10,000,000 Worldwide Transit Deductibles All Risk $ 10,000 Per occurrence, all perils and property including fire and ambulance vehicles and vehicles on the premises and boats, except as indicated by peril or type of property below: $ 2,500 Per occurrence, radio and telephone equipment in vehicles $ 2,500 Per occurrence, auto physical damage – comprehensive $ 2,500 Per occurrence, auto physical damage – collision $ 2,500 Per occurrence, sea doos $ 250,000 Per occurrence, unscheduled tunnels, bridges, dams, catwalks (except those not for public use), roadways, highways, streets, sidewalks, culverts, street lights and traffic signals $ 100,000 Per occurrence, unscheduled property, unless vacant in which case there is no coverage $ 500,000 Per occurrence for vacant scheduled buildings Flood $ 100,000 Per occurrence except: $ 250,000 Locations in Flood Zones A and V Per Member Per Occurrence $ 500,000 Per occurrence, per pier for Flood and/or Wavewash For unscheduled property, whether vacant or not, the Flood deductible shall be the greater of the Flood deductible above, or the applicable “All Risk” deductible. Earthquake Shock 5%Per unit of insurance subject to a minimum of $100,000 per occurrence Terrorism $ 10,000 Any One Occurrence 24 Hr Waiting Period for Service Interruption PROPERTY INSURANCE PROGRAM Page 26Rev: 7/1/22 PR O G R A M S U M M A R Y Coverage Detail All Risk Coverage THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2022 Claims Reporting Complete the incident reporting form on the California JPIA website, CJPIA.org, and report to: Alliant Insurance Services, Inc. Robert Frey, Claims Manager Akbar Sharif, Claims Advocate-Lead 100 Pine St., 11th Floor San Francisco, CA 94111 Phone: 415-403-1400 Fax: 415-403-1466 Broker Alliant Insurance Services, Inc. Irvine, CA Dennis Mulqueeney, Senior Vice President Robert Lowe, First Vice President Christopher Gray, Account Executive PROPERTY INSURANCE PROGRAM Page 27Rev: 7/1/22 PR O G R A M S U M M A R Y Coverage Detail All Risk Coverage THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2022 This summary of insurance is provided as a matter of convenience and information only. All information included in this summary including, but not limited to, personal and real property values, locations, operations, products, data, automobile schedules, financial data and loss experience, is based on facts and representations supplied to Alliant Insurance Services, Inc. by you. This summary does not reflect any independent study or investigation by Alliant Insurance Services, Inc. or its agents and employees. This summary does not add to, extend, amend, change, or alter any coverage in any actual policy of insurance you may have. All existing policy terms, conditions, exclusions, and limitations apply. For specific information regarding your insurance coverage, please refer to the policy itself. Alliant Insurance Services, Inc. will not be liable for any claims arising from or related to information included in or omitted from this proposal of insurance. Alliant embraces a policy of transparency with respect to its compensation from insurance transactions. Details on our compensation policy, including the types of income that Alliant may earn on a placement, are available on our website at www.alliant.com. For a copy of our policy, or for any inquiries regarding compensation issues pertaining to your account, you may also contact us at: Alliant Insurance Services, Inc., Attention: General Counsel, 701 B Street, 6th Floor, San Diego, CA 92101. Analyzing insurers’ overall performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all aspects of insurance company finances and operations. Insurance brokerages such as Alliant Insurance typically rely upon rating agencies for this type of market analysis. Both A.M. Best and Standard and Poor’s have been industry leaders in this area for many decades, utilizing a combination of quantitative and qualitative analysis of the information available in formulating their ratings. A.M. Best has an extensive database of nearly 6,000 Life/Health, Property Casualty and International companies. You can visit them at www.ambest.com. For additional information regarding insurer financial strength ratings, visit Standard and Poor’s website at www.standardandpoors.com. Our goal is to procure insurance for you with underwriters possessing the financial strength to perform. Alliant does not, however, guarantee the solvency of any underwriters with which insurance or reinsurance is placed and maintains no responsibility for any loss or damage arising from the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an informed decision to accept or reject a particular underwriter. To learn more about companies doing business in your state, visit the Department of Insurance website for that state. OTHER DISCLOSURES/DISCLAIMERS FATCA The Foreign Account Tax Compliance Act (FATCA) requires the notification of certain financial accounts to the United States Internal Revenue Service. Alliant does not provide tax advice, so please contact your tax consultant for your obligation regarding FATCA. CLAIMS REPORTING Your policy will come with specific claim reporting requirements. Please make sure you understand these obligations. Contact your Alliant Service Team with any questions. NRRA The Non-Admitted and Reinsurance Reform Act (NRRA) went into effect on July 21, 2011. Accordingly, surplus lines tax rates and regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If a change is required, we will promptly notify you. Any additional taxes and/or fees must be promptly remitted to Alliant Insurance Services, Inc. PROPERTY INSURANCE PROGRAM Page 28Rev: 7/1/22 PR O G R A M S U M M A R Y Coverage Detail All Risk Coverage THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2022 CHANGES AND DEVELOPMENTS It is important that we be advised of any changes in your operations which may have a bearing on the validity and/or adequacy of your insurance. The types of changes that concern us include, but are not limited to, those listed below: • Changes in any operations such as expansion to another state, new products, or new applications of existing products. • Travel to any state not previously disclosed. • Mergers and/or acquisition of new companies and any change in business ownership, including percentages. • Any newly assumed contractual liability, granting of indemnities, or hold harmless agreements. • Any changes in existing premises including vacancy, whether temporary or permanent, alterations, demolition, etc. Also, any new premises either purchased, constructed or occupied. • Circumstances which may require an increased liability insurance limit. • Any changes in fire or theft protection such as the installation of, or disconnection of, sprinkler systems, burglar alarms, etc. This includes any alterations to the system. • Immediate notification of any changes to a schedule of equipment, property, vehicles, electronic data processing, etc. • Property of yours that is in transit, unless previously discussed and/or currently insured. CERTIFICATES/EVIDENCE OF INSURANCE A certificate is issued as a matter of information only and confers no rights upon the certificate holder. The certificate does not affirmatively or negatively amend, extend or alter the coverage afforded by a policy. Nor does it constitute a contract between the issuing insurer(s), authorized representative, producer or certificate holder. You may have signed contracts, leases or other agreements requiring you to provide this evidence. In those agreements, you may assume obligations and/or liability for others (Indemnification, Hold Harmless) and some of the obligations that are not covered by insurance. We recommend that you and your legal counsel review these documents. In addition to providing a certificate of insurance, you may be required to name your client or customer on your policy as an additional insured. This is only possible with permission of the insurance company, added by endorsement and, in some cases, an additional premium. By naming the certificate holder as additional insured, there are consequences to your risks and insurance policy including: • Your policy limits are now shared with other entities; their claims involvement may reduce or exhaust your aggregate limit. • Your policy may provide higher limits than required by contract; your full limits can be exposed to the additional insured. • There may be conflicts in defense when your insurer has to defend both you and the additional insured. PROPERTY INSURANCE PROGRAM Page 29Rev: 7/1/22 PR O G R A M S U M M A R Y Member Roster All Risk Coverage July 1, 2022 to July 1, 2023 Agoura Hills Agoura Hills Calabasas Community Center Authority Alhambra Aliso Viejo Apple Valley Arroyo Grande Artesia Atascadero Azusa Bell Gardens Bellflower Big Bear City Community Services District Big Bear Lake Bishop Black Gold Library Cooperative Library System Bradbury Brawley Buellton Calabasas California JPIA Camarillo Carpinteria Cerritos Cerritos Center for the Performing Arts Chino Hills Claremont Coachella Valley Association of Governments Coastal Animal Services Authority Commerce Dana Point Desert Recreation District Diamond Bar Duarte Eastern Sierra Transit District El Centro Fillmore Goleta Grand Terrace Grover Beach Guadalupe Hawaiian Gardens Hemet Hidden Hills Imperial Indian Wells Indio Irwindale La Canada Flintridge La Habra Heights La Mirada La Palma La Puente La Quinta La Verne Laguna Niguel Laguna Woods Lake Elsinore Lake Forest Lakewood LA-RICS Lawndale Loma Linda Lomita Malibu Mammoth Lakes Midpeninsula Regional Open Space District Mission Viejo Monterey Peninsula Regional Park District Monrovia Moorpark Morro Bay Mountain Area Regional Transit Authority Needles Norwalk Ojai Pacific Grove Palm Desert Palos Verdes Estates Paramount Paso Robles Pismo Beach Port Hueneme Port Hueneme Housing Authority Poway Rancho Palos Verdes Rolling Hills Rolling Hills Estates Rosemead Rossmoor CSD San Clemente San Dimas San Gabriel San Juan Capistrano San Luis Obispo San Marcos San Marino Santa Clarita Santa Fe Springs Santa Paula Seal Beach Seaside Signal Hill Solvang South El Monte Southeast Area Animal Control Authority (SEAACA) Southern California Association of Governments Stanton Temple City Ventura Port District Villa Park Walnut West Cities Police Communications JPA West Covina Westlake Village PROPERTY INSURANCE PROGRAM Page 30Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Risk Coverage July 1, 2022 to July 1, 2023 EXCESS ALL RISK INCLUDING EARTHQUAKE, EQ SPRINKLER LEAKAGE & FLOOD Limit: $75,000,000 Excess of $25,000,000 PRIMARY ALL RISK INCLUDING EARTHQUAKE, EQ SPRINKLER LEAKAGE & FLOOD COVERAGE PROVIDED ON STRUCTURES, CONTENTS & VEHICLES Limit: $25,000,000 Per Occurrence FLOOD FOR NON-EARTHQUAKE LOCATIONS – Sub-limit: $10,000,000 Annual Aggregate REINSURED BY LLOYDS OF LONDON $21,250,000 POLICY # B128410009W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 REINSURED BY MARKEL-EVANSTON INSURANCE COMPANY $3,750,000 POLICY # MKLV5XPR000974 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 BERKSHIRE $5,625,000 POLICY # 42-XPR-322654-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Admitted AA+, Very Strong Financial Security A+, Superior; Financial Size Category XV; Greater than $2,000,000,000 LANDMARK AMERICAN INS. CO. $3,000,000 POLICY # LHD428856 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A+, Superior; Financial Size Category XIV; $1,500,000,000 to $2,000,000,000 PROPERTY INSURANCE PROGRAM Page 31Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Risk Coverage July 1, 2022 to July 1, 2023 LLOYDS OF LONDON (AXA) $8,300,000 POLICY # B128410009W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 LLOYDS OF LONDON (UNICORN) $550,000 POLICY # B128424899W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 EXCESS ALL RISK INCLUDING EARTHQUAKE, EQ SPRINKLER LEAKAGE & FLOOD Limit: $65,000,000 Excess $35,000,000 BMS - LLOYDS OF LONDON $20,800,000 POLICY # B128410010W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 BMS - LLOYDS OF LONDON $2,216,500 POLICY # B128424910W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 ARCH SPECIALTY INSURANCE COMPANY $5,000,000 POLICY # ESP7300392-09 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A+, Superior; Financial Size Category XV; Greater than $2,000,000,000 EXCESS ALL RISK INCLUDING EARTHQUAKE, EQ SPRINKLER LEAKAGE & FLOOD Limit: $10,000,000 Excess of $25,000,000 PROPERTY INSURANCE PROGRAM Page 32Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Risk Coverage July 1, 2022 to July 1, 2023 IRONSHORE SPECIALTY INSURANCE COMPANY $2,525,000 POLICY # 1000538800-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A, Strong Financial Security A, Excellent; Financial Size Category XV; Greater than $2,000,000,000 HALLMARK SPECIALTY INSURANCE COMPANY $6,500,000 POLICY # 73PRX22AE78 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted Not Rated A-, Excellent; Financial Size Category VIII; $100 Million to $250 Million MUNICHRE-THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY $5,000,000 POLICY # N1-A3-XP-0000030-00 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted AA-, Very Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 KEMAH CAPITAL-NATIONAL FIRE & MARINE INSURANCE COMPANY $3,250,000 POLICY # DF00032547 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted AA+, Very Strong Financial Security A++, Superior, Financial Size Category XV; Greater than $2,000,000,000 SWISSRE $3,500,000 POLICY # ESP 2005578 00 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Not Rated PROPERTY INSURANCE PROGRAM Page 33Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Risk Coverage July 1, 2022 to July 1, 2023 CORE SPECIALTY-STARSTONE SPECIALTY INSURANCE COMPANY $5,484,000 POLICY # N89362220CSP California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted Not Rated A-, Excellent, Financial Size Category XII; $1 Billion to $1.25 Billion VELOCITY RISK UNDERWRITERS, LLC $3,250,000 POLICY # 2022-9004457-01 • Certain Underwriters at Lloyds and other Insurers subscribing to Binding Authority B604510568622022 (21%) POLICY # VRN-CN-0004457-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 • Certain Underwriters at Lloyds, London-Syndicate 2357 (31%) POLICY # VRN-CN-0004457-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 • Independent Specialty Insurance Company (35%)POLICY # VRN-CN-0004457-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 • Interstate Fire & Casualty Company (13%)POLICY # VRN-CN-0004457-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted AA+, Very Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,00 PROPERTY INSURANCE PROGRAM Page 34Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Risk Coverage July 1, 2022 to July 1, 2023 ARROWHEAD-GENERAL SECURITY INDEMNITY CO. OF ARIZONA $10,000,000 POLICY # TR0001486-13443-22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted AA-, Very Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 ARROWHEAD-OLD REPUBLIC UNION INSURANCE COMPANY $10,000,000 POLICY # ORARIM001261-00 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 ARROWHEAD-EVEREST INDEMNITY COMPANY $25,000,000 POLICY # 8400009968-221 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 ARROWHEAD-LEXINGTON INSURANCE COMPANY $5,000,000 POLICY # 043403482 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 DIC INCLUDING EARTHQUAKE AND FLOOD, EXCLUDING EQ SPRINKLER LEAKAGE Limit: $50,000,000 Excess $100,000,000 PROPERTY INSURANCE PROGRAM Page 35Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Risk Coverage July 1, 2022 to July 1, 2023 EXCESS ALL RISK EXCLUDING EARTHQUAKE SHOCK AND FLOOD, INCLUDING EQSL Limit: $50,000,000 Excess $100,000,000 MARKEL-EVANSTON INSURANCE COMPANY $6,250,000 POLICY # MKLV5XPR000974 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 HALLMARK SPECIALTY INSURANCE COMPANY $5,000,000 POLICY # 73PRX22AE79 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted Not Rated A-, Excellent; Financial Size Category VIII; $100 Million to $250 Million LLOYDS OF LONDON - ATRIUM AND TOKYO MARINE $7,500,000 POLICY # B128422387W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent; Financial Size Category XV; Greater than $2,000,000,000 MUNICHRE-THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY $25,000,000 POLICY # 78-A3-XP-0000813-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted AA-, Very Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 AXIS SURPLUS INSURANCE COMPANY $6,250,000 POLICY # ELF654136-22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 PROPERTY INSURANCE PROGRAM Page 36Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Risk Coverage July 1, 2022 to July 1, 2023 EARTHQUAKE SHOCK AND FLOOD EXCLUDING EQSL Limit: $50,000,000 Excess $150,000,000 ARROWHEAD-QBE SPECIALTY INSURANCE COMPANY $5,000,000 POLICY # ESE20250-00 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 ARROWHEAD-GENERAL SECURITY INDEMNITY CO. OF ARIZONA $10,000,000 POLICY # TR0001486-13447-22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted AA-, Very Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 EXCESS ALL RISK EXCLUDING EARTHQUAKE SHOCK AND FLOOD Limit: $350,000,000 Excess $150,000,000 LANDMARK AMERICAN INSURANCE COMPANY $175,000,000 POLICY # LHD428857 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A+, Superior, Financial Size Category XIV; $1,500,000,000 to $2,000,000,000 CHUBB LONDON $175,000,000 POLICY # B128422306W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent; Financial Size Category XV; Greater than $2,000,000,000 PROPERTY INSURANCE PROGRAM Page 37Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Risk Coverage July 1, 2022 to July 1, 2023 TRAVELERS PROPERTY CASUALTY COMPANY OF AMERICA $150,000,000 POLICY # BME1-4H539532 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Admitted AA, Very Strong Financial Security A++, Superior, Financial Size Category XV; Greater than $2,000,000,000 BOILER & MACHINERY Limit: $150,000,000 Per Occurrence/Annual Aggregate ARROWHEAD- LEXINGTON INSURANCE COMPANY $10,000,000 POLICY # 043403483 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent; Financial Size Category XV; Greater than $2,000,000,000 ARROWHEAD-PALOMAR EXCESS AND SURPLUS INSURANCE COMPANY $25,000,000 POLICY # PE701958 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted Not Rated A-, Excellent; Financial Size Category IX; $250 Million to $500 Million SUBLIMIT: $ 25,000,000 $ 75,000,000 EQ SPRINKLER LEAKAGE EXCESS UNDERLYING EQ SPRINKLER LEAKAGE SUBLIMIT:$ 10,000,000 $ 150,000,000 FLOOD ANNUAL AGGREGATE EXCESS UNDERLYING FLOOD ANNUAL AGGREGATE REINSURED BY LLOYDS $100,000,000 POLICY # 128413412W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent; Financial Size Category XV; Greater than $2,000,000,000 TERRORISM Limit: $100,000,000 Per Occurrence/Annual Aggregate PROPERTY INSURANCE PROGRAM Page 38Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Risk Coverage July 1, 2022 to July 1, 2023 This summary of insurance is provided as a matter of convenience and information only. All information included in this summary, including but not limited to personal and real property values, locations, operations, products, data, automobile schedules, financial data and loss experience, is based on facts and representations supplied to Alliant Insurance Services, Inc. by you. This summary does not reflect any independent study or investigation by Alliant Insurance Services, Inc. or its agents and employees. This summary does not add to, extend, amend, change, or alter any coverage in any actual policy of insurance you may have. All existing policy terms, conditions, exclusions, and limitations apply. For specific information regarding your insurance coverage, please refer to the policy itself. Alliant Insurance Services, Inc. will not be liable for any claims arising from or related to information included in or omitted from this proposal of insurance. Alliant embraces a policy of transparency with respect to its compensation from insurance transactions. Details on our compensation policy, including the types of income that Alliant may earn on a placement, are available on our website at www.alliant.com. For a copy of our policy, or for any inquiries regarding compensation issues pertaining to your account, you may also contact us at: Alliant Insurance Services, Inc., Attention: General Counsel, 701 B Street, 6th Floor, San Diego, CA 92101. Analyzing insurers’ overall performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all aspects of insurance company finances and operations. Insurance brokerages such as Alliant Insurance typically rely upon rating agencies for this type of market analysis. Both A.M. Best and Standard and Poor’s have been industry leaders in this area for many decades, utilizing a combination of quantitative and qualitative analysis of the information available in formulating their ratings. A.M. Best has an extensive database of nearly 6,000 Life/Health, Property Casualty and International companies. You can visit them at www.ambest.com. For additional information regarding insurer financial strength ratings, visit Standard and Poor’s website at www.standardandpoors.com. Our goal is to procure insurance for you with underwriters possessing the financial strength to perform. Alliant does not, however, guarantee the solvency of any underwriters with which insurance or reinsurance is placed and maintains no responsibility for any loss or damage arising from the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an informed decision to accept or reject a particular underwriter. To learn more about companies doing business in your state, visit the Department of Insurance website for that state. OTHER DISCLOSURES/DISCLAIMERS FATCA: The Foreign Account Tax Compliance Act (FATCA) requires the notification of certain financial accounts to the United States Internal Revenue Service. Alliant does not provide tax advice, so please contact your tax consultant for your obligation regarding FATCA. CLAIMS REPORTING: Your policy will come with specific claim reporting requirements. Please make sure you understand these obligations. Contact your Alliant Service Team with any questions. NRRA: The Non-Admitted and Reinsurance Reform Act (NRRA) went into effect on July 21, 2011. Accordingly, surplus lines tax rates and regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If a change is required, we will promptly notify you. Any additional taxes and/or fees must be promptly remitted to Alliant Insurance Services, Inc. PROPERTY INSURANCE PROGRAM Page 39Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers All Risk Coverage July 1, 2022 to July 1, 2023 CHANGES AND DEVELOPMENTS It is important that we be advised of any changes in your operations which may have a bearing on the validity and/or adequacy of your insurance. The types of changes that concern us include, but are not limited to, those listed below: • Changes in any operations such as expansion to another state, new products, or new applications of existing products. • Travel to any state not previously disclosed. • Mergers and/or acquisition of new companies and any change in business ownership, including percentages. • Any newly assumed contractual liability, granting of indemnities, or hold harmless agreements. • Any changes in existing premises including vacancy, whether temporary or permanent, alterations, demolition, etc. Also, any new premises either purchased, constructed or occupied. • Circumstances which may require an increased liability insurance limit. • Any changes in fire or theft protection such as the installation of, or disconnection of, sprinkler systems, burglar alarms, etc. This includes any alterations to the system. • Immediate notification of any changes to a schedule of equipment, property, vehicles, electronic data processing, etc. • Property of yours that is in transit, unless previously discussed and/or currently insured. CERTIFICATES/EVIDENCE OF INSURANCE A certificate is issued as a matter of information only and confers no rights upon the certificate holder. The certificate does not affirmatively or negatively amend, extend or alter the coverage afforded by a policy. Nor does it constitute a contract between the issuing insurer(s), authorized representative, producer or certificate holder. You may have signed contracts, leases or other agreements requiring you to provide this evidence. In those agreements, you may assume obligations and/or liability for others (Indemnification, Hold Harmless) and some of the obligations that are not covered by insurance. We recommend that you and your legal counsel review these documents. In addition to providing a certificate of insurance, you may be required to name your client or customer on your policy as an additional insured. This is only possible with permission of the insurance company, added by endorsement and, in some cases, an additional premium. By naming the certificate holder as additional insured, there are consequences to your risks and insurance policy including: • Your policy limits are now shared with other entities; their claims involvement may reduce or exhaust your aggregate limit. • Your policy may provide higher limits than required by contract; your full limits can be exposed to the additional insured. • There may be conflicts in defense when your insurer has to defend both you and the additional insured. PROPERTY INSURANCE PROGRAM Page 40Rev: 7/1/22 PR O G R A M S U M M A R Y THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2022 Covered Parties California Joint Powers Insurance Authority and participating members Primary Policy Reinsured By Policy Number Lloyds (85%) / Markel-Evanston Ins Co. (15%) # B128410009W22 / # MKLV5XPR000974 Excess policies per Schedule of Insurers A.M. Best Guide Rating Lloyds: A, Excellent, Financial Size Category XV Greater than $2,000,000,000 Markel-Evanston Ins Co: A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 Standard & Poor’s Rating Lloyds: A+, Strong Financial Security Markel-Evanston Ins Co: A, Strong Financial Security California Status Lloyds: Non-Admitted Evanston Ins Co: Non-Admitted Protection Period July 1, 2022, 12:01 AM to July 1, 2023, 12:01 AM Limits/Coverage $ 200,000,000 Per Occurrence and in the Annual Aggregate as respects Earthquake Shock for those locations that insured members specifically purchase Earthquake Shock coverage. $ 200,000,000 Per Occurrence and in the Annual Aggregate as respects Flood for those locations that insured members specifically purchase Earthquake Shock coverage. $ 10,000,000 Per Occurrence and in the Annual Aggregate as respects Flood for those locations that the insured members do not purchase Earthquake Shock coverage. $ 200,000,000 in the Annual Aggregate - the maximum amount recoverable hereunder in respect of all Flood $ 200,000,000 in the Annual Aggregate - the maximum amount recoverable in respects of Earthquake Shock Covered Property Property declared on property schedule on file with the Company and Alliant Insurance Services is covered. Coverage Detail Earthquake & Flood Coverage (Optional Coverage) PROPERTY INSURANCE PROGRAM Page 41Rev: 7/1/22 PR O G R A M S U M M A R Y THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2022 Deductible Flood $100,000 per occurrence except $250,000 per occurrence, per Insured Member in respect of locations situated wholly or partially within a Special Flood Hazard Area (SFHA), areas as defined by the Federal Emergency Management Agency (FEMA). SFHA is defined as the area that will be inundated by the flood event having a one percent chance of being equaled or exceed in any given year. Flood in respect of Piers $500,000 per occurrence, per pier. Earthquake Shock 5% per unit of insurance subject to a minimum deductible of $100,000 per occurrence. Valuation Replacement Cost Major Exclusions (Including but not limited to) • Newly acquired or constructed buildings, personal property or unnamed premises unless values declared and endorsed hereon • Asbestos, pollution and contamination • Mold, mildew, fungus, bacteria, virus, condensation • Wet or dry rot (excess carriers only) • Flood Zones A and V (excess carriers only) • Theft • Terrorism Claims Reporting Complete the incident reporting form on the California JPIA website, CJPIA.org and report to: Alliant Insurance Services, Inc. Robert Frey, Claims Manager Akbar Sharif, Claims Advocate-Lead 100 Pine St., 11th Floor San Francisco, CA. 94111 Phone: 415-403-1400 Fax: 415-403-1466 Broker Alliant Insurance Services, Inc. Irvine, CA Dennis Mulqueeney, Senior Vice President Robert Lowe, First Vice President Christopher Gray, Account Executive Coverage Detail Earthquake & Flood Coverage (Optional Coverage) PROPERTY INSURANCE PROGRAM Page 42Rev: 7/1/22 PR O G R A M S U M M A R Y Coverage Detail Earthquake & Flood Coverage (Optional Coverage) This summary of insurance is provided as a matter of convenience and information only. All information included in this summary, including but not limited to personal and real property values, locations, operations, products, data, automobile schedules, financial data and loss experience, is based on facts and representations supplied to Alliant Insurance Services, Inc. by you. This summary does not reflect any independent study or investigation by Alliant Insurance Services, Inc. or its agents and employees. This summary does not add to, extend, amend, change, or alter any coverage in any actual policy of insurance you may have. All existing policy terms, conditions, exclusions, and limitations apply. For specific information regarding your insurance coverage, please refer to the policy itself. Alliant Insurance Services, Inc. will not be liable for any claims arising from or related to information included in, or omitted from, this proposal of insurance. Alliant embraces a policy of transparency with respect to its compensation from insurance transactions. Details on our compensation policy, including the types of income that Alliant may earn on a placement, are available on our website at www.alliant.com. For a copy of our policy, or for any inquiries regarding compensation issues pertaining to your account, you may also contact us at: Alliant Insurance Services, Inc., Attention: General Counsel, 701 B Street, 6th Floor, San Diego, CA 92101. Analyzing insurers’ overall performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all aspects of insurance company finances and operations. Insurance brokerages such as Alliant Insurance typically rely upon rating agencies for this type of market analysis. Both A.M. Best and Standard and Poor’s have been industry leaders in this area for many decades, utilizing a combination of quantitative and qualitative analysis of the information available in formulating their ratings. A.M. Best has an extensive database of nearly 6,000 Life/Health, Property Casualty and International companies. You can visit them at www.ambest.com. For additional information regarding insurer financial strength ratings, visit Standard and Poor’s website at www.standardandpoors.com. Our goal is to procure insurance for you with underwriters possessing the financial strength to perform. Alliant does not, however, guarantee the solvency of any underwriters with which insurance or reinsurance is placed and maintains no responsibility for any loss or damage arising from the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an informed decision to accept or reject a particular underwriter. To learn more about companies doing business in your state, visit the Department of Insurance website for that state. Other Disclosures/Disclaimers FATCA: The Foreign Account Tax Compliance Act (FATCA) requires the notification of certain financial accounts to the United States Internal Revenue Service. Alliant does not provide tax advice, so please contact your tax consultant for your obligation regarding FATCA. Claims Reporting: Your policy will come with specific claim reporting requirements. Please make sure you understand these obligations. Contact your Alliant Service Team with any questions. NRRA: The Non-Admitted and Reinsurance Reform Act (NRRA) went into effect on July 21, 2011. Accordingly, surplus lines tax rates and regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If a change is required, we will promptly notify you. Any additional taxes and/or fees must be promptly remitted to Alliant Insurance Services, Inc. PROPERTY INSURANCE PROGRAM Page 43Rev: 7/1/22 PR O G R A M S U M M A R Y Changes and Developments It is important that we be advised of any changes in your operations which may have a bearing on the validity and/or adequacy of your insurance. The types of changes that concern us include, but are not limited to, those listed below: • Changes in any operations such as expansion to another states, new products, or new applications of existing products. • Travel to any state not previously disclosed. • Mergers and/or acquisition of new companies and any change in business ownership, including percentages. • Any newly assumed contractual liability, granting of indemnities, or hold harmless agreements. • Any changes in existing premises including vacancy, whether temporary or permanent, alterations, demolition, etc. Also, any new premises either purchased, constructed or occupied. • Circumstances which may require an increased liability insurance limit. • Any changes in fire or theft protection such as the installation of or disconnection of sprinkler systems, burglar alarms, etc. This includes any alterations to the system. • Immediate notification of any changes to a schedule of equipment, property, vehicles, electronic data processing, etc. • Property of yours that is in transit, unless previously discussed and/or currently insured. Certificates/Evidence of Insurance A certificate is issued as a matter of information only and confers no rights upon the certificate holder. The certificate does not affirmatively or negatively amend, extend or alter the coverage afforded by a policy. Nor does it constitute a contract between the issuing insurer(s), authorized representative, producer or certificate holder. You may have signed contracts, leases or other agreements requiring you to provide this evidence. In those agreements, you may assume obligations and/or liability for others (Indemnification, Hold Harmless) and some of the obligations that are not covered by insurance. We recommend that you and your legal counsel review these documents. In addition to providing a certificate of insurance, you may be required to name your client or customer on your policy as an additional insured. This is only possible with permission of the insurance company, added by endorsement and, in some cases, an additional premium. By naming the certificate holder as additional insured, there are consequences to your risks and insurance policy including: • Your policy limits are now shared with other entities; their claims involvement may reduce or exhaust your aggregate limit. • Your policy may provide higher limits than required by contract; your full limits can be exposed to the additional insured. • There may be conflicts in defense when your insurer has to defend both you and the additional insured. Coverage Detail Earthquake & Flood Coverage (Optional Coverage) PROPERTY INSURANCE PROGRAM Page 44Rev: 7/1/22 PR O G R A M S U M M A R Y THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC — P FOR FULL DEFINITIONS. Earthquake Shock Subject to the terms and conditions of the MOC — P, earthquake shock coverage is provided to those members who purchase it. Generally, with respect to the peril of earthquake shock, any and all losses from this cause within a one hundred sixty-eight (168) hour period shall be deemed to be one loss. The Covered Member may elect the moment from which each of the aforesaid periods of one hundred sixty-eight (168) hours shall be deemed to have commenced, but no two such one hundred sixty-eight (168) hour periods shall overlap. The Authority shall not be liable for any loss caused by an earthquake shock occurring before the effective date and time of this MOC — P. The Authority will be liable for any losses occurring for a period of up to one hundred sixty- eight (168) hours after the expiration of this MOC — P, provided that the first earthquake shock loss or damage within that one hundred sixty-eight (168) hours occurs prior to the date and time of the expiration of this MOC — P. In the event of there being a difference of opinion between the Covered Member and the Authority as to whether or not all earthquake shock losses sustained by the Covered Member during an elected period of one hundred sixty-eight (168) hours arose out of, or were caused by, a single earthquake shock, the stated opinion of the National Earthquake Shock Information Service of the United States Department of the Interior or comparable Authority in any other country or locality shall govern as to whether or not a single earthquake shock continued throughout the period at the locations involved. The term earthquake shock is defined as: earth movement, landslide, subsidence, earth sinking, rising or shifting, including collapse, cracking, or shifting of buildings, structures or their parts, caused by a shaking or trembling of the earth that is tectonic in origin. The definition of earthquake shock does not include ensuing loss CAUSED BY FIRE, EXPLOSION SPRINKLER LEAKAGE or FLOOD. Further Earthquake Sprinkler Leakage is covered outside of the “Earthquake Shock” definition, and subject to the basic peril deductible. Coverage Definitions Earthquake & Flood Coverage July 1, 2022 to July 1, 2023 PROPERTY INSURANCE PROGRAM Page 45Rev: 7/1/22 PR O G R A M S U M M A R Y THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC — P FOR FULL DEFINITIONS. Flood Subject to the terms and conditions of the MOC — P, flood coverage is provided to those members who purchase it. Generally, each loss by flood shall constitute a single loss hereunder. (a) If any flood occurs within a period of the continued rising or overflow of any river(s) or stream(s) and the subsidence of same within the banks of such river(s) or stream(s); or (b) If any flood results from any tsunami, tidal wave or series of tidal waves caused by any one disturbance, such flood shall be deemed to be a single occurrence within the meaning of this MOC — P. Should any time period referred to above extend beyond the expiration date of this MOC — P, and commence prior to expiration, the Authority shall pay all such flood losses occurring during such period as if such period fell entirely within the term of this MOC — P. The Authority shall not be liable, however, for any loss caused by any flood occurring before the effective date and time of this MOC — P or commencing after the expiration date and time of this MOC — P. Flood shall mean a general condition of partial or complete inundation of normally dry land area from: (c) overflow of inland or tidal water (d) unusual and rapid accumulation or run off of surface waters from any source. Flood shall also mean mudslide or mudflow, which is a river or flow of liquid mud caused by flooding as defined in (a) or (b) above. The definition of flood does not include ensuing loss or damage CAUSED BY FIRE, EXPLOSION OR SPRINKLER LEAKAGE. Coverage Definitions Earthquake & Flood Coverage July 1, 2022 to July 1, 2023 PROPERTY INSURANCE PROGRAM Page 46Rev: 7/1/22 PR O G R A M S U M M A R Y Member Roster Earthquake & Flood Coverage July 1, 2022 to July 1, 2023 Alhambra Artesia Azusa Bellflower Bell Gardens Big Bear Lake Bishop Bradbury Brawley Buellton California JPIA Camarillo Carpinteria Chino Hills Claremont Commerce Dana Point Desert Recreation District Duarte Fillmore Hawaiian Gardens Hidden Hills Indian Wells Indio Irwindale Laguna Woods Lakewood Lake Forest Lawndale La Canada Flintridge La Mirada La Palma La Verne Lomita Malibu Mammoth Lakes Mission Viejo Moorpark Morro Bay Mountain Area Regional Transit Authority Needles Norwalk Ojai Paramount Pismo Beach Port Hueneme Rancho Palos Verdes Rolling Hills Estates San Clemente San Dimas San Juan Capistrano San Marcos Santa Fe Springs Santa Paula Seal Beach Seaside Signal Hill Southeast Area Animal Control Authority South El Monte Stanton Temple City Villa Park Westlake Village PROPERTY INSURANCE PROGRAM Page 47Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers Earthquake & Flood Coverage July 1, 2022 to July 1, 2023 EARTHQUAKE & FLOOD (INCLUDING EARTHQUAKE SPRINKLER LEAKAGE) COVERAGE PROVIDED ON STRUCTURES, CONTENTS & VEHICLES Limit: $25,000,000 Per Occurrence FLOOD FOR NON-EARTHQUAKE LOCATIONS – Sub-limit: $10,000,000 Annual Aggregate EXCESS ALL RISK INCLUDING EARTHQUAKE, EQ SPRINKLER LEAKAGE & FLOOD Limit: 75,000,000 Excess of $25,000,000 REINSURED BY LLOYDS $21,250,000 POLICY #B128410009W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 REINSURED BY MARKEL-EVANSTON $3,750,000 POLICY #MKLV5PPR000974 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted (Evanston Ins Co) A, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 BERKSHIRE $5,625,000 POLICY # 42-XPR-322654-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Admitted AA+, Very Strong Financial Security A+, Superior; Financial Size Category XV; Greater than $2,000,000,000 LANDMARK AMERICAN INS. CO. $3,000,000 POLICY # LHD428856 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A+, Superior; Financial Size Category XV; $1,500,000,000 to $2,000,000,000 PROPERTY INSURANCE PROGRAM Page 48Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers Earthquake & Flood Coverage July 1, 2022 to July 1, 2023 EXCESS ALL RISK INCLUDING EARTHQUAKE, EQ SPRINKLER LEAKAGE & FLOOD Limit: $10,000,000 Excess of $25,000,000 EXCESS ALL RISK INCLUDING EARTHQUAKE, EQ SPRINKLER LEAKAGE & FLOOD Limit: $65,000,000 Excess of $35,000,000 BMS- LLOYDS OF LONDON $20,800,000 POLICY # B128410010W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 BMS-LLOYDS OF LONDON $2,216,500 POLICY # B128424910W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 ARCH SPECIALTY INSURANCE COMPANY $5,000,000 POLICY # ESP7300392-09 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 LLOYDS OF LONDON (AXA) $8,300,000 POLICY # B128410010W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 LLOYDS OF LONDON (UNICORN) $550,000 POLICY # B128424899W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 PROPERTY INSURANCE PROGRAM Page 49Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers Earthquake & Flood Coverage July 1, 2022 to July 1, 2023 IRONSHORE SPECIALTY INSURANCE COMPANY $2,525,000 POLICY # 1000538800-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 HALLMARK SPECIALTY INSURANCE COMPANY $6,500,000 POLICY # 73PRX22AE78 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted Not Rated A-, Excellent, Financial Size Category XV; $100 Million to $250 Million MUNICHRE-THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY $5,000,000 POLICY # N1-A3-XP-0000030-00 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted AA-, Very Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 KEMAH CAPITAL-NATIONAL FIRE & MARINE INSURANCE COMPANY $3,250,000 POLICY # DF00032547 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted AA+, Very Strong Financial Security A++, Superior, Financial Size Category XV; Greater than $2,000,000,000 SWISSRE $3,500,000 POLICY # ESP 2005578 00 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Not Rated CORE SPECIALTY-STARSTONE SPECIALTY INSURANCE COMPANY $5,484,000 POLICY # N89362220CSP California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A-, Excellent, Financial Size Category XII, $1 Billion to $1.25 Billion PROPERTY INSURANCE PROGRAM Page 50Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers Earthquake & Flood Coverage July 1, 2022 to July 1, 2023 VELOCITY RISK UNDERWRITERS, LLC $3,250,000 POLICY # 2022-9004457-01 • Certain Underwriters at Lloyds and other Insurers subscribing to Binding Authority B604510568622022 (21%) POLICY # VRN-CN-0004457-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 • Certain Underwriters at Lloyds, London-Syndicate 2357 (31%) POLICY # VNB-CN-0004457-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 • Independent Specialty Insurance Company (35%)POLICY # VUX-CN-0004457-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted Not Rated A, Excellent, Financial Size Category X; $500 Million to $750 Million • Interstate Fire & Casualty Company (13%)POLICY # VRX-CN-0004457-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted AA+, Very Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 PROPERTY INSURANCE PROGRAM Page 51Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers Earthquake & Flood Coverage July 1, 2022 to July 1, 2023 DIC INCLUDING EARTHQUAKE AND FLOOD, EXCLUSING EQ SPRINKLER LEAKAGE Limit: $50,000,000 Excess $100,000,000 ARROWHEAD-GENERAL SECURITY INDEMNITY CO. OF ARIZONA $10,000,000 POLICY # TR0001486-13443-22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted AA-, Very Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 ARROWHEAD-OLD REPUBLIC UNION INSURANCE COMPANY $10,000,000 POLICY # ORARIM001261-00 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 ARROWHEAD-LEXINGTON INSURANCE COMPANY $5,000,000 POLICY # 043403482 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent; Financial Size Category XV; Greater than $2,000,000,000 ARROWHEAD-EVEREST INDEMNITY INSURANCE COMPANY $25,000,000 POLICY # 8400009968-221 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A+, Superior; Financial Size Category XV; Greater than $2,000,000,000 PROPERTY INSURANCE PROGRAM Page 52Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers Earthquake & Flood Coverage July 1, 2022 to July 1, 2023 EXCESS ALL RISK EXCLUDING EARTHQUAKE SHOCK AND FLOOD, INCLUDING EQSL Limit: $50,000,000 Excess $100,000,000 MARKEL-EVANSTON INSURANCE COMPANY $6,250,000 POLICY # MKLV5XPR000974 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 HALLMARK SPECIALTY INSURANCE COMPANY $5,000,000 POLICY # 73PRX22AE79 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted Not Rated A-, Excellent, Financial Size Category VIII; $100 Million to $250 Million LLOYDS-ATRIUM AND TOKYO MARINE $7,500,000 POLICY # B128422387W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 MUNICHRE-THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY $25,000,000 POLICY # 78-A3-XP-0000813-01 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted AA-, Very Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 AXIS SURPLUS INSURANCE COMPANY $25,000,000 POLICY # ELF654136-22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent, Financial Size Category XV; Greater than $2,000,000,000 PROPERTY INSURANCE PROGRAM Page 53Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers Earthquake & Flood Coverage July 1, 2022 to July 1, 2023 LANDMARK AMERICAN INS CO $175,000,000 POLICY # LHD428857 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A+, Superior, Financial Size Category XIV; $1,500,000,000 to $2,000,000,000 CHUBB LONDON $175,000,000 POLICY # B128422306W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent; Financial Size Category XV; Greater than $2,000,000,000 ARROWHEAD-QBE SPECIALTY INSURANCE COMPANY $5,000,000 POLICY # ESE20250-00 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent; Financial Size Category XV; Greater than $2,000,000,000 ARROWHEAD-GENERAL SECURITY INDEMNITY CO. OF ARIZONA $10,000,000 POLICY # TR0001486-13447-22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted AA-, Very Strong Financial Security A+, Superior, Financial Size Category XV; Greater than $2,000,000,000 EXCESS ALL RISK EXCLUDING EARTHQUAKE SHOCK AND FLOOD Limit: $350,000,000 Excess $150,000,000 EARTHQUAKE SHOCK AND FLOOD EXCLUDING EQSL Limit: $50,000,000 Excess $200,000,000 PROPERTY INSURANCE PROGRAM Page 54Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers Earthquake & Flood Coverage July 1, 2022 to July 1, 2023 ARROWHEAD-LEXINGTON INSURANCE COMPANY $10,000,000 POLICY # 043403483 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent; Financial Size Category XV; Greater than $2,000,000,000 ARROWHEAD-PALOMAR EXCESS AND SURPLUS INSURANCE COMPANY $25,000,000 POLICY # PE701958 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted Not Rated A-, Excellent; Financial Size Category IX; $250 Million to $500 Million SUBLIMIT: $ 25,000,000 $ 75,000,000 EQ SPRINKLER LEAKAGE EXCESS UNDERLYING EQ SPRINKLER LEAKAGE SUBLIMIT:$ 10,000,000 $ 150,000,000 FLOOD ANNUAL AGGREGATE EXCESS UNDERLYING FLOOD ANNUAL AGGREGATE PROPERTY INSURANCE PROGRAM Page 55Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers Earthquake & Flood Coverage July 1, 2022 to July 1, 2023 This summary of insurance is provided as a matter of convenience and information only. All information included in this summary, including but not limited to personal and real property values, locations, operations, products, data, automobile schedules, financial data and loss experience, is based on facts and representations supplied to Alliant Insurance Services, Inc. by you. This summary does not reflect any independent study or investigation by Alliant Insurance Services, Inc. or its agents and employees. This summary does not add to, extend, amend, change, or alter any coverage in any actual policy of insurance you may have. All existing policy terms, conditions, exclusions, and limitations apply. For specific information regarding your insurance coverage, please refer to the policy itself. Alliant Insurance Services, Inc. will not be liable for any claims arising from or related to information included in, or omitted from, this proposal of insurance. Alliant embraces a policy of transparency with respect to its compensation from insurance transactions. Details on our compensation policy, including the types of income that Alliant may earn on a placement, are available on our website at www.alliant.com. For a copy of our policy, or for any inquiries regarding compensation issues pertaining to your account, you may also contact us at: Alliant Insurance Services, Inc., Attention: General Counsel, 701 B Street, 6th Floor, San Diego, CA 92101. Analyzing insurers’ overall performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all aspects of insurance company finances and operations. Insurance brokerages such as Alliant Insurance typically rely upon rating agencies for this type of market analysis. Both A.M. Best and Standard and Poor’s have been industry leaders in this area for many decades, utilizing a combination of quantitative and qualitative analysis of the information available in formulating their ratings. A.M. Best has an extensive database of nearly 6,000 Life/Health, Property Casualty and International companies. You can visit them at www.ambest.com. For additional information regarding insurer financial strength ratings, visit Standard and Poor’s website at www.standardandpoors.com. Our goal is to procure insurance for you with underwriters possessing the financial strength to perform. Alliant does not, however, guarantee the solvency of any underwriters with which insurance or reinsurance is placed and maintains no responsibility for any loss or damage arising from the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an informed decision to accept or reject a particular underwriter. To learn more about companies doing business in your state, visit the Department of Insurance website for that state. OTHER DISCLOSURES/DISCLAIMERS FATCA: The Foreign Account Tax Compliance Act (FATCA) requires the notification of certain financial accounts to the United States Internal Revenue Service. Alliant does not provide tax advice, so please contact your tax consultant for your obligation regarding FATCA. Claims Reporting: Your policy will come with specific claim reporting requirements. Please make sure you understand these obligations. Contact your Alliant Service Team with any questions. NRRA: The Non-Admitted and Reinsurance Reform Act (NRRA) went into effect on July 21, 2011. Accordingly, surplus lines tax rates and regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If a change is required, we will promptly notify you. Any additional taxes and/or fees must be promptly remitted to Alliant Insurance Services, Inc. PROPERTY INSURANCE PROGRAM Page 56Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers Earthquake & Flood Coverage July 1, 2022 to July 1, 2023 Changes and Developments It is important that we be advised of any changes in your operations which may have a bearing on the validity and/or adequacy of your insurance. The types of changes that concern us include, but are not limited to, those listed below: • Changes in any operations such as expansion to another states, new products, or new applications of existing products. • Travel to any state not previously disclosed. • Mergers and/or acquisition of new companies and any change in business ownership, including percentages. • Any newly assumed contractual liability, granting of indemnities, or hold harmless agreements. • Any changes in existing premises including vacancy, whether temporary or permanent, alterations, demolition, etc. Also, any new premises either purchased, constructed or occupied. • Circumstances which may require an increased liability insurance limit. • Any changes in fire or theft protection such as the installation of or disconnection of sprinkler systems, burglar alarms, etc. This includes any alterations to the system. • Immediate notification of any changes to a schedule of equipment, property, vehicles, electronic data processing, etc. • Property of yours that is in transit, unless previously discussed and/or currently insured. Certificates/Evidence of Insurance A certificate is issued as a matter of information only and confers no rights upon the certificate holder. The certificate does not affirmatively or negatively amend, extend or alter the coverage afforded by a policy. Nor does it constitute a contract between the issuing insurer(s), authorized representative, producer or certificate holder. You may have signed contracts, leases or other agreements requiring you to provide this evidence. In those agreements, you may assume obligations and/or liability for others (Indemnification, Hold Harmless) and some of the obligations that are not covered by insurance. We recommend that you and your legal counsel review these documents. In addition to providing a certificate of insurance, you may be required to name your client or customer on your policy as an additional insured. This is only possible with permission of the insurance company, added by endorsement and, in some cases, an additional premium. By naming the certificate holder as additional insured, there are consequences to your risks and insurance policy including: • Your policy limits are now shared with other entities; their claims involvement may reduce or exhaust your aggregate limit. • Your policy may provide higher limits than required by contract; your full limits can be exposed to the additional insured. • There may be conflicts in defense when your insurer has to defend both you and the additional insured. PROPERTY INSURANCE PROGRAM Page 57Rev: 7/1/22 PR O G R A M S U M M A R Y *SEE LAST PAGE FOR ADDITIONAL DETAILS THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2022 Covered Parties California Joint Powers Insurance Authority and participating members Mechanical Breakdown is covered only if purchased separately from All Risk Insurance Company/ Policy Number Travelers Property Casualty Company of America Policy Number: BME1-4H539532 * A.M. Best Guide Rating A++, Superior; Financial Size Category XV Greater than $2,000,000,000 * Standard & Poor’s Rating AA, Very Strong Financial Security California Status Admitted Protection Period July 1, 2022, 12:01 AM to July 1, 2023, 12:01 AM Limits/Coverage Physical Damage coverage for sudden and accidental breakdown of boilers & machinery and electrical injury $150,000,000 Combined Limit $ 2,500,000 Extra Expense (100% period of restoration) $ 2,500,000 Expediting Expense $ 2,500,000 Ammonia Contamination $ 2,500,000 Water Damage $ 2,500,000 Hazardous Substance $ 2,500,000 Demolition and Increased Cost of Construction Comprehensive Property Damage Coverage • Repair or Replacement Coverage • Including Production Machinery Business Interruption/Extra Expense Coverage • Limit of Loss: Included in Combined Limit • Form: Actual Loss Sustained Form • Deductible: 24 Hours, Combined BI/EE Utility Interruption Coverage • Limit of Loss: $2,500,000 • Waiting Period: 24 Hours, Separate • Utility Supplier: Any Public or Private Utility - direct supply • Service Covered: Water, Gas Electricity, Steam, Refrigeration and Telephone Covered Property Real Property (only) declared on property schedule on file with the Authority and Alliant Insurance Services Coverage Detail Mechanical Breakdown Coverage July 1, 2022 to July 1, 2023 PROPERTY INSURANCE PROGRAM Page 58Rev: 7/1/22 PR O G R A M S U M M A R Y THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2022 Deductibles $5,000 Property Damage $5,000 Extra Expense 24 Hrs. Utility Interruption Valuation Replacement Cost Perils Not Covered (Including but not limited to) • Earth Movement • Nuclear Hazard • War and Military Action • Certified Acts of Terrorism • TRIA Claims Reporting Complete the incident reporting form on the California JPIA website, CJPIA.org, and report to: Alliant Insurance Services, Inc. Robert Frey, Claims Manager Akbar Sharif, Claims Advocate-Lead 100 Pine St., 11th Floor San Francisco, CA 94111 Phone: 415-403-1400 Fax: 415-403-1466 Broker Alliant Insurance Services, Inc. Irvine, CA Dennis Mulqueeney, Senior Vice President Robert Lowe, First Vice President Christopher Gray, Account Executive Coverage Detail Mechanical Breakdown Coverage July 1, 2022 to July 1, 2023 PROPERTY INSURANCE PROGRAM Page 59Rev: 7/1/22 PR O G R A M S U M M A R Y THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2022 Coverage Detail Mechanical Breakdown Coverage July 1, 2022 to July 1, 2023 This summary of insurance is provided as a matter of convenience and information only. All information included in this summary including, but not limited to, personal and real property values, locations, operations, products, data, automobile schedules, financial data and loss experience, is based on facts and representations supplied to Alliant Insurance Services, Inc. by you. This summary does not reflect any independent study or investigation by Alliant Insurance Services, Inc. or its agents and employees. This summary does not add to, extend, amend, change, or alter any coverage in any actual policy of insurance you may have. All existing policy terms, conditions, exclusions, and limitations apply. For specific information regarding your insurance coverage, please refer to the policy itself. Alliant Insurance Services, Inc. will not be liable for any claims arising from or related to information included in, or omitted from, this proposal of insurance. Alliant embraces a policy of transparency with respect to its compensation from insurance transactions. Details on our compensation policy, including the types of income that Alliant may earn on a placement, are available on our website at www.alliant.com. For a copy of our policy, or for any inquiries regarding compensation issues pertaining to your account, you may also contact us at: Alliant Insurance Services, Inc., Attention: General Counsel, 701 B Street, 6th Floor, San Diego, CA 92101. Analyzing insurers’ overall performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all aspects of insurance company finances and operations. Insurance brokerages such as Alliant Insurance typically rely upon rating agencies for this type of market analysis. Both A.M. Best and Standard and Poor’s have been industry leaders in this area for many decades, utilizing a combination of quantitative and qualitative analysis of the information available in formulating their ratings. A.M. Best has an extensive database of nearly 6,000 Life/Health, Property Casualty and International companies. You can visit them at www.ambest.com. For additional information regarding insurer financial strength ratings, visit Standard and Poor’s website at www.standardandpoors.com. Our goal is to procure insurance for you with underwriters possessing the financial strength to perform. Alliant does not, however, guarantee the solvency of any underwriters with which insurance or reinsurance is placed and maintains no responsibility for any loss or damage arising from the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an informed decision to accept or reject a particular underwriter. To learn more about companies doing business in your state, visit the Department of Insurance website for that state. Other Disclosures/Disclaimers FATCA: The Foreign Account Tax Compliance Act (FATCA) requires the notification of certain financial accounts to the United States Internal Revenue Service. Alliant does not provide tax advice, so please contact your tax consultant for your obligation regarding FATCA. Claims Reporting: Your policy will come with specific claim reporting requirements. Please make sure you understand these obligations. Contact your Alliant Service Team with any questions. NRRA: The Non-Admitted and Reinsurance Reform Act (NRRA) went into effect on July 21, 2011. Accordingly, surplus lines tax rates and regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If a change is required, we will promptly notify you. Any additional taxes and/or fees must be promptly remitted to Alliant Insurance Services, Inc. PROPERTY INSURANCE PROGRAM Page 60Rev: 7/1/22 PR O G R A M S U M M A R Y THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2022 Coverage Detail Mechanical Breakdown Coverage July 1, 2022 to July 1, 2023 Changes and Developments It is important that we be advised of any changes in your operations which may have a bearing on the validity and/or adequacy of your insurance. The types of changes that concern us include, but are not limited to, those listed below: • Changes in any operations such as expansion to another state, new products, or new applications of existing products. • Travel to any state not previously disclosed. • Mergers and/or acquisition of new companies and any change in business ownership, including percentages. • Any newly assumed contractual liability, granting of indemnities, or hold harmless agreements. • Any changes in existing premises including vacancy, whether temporary or permanent, alterations, demolition, etc. Also, any new premises either purchased, constructed or occupied. • Circumstances which may require an increased liability insurance limit. • Any changes in fire or theft protection such as the installation of or disconnection of sprinkler systems, burglar alarms, etc. This includes any alterations to the system. • Immediate notification of any changes to a schedule of equipment, property, vehicles, electronic data processing, etc. • Property of yours that is in transit, unless previously discussed and/or currently insured. Certificates/Evidence of Insurance A certificate is issued as a matter of information only and confers no rights upon the certificate holder. The certificate does not affirmatively or negatively amend, extend or alter the coverage afforded by a policy. Nor does it constitute a contract between the issuing insurer(s), authorized representative, producer or certificate holder. You may have signed contracts, leases or other agreements requiring you to provide this evidence. In those agreements, you may assume obligations and/or liability for others (Indemnification, Hold Harmless) and some of the obligations that are not covered by insurance. We recommend that you and your legal counsel review these documents. In addition to providing a certificate of insurance, you may be required to name your client or customer on your policy as an additional insured. This is only possible with permission of the insurance company, added by endorsement and, in some cases, an additional premium. By naming the certificate holder as additional insured, there are consequences to your risks and insurance policy including: • Your policy limits are now shared with other entities; their claims involvement may reduce or exhaust your aggregate limit. • Your policy may provide higher limits than required by contract; your full limits can be exposed to the additional insured. • There may be conflicts in defense when your insurer has to defend both you and the additional insured. PROPERTY INSURANCE PROGRAM Page 61Rev: 7/1/22 PR O G R A M S U M M A R Y THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC — P FOR FULL DEFINITIONS. Mechanical breakdown coverage is rated on total real property values only. Examples of real property values are: buildings, structures, water treatment plants, reservoirs, pump stations, bridges, etc. It does not include values for personal property, mobile equipment, vehicles, fine arts, or vacant land. Vacant land is excluded on property policies. It is rated on total real property values to ensure coverage is provided at all locations. Boilers and Pressure Vessels Typical examples are: boilers of all types, fired water heaters, air tanks, steam chests, steam cookers, sterilizers, stills, refrigeration vessels and piping. “Accidents” or losses to these items normally involve five areas: explosion, cracking or rupturing, distortion and melting. Machinery This can be subdivided into mechanical and electrical equipment. Typical examples of mechanical equipment are compressors (air or refrigeration), pumps, blowers, turbines (steam, water, gas) and gears. Examples of electrical equipment are motors, generators, switchboards, and transformers. “Accidents” or losses to these items normally involve burning out, short circuiting, melting, cracking, explosion and breaking. Accident Sudden and accidental breakdown of an object or a part thereof resulting in physical damage to the object that necessitates repair or replacement. Ammonia Contamination Ammonia contacting or permeating property under refrigeration or in process requiring refrigeration. Business Interruption – Actual Loss Pays for actual loss resulting from a total or partial interruption of business and reasonable expenses incurred to reduce the period of interruption up to the limit of insurance written. Combined Business Interruption and Extra Expense Combination coverage form that provides coverage for loss of business and reasonable expenses incurred to reduce the period of interruption up to the limit of insurance written. Comprehensive Coverage (Excluding Production Machinery) All insurable boiler objects that can be covered excluding coverage for production machineyou'ry. Comprehensive Coverage (Including Production Machinery) All insurable boiler and machinery objects that can be covered including coverage for production machinery. Consequential Damage Loss due to spoilage from lack of power, light, heat, steam, or refrigeration resulting from an accident. Items insured are: Definitions: Coverage Definitions Mechanical Breakdown Coverage July 1, 2022 to July 1, 2023 PROPERTY INSURANCE PROGRAM Page 62Rev: 7/1/22 PR O G R A M S U M M A R Y THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC — P FOR FULL DEFINITIONS. Electrical Objects Rotating electrical machines, transformers, induction feeder regulators, miscellaneous electrical apparatus, and/or solid state rectifier units. Extra Expense Extra expenses incurred during a period of restoration in order to continue operations as normally as possible following an accident to an object. Extra expense means the cost of operating the business minus what the cost of operations would have been had no accident occurred. Hazardous Substance Cleanup, repair or replacement or disposal of damaged, contaminated or polluted property as a result of an accident which causes property to become damaged, contaminated or polluted by a substance declared hazardous to health by an authorized governmental agency. Mechanical Objects Objects including engines, pumps, compressors, fans, blowers, gear wheels, enclosed gear sets, wheels and shafting, deep-well pumps, miscellaneous machines. Media Coverage Loss to all forms of electronic, magnetic and optical tapes and discs used in any electronic computer or electronic data processing equipment directly damaged by an accident to an object. Object Any equipment or apparatus owned by, leased by, or operated under the control of the insured shown in the Boiler and Machinery declarations. Pressure and Refrigeration Includes boilers, fired vessels, electric steam generators, steam piping and valves, unfired vessels, refrigerating and air conditioning vessels and piping, small compressing and refrigerating units, air conditioning units. Turbine Objects Includes turbines, combustor and other parts of a gas turbine unit, components on any shaft of a driving turbine, mechanical or hydraulic governing mechanisms. Utility Interruption Loss caused by an accident to an object that is owned, operated or controlled by a public or private entity contracted to furnish electrical utility service including direct electrical suppliers. Water Damage Loss including salvage expense to property damaged by water resulting in any one accident. Coverage Detail Mechanical Breakdown Coverage July 1, 2022 to July 1, 2023 PROPERTY INSURANCE PROGRAM Page 63Rev: 7/1/22 PR O G R A M S U M M A R Y Member Roster Mechanical Breakdown Coverage July 1, 2022 to July 1, 2023 Agoura Hills Agoura Hills Calabasas Community Center Authority Alhambra Aliso Viejo Apple Valley Arroyo Grande Artesia Atascadero Azusa Bell Gardens Bellflower Big Bear City Community Services District Big Bear Lake Bishop Bradbury Brawley Buellton Calabasas California JPIA Camarillo Carpinteria Cerritos Cerritos Center for the Performing Arts Chino Hills Claremont Commerce Dana Point Desert Recreation District Diamond Bar Duarte Eastern Sierra Transit Authority (ESTA) El Centro Fillmore Goleta Grand Terrace Grover Beach Guadalupe Hawaiian Gardens Hemet Hidden Hills Imperial Indian Wells Indio Irwindale La Canada Flintridge La Habra Heights La Mirada La Palma La Puente La Quinta La Verne Laguna Niguel Laguna Woods Lake Elsinore Lake Forest Lakewood LA-RICS Lawndale Loma Linda Lomita Malibu Mammoth Lakes Midpeninsula Regional Open Space District Mission Viejo Monrovia Monterey Peninsula Regional Park District Moorpark Morro Bay Mountain Area Regional Transit Authority Needles Norwalk Ojai Palm Desert Palos Verdes Estates Paramount Paso Robles Pismo Beach Port Hueneme Port Hueneme Housing Authority Poway Rancho Palos Verdes Rolling Hills Rolling Hills Estates Rosemead San Clemente San Dimas San Gabriel San Juan Capistrano San Luis Obispo San Marcos San Marino Santa Clarita Santa Fe Springs Santa Paula Seal Beach Seaside Signal Hill Solvang South El Monte Southeast Area Animal Control Authority (SEAACA) Stanton Temple City Ventura Port District Villa Park Walnut Westlake Village PROPERTY INSURANCE PROGRAM Page 64Rev: 7/1/22 PR O G R A M S U M M A R Y MECHANICAL BREAKDOWN COVERAGE – Limit: $150,000,000 Per Accident TRAVELERS PROPERTY CASUALTY COMPANY OF AMERICA $150,000,000 POLICY #BME1-4H539532 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Admitted AA, Very Strong Financial Security A++, Superior, Financial Size Category XV; Greater than $2,000,000,000 Schedule of Insurers Mechanical Breakdown Coverage July 1, 2022 to July 1, 2023 PROPERTY INSURANCE PROGRAM Page 65Rev: 7/1/22 PR O G R A M S U M M A R Y This summary of insurance is provided as a matter of convenience and information only. All information included in this summary including, but not limited to, personal and real property values, locations, operations, products, data, automobile schedules, financial data and loss experience, is based on facts and representations supplied to Alliant Insurance Services, Inc. by you. This summary does not reflect any independent study or investigation by Alliant Insurance Services, Inc. or its agents and employees. This summary does not add to, extend, amend, change, or alter any coverage in any actual policy of insurance you may have. All existing policy terms, conditions, exclusions, and limitations apply. For specific information regarding your insurance coverage, please refer to the policy itself. Alliant Insurance Services, Inc. will not be liable for any claims arising from or related to information included in, or omitted from, this proposal of insurance. Alliant embraces a policy of transparency with respect to its compensation from insurance transactions. Details on our compensation policy, including the types of income that Alliant may earn on a placement, are available on our website at www.alliant.com. For a copy of our policy, or for any inquiries regarding compensation issues pertaining to your account, you may also contact us at: Alliant Insurance Services, Inc., Attention: General Counsel, 701 B Street, 6th Floor, San Diego, CA 92101. Analyzing insurers’ overall performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all aspects of insurance company finances and operations. Insurance brokerages such as Alliant Insurance typically rely upon rating agencies for this type of market analysis. Both A.M. Best and Standard and Poor’s have been industry leaders in this area for many decades, utilizing a combination of quantitative and qualitative analysis of the information available in formulating their ratings. A.M. Best has an extensive database of nearly 6,000 Life/Health, Property Casualty and International companies. You can visit them at www.ambest.com. For additional information regarding insurer financial strength ratings, visit Standard and Poor’s website at www.standardandpoors.com. Our goal is to procure insurance for you with underwriters possessing the financial strength to perform. Alliant does not, however, guarantee the solvency of any underwriters with which insurance or reinsurance is placed and maintains no responsibility for any loss or damage arising from the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an informed decision to accept or reject a particular underwriter. To learn more about companies doing business in your state, visit the Department of Insurance website for that state. Other Disclosures/Disclaimers FATCA: The Foreign Account Tax Compliance Act (FATCA) requires the notification of certain financial accounts to the United States Internal Revenue Service. Alliant does not provide tax advice, so please contact your tax consultant for your obligation regarding FATCA. Claims Reporting: Your policy will come with specific claim reporting requirements. Please make sure you understand these obligations. Contact your Alliant Service Team with any questions. NRRA: The Non-Admitted and Reinsurance Reform Act (NRRA) went into effect on July 21, 2011. Accordingly, surplus lines tax rates and regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If a change is required, we will promptly notify you. Any additional taxes and/or fees must be promptly remitted to Alliant Insurance Services, Inc. Schedule of Insurers Mechanical Breakdown Coverage July 1, 2022 to July 1, 2023 PROPERTY INSURANCE PROGRAM Page 66Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers Mechanical Breakdown Coverage July 1, 2022 to July 1, 2023 Changes and Developments It is important that we be advised of any changes in your operations which may have a bearing on the validity and/or adequacy of your insurance. The types of changes that concern us include, but are not limited to, those listed below: • Changes in any operations such as expansion to another state, new products, or new applications of existing products. • Travel to any state not previously disclosed. • Mergers and/or acquisition of new companies and any change in business ownership, including percentages. • Any newly assumed contractual liability, granting of indemnities, or hold harmless agreements. • Any changes in existing premises including vacancy, whether temporary or permanent, alterations, demolition, etc. Also, any new premises either purchased, constructed or occupied. • Circumstances which may require an increased liability insurance limit. • Any changes in fire or theft protection such as the installation of or disconnection of sprinkler systems, burglar alarms, etc. This includes any alterations to the system. • Immediate notification of any changes to a schedule of equipment, property, vehicles, electronic data processing, etc. • Property of yours that is in transit, unless previously discussed and/or currently insured. Certificates/Evidence of Insurance A certificate is issued as a matter of information only and confers no rights upon the certificate holder. The certificate does not affirmatively or negatively amend, extend or alter the coverage afforded by a policy. Nor does it constitute a contract between the issuing insurer(s), authorized representative, producer or certificate holder. You may have signed contracts, leases or other agreements requiring you to provide this evidence. In those agreements, you may assume obligations and/or liability for others (Indemnification, Hold Harmless) and some of the obligations that are not covered by insurance. We recommend that you and your legal counsel review these documents. In addition to providing a certificate of insurance, you may be required to name your client or customer on your policy as an additional insured. This is only possible with permission of the insurance company, added by endorsement and, in some cases, an additional premium. By naming the certificate holder as additional insured, there are consequences to your risks and insurance policy including: • Your policy limits are now shared with other entities; their claims involvement may reduce or exhaust your aggregate limit. • Your policy may provide higher limits than required by contract; your full limits can be exposed to the additional insured. • There may be conflicts in defense when your insurer has to defend both you and the additional insured. PROPERTY INSURANCE PROGRAM Page 67Rev: 7/1/22 PR O G R A M S U M M A R Y THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2022 *SEE LAST PAGE FOR ADDITIONAL DETAILS Coverage Detail Terrorism Coverage July 1, 2022 to July 1, 2023 Covered Parties California Joint Powers Insurance Authority and participating members Primary Policy Reinsured By Policy Number Lloyds of London #B128413412W22 *A.M. Best Guide Rating A, Excellent, Financial Size Category XV Greater than $2,000,000, 000 *Standard & Poor’s Rating A+, Strong Financial Security California Status Non-Admitted Protection Period July 1, 2022, 12:01 AM to July 1, 2023, 12:01 AM Coverage Terrorism Section B - Memorandum of Coverage - Property Covered Property Property reported by members on the property schedules on file with the company and Alliant Insurance Services, Inc. Coverage Clause Subject to the definitions, exclusions, limits and conditions in the Memorandum of Coverage Document, the company agrees to indemnify direct physical loss or damage to insured property while located at the premises or contained within the territory, occurring during the policy period and caused by an Act of Terrorism. Limits/Coverage $ 100,000,000 per occurrence and in the annual aggregate as respects Acts of Terrorism and Sabotage (Limit is shared by all program members) Sub-Limits Additional applicable sub-limits required in Terrorism in addition to the sub-limits stated in the Coverage Document. $ 25,000,000 Off-Premises Services $ 25,000,000 Contingent Time Element and coverage in respect of Direct Customers and Suppliers only $ 10,000,000 Worldwide Transit Deductible Each Occurrence shall be adjusted separately and from each such amount, the sum stated below shall be deducted. $ 10,000 Any One Occurrence 24 Hour Waiting Period for Service Interruption PROPERTY INSURANCE PROGRAM Page 68Rev: 7/1/22 PR O G R A M S U M M A R Y THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE, NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS. FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE. EFFECTIVE JULY 1, 2022 Coverage Detail Terrorism Coverage July 1, 2022 to July 1, 2023 Automatic Coverage/ Reporting Conditions Included except in Restricted Areas as defined in the Coverage Document. Property Excluded • Land or land values except landscaping including natural athletic fields, sand traps, tees and greens which are excluded excess of the sublimits in the Program Limits of Liability • Power transmission, feeder lines or pipelines not on the Covered Member’s premises • Aircraft or any other aerial device, or watercraft • Any land conveyance, including vehicles, locomotives or rolling stock, unless such land conveyance is declared hereon and solely whilst located at the property covered herein at the time of its damage • Animals, plants and living things of all types Major Exclusions Other Than Property (But Not Limited To) • Nuclear detonation, reaction, radiation or radioactive contamination, however caused • War, invasion or warlike operations (whether declared or not), hostile acts of sovereign or local government entities, civil war, rebellion, revolution, insurrection, martial law, usurpation of power, or civil commotion assuming the proportions of, or amounting to, an uprising • Seizure, legal or illegal occupation unless physical loss or damage is caused directly by an Act of Terrorism or an Act of Sabotage • Confiscation, Requisition, Detention, Embargo Quarantine, or result of public or government authority which deprives the use or value of property arising from acts of contraband or illegal transportation or illegal trade • Seepage or discharge of pollutants or contaminants which endangers or threatens the health, safety or welfare of persons or the environment • Chemical, biological, asbestos emission of any kind • Electronic means including, but not limited to, computer hacking or the introduction of any form of computer virus or corrupting or unauthorized instructions or code or the use of any electromagnetic weapon • Vandals or other persons acting maliciously or by way of protest or strikes, labor unrest, riots or civil commotion unless damage is caused directly by an Act of Terrorism • Loss or increased cost as a result of threat or hoax Broker Alliant Insurance Services, Inc. Irvine, CA Dennis Mulqueeney, Senior Vice President Robert Lowe, First Vice President Christopher Gray, Account Executive PROPERTY INSURANCE PROGRAM Page 69Rev: 7/1/22 PR O G R A M S U M M A R Y THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE. REFER TO THE MOC — P FOR FULL DEFINITIONS. Occurrence The word “Occurrence” shall mean any one loss and/or series of losses arising out of and directly occasioned by one Act or series of Acts of Terrorism or Sabotage for the same purpose or cause. The duration and extent of any one “Occurrence” shall be limited to all losses sustained by the Covered Member at the property covered herein during any period of 72 consecutive hours arising out of the same purpose or cause. However, no such period of 72 consecutive hours may extend beyond the expiration of this MOC — P unless the Covered Member shall first sustain direct physical damage by an Act of Terrorism or an Act of Sabotage prior to expiration and within said period of 72 consecutive hours, nor shall any period of 72 consecutive hours commence prior to the attachment of this Coverage Part B. Act of Terrorism The words “Act of Terrorism” means an act or series of acts, including but not limited to the use of force or violence, of any person or group(s) of persons, whether acting alone or on behalf of or in connection with any organization(s), committed for political, religious or ideological or similar purposes including the intention to influence any government and/or to put the public, or any section of the public, in fear for such purposes. Act of Sabotage For the purpose of this Coverage Part B, an act of sabotage means a subversive act or series of such acts committed for political, religious or ideological purposes including the intention to influence any government and/or to put the public in fear for such purposes. Coverage Detail Terrorism Coverage July 1, 2022 to July 1, 2023 PROPERTY INSURANCE PROGRAM Page 70Rev: 7/1/22 PR O G R A M S U M M A R Y Member Roster Terrorism Coverage July 1, 2022 to July 1, 2023 Agoura Hills Agoura Hills Calabasas Community Center Authority Alhambra Aliso Viejo Apple Valley Arroyo Grande Artesia Atascadero Azusa Bell Gardens Bellflower Big Bear City Community Services District Big Bear Lake Bishop Black Gold Library Cooperative Library System Bradbury Brawley Buellton Calabasas California JPIA Camarillo Carpinteria Cerritos Cerritos Performing Arts Center Chino Hills Claremont Coachella Valley Association of Governments Coastal Animal Services Authority Commerce Dana Point Desert Recreation District Diamond Bar Duarte Eastern Sierra Transit Authority (ESTA) El Centro Fillmore Goleta Grand Terrace Grover Beach Guadalupe Hawaiian Gardens Hemet Hidden Hills Imperial Indian Wells Indio Irwindale La Canada Flintridge La Habra Heights L.A. Impact La Mirada La Palma La Puente La Quinta La Verne Laguna Niguel Laguna Woods Lake Elsinore Lake Forest Lakewood Lawndale Loma Linda Lomita Malibu Mammoth Lakes Midpeninsula Regional Open Space District Mission Viejo Monrovia Monterey Peninsula Regional Park District Moorpark Morro Bay Mountain Area Regional Transit Authority Needles Norwalk Ojai Palm Desert Palos Verdes Estates Paramount Paso Robles Pismo Beach Port Hueneme Port Hueneme Housing Authority Poway Rancho Palos Verdes Rolling Hills Rolling Hills Estates Rosemead Rossmoor CSD San Clemente San Dimas San Gabriel San Juan Capistrano San Luis Obispo San Marcos San Marino Santa Clarita Santa Fe Springs Santa Paula Seal Beach Seaside Signal Hill Solvang South El Monte Southeast Area Animal Control Authority (SEAACA) Souther California Association of Governments (SCAG) Stanton Temple City Ventura Port District Villa Park Walnut West Cities Police Communications JPA Westlake Village PROPERTY INSURANCE PROGRAM Page 71Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers Terrorism Coverage July 1, 2022 to July 1, 2023 TERRORISM – SECTION B MEMORANDUM OF PROPERTY COVERAGE Limit: $100,000,000 Per Occurrence/Annual Aggregate REINSURED BY LLOYDS $100,000,000 POLICY # B128413412W22 California Status: Standard & Poor’s Rating: Best’s Guide Rating: Non-Admitted A+, Strong Financial Security A, Excellent; Financial Size Category XV; Greater than $2,000,000,000 This summary of insurance is provided as a matter of convenience and information only. All information included in this summary, including but not limited to personal and real property values, locations, operations, products, data, automobile schedules, financial data and loss experience, is based on facts and representations supplied to Alliant Insurance Services, Inc. by you. This summary does not reflect any independent study or investigation by Alliant Insurance Services, Inc. or its agents and employees. This summary does not add to, extend, amend, change, or alter any coverage in any actual policy of insurance you may have. All existing policy terms, conditions, exclusions, and limitations apply. For specific information regarding your insurance coverage, please refer to the policy itself. Alliant Insurance Services, Inc. will not be liable for any claims arising from or related to information included in, or omitted from, this proposal of insurance. Alliant embraces a policy of transparency with respect to its compensation from insurance transactions. Details on our compensation policy, including the types of income that Alliant may earn on a placement, are available on our website at www.alliant.com. For a copy of our policy, or for any inquiries regarding compensation issues pertaining to your account, you may also contact us at: Alliant Insurance Services, Inc., Attention: General Counsel, 701 B Street, 6th Floor, San Diego, CA 92101. Analyzing insurers’ overall performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all aspects of insurance company finances and operations. Insurance brokerages such as Alliant Insurance typically rely upon rating agencies for this type of market analysis. Both A.M. Best and Standard and Poor’s have been industry leaders in this area for many decades, utilizing a combination of quantitative and qualitative analysis of the information available in formulating their ratings. A.M. Best has an extensive database of nearly 6,000 Life/Health, Property Casualty and International companies. You can visit them at www.ambest.com. For additional information regarding insurer financial strength ratings, visit Standard and Poor’s website at www.standardandpoors.com. Our goal is to procure insurance for you with underwriters possessing the financial strength to perform. Alliant does not, however, guarantee the solvency of any underwriters with which insurance or reinsurance is placed and maintains no responsibility for any loss or damage arising from the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an informed decision to accept or reject a particular underwriter. To learn more about companies doing business in your state, visit the Department of Insurance website for that state. PROPERTY INSURANCE PROGRAM Page 72Rev: 7/1/22 PR O G R A M S U M M A R Y Schedule of Insurers Terrorism Coverage July 1, 2022 to July 1, 2023 Other Disclosures/Disclaimers FATCA: The Foreign Account Tax Compliance Act (FATCA) requires the notification of certain financial accounts to the United States Internal Revenue Service. Alliant does not provide tax advice, so please contact your tax consultant for your obligation regarding FATCA. Claims Reporting: Your policy will come with specific claim reporting requirements. Please make sure you understand these obligations. Contact your Alliant Service Team with any questions. NRRA: The Non-Admitted and Reinsurance Reform Act (NRRA) went into effect on July 21, 2011. Accordingly, surplus lines tax rates and regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If a change is required, we will promptly notify you. Any additional taxes and/or fees must be promptly remitted to Alliant Insurance Services, Inc. Changes and Developments It is important that we be advised of any changes in your operations which may have a bearing on the validity and/or adequacy of your insurance. The types of changes that concern us include, but are not limited to, those listed below: • Changes in any operations such as expansion to another state, new products, or new applications of existing products. • Travel to any state not previously disclosed. • Mergers and/or acquisition of new companies and any change in business ownership, including percentages. • Any newly assumed contractual liability, granting of indemnities, or hold harmless agreements. • Any changes in existing premises including vacancy, whether temporary or permanent, alterations, demolition, etc. Also, any new premises either purchased, constructed or occupied. • Circumstances which may require an increased liability insurance limit. • Any changes in fire or theft protection such as the installation of or disconnection of sprinkler systems, burglar alarms, etc. This includes any alterations to the system. • Immediate notification of any changes to a schedule of equipment, property, vehicles, electronic data processing, etc. • Property of yours that is in transit, unless previously discussed and/or currently insured. Certificates/Evidence of Insurance A certificate is issued as a matter of information only and confers no rights upon the certificate holder. The certificate does not affirmatively or negatively amend, extend or alter the coverage afforded by a policy. Nor does it constitute a contract between the issuing insurer(s), authorized representative, producer or certificate holder. You may have signed contracts, leases or other agreements requiring you to provide this evidence. In those agreements, you may assume obligations and/or liability for others (Indemnification, Hold Harmless) and some of the obligations that are not covered by insurance. We recommend that you and your legal counsel review these documents. In addition to providing a certificate of insurance, you may be required to name your client or customer on your policy as an additional insured. This is only possible with permission of the insurance company, added by endorsement and, in some cases, an additional premium. By naming the certificate holder as additional insured, there are consequences to your risks and insurance policy including: • Your policy limits are now shared with other entities; their claims involvement may reduce or exhaust your aggregate limit. • Your policy may provide higher limits than required by contract; your full limits can be exposed to the additional insured. • There may be conflicts in defense when your insurer has to defend both you and the additional insured.