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Machine-read from the scan, so expect some errors. Lines that couldn’t be read are left out.
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mat t)?t c~t.:taet uitn t h gnivertity of California: L: i s not Coatrrctk; Otficrr rer ? oe sib le for cC:.i.ats vith the Uni.:erricy US witb rcs;cct totke reii:iozshi? o f the tvo univcrsftfrr. 37 ccaas of a copy 05 rb is lcc tet to %.U. 3. Crrtzat, it is rei-ested * t h i s Divirfoz be sdviscd -;i:rS :cs;act t o uhcrhtr the Unive:si:? of
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cost type contract: if ao, the Univcrrlty of Nev Y'rxico s5ould be ' Sneluded as an additiocsl insured and the policy cay need endorsczent to delete reference t o Subcontract SC-11, asowing that Subcontrjct In the usual sense of cor=arclal fzsurance an iacre8se i n Folfcy 80 increase in prcziua. This Divisioa docs r)3t take exception t o 8 pro?orrd fuercase o f $1500 par year as a reasonable scgpestt6 8u iacrcrrc i n policy 1 ? aits unhss there ate extenuating cizc==- $100,OGO per perron aad $300,030 p a t accident. Your reference t o 10s. ref=burre=ent by PSC expresses ceucern for 8 potential rlversr less ratio under Policy CX-909350. We a t K C the undrrrritrt fr concernad. linft e80 be icelcded fa the rating forzrulr and the contractor can w' be billed for addi:lorul preaium accordingly. In essence, the ondrrvritcr hrs c3 r i s k of loss and t5e loss conversion factor assures a profit frta the h3ad lia pot losses. The factt3at cost l o s ~ c rwhich are eot cove:ei b p izsutafice (for exazplc Losses fa d in i notes rht ctad for policy li ri tr abovz neninrl basic Li=irs. Eosiever, rhir Divisioi is not prepared t o apgrove tbt rcgalrtioos s?tc',fF a general Wi bil it y insurrnee Limit of cost of insurance which is approved The XEC Retrospective Ratis3 Plan Oar oSjrctive fa the AEC c oz tractor inscraace propa has been ClrC Propa w2creby the cost of tnsunnca at this t ke it ester xi ally the cost o f Loss, plus c lr fzs adjostxn: cxienses a d trser. Terfizps wra: t o five scrteur ca as it crt i ox t3 t1iiSaa;ion atthe fixed eir3rgtn coorSdering tbrsa thoughts, please bear i n +ri$ Goverr=ent's poltcy It ist ~ hr site dthat the Ces&s!tcd AEC Coztractidg Officer is t h e only perron who has authority t o approve insurance uc&r the ihi ol cte er should not b e
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. interpreted or construed i o auy . ntnner as chanziug the terns and conditions of any A f C contract or Globe Indctaity CO=?alYa ?OliCY It i s proposed that ua can pros?tly coaclude Chis I t e l vi8 the AEC Contractis3 Officer. As soon 8s the contractual relationship of be de tonic at, Xr. Luttrcll will advise Xr. Crcotrt wi:h respect to. &up insurance .policy chaases cbich m y be neadrd a=d teguas: thrt your insured be advised accordicgly by the Concrrcting officer - In the iottrio period %z. Luttrall will be pleased t o discuss 8nY for your services to all A X Contractors wbich you irsure.