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1/7/14 State.co.us Eecutive Branch Mail-Fwd:Question on Insurance in regard to loans <br /> STATE OF 40.1t, 671 () -t. L7 ` pt,„ _Aci .I ,_1 <br /> 11/4 i'i % COLORADO 0 <br /> — `4_)(<1-60'A.At,c,4 1;) A <br /> Fwd: Question on Insurance in regard to loans <br /> Mason -DNR, Peg <peg.mason@state.co.us> Mon, Jan 6, 2014 at 9:47 AM <br /> To: Steve Biondo- DNR <steve.biondo@state.co.us> <br /> Thank you, <br /> Peg Mason,Contracts Manager <br /> Finance& Administration Section <br /> Colorado Water Conservation Board <br /> Department ofNatural Resources <br /> 1580 Logan Street,Suite Goo <br /> Denver,CO 80203 <br /> Phone:(303)866-3441 ext. 3227 <br /> Fax:(303)894-2578 <br /> peg.mason@state.co.us <br /> www.cmcb.state.co.us <br /> Forwarded message <br /> From: Davis-DPA, Markie <markie-davis@state.co.us> <br /> Date: Fri, Jan 3, 2014 at 3:16 PM <br /> Subject: Re: Question on Insurance in regard to loans <br /> To: "Mason - DNR, Peg" <peg.mason@state.co.us> <br /> Hi Peg, <br /> I hope this finds you well in the New Year! The weather sure is glorious. I am enjoying every minute. <br /> Wow, this is a new one. The purpose behind the liability insurance is that it protects the entity from liability that <br /> would cause them to default on the loan. But, if they do not own the land and could not be held responsible for <br /> incidents on the land then they would not need insurance. <br /> It seems like an odd situation, but I approve of waiving the liability insurance in this instance. <br /> Let me know if you have questions. <br /> Markie <br /> Markie Davis, ARM, CPCU <br /> Manager, Risk Management Unit <br /> markie.davis@state.co.us <br /> https://mail.goog le.conifmail/u/0/?ui=2&ilr4d92e78cfa&vievi=pt&search=inbox&th=1436874858c59d84 1/3 <br />