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18. CONFLICTS OF INTEREST <br /> A. Actual Conflicts of Interest <br /> Borrower shall not engage in any business or activities, or maintain any relationships that <br /> conflict in any way with the full performance of the obligations of Borrower under this <br /> Contract. Such a conflict of interest would arise when a Borrower' employee, officer or <br /> agent were to offer or provide any tangible personal benefit to an em loyee of the State, or <br /> any member of his or her immediate family or his or her partner,relate to the award of,entry <br /> into or management or oversight of this Contract. <br /> B. Apparent Conflicts of Interest <br /> Borrower acknowledges that,with respect to this Contract, even the appearance of a conflict <br /> of interest shall be harmful to the State's interests. Absent the State's prior written approval, <br /> Borrower shall refrain from any practices, activities or relationships that reasonably appear <br /> to be in conflict with the full performance of Borrower's obligations under this Contract. <br /> C. Disclosure to the State <br /> If a conflict or the appearance of a conflict arises, or if Borrower is uncertain whether a <br /> conflict or the appearance of a conflict has arisen, Borrower shall submit to the State a <br /> disclosure statement setting forth the relevant details for the State's consideration. Failure to <br /> promptly submit a disclosure statement or to follow the State's dir tion in regard to the <br /> actual or apparent conflict constitutes a breach of this Contract. <br /> 19. INSURANCE <br /> Borrower shall obtain and maintain insurance as specified in this section at all times during the <br /> term of this Contract.All insurance policies required by this Contract shall be issued by insurance <br /> companies as approved by the State. <br /> A. General Liability <br /> Commercial general liability insurance covering premises ope tions, fire damage, <br /> independent contractors, products and completed operations, blanket contractual liability, <br /> personal injury,and advertising liability with minimum limits as follows: <br /> i. $1,000,000 each occurrence; <br /> ii. $1,000,000 general aggregate; <br /> iii. $1,000,000 products and completed operations aggregate; and <br /> iv. $50,000 any one(1) fire. <br /> B. Cancellation <br /> The above insurance policies shall include provisions preventing cancellation or non- <br /> renewal,except for cancellation based on non-payment of premiums,without at least 30 days <br /> prior notice to Borrower and Borrower shall forward such notice to the State in accordance <br /> with§23.,within seven (7) days of Borrower's receipt of such notice. <br /> C. Subrogation Waiver <br /> All insurance policies secured or maintained by Borrower in relation to this Contract shall <br /> include clauses stating that each carrier shall waive all rights of recovery under subrogation <br /> or otherwise against Borrower or the State, its agencies, institutions, rganizations, officers, <br /> agents, employees, and volunteers. <br /> Contract Number:CT2019-2034 Page 12 of 20 Version 0119 <br />