Laserfiche WebLink
999 <br />Chevron Corporation <br />Qne Sansome Street, Suite 904, San Francisco, California <br />Mad Idtkm: Pa. Bm 7141, San Fenceca. CA 94110.7141 <br />TWIT No.: 9103717340 CHEYCOaP SF9 <br />Treasurers Department <br />Insurance Division <br />E. J. Kesel <br />Atrecunt Traewrer <br />S. Sherman <br />Aautem General Meroeer <br />N. D. Miller <br />aok Menapemant <br />D. V. Barksdale <br />Corporate Ptopteme <br />E. C. Fay, Jr. <br />Claim, <br />Department of Natural Resources <br />1313 Sherman Street <br />Denver, Colorado 80203 <br />Gentlemen: <br />February 10, 1986 <br />~SS~J' hA ~~af14`~~ ~'~,, <br />FE8 2 51986 <br />~-~ts:9~(D P..~P~E~ ~~~t.~i~7ATJti~ <br />i;l?Sll. ~ti~~~. Urt % 7;+;;~1 j~~SU:1lC©S <br />Evidence of Financial Responsiblilty <br />You should have recently received a cancellation notice from Travelers <br />Insurance Company with respect to Certificates evidencing insurance coverage <br />for Gulf Oil Corporation and its subsidiaries. <br />As you are probably aware, Gulf Oil Corporation and its subsidiaries have <br />been merged into Chevron Corporation. Chevron maintains major insurance <br />programs with sizable deductibles and the evidence of insurance coverage <br />you have previously requested of Gulf falls within these deductibles. <br />Certificates of Insurance, or the absence thereof, do not in any way alter <br />the responsibilities of the contracting parties with respect to each other <br />or to third-parties. Their primary purpose is to provide evidence of <br />financial ability to meet contractual obligations. Certificates, therefore, <br />really serve a practical purpose only when required of companies with limited <br />financial resources. You may wish to review this subject with your Insurance <br />and Law Departments. <br />Historically, Chevron has successfully met its insurance certification <br />requirements with the attached "Self-Administered Claims Letter". We trust <br />that it will provide you the necessary assurances with respect to insurance <br />requirements on contracts between our two companies. <br />Please contact the undersigned if you have any questions. <br />Yours truly, <br />~~ ~ ~~ <br />HDM:gfs <br />Attachment <br />