Appendix D - BC Hydro - Transmission

18.3.7 The Commercial General Liability Insurance, Comprehensive AutomobileLiability Insurance and Excess Public Liability Insurance policies, if written ona Claims First Made Basis, shall be maintained in full force and effect for two(2) years after termination of this LGIASGIA, which coverage may be in theform of tail coverage or extended reporting period coverage if agreed by theParties.18.3.8 The requirements contained herein as to the types and limits of all insurance tobe maintained by the Parties are not intended to and shall not in any manner,limit or qualify the liabilities and obligations assumed by the Parties under thisLGIASGIA.18.3.9 Within ten (10) days following execution of this LGIASGIA, and as soon aspracticable after the end of each fiscal year or at the renewal of the insurancepolicy and in any event within ninety (90) days thereafter, each Party shallprovide certification of all insurance required in this LGIASGIA, executed byeach insurer or by an authorized representative of each insurer.18.3.10 Notwithstanding the foregoing, each Party may self-insure to meet theminimum insurance requirements of Articles 18.3.2 through 18.3.8 to theextent it maintains a self-insurance program; provided that, such Party's seniorsecured debt is rated at investment grade or better by Standard & Poor's andthat its self-insurance program meets the minimum insurance requirements ofArticles 18.3.2 through 18.3.8. For any period of time that a Party's seniorsecured debt is unrated by Standard & Poor's or is rated at less than investmentgrade by Standard & Poor's, such Party shall comply with the insurancerequirements applicable to it under Articles 18.3.2 through 18.3.9. In the eventthat a Party is permitted to self-insure pursuant to this article, it shall notify theother Party that it meets the requirements to self-insure and that its selfinsuranceprogram meets the minimum insurance requirements in a mannerconsistent with that specified in Article 18.3.9.18.3.11 The Parties agree to report to each other in writing as soon as practical allaccidents or occurrences resulting in injuries to any person, including death,and any property damage arising out of this LGIASGIA.18.4 Indemnity in favour of Transmission Owner. This SGIA shall not become effectiveuntil Interconnection Customer executes and delivers to Transmission Provider anindemnity in favour of Transmission Owner in the form attached in Appendix H.Article 19Article 19. . Assignment19.1 Assignment. This LGIASGIA may be assigned by either Party only with the writtenconsent of the other; provided that either Party may assign this LGIASGIA without theconsent of the other Party to any Affiliate of the assigning Party with an equal or greatercredit rating and with the legal authority and operational ability to satisfy the obligationsof the assigning Party under this LGIASGIA; and provided further that Interconnection- 52 -DM_VAN/BCT0007-BCT00129/6206155.10