22.1.2  Proof of insurance

(a)  By Financial Close, the private party must have provided government with evidence from its insurers that the construction period insurances are in effect.

(b)  Throughout the Contract Term, the private party must provide government with copies of insurance policies, certificates of currency, renewal certificates and any endorsement slips in relation to all required insurances. Where government is not required to be an insured under the policy, and the actual policy copies cannot be provided (due to commercial confidentiality), appropriately worded certificates confirming expressly all of the insurance terms and conditions, as set out in the project agreement, must be provided from the insurer or insurance broker.