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Each collector shall furnish the city a policy of comprehensive general and automobile liability insurance insuring the collector against bodily injury, property damage and automobile liability in the amounts established by the city council by resolution or in a collection agreement. These limits shall be subject to annual review by the city for the purpose of reasonably adjusting to current insurance conditions and requirements. A greater amount may be required in a collection agreement. The insurance shall: (1) provide that the coverage is primary and that any insurance maintained by the city shall be excess insurance, (2) be procured from an insurer authorized to do business in the state of California, (3) name the city of Cudahy and its officers, employees and agents as additional insureds, and (4) provide that it may not be canceled or modified without 30 days’ prior written notice to the city. (Ord. 716 § 2, 2021; Ord. 532 § 1. 2002 Code § 12-7.13).