2019 Assumption of Liability Rider - Bond No. 894464SLiberty Mutual.
SURETY
Attn: CITY OF LA QUINTA
RE: Change Surety Company
Principal: Washington Street Apartments LP
Surety Bond Number: 894464S
Bond Amount: $213,281.00
Original Surety: Developers Surety & Indemnity Company
New Surety: The Ohio Casualty Insurance Company
Change Surety Company
Assumption of Liability Rider
• Effective,11/1/2019 the original surety on the above referenced surety bond, Developers Surety &
Indemnity Company is replaced with The Ohio Casualty Insurance Company.
• On the effective date, The Ohio Casualty Insurance Company assumes all obligations of the original surety
from the date of issuance of the Surety Bond and all obligations of Developers Surety & Indemnity Company
under the Bond are extinguished.
• Obligee's signature on this Rider confirms its consent to this substitution and release of the original surety
on the effective date.
• All notices, including claims, should be sent to:
Liberty Mutual Surety
P.O. Box 34526
Seattle, WA 98154
Attention: LMS Claims
With the exception of the substitution of Surety Company pursuant to this Rider, all terms and conditions of
the Surety Bond remain in full force and effect. This Assumption of Liability Rider shall not, in any respect,
vary, waive, alter or extend the terms, conditions and obligations of the Bond.
Signed and dated this 1' day of November, 2019.
NEW SURETY: The Ohio Casualty Insurance Company
By:
Renee Llewellyn, Assistant Secretary
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OBLIGEE: {� � 1
By: 4\�
MONIKA RADEVA, City Clerk
City of La Quinta, California
02019 Liberty Mutual Insurance
SL-7601 B 10/19 10z - #10 - J000000 - 701 - 1402
Liberty mutual®
SURETY
November1, 2019
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CITY OF LA QUINTA
78495 CALLE TAMPICO
LA QUINTA CA 92253-2839
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Dear Obligee:
Liberty Mutual Surety
2200 Renaissance Boulevard, Suite 400
King of Prussia, PA 19406
RECEIVED
DEC 4 ZQ19
CITY OF LA OUINTA
CITY GLERK p1;PARTMET
On May 31, 2019 Liberty Mutual Insurance Company ("Liberty') acquired the U.S. surety operations of AmTrust
Financial Services which includes Developers Surety & Indemnity Company, CorePointe Insurance Company,
Indemnity Company of California and Wesco Insurance Company. Liberty is now liable for the above referenced
surety obligation.
To memorialize and clarify the liability of Liberty for the referenced obligation, we have enclosed an Assumption
of Liability Rider ("Rider"). Depending on the obligation, the surety on the Rider is Liberty or Ohio Casualty
Insurance Company ("OCIC"). Liberty is an admitted surety in good standing with a U.S. Treasury Listing of
$1,289,139,000. OCIC is an admitted surety in good standing with a U.S. Treasury Listing of $175,415,000.
As noted on the Rider, upon the effective date the assuming surety will be the surety as if the new surety
originally issued the bond. In recognition of this assumption, we asl<that you sign the enclosed Rider and
electronically return a copy to: E1mtlrustRider(7Liberty Mutual -cam.
If you have any questions or concerns regarding this process, please contact:
Lucille Raymond ( / (949) 263-3371) or
Christina Thorpe ( / (610) 832-8431).
Thank you for your cooperation.
Sincerely,
Liberty Mutual Surety
Enclosure - Rider
02019 Liberty Mutual Insurance
SL-7601 A 10119 1 oz - #10 - J000000 - 701 - 1401