65.4.1

name the Contractor and Governing Bodies as co-insured parties with any other party maintaining the insurance and, wherever required pursuant to Schedule 14, name the Authority and any Academy Trust as co-insured for their separate interests;

65.4.2

provide for non-vitiation protection in respect of any claim made by the Authority or Governing Bodies or (with effect from the relevant Academy Effective Date) any Academy Trust as co-insured parties in accordance with endorsement 2 in part 3 of Schedule 14 (Required Insurances);

65.4.3

contain a clause waiving the insurers' subrogation rights against the Authority and Governing Bodies and (with effect from the relevant Academy Effective Date) any Academy Trust and their employees and agents, in accordance with endorsement 2 in part 3 of Schedule 14 (Required Insurances);

65.4.4

provide for twenty (20) Business Days' prior written notice of their cancellation, non-renewal or amendment to be given to the Authority in accordance with endorsement 1 in part 3 of Schedule 14 (Required Insurances); and

65.4.5

in respect of the Physical Damage Policies provide for payment of any proceeds received by the Contractor to be applied in accordance with clause 66 (Reinstatement and Change of Requirement after Insured Event).