Section 7: Insurer of Last Resort

Insurance is not always the optimal solution for mitigating every risk, and may not be commercially available or economically feasible for certain risks. Therefore, in exceptional circumstances and with the specific approval of NCP, the Entity may agree to indemnify the Privatization Partner if risks are uninsurable, or only insurable at an unreasonable or prohibitive cost.  The process for such determination will be made on a case by case basis.