Section 3-70-15 - Insurance, indemnification(a) Licensees shall purchase and provide, at their own cost and expense, comprehensive general liability insurance in an amount set by the authority but not less than $1,000,000 combined single limit for personal injury and property damage for any one occurrence The policy or policies shall contain a waiver of subrogation endorsement, shall provide that the authority be given at least thirty days written notice prior to any termination, cancellation, or material change in the insurance coverage, shall name the authority, its officers and employees as additional insured, and shall be deposited with the manager. The policy or policies must be written and executed by an insurance carrier licensed to do business in the State and acceptable to the authority.(b) The licensee shall be required to indemnify and hold harmless the State, the authority, and their officers and employees, from any and all claims for loss, injury, damage or liability sustained or claimed to have been sustained by reason of the use or occupation of the stadium premises by the licensee or by an act or omission of the licensee, its officers, agents and employees, guests, patrons, invitees and persons admitted to the stadium by consent of the licensee.[Eff 6/12/81; am 9/17/82; am 8/17/02; am and comp 9/18/16; Comp 9/7/2019] (Auth: HRS § 109-2) (Imp: HRS § 109-2)