The City will combine risk retention and risk transfer when purchasing insurance through the use of deductibles or a self-insured retention where practical. In the case of liability insurance, such retention may be applied either to the final settlement, court costs and attorney’s fees or only to the cost of final judgment as determined by agreement. (Ord. 22-19 § 3, 2022; Ord. 89-98 § 1, 1989.)