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SECTION VIII: INSURANCE <br />Each political subdivision shall provide, upon request, satisfactory proof of liability <br />insurance by one or more of the means specified in Section 768.28, Florida Statutes, in an amount <br />which is, in the judgment of the governing body of that political subdivision, at least adequate to <br />cover the risk to which that parry may be exposed. Should the insurance coverage, however <br />provided, of any party be canceled or undergo material change, that party shall notify all parties to <br />this agreement of such change within ten (10) days of receipt of the notice or actual knowledge of <br />such change. <br />SECTION IX: EFFECTIVE DATE <br />This agreement shall take effect upon full execution and approval by the hereinafter named <br />officials and shall continue in full force and effect for five years after it takes effect. Under no <br />circumstances may this agreement be renewed, amended or extended except in writing. <br />SECTION X: CANCELLATION <br />Either party may cancel its participation in this agreement upon sixty (60) days written <br />notice to the other political subdivision. Cancellation will be at the discretion of any political <br />subdivision to this mutual aid agreement. <br />