Reso 2009-1390 - Laserfiche WebLink

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SECTION XI DISCLAIMERS The rates contained in this proposal are based on the census illustrated and exposures to loss made known to Brown & Brown Insurance. Final rates will reflect the actual census of insured persons and loss exposure as underwritten by the insurer. Insurance companies offer many different plans that differ in deductible, coinsurance, co-payments, stop-loss, etc. We have proposed various options similar to what you have now or are requesting, but if you would like to see other options, please notify our office. Broader coverage may be available. The rates shown are not guaranteed and are subject to change. This executive summary is for comparison purposes only. This proposal contains only a general description of the coverages and does not constitute a policy or contract. Please refer to the carrier's plan document for the actual terms, conditions, limitations, and exclusions. A specimen policy is available upon request. Exclusions include, but are not limited to, those shown in the attached proposal. It is imperative we be informed of any employee or dependent that is hospitalized or otherwise disabled and not actively at work on the effective date of any new contract. Coveraae may not be available for these individuals. This proposal is provided only for the internal use of "City of Sunny Isles Beach". No further use or distribution is authorized without our written consent. IMPORTANT NOTICE Compensation - In addition to the commissions or fees received by us for assistance with the placement, servicing, claims handling, or renewal of your insurance coverages, other parties, such as excess and surplus lines brokers, wholesale brokers, reinsurance intermediaries, underwriting managers and similar parties, some of which may be owned in whole or in part by Brown & Brown, Inc., may also receive compensation for their role in providing insurance products or services to you pursuant to their separate contracts with insurance or reinsurance carriers. That compensation is derived from your premium payments. Additionally, it is possible that we, or our corporate parents or affiliates, may receive contingent payments or allowances from insurers based on factors which are not client-specific, such as the performance andlor size of an overall book of business produced with an insurer. We generally do not know if such a contingent payment will be made by a particular insurer, or the amount of any such contingent payments, until the underwriting year is closed. That compensation is partially derived from your premium dollars, after being combined (or "pooled") with the premium dollars of other insureds that have purchased similar types of coverage. We may also receive invitations to programs sponsored and paid for by insurance carriers to inform brokers regarding their products and services, including possible participation in company-sponsored events such as trips, seminars, and advisory council meetings, based upon the total volume of business placed with the carrier you select. We may, on occasion, receive loans or credit from insurance companies. Additionally, in the ordinary course of our business, we may receive and retain interest on premiums you pay from the date we receive them until the date of premiums are remitted to the insurance company or intermediary. In the event that we assist with placement and other details of arranging for the financing of your insurance premium, we may also receive a fee from the premium finance company. Questions and Information Requests. Should you have any questions, or require additional information, please contact this office at 1-800-432-8844 or, if you prefer, subm it your question or request online at htto:/ /www.bbinsurance.com/custom erinQuirv. shtm I. 21