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Reso 2005-801
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Reso 2005-801
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Last modified
5/17/2021 12:19:49 PM
Creation date
1/25/2006 1:57:54 PM
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Template:
CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2005-801
Date (mm/dd/yyyy)
06/09/2005
Description
– Awd Bid05-04-02:Agmt w/Vila&Son, Landscape Impv Atlantic Isle.[O’Leary]
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<br />PolicylBond Number 861191 <br />Quote 0 <br /> <br />:::r~.:' <br /> <br />. .... <br />iff.: <br /> <br />Date Julv 20, 2005 <br /> <br />WESTFIELD <br />INSURANCE <br /> <br />Name Vila & Son Landscapine Corp. <br />Street Address 13901 NW 118 Ave. <br />City, State, Zip Miami, FL 33178 <br /> <br />A member of Westfield Groups" <br /> <br />Policyholder and/or Bondholder Disclosure: <br />NOTICE OF TERRORISM INSURANCE COVERAGE <br /> <br />On November 26, 2002, President Bush signed into law the Terrorism Risk Insurance Act of <br />2002 (the "Act"). The Act became effective immediately and establishes a temporary Federal <br />program that provides for a system of shared public and private compensation for an "insured <br />loss" resulting from certified acts of foreign "terrorism", as defined under the Act. The Act <br />further requires that all in-force exclusions for acts of terrorism, as defined in the Act, already <br />contained in a policylbond or included as an endorsement in a policylbond, become nullified as <br />of November 26,2002. <br /> <br />Coverage for act of terrorism is included in your current policylbond and/or in any policylbond <br />quoted for you. You should know that, effective November 26, 2002, under your existing <br />coverage, any losses caused by certified acts ofterrorism would be partially reimbursed by the <br />United States under a formula established by federal law. Under this formula, the United States <br />pays 90% of covered terrorism losses exceeding the statutorily established deductible paid by the <br />insurance company providing the coverage. <br /> <br />The actual coverage provided by your policylbond for acts of terrorism, as is true for all <br />coverages, is limited by the terms, conditions, exclusions, limits, other provisions of your <br />policylbond, any endorsement to the policylbond and generally applicable rules of law. <br /> <br />During your current policylbond period, the portion or your premium that is attributed to <br />coverage for acts of terrorism is $0.00. Ifit becomes necessary to include a premium for <br />terrorism coverage in a future renewal of your policylbond, you will receive notification of that <br />premium through a separate line in your policylbond. <br /> <br />Should you have any question regarding this notice, please contact your insurance agent. <br /> <br />Agency Name <br />City, State, Zip <br /> <br />Gui2Dard Company <br />LOD2wood, FL 32750 <br /> <br />Agency Code <br /> <br />9186 <br /> <br />g'''. ~.,." B.' <br />~) ~ <br /> <br />One Park Circle' PO Box 5001 . Westfield Center, OH 44251-5001 . 1,800,243,0210' fax 330,887,0840 . www,westfieldgrp,com <br />AD 8529A II 02 <br />
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