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<br />o <br /> <br />PREMIUM RECAPITULATION <br /> <br />Annual Premium <br /> <br />Exoirina Premium <br /> <br />Package . $ 569,273.00 <br />Property <br />Crime/Employee Dishonesty <br />General Liability/Law Enforcement <br />Auto Liability and Physical Damage <br />Public Officials Liability/Employment Practices <br /> <br />$ 486,155.00 <br /> <br />o <br /> <br />. <br /> <br />Premium does not include the additional charge for Terrorism Endorsement <br /> <br />TERRORISM: <br /> <br />You are hereby notified that, under the recently enacted Terrorism Risk Insurance Act of 2002, effective <br />November 26, 2002, we must make terrorism coverage available in your policy, However, the actual <br />coverage provided by your policy for acts of terrorism, as is true for all coverages, is limited by the terms, <br />conditions, exclusions, limits, other provisions of your policy, any endorsements to the policy and <br />generally applicable ruies of law, <br /> <br />Any terrorism coverage provided by this policy is partially reinsured by the United States of America under <br />a formula established by Federal Law, Under this formula, the United States will pay 90% of covered <br />terrorism losses exceeding a statutorily established deductible paid by insurers until such time as insured <br />losses under the program reach $100 billion, If that occurs, Congress will determine the procedures for, <br />and the source of, any payments for losses in excess of $1 00 billion, <br /> <br />If you decide to purchase this policy, the premium you wili be required to pay for terrorism coverage is: <br />Property = $54,979. <br /> <br />Note: Terrorism Coverage is included for all lines of coverage as quoted herein, other than <br />Property and Inland Marine exposures <br /> <br />o <br /> <br />NOTES OF IMPORTANCE: <br /> <br />o PGIT is not protected by the Florida Guarantee Association in the event it becomes unable <br />to meet its claims payment obligations. <br />o Quote subject to review and acceptance by PGIT Board of Trustees. <br />o Premiums are subject to change if ALL lines of coverage quoted are not bound, <br />o The Coverage Agreement shall be 25% minimum earned as of the first day of the <br />"Coverage Period", <br />o Both the General Liability and Automobile coverages are not subject to mid-term premium <br />adjustments or year-end audit. However carrier does require additions/deletions be <br />reported in order for records to be kept up to date, for ease of claim settlements, <br />o Auto Uninsured Motorists coverage reduced to the maximum available limit of $100,000 <br />from $1,000,000 <br />o PGIT must receive Latest Audited Financials (Year Ended 9/30/05) by October 30, 2006 <br /> <br />C) <br /> <br />21 <br />Brown & Brown, Inc,@ <br />