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<br />o <br /> <br />WORKERS' COMPENSATION PREMIUM RECAPITULATION <br /> <br />Annual Premium Expirina Premium <br /> <br />Workers Compensation <br /> <br />$ 304,171.00 <br /> <br />$ 317,876,00 <br /> <br />NOTES OF IMPORTANCE: <br /> <br />o <br /> <br />. PGIT is not protected by the Florida Guarantee Association in the event it becomes unable <br />to meet its claims payment obligations, <br /> <br />. Quote subject to review and acceptance by PGIT Board of Trustees, <br /> <br />. Premiums are subject to change if ALL lines of coverage quoted are not bound. <br /> <br />. NCCI Experience Modification factor decreased from ,92 to ,90 <br /> <br />. Annual Payroll increased approximately 5% <br /> <br />. Total Premiurn Payment Plan - Quarterly: <br /> <br />Due 10/1/06 = $ 76,192,75 <br />Due 01/1/07 = $ 75,992.75 <br />Due 04/1/07 = $ 75,992.75 <br />Due 07/1/07 = $ 75,992.75 <br /> <br />. OPTION to remove $2,500 deductible - would increase Annual Premium to $319,051,00 <br /> <br />o <br /> <br />, <br />, ~ <br /> <br />23 <br />Brown & Brown, Inc.@ <br />