Reso 2006-990 - Laserfiche WebLink

Home Browse Search

o RefereniCe Number: 9432 09/1312006 Named Covered Palty: City of Sunny Isles Beach Tenn: Coverage Provided By: Renewal Quote No.: 10/01/2006 to 10/0112007 Preferred Governmental Insurance Trust PK FLI 0132026 06-04 Pursuant to its contract with PGIT, POCS receives a claims administration fee for those accounts which POCS services of up to 5% of the non-propeliy p0l1ion of the PGIT premiums billed and collected, o POIT also utilizes wholesale insurance brokers, some of which are owned by Brown & Brown, Inc" for the placement of PO IT's insurance policies and for individual risk placements for some PGIT members (excess and surplus lines, professional liability coverage, etc.). This enables POIT to access insurance companies (markets) which may only be approached through such wholesale insurance brokers, !n addition to providing access to such insurance companies, the wholesale insmance broker may provide the following services: . Risk Placement . Coverage review . Claims Liaison with Insurance Company . Policy Review . Cunent Market Intelligence The wholesale insurance broker's compensation is largely dictated by the insurance company and typically ranges between 10% and] 7% of the premiums associated with those coverages placed by the wholesale insurance broker. The wholesale insurance brokerage utilized in the placement of your property insurance was Peachtree Special Risk Brokers, which is a company owned by Brown & Brown ]nc, Furthermore, any professional liability coverage afforded by the package of insurance you purchased was acqnired through Brown & Brown Public Entity Services (BBPES), which is also a company owned by Brown & Brown !nc, Please contact this office if you have any questions, or require any additionai information, ]f for any reason you prefer not to contact this office, you can submit a rep0l1 concel'l1illg any entity related to Brown & Brown, Inc, through Ethicspoint bye-mail viawww.ethicspoint.com. or by toll-free call to 866-384-4277. () The brief description of coverage contained in this document is being provided as an accommodation only and is 110t illtended to rover or describe all Coverage Agreement terms. For more complete and detailed information relating to the scope HIJd limits of covenlge, please refer directly to the Coverage Agreement documents. Specimen forms are available UpOll request. ~) 27 Brown & Brown, Inc.@