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<br />_._---~--- .---~~.- <br />We appreciate tile opportunity to assist with your insurance needs, Information <br />concerning additional compensation paid to other entities for tllis placement and <br />related services appears below, Please do not Ilesitate to contact us if any <br />additional information is required, <br /> <br />Our office is owned by Brown & Brown, Inc, Brown & Brown entities operate <br />independently and are not required to utilize otller companies owned by Brown & <br />Brown, Inc" but routinely do so, <br /> <br />For the 2005-2006 policy year, your insurance was placed with Preferred <br />Governmental Insurance Trust (PGIT), PGIT is an insurance trust formed by <br />Florida public entities througll an Interlocal Agreement for tile purpose of <br />providing its members witll an array of insurance coverages and services, PGIT <br />ilas contracted witll entities owned by Brown & Brown, Inc, to perform various <br />services, As explained below, tllose Brown & Brown entities are compensated for <br />tileir services, <br /> <br />PGIT Ilas contracted witll Public Risk Undelwriters (PRU), a company owned by <br />Brown & Brown, Inc" to administer PGIT's operations Tile administrative <br />services provided by PRU to PGIT include: <br /> <br />. Underwriting <br />. Coverage review <br />. Marketing <br />. Policy Review <br />. Accounting <br />. Issuance of PGIT Coverage Agreements <br />. PGIT Member Liaison <br />. Risk Assessment and Control <br /> <br />Pursuant to its contract witil PGIT, PRU receives an administration fee, based on <br />tile size and complexity of the account, of up to 12,5% of tile premium you pay to <br />PGIT, PRU may also receive commissions from insurance companies with whom <br />it places your coverage, wllicll commissions are derived from the premium you <br />pay to PGIT, Multiple undelwriters may be involved in the placement of your <br />coverage, If so, they also may be compensated for their services from the <br />premium you pay to PGIT, <br /> <br />PGIT has also contracted witil Preferred Governmental Claims Solutions <br />(PGCS), a company owned by Brown & Brown, Inc, for purposes of <br />administering the claims of PGIT members, The services provided by PGCS to <br />PGIT may include: <br /> <br />. Claims Liaison witlllnsurance Company <br />. Claims Liaison with PGIT Members <br />,~, Claims Adju_s~llent <br /> <br />.J <br />