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Reso 2007-1167
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Reso 2007-1167
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Last modified
1/7/2020 4:42:05 PM
Creation date
10/25/2007 4:36:10 PM
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Template:
CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2007-1167
Date (mm/dd/yyyy)
10/18/2007
Description
Insurance Renewal w-Brown and Brown
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<br />NOTICE & ACKNOWLEDGEMENT OF CARRIER FINANCIAL STATUS <br /> <br />Brown & Brown, Inc. does not certify the financial stability of any insurance carrier. We <br />were unable to obtain a quotation with a carrier with an "A-" or better rating. While <br />Brown & Brown, Inc. cannot certify the financial stability of a company or otherwise <br />predict whether the financial condition of a company might improve or deteriorate, we <br />are hereby providing you with notice and disclosure of financial condition so that you <br />can make an informed decision regarding the placement of coverage. Accordingly, you <br />acknowledge the following: <br /> <br />. Coverage is being placed with PREFERRED GOVERNMENTAL INSURANCE TRUST <br />which is not rated by A.M. Best. <br /> <br />. The financial condition of PREFERRED GOVERNMENTAL INSURANCE TRUST may <br />change rapidly and that such changes are beyond the control of Brown & <br />Brown, Inc. <br /> <br />. You have reviewed the financial information from the State of Florida's Office <br />of Insurance Regulation regarding the financial condition of PREFERRED <br />GOVERNMENTAL INSURANCE TRUST and have access to the State's website at <br />www.fldfs.com/companies/mc/is_mcjndex.htm . <br /> <br />. You have had an opportunity to consider the information provided regarding <br />your insurance quote and review it with your accountants, legal counsel and <br />advisors. <br /> <br />fully understand the risks associated with placing coverage wit <br />release ro Inc., its agents, employee nes, <br />successors, assignees and re a e s from any and all liability, <br />claims, demands . , ecrees or orders in tne vent--f>f-ca.o:i?r <br />ins , quidation or rehabilitation. <br /> <br /> <br /> <br />l.vt~...crt~'tV <br /> <br />Date <br /> <br />* A.M. Best Rating Guide: <br /> <br />Rating for Stability: A++ to C- = Highest to lowest rating <br />Rating for Assetsl Surplus: 15 to 1 - Largest to smallest rating <br /> <br /> <br />25 <br />Brown & Brown of Florida, Inc. <br />
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