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<br />c <br /> <br />c <br /> <br />c <br /> <br />c...GUE 0, <br />,,~ ('"~ <br />~.. ~ <br />~ ~..,. <br />Q:-- ..- <br />0==-- ===:I Z <br />IIIi <br /> <br />Department of Insurance <br />And Financial Services <br /> <br />FLORIDA MUNICIPAL INSURANCE TRUST <br /> <br />COVERAGE PROPOSAL <br /> <br />FOR <br /> <br />CITY OF SUNNY ISLES BEACH <br /> <br />PROPOSED EFFECTIVE DATE: October 1, 2011 <br /> <br />ADMINISTERED AND PREPARED BY: <br /> <br />DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES <br /> <br />OF THE <br /> <br />FLORIDA LEAGUE OF CITIES, INC, <br /> <br />P,O, BOX 530065 <br /> <br />ORLANDO, FL 32853-0065 <br /> <br />August 18, 2011 <br /> <br />"The Florida Municipal Insurance Trust Guarantee" <br />The FMITwill match any competitor's pricing for similar exposures, coverages, terms and conditions contingent on the <br />ability of the competitor to verify that their rates are established by an independent actuary and that their reinsurance <br />structure is currently in place. The competitor's reinsurer must have an AM Best rating of an A X or better. <br /> <br />A specimen agreement is attached, This proposal contains a brief, general description of coverages, It is not <br />intended to describe or cover all the terms, limits, conditions and exclusions of the agreement. <br /> <br />The FMIT agreement language will supersede any differences between the agreement and this proposal <br />summary . <br />