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NOTICE OF CARRIER FINANCIAL STATUS <br /> Brown&Brown of Florida Inc., and its parent company,Brown & Brown, Inc. (collectively <br /> "Brown& Brown")do not certify,warrant or guarantee the financial soundness or stability of <br /> any insurance carrier or alternative risk transfer entity. We endeavored to place your coverage <br /> with an insurance carrier with an A.M. Best Company financial rating of"A-"or better.* While <br /> Brown&Brown cannot certify,warrant or guarantee the financial soundness or stability of a <br /> company or otherwise predict whether the financial condition of a company might improve or <br /> deteriorate, we are hereby providing you with notice and disclosure of financial condition so that <br /> you can make an informed decision regarding the placement of insurance coverage. <br /> Accordingly,this will serve as notice of the following with regard to the placement of the <br /> insurance indicated below and with regard to any subsequent renewal of such insurance: <br /> • Brown&Brown attempted to present other options for your insurance placement, <br /> including quotations with insurance carriers holding an"A-" or better rating from A.M. <br /> Best Company, but we were unable to secure such a quote/you have elected to decline <br /> these options. <br /> • Insurance coverage is being placed through Preferred Governmental Insurance Trust, <br /> which is currently not rated by A.M. Best Company. <br /> • The financial condition of insurance companies may change rapidly and that such <br /> changes are beyond the control of Brown& Brown. <br /> • You have had the ability to review the financial information for this carrier as found in <br /> one or more of the following sources: a state department of insurance website,A.M. Best <br /> Company website, carrier or a carrier website. <br /> • You have had an opportunity to consider the information provided regarding your <br /> insurance quote and insurance placement and review it with your accountants, legal <br /> counsel and advisors. <br /> Named Insured: City of Sunny Isles Beach <br /> Policy Number: TBD <br /> Policy Period: 10/01/12— 10/01/13 <br /> Date of Notice: 09/13/2012 <br /> * A.M.Best Rating Guide: Rating for Stability: A++ to D=Highest to lowest rating <br /> Rating for Assets/ Surplus: 15 to 1 -Largest to smallest rating <br /> 59 <br />