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PREFERRED GOVERNMENTAL INSURANCE TRUST <br /> DISCLAIMER <br /> We appreciate the opportunity to assist with your insurance needs. Information concerning <br /> additional compensation paid to other entities for this placement and related services appears <br /> below. Please do not hesitate to contact us if any additional information is required. <br /> Our office is owned by Brown& Brown, Inc. Brown& Brown entities operate independently <br /> and are not required to utilize other companies owned by Brown& Brown, Inc.,but routinely do <br /> so. <br /> For the 2005-2006 policy year your insurance was placed with Preferred Governmental <br /> Insurance Trust(PGIT). PGIT is an insurance trust formed by Florida public entities through an <br /> Interlocal Agreement for the purpose of providing its members with an array of insurance <br /> coverages and services. PGIT has contracted with entities owned by Brown&Brown, Inc.to <br /> perform various services. As explained below, those Brown & Brown entities are compensated <br /> for their services. <br /> PGIT has contracted with Public Risk Underwriters(PRU), a company owned by Brown& <br /> Brown, Inc., to administer PGIT's operations. The administrative services provided by PRU to <br /> PGIT include: <br /> • Underwriting <br /> • Coverage review <br /> • Marketing <br /> • PoIicy Review <br /> • Accounting <br /> • Issuance of PGIT Coverage Agreements <br /> • PGIT Member Liaison <br /> • Risk Assessment and Control <br /> Pursuant to its contract with PGIT,PRU receives an administration fee, based on the size and <br /> complexity of the account,of up to 12.5%of the premium you pay to PGIT.PRU may also <br /> receive commissions from insurance companies with whom it places your coverage,which <br /> commissions are derived from the premium you pay to PGIT. Multiple underwriters may be <br /> involved in the placement of your coverage. If so, they also may be compensated for their <br /> services from the premium you pay to PGIT. <br /> PGIT has also contracted with Preferred Governmental Claims Solutions(PGCS), a company <br /> owned by Brown&Brown, Inc., for purposes of administering the claims of PGIT members. <br /> The services provided by PGCS to PGIT may include: <br /> • Claims Liaison with Insurance Company <br /> • Claims Liaison with PGIT Members <br /> • Claims Adjustment <br /> 60 <br />