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Proposal of Insurance for: Decatur Public Transit System <br /> ' Coverage Highlights/Summary of Terms & Conditions of <br /> Recommended Carrier Quotations <br /> ' Travelers indemnity Co.&Affiliates <br /> ' Coverage: Commercial Auto <br /> Carrier: Travelers Indemnity Co. &Affiliates <br /> Form#: specimen upon request <br /> Form Type: ® Per Occurrence <br /> ❑ Claims-Made Retroactive and/or Pending and Prior Litigation Date <br /> ' ❑ N/A <br /> Effective: September 22, 2011 <br /> UL=Underlying Limit/ <br /> Terms/Option/ if Property, D=Deductible/ <br /> Coverage Parts Limit Valuation Type R=Retention Premium* <br /> ' Liability $1,000,000 <br /> Uninsured Motorists $40,000 Retention -$250,000 $70,301 <br /> ' Underinsured Motorists $40,000 <br /> *Premium includes TRIA premium of 1%.This additional premium can be removed with acceptance of an absolute Terrorism exclusion. <br /> The following is a general summary of the Insuring Agreement.Actual policy form should be sought for complete terms and conditions. <br /> Auditable Exposures and Audit Frequency, if applicable: <br /> Annually, based on 38 buses. Composite rate. <br /> ' Statement of Defense Costs: <br /> ❑ Does Not Apply <br /> ® Applicable <br /> ❑ Within Policy Limit(expenses erode policy limit) <br /> ® In addition to Policy Limit, and if so: <br /> ❑ Limited <br /> ' ® Unlimited <br /> ❑ Follow Form Underlying <br /> I' <br /> Arthur J.Gallagher Risk Management Services,Inc. <br /> a.11��1 <br /> 1 .j <br /> 1\Users\lmiller\Proposals\Decatur Transit Management 2011.docx 9/9/11 8 <br />