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1 <br /> Proposal of Insurance for: Decatur Public Transit Svstern <br /> ' Gallagher Disclosures <br /> Proposal Disclaimer <br /> The proposal is an outline of certain of the terms and conditions of the insurance proposed by the insurers, based on the <br /> information provided by your company. It does not include all the terms, coverages, exclusions, limitations, or conditions of <br /> the actual policy contract language.The insurance policies themselves must be read for those details. Policy forms for your <br /> reference will be made available upon request. <br /> We will not be operating in a fiduciary capacity, but only as your broker, obtaining a variety of coverage terms and <br /> conditions to protect the risks of your enterprise.We will seek to bind those coverages based upon your authorization, <br /> ' however,we can make no warranties in respect to policy limits or coverage considerations of the carrier.Actual coverage is <br /> determined by policy language, so read all policies carefully. Contact us with questions on these or any other issues of <br /> concern. <br /> Actuarial Disclaimer <br /> ' The information contained in this proposal is based on the historical loss experience and exposures provided to Arthur J. <br /> Gallagher Risk Management Services, Inc. This proposal is not an actuarial study. Should you wish to have this proposal <br /> reviewed by an independent actuary,we will be pleased to provide you with a listing of actuaries for your use. <br /> ' Compensation Disclosure <br /> One of the core values highlighted in The Gallagher Way states, "We are an Open Society,"and our open society extends <br /> to the compensation Gallagher receives. For more information on Gallagher's compensation arrangements, please visit <br /> http://www.aig.com/comDdisclosure. In general, Gallagher may be compensated as follows: <br /> 1. Gallagher Companies are primarily compensated from the usual and customary commissions or fees received from the <br /> brokerage and servicing of insurance policies, annuity contracts, guarantee contracts and surety bonds(collectively <br /> "insurance coverages")handled for a client's account,which such commissions and fees may vary from company to <br /> company and insurance coverage to insurance coverage. As permitted by law, Gallagher companies occasionally <br /> receive both commissions and fees. In placing, renewing, consulting on or servicing your insurance coverages, <br /> Gallagher Companies may participate in contingent commission arrangements with intermediaries and insurance <br /> ' companies that provide for additional contingent compensation if underwriting, profitability, volume or retention goals <br /> are achieved. Such goals are typically based on the total amount of certain insurance coverages placed by Gallagher <br /> with the insurance company and/or through the intermediary, not on an individual policy basis. As a result, Gallagher <br /> may be considered to have an incentive to place your insurance coverages with a particular insurance company. <br /> ' 2. Gallagher Companies may also receive investment income on fiduciary funds temporarily held by them, such as <br /> premiums or return premiums. <br /> 3. Gallagher Companies may access other facilities, including wholesalers, reinsurance intermediaries, captive managers, <br /> underwriting managers and others that act as intermediaries for both Gallagher and other brokers in the insurance <br /> marketplace. Gallagher Companies may own some of these facilities, in whole or in part. If such a facility was utilized in <br /> the placement of a client's account, the facility may have earned and retained customary brokerage commission or fees <br /> for its work. <br /> 4. Gallagher assists its customers in procuring premium finance quotes and unless prohibited by law may earn <br /> compensation for this value-added service. <br /> Questions/Concerns <br /> If you have specific questions about the compensation received by Gallagher and its affiliates in relation to your insurance <br /> placements, please contact your Gallagher representative for more details. <br /> ' In the event you wish to register a formal complaint regarding compensation Gallagher receives from insurers or third <br /> parties, please send an e-mail to Compensation_Complaints@ajg.com or send a letter to: <br /> AVC Compliance Officer <br /> Arthur J. Gallagher&Co. <br /> Two Pierce Place, 20th Floor <br /> Itasca, IL 60143 <br /> Arthur J.Gallagher Risk Management Services,Inc. <br /> I:\UsersVmiller\Proposals\Decatur Transit Management 2011.docx 9/9/11 13 <br />