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1 <br /> 1 <br /> AUTOMOBILE LIABILITY AND AUTO PHYSICAL DAMAGE <br /> ' The Following Endorsements Apply: <br /> •Professional Services Not Covered •Emergency Vehicles-Volunteer Firefighters'& <br /> •Amendment of Bodily Injury Definition •Public Entity Auto Extension <br /> Automobile Composite Rating <br /> In order to provide our insureds better service and administrative efficiency,Travelers Public Sector Services is pleased to provide the following <br /> process for handling mid-term automobile change requests. All requests will be managed in accordance with the Composite Rate Application <br /> ' outlined below. The insured should continue to submit all change requests to their agent for accurate record keeping and claims verification <br /> purposes. Particular attention should be paid to Item 5,which specifies dre types of automobiles that will continue to require reporting to the <br /> Company. <br /> Composite Rate Application <br /> 1.If your policy includes the coverage for which a composite rate is designated in the table below then the premium for that coverage is <br /> composite rated. Automobile Liability is rated on a"per unit"basis and Automobile Physical Damage is rated on the basis of the original cost <br /> new of the autos. <br /> 2.The composite rates for Automobile Liability and Physical Damage are the rates applicable at the inception of the policy. Based on the <br /> information provided for this proposal and as of the date of this proposal,these rates are as follows: <br /> Liability Comprehensive Collision <br /> 1850.00 <br /> ' 3.The premium charged at inception is the estimated annual premium based on the number of units and total original cost new for all covered <br /> autos on file with the company at inception. The insured is to submit a current schedule of owned automobiles as of the expiration of the policy <br /> and the total earned premium will be computed on the basis of the average net change in units and their corresponding original cost new for <br /> ' the policy term. <br /> 4.All autos added will carry the same Liability limits and Physical Damage deductibles issued at policy inception for autos of the same type. <br /> 5.Any new auto requiring valuation other than actual cash value must be reported within 30 days of acquisition. These autos will be added to <br /> ' the policy automobile schedule mid term and a final premium will be determined at policy expiration. <br /> 1 <br /> 1 <br />