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City Of Decatur <br /> Proposal Disclosures <br /> The following disclosures are hereby made a part of this proposal. Please review these disclosures prior to signing <br /> the Client Authorization to Bind or e-mail confirmation. <br /> Proposal IMPORTANT: The proposal is an outline of certain terms and conditions of the insurance proposed by <br /> Disclaimer the insurers, based on the information provided by your company. It does not include all the terms, <br /> coverages,exclusions, limitations and/or conditions of the actual policy contract language. The insurance <br /> policies themselves must be read for those details. Policy forms for your reference will be made available <br /> upon request. <br /> We will not be operating in a fiduciary capacity, but only as your broker, obtaining a variety of coverage <br /> terms and conditions to protect the risks of your enterprise.We will seek to bind those coverages based <br /> upon your authorization; however,we can make no warranties in respect to policy limits or coverage <br /> considerations of the carrier.Actual coverage is determined by policy language, so read all policies <br /> carefully. Contact us with questions on these or any other issues of concern. <br /> Compensation One of the core values highlighted in The Gallagher Way states, "We are an Open Society,"and our <br /> Disclosure open society extends to the compensation Gallagher receives. In general, Gallagher may be <br /> compensated as follows: <br /> 1. Gallagher Companies are primarily compensated from the usual and customary commissions or <br /> fees received from the brokerage and servicing of insurance policies, annuity contracts, guarantee <br /> contracts and surety bonds(collectively"insurance coverages")handled for a client's account, which may <br /> vary from company to company and insurance coverage to insurance coverage. As permitted by law, <br /> Gallagher companies occasionally receive both commissions and fees. <br /> 2. In placing, renewing, consulting on or servicing your insurance coverages, Gallagher <br /> Companies may participate in contingent and supplemental commission arrangements with <br /> intermediaries and insurance companies. Contingent commissions provide for additional contingent <br /> compensation if underwriting, profitability,volume or retention goals are achieved. Such goals are <br /> typically based on the total amount of certain insurance coverages placed by Gallagher with the <br /> insurance company and/or through the intermediary, not on an individual policy basis. Some insurance <br /> markets, including Gallagher-owned intermediaries, have modified their commission schedule with <br /> Gallagher, resulting in an increase in some commission rates. These additional commissions, commonly <br /> referred to as"supplemental commissions"are known as of the effective date, but some insurance <br /> companies are paying this commission later and apart from when commission is normally paid at policy <br /> issuance. As a result, Gallagher may be considered to have an incentive to place your insurance <br /> coverages with a particular insurance company. Note: Upon request, your Gallagher representative can <br /> provide more specific market information regarding contingent and supplemental commission related to <br /> your insurance coverage. <br /> 3. Gallagher Companies may also receive investment income on fiduciary funds temporarily held <br /> by them, such as premiums or return premiums. <br /> 4. Gallagher Companies may access other facilities, including wholesalers, reinsurance <br /> intermediaries, captive managers, underwriting managers and others that act as intermediaries for both <br /> Gallagher and other brokers in the insurance marketplace. Gallagher Companies may own some of <br /> these facilities, in whole or in part. If such a facility was utilized in the placement of a clienYs account,the <br /> faciliry may have earned and retained customary brokerage commission or fees for its work. ' <br /> 5. Gallagher assists its customers in procuring premium finance quotes and unless prohibited by <br /> law may eam compensation for this value added service. I <br /> 6. From time to time, Gallagher may participate in insurance company promotional events or II <br /> training and development that insurers provide for Gallagher employees. , <br /> 7. Gallagher strives to find appropriate coverage at a competitive price for our customers. In order � <br /> to achieve these goals,we gather and analyze data about our customers and their insurance coverage. <br /> Acthur J.Gallagher Risk Management Services,Inc. <br /> 44 <br />