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R2016-110 AUTHORIZING CITY MANAGER TO EXECUTE INSURANCE COVERAGE FOR PROPERTY, LIABILITY AND WORKERS COMPENSATION
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R2016-110 AUTHORIZING CITY MANAGER TO EXECUTE INSURANCE COVERAGE FOR PROPERTY, LIABILITY AND WORKERS COMPENSATION
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9/26/2016 10:50:27 AM
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9/26/2016 10:50:01 AM
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Resolution/Ordinance
Res Ord Num
R2016-110
Res Ord Title
AUTHORIZING CITY MANAGER TO EXECUTE INSURANCE COVERAGE FOR PROPERTY, LIABILITY AND WORKERS COMPENSATION FOR THE CITY OF DECATUR, ILLINOIS FOR THE POLICY PERIOD OCTOBER 1, 2016 TO OCTOBER 1, 2017
Approved Date
9/19/2016
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City Of Decatur <br /> TRIA Form <br /> ACrENCY CUST061ER ID_ <br /> ..'..� . <br /> AC�R�° INSURANCE SUPPLEMENT <br /> A4ENl'( CARRIER tA/:L�:f <br /> Arthv J.GaYagher AIX�pecalry Inwrance Car�arry t��33 <br /> hR.;•_.M,sMHER APh..w.0.�7'�rv4NED.l].�ttEL� <br /> Qt:IX3�1M�Ilh! i.fl�Of QEG'iWf.�� <br /> POLIc;YHOLDER DISCLOSURE <br /> FJ4TICE OF TERRORISM INSURANCE COVERAGE <br /> i'ou are hcreby nonfied that under the Terrorism R�sk lnsurance Act,as amended,yrou have a right to purchase <br /> insurence co�erage far los;res resutting from 3cts of tenonsm.As defincd in Section 10^_(1}of ihe Act:The term <br /> �act of terrorism°mear�s any act or acts that are certified by the Sccretary of the Treasury—in consultation with <br /> the Secretary of Hometand Security.and the Attomey General of the United�tates--to be an aci of terrorism.to <br /> be a violent act or an aci that is dangerous to human life,propetry a Infrasiruct��;to have resulied in tlamage <br /> within the Urrted�tates.or ou�.ide the United States in the case of cestain air carri�rs or��ssels or the premises <br /> of a United 5tatee,mission: and ro have lyeen commetted try an individual a indiv�uals as part a#an effort Lo <br /> ccerce the civilian popuiaUon of ihe United States or to influence the policy or affect the con�duct of the United <br /> States Govemmeni by ccercion. <br /> YOU SHQULD KNOW THAT WHERE Cd'iER.�GE IS PRO'IIDED Bt THI� POL1Cti' FOR LOSSES <br /> RESULTING FROM CERTIFIED ACTS OF TERRORISM. :,Uc:H LO�SES MAr�BE PaRTtA.LL�r REIMBURSED <br /> BY THE UNITEd STATE= GOVERNMENT UNDER A FORMULA ESTABLISliED BY FEDERAL LA'JV. <br /> HOWE`:`Ea 'rOUR PO�IC'Y MAY CONTAfN OTHER EkCLU�IONS 'NHICH MIGHT AFFECT 'YOUR <br /> CO'JERi,GE. S�CH AS AN EXCLUSION FOR NUCtEAR E':'ENTS. UNDER THE FORMU�. THE UNITED <br /> �TATES GC3'.'ERtJMENT GENERAILY REIMBURSES 85'�6 THROUGH�15:84°�b BEGINPdIN�ON JANUARY' <br /> 1 201h.83%BEGIPINING ON JANUARY 1,�D17.9�°b BEGINNING ON JaNUA.R'r i,'C�18 81°t6 BE(31NN11*JG <br /> ON JANUAR'v 1, '�di5 anC 80°� BEGINNING ON J+�NUA.RY 1, �D�O. OF C�'�:`EREG TERRt�RISM LOSSES <br /> EXCEEDING THE STATUT�ORILY ESTABtISHE� �EDUCTIBLE PAID 6'r THE i�'tSURiiNCE �CdMPAPJti' <br /> PRp'�:IDING THE CO'';`ERAGE. THE PREMIUM GHARGED FQR THIS CO`.'ERHGE IS PRQ'�'IDED BELOW <br /> AND DC?ES NQT INCLUDE kNY CHARGES FOR THE PC7RTIOfiJ OF LO��� THv.T MAY BE COVERED BY <br /> THE FEDERr1L G�`iERNMENT UNDER THE ACT. <br /> 'rOU SHOULD ALSO KNO'�1 THAT THE TERRORISM RISK IN�URANCE��T.AS AMEP�OED,COPJTAIP�S A <br /> $100 BILLION CAP THAT IIMITS U.S- GC�`:ERNMEhJT REIMBURSEMENT A;, 'JU'ELL AS INSURERS' <br /> LtA.BfLiT'r' FOR LC�SSES RESULTING FROM CER7IFIED ACTS C7F TERRORiS'1�A'vVHEI`J THE AMOUNT OF <br /> SUCH LOSSES IM .4NY`c�NE CALEhlDAR �'EAR E�iCEEDS S1DL�BILU�N_ IF THE A.GGREt�;,TE!FISURED � <br /> LOS.`.:,ES FOR ALL ItJSUt�ER.�i EXCEED 5104 BILLION,YOUR CO','ER,4GE M:,Y 6E REDUCED. <br /> Acceptance or Rejection of Terrorism Insurance Coverag� I <br /> � I hereby elect to purchase terronsm coverage far a prospecti�Je premium cf S ',238 <br /> n I hereby decline to purchase terrorism coverage ior certified acts ofi[eirarism. I�nderstand that'wiil have <br /> no covarage for!o„�s�esulting ftom cerbfied ac�of ternansrn. <br /> Policyholder!Applicant's S ignature Print Name Date <br /> . PdicyFwlder JApplicant's Signature . � Print N.ame . . DaM <br /> Policyiqlder!Applicant's Sipnature Prin[Name Date <br /> Effec4ve Date <br /> Includes copyrighted material of the Natianal Assoaado�of Insurance Commissioners,with its permissan. <br /> ACORD 6�US(2015J01) �2003-2015 ACORD CORP4RATION Alf rights reserved. <br /> The ACORD naane and logo are rrgistered marks of ACORD <br /> Arthur J.Gallagher Risk Management Services,Inc. <br /> 52 <br />
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