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2015-067
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2015-067
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Last modified
3/30/2017 8:47:28 AM
Creation date
4/28/2016 12:23:35 PM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
04/07/2015
Control Number
2015-067
Agenda Item Number
8.F.
Entity Name
Arthur J. Gallagher Risk Management Services
Property and Casualty Insurance Broker Services
Subject
Insurance Property Casualty Agreement
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A TRUE COPY <br />13ERTIFICATION ON LAST PAGE <br />1 R SMITH. CLERK <br />on the policies and signed by an authorized representative of the insurer(s), providing that the <br />required notice of cancellation will be provided to COUNTY. <br />4.5.1.4 Renewal/Replacement Evidence. Until such time as the insurance is no longer <br />required to be maintained by BROKER, BROKER shall provide COUNTY with renewal or <br />replacement evidence of the insurance in the manner heretofore described no less than thirty <br />(30) days before the expiration or termination of the insurance for which previous evidence <br />of insurance has been provided. <br />4.5.1.5 Copies of Policies. Notwithstanding the prior submission of a Certificate of <br />Insurance, copy of endorsement, or other evidence initially acceptable to COUNTY, if <br />requested by COUNTY, BROKER shall, within thirty (30) days after receipt of a written <br />request from COUNTY, provide COUNTY with a certified copy or certified copies of the <br />policy or policies providing the coverage required by this Section 4.5. BROKER may redact <br />or omit, or cause to be redacted or omitted, those provisions of the policy or policies which <br />are not relevant to the insurance required by Section 4.5. <br />4.5.2 Qualification of BROKER's Insurers. <br />4.5.2.1 Insurers providing the insurance required by this Agreement for BROKER must <br />either be: (1) authorized by a subsisting certificate of authority issued by the State of Florida <br />to transact insurance in the State of Florida, or (2) except with respect to coverage for the <br />liability imposed by the Florida Workers' Compensation Act, an eligible surplus lines insurer <br />under Florida Statutes. <br />4.5.2.2 In addition, each such insurer shall have and maintain throughout the period for <br />which coverage is required, a Best's Rating of "A-" or better and a Financial Size Category <br />of "VII" or better according to A. M. Best Company. <br />4.5.2.3 If, during the period when an insurer is providing the insurance required by this <br />Agreement, an insurer shall fail to comply with the foregoing minimum requirements, as <br />soon as BROKER has knowledge of any such failure, BROKER shall immediately notify <br />COUNTY and immediately replace the insurance provided by the insurer with an insurer <br />meeting the requirements. Until BROKER has replaced the unacceptable insurer with an <br />insurer acceptable to COUNTY, BROKER shall be in default of this Agreement. <br />4.5.3 Description of BROKER Required Insurance. <br />4.5.3.1 Workers' Compensation and Employer's Liability Insurance. Such insurance <br />shall be no more restrictive than that provided by the Standard Workers' Compensation <br />Policy, as filed for use in Florida by the National Board on Compensation Insurance, without <br />restrictive endorsements other than those which are required by the State of Florida. The <br />minimum amount of coverage (inclusive of any amount provided by an umbrella or excess <br />policy) shall be: <br />Part One: "Statutory" <br />Page 4 of 9 <br />
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