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Additionally, because our new broker/consultant, Lockton Companies, does not receive <br />commissions from excess loss/reinsurance premiums, we requested Florida Blue provide a <br />renewal removing the 10% broker commissions. <br />As a result, the renewal is Tess than our current excess loss/reinsurance premiums and maintains <br />the same level of plan protection as indicated below. <br />Option <br />Specific <br />Deductible <br />Aggregate <br />Specific <br />Deductible <br />Annual Fixed <br />Premium <br />Increase/ <br />(Decrease) <br />from Current <br />% Increase/ <br />(Decrease) <br />Current <br />$300,000 <br />$148,750 <br />$497,193 <br />N/A <br />N/A <br />Renewal <br />$300,000 <br />$148,750 <br />$492,914 <br />($4,279) <br />(.86%) <br />RECOMMENDATION: <br />Staff recommends that the Board approve the agreement for the renewal option with Florida <br />Blue for the County's excess loss/reinsurance policy for plan year 2017/2018 and authorize the <br />Chairman to execute the renewal agreement. <br />ATTACHMENTS: <br />Indian River County Self -Funded Reinsurance Renewal 2017/18 <br />P257 <br />