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Indian River County Board of County Commissioners Executive Summary The following definitions apply tothis endorsement: 1. Incurred loss ratio means thesum ofall incurred losses during the policy period divided bythe total premium paid bvthe Insured inconsideration for this Policy. 2. Incurred losses means the sum of paid losses plus reserved losses during thepolicy period. The Company shall set such reasonable reserves atits sole discretion. Below is an historical overview: Expqsyre Premium Annual Rate The County will need to continue the audit the current policy and the County will need to provide the rental expenditure for leased equipment. Terrorism Prooerty, NCBR Property & Terrorism Liability including NCBR The all locations currently reported onyour Property program, and inland marine schedule. The total insured value for this renewal ioS4OS.7S5.O23;a1.Q8Y6exposure increase. The NCBR Property Damage coverage and Terrorism Liability including NCBR terms and conditions are per expiring. Thenanmwo|premium isS18.77S;aPat premium renewal. The Terrorism Property Damage policy renewal premium is $8,500aflat premium renewal. The Terrorism policy will remain cmthe Vehicle A form which follows your all risk placement with subKmh that override the all-risk inrespect $oterrorism only. These subNnitoinclude Claims Preparation, Transit, Seepage Contamination and Pollution /C|ean-up.etc. The policy provides financial loss aearesult ofa threat, loss of attraction including non -damage to the insured out to a 2.5 mile radius from an insured location and denial of access including non -damage out of 2.5 mile radius from an insured location. VVealso requested onoption for a three year policy subject to a5%rate decrease with annual installments subject hmnolosses ormajor reductions inexposure (2U%increase ininsured mdunJ 'Arthur nagernent Services Giliagba Risk Ma ' [nc.