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2005-346
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2005-346
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Entry Properties
Last modified
8/11/2016 11:13:18 AM
Creation date
9/30/2015 9:20:11 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
10/11/2005
Control Number
2005-346A
Agenda Item Number
7.S.
Entity Name
Underground Utilities, Inc.
Subject
Fire Hydrant and 10 water service
Supplemental fields
SmeadsoftID
5233
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BK : 1959 PG : 1890 <br /> * * Old Republic Surety Company <br /> * OLD REPUBLIC 1025 South Semoran Blvd . , Suite 1085 , Winter Park , FL 32792 <br /> * * (800 )-277 -2663 ) <br /> DATE : 10/ 13/ 05 <br /> O ! �_ Rel_, bhc Insurance Company ( Old Republic ; as anent for , <br /> Old Republic Surety Company , Bituminous Casualty Corporation , and <br /> International Business & Mercantile REassurance Co. <br /> TO BE ATTACHED TO AND FORM PART OF CONTRACT BOND NUMBER : OCN558287 <br /> PRINCIPAL Underground Utilities , Inc . <br /> ORI- IGFF Indian River (,oun� y Board of County Commissioners <br /> RIDER - POLICYHOLDER DISCLOSURE <br /> NOTICE OF TERRORISM INSURANCE COVERAGE <br /> Rider has been provided to Principal and Obligee . <br /> , t:) ,rera9 = for acts of terror -r s s included in the capticmed bond . You snould knout that, effective Novemb•_ r 6 . <br /> 21`D ^ 2 . under that bond . any ! osses caused by certified acts of . terrorism would be partially reimbursed by the <br /> Jr � ted Slates under a formula established by federal law Under this formula , the United States pays 9011/- <br /> ; ed terrorism losses exceeding the statutorily established deductible paid by Old Republic . The established <br /> ar tAa d eductibie is eaual to of the prior years direct earned premium written by Old Republic for losses <br /> Heil n , .'_ OC .; t0 % for loc. se •; ncurred in 2004 , and 15 % for losses incurred in 2005 . Payment for a loss <br /> will not <br /> d the " mit of ! iatbihtV under this bond . This bond will not pay for any portion of certified terrorism loss beyond <br /> any applicable annual liability cap set forth in the Act . The terms of this rider do not provide coverage for any loss <br /> that would otherwise be excluded by the terms of this bond . <br /> As defined in Section 1042 ( 1 ) of the Terrorism Risk Insurance Act of 2002 , a certified "act of terrorism " means any <br /> a ,:. ' that is cert , tied by the Secre- tary of the Treasury in concurrence with the Secretary of State and the A.ttr ,Hey <br /> ; ' i ! ec to be an act of Perron . m To he certified , the act of terrorism must be : 1 ) a vroient <br /> 3C ' or a ^ act that ; s rr :3ng _ rolis tc human life , property or infrastructure ; 2 ) have resulted in damage within tha <br /> r. ' ted Status oWs! de the 0nited,States in the case of an air carver or vessel , or the premises of a Uniteu <br /> States -n rsioe ? nd 31 have teen committed by an individual or individuals acting on behalf of any foreign person <br /> or foreign interest , as part of an effort to coerce the civilian population of the United States or to influence the <br /> policy or affect the conduct of the United States Government by coercion . <br /> You have a right to purchase insurance coverage for losses arising from terrorism , or you may choose to reject <br /> the purchase <br /> SELECTION OR REJECTION OF TERRORISM INSURANCE COVERAGE <br /> The premum you have been charged for this bond includes terrorism coverage , for a premium of $ 7 , 00 <br /> which you must pay within 30 days of this offer . THE PREMIUM CHARGED FOR THIS COVERAGE DOES NOT <br /> INCLUDE ANY CHARGES FOR THE PORTION OF LOSS COVERED BY THE FEDERAL GOVERNMENT UNDEt2 <br /> THE ACT . <br /> Note : If You refect the coverage , you must check the box below, sign this form and return it to the <br /> address shown above . The premium will be credited_ <br /> I hereby elect to have the exclusion of terrorism coverage apply to this bond . I understand that I will have no <br /> coverage for losses arising from acts of terrorism . <br /> The undersigned agrees that this election will apply only to this bond, <br /> James E . Lee Bond bligee ' s Signature <br /> Vice President - Old Republic Insurance Company zi 4! <br /> President - Old Republic Surety Company Print Name fl <br /> Vice President - Bituminous Casualty Corporation <br /> Vice President - International Business & Mercantile /d /rJ? — dS <br /> REassurance Co . Date <br /> ORSC 22836 ( 112003 ) Attach to all contract bonds as a cover page . A TRUE COPY <br /> CERTIFICATION ON LAST PAGE <br /> J. K. BARTON, CLERK <br />
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