2023-09-05 VIII. B. Exhibit 6 "Qs 4C • • Exhibit 6
.` S\ 09/05/2023
PR' zl
M )~l CITY OF OKEECHOBEE
p 10p% 2023 - 2024 RENEWAL PROPOSAL
`'L PROPERTY & CASUALTY INSURANCE
PRESENTED: AUGUST 22, 2023
PROPOSAL PRICING& BINDING AUTHORITY
AFTER CAREFUL CONSIDERATION OF THE REFERENCED PROPOSAL,WE ACCEPT YOUR INSURANCE PROGRAM AS
INDICATED WITH AN "X" BELOW:
PROPERTY & CASUALTY COVERAGES PREMIUM BREAKDOWN BIND
2022—2023 2023—2024 %CHANGE YES No
PRM PROPERTY& CRIME $79,854 $95,185 X
PRM GL/LEL/AL/E&O/ExcEss LIABILITY $102,378 $113,719
PRM WORKERS' COMPENSATION $131,858 $141,582
PREFERRED MEMBER PARTICIPATION CREDIT -$4,711 -$5,257 •
GRAND TOTAL $309,379 $345,229 11.59%
OPTIONAL/ANCILLARY COVERAGES
CYBER LIABILITY INCLUDED INCLUDED x
PRM EQUIPMENT BREAKDOWN N/A $506 ..�.,
POLLUTION LIABILITY N/A N/A
AVIATION LIABILITY N/A N/A
PAYMENT PLAN: PRM ALLOWS THEIR MEMBERS TO PAY THEIR TOTAL COSTS IN FOUR(4)QUARTERLY INSTALLMENTS. THE
FIRST INSTALLMENT IS DUE AT INCEPTION AND IS EQUAL TO 25%OF ALL COSTS. THE REMAINING COSTS WILL BE PAID OVER THE
NEXT THREE(3)QUARTERS.
THIS WARRANTS THAT YOU HAVE NO KNOWLEDGE OF ANY CLAIM,OR INCIDENT THAT MAY RESULT IN A CLAIM,THAT HAS NOT
BEEN REPORTED TO THE INSURANCE CARRIER.
IT IS UNDERSTOOD AND AGREED THAT REFERENCED PROPOSAL PROVIDES ONLY A SUMMARY OF THE INSURANCE PROGRAM
OPTIONS OFFERED. THE ACTUAL POLICIES WILL CONTAIN THE COMPLETE TERMS,CONDITIONS, DEDUCTIBLES, EXCLUSIONS,
ETCETERA. PLEASE REVIEW POLICY LANGUAGE FOR A FULL UNDERSTANDING Of PURCHASED PROGRAM.
Member Signature Date
Print Member Name
SIGNED BINDING AUTHORITY TO BE RETURNED BY 09/15/2023
THIS DOCUMENT IN ITS ENTIRELY IS CONFIDENTIAL& PROPRIETARY IN NATURE-NOT FOR PUBLIC RECORD.
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