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BEAN SPROUTS, LLC (2)
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BEAN SPROUTS, LLC (2)
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Last modified
2/11/2021 3:47:12 PM
Creation date
2/4/2021 5:20:57 PM
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Contracts
Company Name
BEAN SPROUTS, LLC
Contract #
A-2018-113-01
Agency
Parks, Recreation, & Community Services
Council Approval Date
5/1/2018
Expiration Date
9/17/2023
Insurance Exp Date
7/3/2021
Destruction Year
2028
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Limitation of Liability <br />The Act limits our liability to you under this policy. If <br />aggregate Insured Losses exceed $100,000,000,000 in <br />a calendar year and if we have met our Insurer <br />Deductible, we are not liable for the payment of any <br />portion of the amount of Insured Losses that exceeds <br />$100,000,000,000; and for aggregate Insured Losses up <br />to $100,000,000,000, we will pay only a pro rata share of <br />such Insured Losses as determined by the Secretary of <br />the Treasury. <br />Policyholder Disclosure Notice <br />1. Insured Losses would be partially reimbursed by the <br />United States Government. If the aggregate industry <br />Insured Losses exceed: <br />a. $100,000,000, with respect to such Insured <br />Losses occurring in calendar year 2015, the <br />United States Government would pay 85% of <br />our Insured Losses that exceed our Insurer <br />Deductible. <br />b. $120,000,000, with respect to such Insured <br />Losses occurring in calendar year 2016, the <br />United States Government would pay 84% of <br />our Insured Losses that exceed our Insurer <br />Deductible. <br />c. $140,000,000, with respect to such Insured <br />Losses occurring in calendar year 2017, the <br />United States Government would pay 83% of <br />our Insured Losses that exceed our Insurer <br />Deductible. <br />State <br />See Attached Schedule <br />Form WC 00 04 22 B Printed in U.S.A. <br />d. $160,000,000, with <br />respect to such <br />Insured <br />Losses occurring in <br />calendar year 2018, the <br />United States Government would pay <br />82% of <br />our Insured Losses <br />that exceed our <br />Insurer <br />Deductible. <br />e. $180,000,000, with <br />respect to such <br />Insured <br />Losses occurring in <br />calendar year 2019, the <br />United States Government would pay <br />81 % of <br />our Insured Losses <br />that exceed our <br />Insurer <br />Deductible. <br />f. $200,000,000, with <br />respect to such <br />Insured <br />Losses occurring in <br />calendar year 2020, the <br />United States Government would pay <br />80% of <br />our Insured Losses <br />that exceed our <br />Insurer <br />Deductible. <br />2. Notwithstanding item 1 above, the United States <br />Government will not make any payment under the <br />Act for any portion of Insured Losses that exceed <br />$100,000,000,000. <br />Schedule <br />Rate <br />The premium charge for the coverage your policy <br />provides for Insured Losses is included in the <br />amount shown in Item 4 of the Information Page or <br />in the Schedule below. <br />Premium <br />ew cF RAMwagementDMsian <br />Jy/\'x REVIEWED & APPROVED BY.- <br />V"° <br />--� Risk janagement Analyst <br />
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