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City of Santa Ana /% CORE 360' <br /> err <br /> qli//o s Gamer <br /> The following disclosures are hereby made a part of this proposal. Please review these disclosures prior to signing the Client Authorization to <br /> Bind or e-mail confirmation. <br /> Proposal Disclaimer <br /> IMPORTANT:The proposal and/or any executive summaries outline certain terms and conditions of the insurance proposed by the insurers, <br /> based on the information provided by your company. The insurance policies themselves must be read to fully understand the terms,coverages, <br /> exclusions,limitations and/or conditions of the actual policy contract of insurance. Policy forms will be made available upon request. We make <br /> no warranties with respect to policy limits or coverage considerations of the carrier. <br /> Compensation Disclosure <br /> 1. Gallagher Companies are primarily compensated from the usual and customary commissions,fees or,where permitted,a combination of <br /> both,for brokerage and servicing of insurance policies,annuity contracts,guarantee contracts and surety bonds(collectively"insurance <br /> coverages")handled for a client's account,which may vary based on market conditions and the insurance product placed for the client. <br /> 2. In placing,renewing,consulting on or servicing your insurance coverages,Gallagher companies may participate in contingent and <br /> supplemental commission arrangements with intermediaries and insurance companies that provide for additional compensation if certain <br /> underwriting,profitability,volume or retention goals are achieved.Such goals are typically based on the total amount of certain insurance <br /> coverages placed by Gallagher with the insurance company,not on an individual policy basis. As a result,Gallagher may be considered to have <br /> an incentive to place your insurance coverages with a particular insurance company.If you do not wish to have your commercial insurance <br /> placement included in consideration for additional compensation,contact your producer or service team for an Opt-out form. <br /> 3. Gallagher Companies may receive investment income on fiduciary funds temporarily held by them, or from obtaining or generating premium <br /> finance quotes,unless prohibited by law. <br /> 4. Gallagher Companies may also access or have an ownership interest in other facilities, including wholesalers,reinsurance intermediaries, <br /> captive managers, underwriting managers and others that act as intermediaries for both Gallagher and other brokers in the insurance <br /> marketplace some of which may earn and retain customary brokerage commission and fees for their work. <br /> If you have specific questions about any compensation received by Gallagher and its affiliates in relation to your insurance placements, please <br /> contact your Gallagher representative for more details. <br /> TRIA/TR/PRA Disclaimer <br /> If this proposal contains options to purchase TRIA/TRIPRA coverage,the proposed TRIA/TRIPRA program may not cover all terrorism losses. <br /> While the amendments to TRIA eliminated the distinction between foreign and domestic acts of terrorism,a number of lines of coverage <br /> excluded under the amendments passed in 2005 remain excluded including commercial automobile, burglary and theft insurance;surety <br /> insurance,farm owners multiple perils and professional liability(although directors and officers liability is specifically included). If such excluded <br /> coverages are required,we recommend that you consider purchasing a separate terrorism policy.Please note that a separate terrorism policy <br /> for these excluded coverages may be necessary to satisfy loan covenants or other contractual obligations.TRIPRA includes a$100 billion cap <br /> on insurers'aggregate liability. <br /> TRIPRA is set to expire on December 31,2027.There is no certainty of extension,thus the coverage provided by your insurers may or may not <br /> extend beyond December 31,2027. In the event you have loan covenants or other contractual obligations requiring that TRIA/TRIPRA be <br /> maintained throughout the duration of your policy period,we recommend that a separate""Stand Alone""terrorism policy be purchased to satisfy <br /> those obligations. <br /> 39 <br /> i <br /> ��� JJ it I�11III1111�D��1llll lUlll� JJ��Il <br /> _ _ ,,,,,,,,,,,I�Illlllllllllllll���«������«����«Il�iiii��illi������������ii�oiii�illfIIIIIIIff0111111IIIIl011IIIIII��I�IOI � �� ����������� II III011lllf I���I���I�I��I�IIIIII�(O�I��I��IIIIIII��I���II�III��IIIIIIIIIIOII IIII��I�I��I�IIIIII�III������IIIII Il���l���f I���IIIII <br />