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Item 15 - Renew Citywide Insurance Program and Policies Procured through Independent Cities Risk Management Authority and Arthur J. Gallagher
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Item 15 - Renew Citywide Insurance Program and Policies Procured through Independent Cities Risk Management Authority and Arthur J. Gallagher
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7/30/2025 4:59:33 PM
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City Clerk
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Agenda Packet
Agency
Human Resources
Item #
15
Date
8/5/2025
Destruction Year
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IMPORTANT NOTICE: <br /> 1. The insurance policy that you are applying to purchase is being issued <br /> by an insurer that is not licensed by the State of California. These companies <br /> are called "nonadmitted" or "surplus line" insurers. <br /> 2. The insurer is not subject to the financial solvency regulation and <br /> enforcement that apply to California licensed insurers. <br /> 3. The insurer does not participate in any of the insurance guarantee <br /> funds created by California law. Therefore, these funds will not pay your <br /> claims or protect your assets if the insurer becomes insolvent and is unable <br /> to make payments as promised. <br /> 4. The insurer should be licensed either as a foreign insurer in another <br /> state in the United States or as a non-United States (alien) insurer. You <br /> should ask questions of your insurance agent, broker, or "surplus line" <br /> broker or contact the California Department of Insurance at the toll-free <br /> number 1-800-927-4357 or internet website www.insurance.ca.gov. Ask <br /> whether or not the insurer is licensed as a foreign or non-United States <br /> (alien) insurer and for additional information about the insurer. You may <br /> also visit the NAIC's internet website at www.naic.org. The NAIC—the <br /> National Association of Insurance Commissioners—is the regulatory <br /> support organization created and governed by the chief insurance <br /> regulators in the United States. <br /> 5. Foreign insurers should be licensed by a state in the United States and <br /> you may contact that state's department of insurance to obtain more <br /> information about that insurer. You can find a link to each state from this <br /> NAIC internet website: https://naic.org/state_web_map.htm. <br />
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