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Home My WebLink About#5100 - agreement and enrollment with Illinois Counties Risk Management Trust for the group liability/property insurance RESOLUTION NO. _J/D A RESOLUTION APPROVING AN AGREEMENT AND ENROLLMENT BETWEEN THE CITY OF CANTON AND THE ILLINOIS COUNTIES RISK MANAGEMENT TRUST FOR THE GROUP LIABILITY/PROPERTY INSURANCE AND DIRECTING THE MAYOR AND THE CITY CLERK TO EXECUTE AND DELIVER SAID AGREEMENT ON BEHALF OF THE CITY OF CANTON ILLINOIS. WHEREAS,the City Council of the City of Canton,has determined that it is necessary and in the best interest to enter into an agreement with the Illinois Counties Risk Management Trust for the City of Canton liability/property insurance. • NOW,THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CANTON,FULTON COUNTY,ILLINOIS,AS FOLLOWS: I. That the agreement attached hereto and incorporated herein as Exhibit A was hereby approved by the Canton City Council. 2. That the Mayor and the City Clerk of Canton, Illinois,are hereby authorized and directed to execute and deliver said agreement on behalf of the City of Canton. 3. That this Resolution shall be in full force and effect immediately upon its passage by the City Council of the City of Canton,Fulton County,Illinois,and approval by the Mayor thereof. PASSED by the City Council of the City of Canton,Illinois, at a regular meeting this 25day of April, 2017, upon a roll call vote as follows: �UU2��, 1115 AYES: f erfir"4 JAC.f hew, 1&i- L& r, )".b.It, NAYSr ABSENT: AUornneO A.lck5Otj APPROVED: IPAllige Jeffrey A.Fritz, eyor ATT' Dian: flvl ock,City Clerk ILLINOIS COUNTIES RISK MANAGEMENT TRUST Insurance Program Proposal PREMIUM SUMMARY Named Insured: Canton, City of Program Year: 12/01/2016-12/01/2017 2 N Main St Effective Date: 12/01/2016- 12/01/2017 Canton, IL 61520 Quote Number 16/17 Canton Quote True Coverage Parts Premium General Liability $166,490 Law Enforcement Liability ncluded Commercial Auto ncluded Public Officials Liability-Claims Made ncluded Property, Inland Marine ncluded Equipment Breakdown ncluded Crime ncluded Spedal Coverage Not Requested Excess Liability $43,123 Total Annual Policy Premium: $209,613 Total Pro•Rated Policy Premium: $209,613 Acceptance Statement: Please accept this as a formal confirmation that all terms and conditions of the proposed Insurance program by the Illinois Counties Risk Management Trust are accepted effective 05/01/2017 Signature of Official Date ue 9 ,. ILLINOIS COUNTIES RISK MANAGEMENT TRUST Insurance Program Proposal TERMS AND CONDITIONS Named Insured: Canton,City of Program Year: 12/01/2016-12/01/2017 2 N Main St Effective Date: 12/01/2016- 12/01/2017 Canton, IL 61520 Quote Number: 16/17 Canton Quote Terms and Conditions: - Policy is only cancellable at program anniversary and after 30 day written notice is given. If required notice is not given,full estimated premium is earned, due and payable. - All terms and conditions of membership in the Illinois Counties Risk Management Trust are set forth in the Trust by-laws.A copy of this document Is available for your review. - The following must be received prior to binding: - Signed Acceptance Statement - Prior Acts Letter - ICRMT Application - Requested Payment Plan - ❑Annual ❑ 50/50 ❑25/6 - Note that all payment plans may not be available based on the effective date of coverage. - Contact Information (Primary,Claims,and Risk Management Contacts) 1 y °� le' h/7 Signature of Official Date 10-__ ILLINOIS COUNTIES RISK MANAGEMENT TRUST Insurance Program Proposal INVOICE Named Insured: Canton, City of Program Year: 12/01/2016- 12/01/2017 2 N Main St Effective Date: 12/01/2016. 12/01/2017 Canton, IL 61520 Quote Number: 16/17 Canton Quote Coverage Pails Premium General Liability $166,490 Law Enforcement Liability ncluded Commercial Auto ncluded Public Officials Liability-Claims Made ncluded Property, Inland Marine _ _ ncluded Equipment Breakdown ncluded Crime ncluded Special Coverage Not Requested Excess Liability $43,123 Total Annual Policy Premium: $209,613 Premium due by effective date of coverage Please make checks payable to: Illinois Counties Risk Management Trust 6580 Solution Center Chicago, IL 60677-6005 ,!r Date: IPMG -Program Administrator for ICRMT 225 Smith Road St. Charles, Illinois 60174 Re: Prior Acts/Loss Letter This is to confirm we have made our expiring carrier aware of all errors and omissions claims and incidents that could result in an errors and omissions claims. al not reported to current carder, please list incident that may give rise to a claim on this page) We confirm that continuous claims made coverage has been in force for the retroactive period(s) ICRMT is providing us (_DATE_)on Public Officials Liability and that the limits previously carried ($_AMOUNTS_)are the same as the retroactive limits provided by ICRMT. Further, to the best of my knowledge,the loss data supplied to Insurance Program Managers Group, LLC and the ICRMT for the purposes of evaluating our Entity for membership into the ICRMT property and casualty program has not materially changed. Please feel free to contact this office with any questions you may have. Sincerely, 2 ICRMT AUTO SUPPLEMENT ILLINOIS (To be completed and signed by the Named Insured) Named Insured Canton, City of UNINSURED/UNDERINSURED MOTORISTS COVERAGE Uninsured Motorists (UM) Insurance provides protection for damages as a result of bodily injury caused by a negligent motorist who has no insurance. Underinsured Motorists (UIM) coverage provides protection for bodily injury caused by a negligent motorist who does not have enough liability insurance to pay for the injuries caused. UIM coverage will apply only if your own UIM limit is higher than the bodily injury limit of the negligent motorist. Illinois law gives you the right to select UM coverage at a limit higher than the minimum limit required by law, but not higher than your policy's bodily injury liability limit. Please initial your choice below. I want to REJECT Uninsured/Underinsured Motorists coverage at the limit equal to my policy's bodily injury liability limit. I want to select Uninsured/Underinsured Motorists coverage at a limit lower than my policy's limit for bodily injury liability by initialing my choice below: I want a limit of$100,000. _Iwant alimit of I understand that I have the right to purchase Uninsured/Underinsured Motorists bodily injury coverage at limits equal to my policy's limit for bodily injury liability. In response to this offer, I have indicated my selection of limits above. I want Uninsured/Underinsured Motorists Coverage at the limit equal to my policy's bodily injury liability limit. Signature of Named Insured Date • __J 13 L .._