HomeMy WebLinkAbout#5137 Guardian Insurance RESOLUTION NO. i 37
A RESOLUTION APPROVING A RENEWAL RATE AND POLICY BETWEEN THE
CITY OF CANTON AND GUARDIAN INSURANCE FOR THE GROUP DENTAL,
BASIC LIFE,AD&D,VOLUNTARY LIFE AND VOLUNTARY VISION,AND
DIRECTING THE MAYOR AND CITY CLERK TO EXECUTE AND DELIVER SAID
AGREEMENT ON BEHALF OF THE CITY OF CANTON,ILLINOIS
WHEREAS, the Insurance Committee of the City of Canton has determined that it is necessary
and in the best interest to approve the renewal rate and policy with Guardian Insurance for the
City's Dental, Basic Life, AD&D, Voluntary Vision and Voluntary Life insurance as set forth in
Exhibit A attached hereto and incorporated herein; and,
WHEREAS,the City Council of the City of Canton has made a similar determination.
WHEREAS the renewal rate will become effective May 1, 2018.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and the City Council of the City of
Canton, Illinois,as follows:
1. That the Renewal Rate attached hereto and incorporated herein as Exhibit A was hereby
approved by the Canton City Council.
2. That the Mayor and City Clerk of the City 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, Illinois and approval of the Mayor thereof. ^^ ''�
PASSED by the City Council of the City of Canton, Illinois at a regular meeting this Ul .ay of Y i h
upon a roll call vote as follows: 9-1“-y9.
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AYES: eNreta taClCr L'�`C Luc-'1.i >
NAYS: NUnC
ABSENT: ati C, ''II II //
APPROVED: U,
eM cDowell, Mayor
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ATTEST:
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W
flit avley-Rock, City Clerk
CITY OF CANTON
GROUP PLAN#00539043
Renewal Premiums At-a-Glance
EMPLOYER-SPONSORED COVERAGE
Coverage Current Annual Renewal Annual % Change
Dental $74,785 $74,765 0%
Basic Life $15,884 $15,864 0%
AD&D $1,481 $1,481 0%
TOTAL $92,110 $92,110 0%
KEY POINTS OF INFORMATION REGARDING PLAN PRICING
Premiums shown.above reflect a multi-line discount. if you do not wish to renew all lines of coverage,
please contact us for revised pricing.
Product-apeclfc rates shown In this package have been determined based on a number of
factors, Including: • Employee age and gender • Group location
. Changes In group size • Claims experience(when applicable)
EMPLOYEE-PAID VOLUNTARY COVERAGE
Coverage Current Annual Renewal Annual % Change
Voluntary Vision $20,404 $20,404 0%
Voluntary We $4,878 $4,878 0%
Guardian LIN Insurance Company of America