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<br /> <br /> <br />Dear ANI Member, <br /> <br />Your insurance broker has put your policy on our Direct Bill Program. We have developed this <br />more flexible billing system in response to feedback from our members. <br /> <br />Each month you will receive a statement documenting recent activity on your account. Similar to <br />a credit card statement, you will have the choice to pay off the entire balance or make the <br />minimum payment. Your first statement will require a minimum payment of 20% of the total <br />annual premiums. The second through ninth statements will require a minimum payment of <br />approximately 10% of the total annual premiums, plus any unpaid portion of the previous <br />minimum payment. In addition, the minimum payment will reflect adjustments for changes in <br />coverage, and a monthly finance charge. <br /> <br />Please note that a simple finance charge equivalent to 3.00 % APR will be applied each month to <br />any unpaid balances (excluding NAE Property and QBE Accident). This charge will be itemized <br />in the detail section of each statement. <br /> <br />We hope this more flexible payment method meets the needs of your organization. If you have <br />any questions or comments, feel free to call our finance department at 800-359-6422, ext. 6007. <br /> <br />Sincerely, <br /> <br />Kimberly Aday <br />CFO & Treasurer <br /> <br /> <br /> <br /> <br />DocuSign Envelope ID: 81A61471-345A-47F9-8A2D-36F7929A6637