2021-676-E-Risk Mgr-Alliant Insurance Services-Insurance Brokerage

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DocuSign Envelope ID: 17405374-3F52-4EE3-A40B-COBD1EOB0058 G.❑ Provide additional broker services as agreed upon by the PARTIES. H.❑ ALLIANT'S goal is to procure insurance for CLIENT with underwriters possessing the financial strength to perform. To that end, ALLIANT regularly reviews publicly available information concerning an underwriter's financial condition. ALLIANT does not,however, guarantee the solvency of any underwriters with which insurance or reinsurance is placed and CLIENT recognizes and agrees that ALLIANT maintains no responsibility for any loss or damage occasioned by reason of the financial failure or insolvency of any insurer. ALLIANT encourages CLIENT to review the publicly available information collected by ALLIANT to enable CLIENT to make the ultimate decision of accepting or rejecting a particular underwriter. I.❑ Deliver binders or other evidences of insurance after the placement of any insurance under the PROGRAM to be effective until such time as the policy or policies for the placement are received by CLIENT from the insurance carriers. Such binders shall be signed by an authorized agent or employee of the insurance carrier. J.❑ ALLIANT shall use best efforts to secure a correct policy or policies of any insurance under the PROGRAM. K.❑ ALLIANT shall not be responsible for the failure of CLIENT to make premium payments. V.❑ COMPENSATION A.[I Annual Fee. As compensation for the SERVICES, CLIENT shall pay to ALLIANT$45,000 per year for the December 1,2021-November 30,2022, December 1, 2022-November 30,2023, and December 1, 2023-November 30, 2024 policy years. Any mutually agreed extensions to this AGREEMENT shall include negotiation of the FEE prior to the expiration of the then current term. Should CLIENT elect to move insurance coverages from the North Carolina Association of County Commissioners Risk Management Pool, an additional fee of up to $17,500 per year will be owed in addition to the FEE outlined above. 1.❑Changes in SERVICES. The FEE is subject to adjustment if CLIENT creates a new PROGRAM other than those listed in Addendum A, requests a change in SERVICES or if the CLIENT's size or organization changes to alter the time involved in the SERVICES. Tasks or functions that are not presently included in the SERVICES may be available on a "per service basis" for a separate fee. 2.❑Early Cancellation. If this AGREEMENT is terminated or canceled mid-year, and within the first three hundred (300) days of the PROGRAM year, then the FEE shall be prorated with a minimum of Alliant Broker Services Agreement(Public Entity) 3