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2021-676-E-Risk Mgr-Alliant Insurance Services-Insurance Brokerage
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2021-676-E-Risk Mgr-Alliant Insurance Services-Insurance Brokerage
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Last modified
12/2/2021 4:59:57 PM
Creation date
12/2/2021 4:54:50 PM
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Contract
Date
12/2/2021
Contract Starting Date
12/2/2021
Contract Ending Date
12/2/2021
Contract Document Type
Contract
Amount
$45,000.00
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DocuSign Envelope ID: 17405374-3F52-4EE3-A40B-COBD1EOB0058 <br /> B.❑ Third Party Brokers. ALLIANT may determine from time to time that it <br /> is necessary or appropriate to utilize the services of third party brokers(such <br /> as surplus lines brokers, underwriting managers, London market brokers, <br /> and reinsurance brokers) to assist in marketing the CLIENT insurance <br /> PROGRAM. Subject to the provisions herein,these third party brokers may <br /> be affiliates of ALLIANT(e.g., other companies of ALLIANT that provide <br /> services other than those included within the SCOPE OF SERVICES of this <br /> AGREEMENT), or may be unrelated third party brokers. Compensation to <br /> such third party brokers will not be part of ALLIANT'S FEE. <br /> C.❑ Indirect Income. "INDIRECT INCOME" means insurance carrier <br /> contingency arrangements. ALLIANT will accept these compensation <br /> incentives from insurers, if any, including contingent commissions, market <br /> service agreements (MSA), volume-based commission incentives and <br /> rebates on business placed on behalf of CLIENT within the SCOPE OF <br /> SERVICES of this AGREEMENT. The parties acknowledge that <br /> ALLIANT producers who solicit,negotiate, or place insurance products, or <br /> services for clients, including CLIENT, do not negotiate indirect income <br /> agreements with the carriers,nor do they receive any portion of the indirect <br /> income paid to ALLIANT. Nonetheless, the client may opt-out of having <br /> its premiums included in the calculation of indirect income by accessing the <br /> "opt-out" form from the link on Alliant's website: <br /> http://www.alliant.com/Legal-Notices/Pages/Disclosure-Policy.aspx. The <br /> "opt out" provision applies only to those accounts served directly by <br /> ALLIANT as a retail agent or broker. It does not apply to account <br /> placements for which ALLIANT's role is that of a wholesaler, MGA, or <br /> program administrator working with non-ALLIANT brokers who represent <br /> the client. The parties acknowledge that indirect income, if any, is <br /> determined by insurance carriers, and if the CLIENT does not opt-out, it <br /> remains the carriers' exclusive decision to include or exclude certain <br /> premiums in any calculation. The availability of information regarding the <br /> make-up of any indirect income payment is at the carrier's discretion. <br /> D.❑ Premium Financing. Upon CLIENT'S request, ALLIANT may provide <br /> CLIENT with assistance in obtaining a premium finance agreement with <br /> third party financing company. In some cases, the financing company may <br /> pay ALLIANT a fee for the placements facilitated by ALLIANT. <br /> VIL PERSONNEL. <br /> ALLIANT agrees KEY PERSONNEL as listed in Addendum B will be <br /> responsible for performance of the SERVICES described herein. Should such <br /> personnel become unavailable to perform SERVICES for CLIENT, ALLIANT <br /> agrees to replace, as soon as practicable but not to exceed 30 days, such personnel <br /> with individual(s) of comparable skills and experience as determined by <br /> ALLIANT'S evaluation and subject to CLIENT'S right of reasonable refusal. <br /> Alliant Broker Services Agreement(Public Entity) 6 <br />
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