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2022-252-E-County Mgr-Travelers Insurance-Work comp coverage
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2022-252-E-County Mgr-Travelers Insurance-Work comp coverage
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Last modified
7/5/2022 10:14:29 AM
Creation date
7/5/2022 10:14:12 AM
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Template:
Contract
Date
6/30/2022
Contract Starting Date
6/30/2022
Contract Ending Date
7/1/2022
Contract Document Type
Contract
Amount
$227,358.00
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Version 02.01.22 2022 Program Exhibit Orange County Page 13 <br />CA Form - W04M8F19 <br />© (2019) The Travelers Indemnity Company. All rights reserved <br />The Medical Cost Containment Components are charged pursuant to the Allocated Loss Adjustment Expense Exhibit to the <br />Insurance Program Agreement. Allocated Loss Adjustment Expense has the same meaning as “Allocated Loss Adjustment <br />Expense”, “ALAE” or “claim expense” in any applicable Policy, or, if the Policy has no such definition, it shall have the <br />same meaning as set forth in the Allocated Loss Adjustment Exhibit. <br />Savings Expense Fee Percentage of <br />Savings Achieved <br />27% <br />(2) NON-LOSS RESPONSIVE RATING PLAN <br />Non-Loss Responsive Premium Formula <br />(other than Guaranteed Cost Policies) <br />Non-Loss Responsive Rate(s) x Corresponding Exposure Base(s), but in no event <br />less than any stated Minimum Non-Loss Responsive Premium shown in the Non- <br />Loss Responsive Premium section of this Program Exhibit (below). <br />NON-LOSS RESPONSIVE PREMIUM <br />TYPE OF COVERAGE RATE MINIMUM <br />AMOUNT <br />ESTIMATED <br />AMOUNT <br />Workers Compensation Deductible <br />Premium <br />$0.2767 Per $100 of Audited Total WC Payroll <br />Excluding Monopolistic States Payroll <br />$152,583 $152,583 <br />TOTAL ESTIMATED NON-LOSS RESPONSIVE PREMIUM $152,583 <br />Your premium amounts referenced above will include any residual market charges which may be assessed by the various states. <br />(3) SURCHARGES AND ASSESSMENTS <br />You will pay Surcharges and Assessments pursuant to individual state law or regulation. Surcharges and <br />Assessments are exclusive of, and in addition to, your Rating Plans <br />CHARGE TYPE RATE DEPOSIT/ESTIMATED <br />AMOUNT <br />TOTAL CHARGE INCLUDED IN THE INSTALLMENT SCHEDULE $0 <br />THE FOLLOWING APPLY TO YOUR PROGRAM: AMOUNTS RETAINED BY <br />YOU, ESTIMATED MAXIMUM AND MINIMUM BILLED AMOUNTS AND <br />ESTIMATED EXPOSURES <br />AMOUNTS RETAINED BY YOU <br />Workers Compensation and Employers Liability Loss including ALAE a$300,000 <br />DocuSign Envelope ID: FCD9FE56-CF01-4E96-B983-B8E8DFE6811C
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