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<br />Alliant Broker Services Agreement (Public Entity) 3 <br />G. Provide additional broker services as agreed upon by the PARTIES. <br />H. ALLIANT’S goal is to procure insurance for CLIENT with underwriters <br />possessing the financial strength to perform. To that end, ALLIANT <br />regularly reviews publicly available information concerning an <br />underwriter’s financial condition. ALLIANT does not, however, guarantee <br />the solvency of any underwriters with which insurance or reinsurance is <br />placed and CLIENT recognizes and agrees that ALLIANT maintains no <br />responsibility for any loss or damage occasioned by reason of the financial <br />failure or insolvency of any insurer. ALLIANT encourages CLIENT to <br />review the publicly available information collected by ALLIANT to enable <br />CLIENT to make the ultimate decision of accepting or rejecting a particular <br />underwriter. <br />I. Deliver binders or other evidences of insurance after the placement of any <br />insurance under the PROGRAM to be effective until such time as the policy <br />or policies for the placement are received by CLIENT from the insurance <br />carriers. Such binders shall be signed by an authorized agent or employee <br />of the insurance carrier. <br />J. ALLIANT shall use best efforts to secure a correct policy or policies of any <br />insurance under the PROGRAM. <br />K. ALLIANT shall not be responsible for the failure of CLIENT to make <br />premium payments. <br />V. COMPENSATION <br />A. Annual Fee. As compensation for the SERVICES, CLIENT shall pay to <br />ALLIANT $45,000 per year for the December 1, 2021- November 30, 2022, <br />December 1, 2022- November 30, 2023, and December 1, 2023- November <br />30, 2024 policy years. Any mutually agreed extensions to this <br />AGREEMENT shall include negotiation of the FEE prior to the expiration <br />of the then current term. Should CLIENT elect to move insurance coverages <br />from the North Carolina Association of County Commissioners Risk <br />Management Pool, an additional fee of up to $17,500 per year will be owed <br />in addition to the FEE outlined above. <br />1. Changes in SERVICES. The FEE is subject to adjustment if CLIENT <br />creates a new PROGRAM other than those listed in Addendum A, <br />requests a change in SERVICES or if the CLIENT’s size or organization <br />changes to alter the time involved in the SERVICES. Tasks or functions <br />that are not presently included in the SERVICES may be available on a <br />“per service basis” for a separate fee. <br />2. Early Cancellation. If this AGREEMENT is terminated or canceled <br />mid-year, and within the first three hundred (300) days of the <br />PROGRAM year, then the FEE shall be prorated with a minimum of <br />DocuSign Envelope ID: 17405374-3F52-4EE3-A40B-C0BD1E0B0058Docusign Envelope ID: 900D8F9B-814C-40AE-852C-9F135EC6ECAE