Browse
Search
2024-731-E-Risk Mgr-Alliant Insurance Services-Broker Services
OrangeCountyNC
>
Board of County Commissioners
>
Contracts and Agreements
>
General Contracts and Agreements
>
2020's
>
2024
>
2024-731-E-Risk Mgr-Alliant Insurance Services-Broker Services
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/26/2024 3:18:19 PM
Creation date
11/26/2024 3:18:07 PM
Metadata
Fields
Template:
Contract
Date
11/21/2024
Contract Starting Date
11/21/2024
Contract Ending Date
11/21/2024
Contract Document Type
Contract
Amount
$62,500.00
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
33
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
cost, service, and stability. <br /> <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 $62,500 per year for the December 1, 2024- November 30, 2025, <br />Any mutually agreed extensions to this AGREEMENT shall include <br />negotiation of the FEE prior to the expiration of the then current term. <br /> <br />Changes in SERVICES. The FEE is subject to adjustment if CLIENT <br />creates a new PROGRAM other than those listed in Addendum A, requests <br />a change in SERVICES or if the CLIENT’s size or organization changes to <br />alter the time involved in the SERVICES. Tasks or functions that are not <br />presently included in the SERVICES may be available on a “per service <br />basis” for a separate fee. <br />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 />twenty-five percent (25%) deemed earned. The FEE shall be deemed <br />fully earned if termination occurs after three hundred one (301) days of <br />the PROGRAM year. In the event of a mid-term termination of this <br />AGREEMENT by either PARTY, all excess COMPENSATION will be <br />Docusign Envelope ID: 900D8F9B-814C-40AE-852C-9F135EC6ECAE
The URL can be used to link to this page
Your browser does not support the video tag.