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Wherever possible insurance policies will be placed to allow payment of premium to be made by the <br />City directly to the insurance company. <br />As total compenssa�tio�n for the services provided to the City as described below, the City will pay to the <br />Agent a fee o $,000 for the contract year, $ for the Ee9'9=1 year aid- $- --fet e— <br />r. <br />Z001 . 1530 2XP1 <br />SERVICES <br />The agent will perform for the City the following services: <br />• Advise and assist the City in assembling and accurately reporting underwriting data. Update <br />property values for rating purposes. <br />• Advise and assist the City in evaluating and selecting among coverage alternatives, such as <br />deductibles, limits, optional coverages, alternative coverage forms, etc. <br />• Review coverage documents and invoices to assure coverage has been correctly issued and <br />billed. Advise the City on potential gaps or overlaps in coverages, <br />• Assist the City as requested in submitting claims and interpreting coverage as applied to <br />particular claims. <br />• Review loss reports for correct reporting, appropriate reserves, etc. <br />• Assist the City in identifying risk exposures and developing appropriate strategies to address <br />those exposures. <br />TERMINATION <br />This agreement may be terminated by either party upon (60) sixty days written notice to the other party. <br />. T. C. FIELD & COMPANY CITY OF Ramsey <br />By: B y : <br />Date: Date: <br />—1 7 CC:\Documents and Settings \Ienz \Local Settings \Temporary Internet Files \0LK30 \Fee Agreement City of Ramsey 2008 (3).doc <br />