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10/08/91
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10/08/91
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6/9/2025 4:27:31 PM
Creation date
12/11/2003 3:32:58 PM
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Meetings
Meeting Document Type
Agenda
Document Title
Budget Committee
Document Date
10/08/1991
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more than one year, only a yearly pro-rate credit shall be included in <br />the calculation of "A' compensation dunng each annual period said <br />insurance is in effect. <br /> <br />If permitted by Insurance companies, only net premium charges <br />shall be made in ever,), Insurance placement irrespective of the level <br />of compensation incurred. <br /> <br />If payments received by "A" exceed the total compensation, <br />"CLIENT" shall request "A" to perform additional Risk <br />Management services, other than the placement of Insurance, equal <br />m value to such excess. If, however, "CLIENT" does not request <br />such additional services, then "A" shall remit such excess to <br />"CLIENT", and this total compensation provision is hereby <br />incorporated in any Insurance placed by "A' on behalf of <br />"CLIENrITM' :, <br /> <br />D. Invoice <br /> <br />For the service specified, "A" shall be entitled to total compensation <br />as specified above and as billed. The invoice provided by "A" shall <br />contain an itemized statement of services provided, time expended, <br />and persons providing said service. <br /> <br />V. pcrfgrmance <br /> <br />"CLIENT" agrees to make available to "A" all necessary financial and <br />operating data essential to the performance of services described in Article <br />III. "CLIEN'T" shall provide access to its premises and properties and such <br />written authorization as shall be required by rating bureaus, Insurance <br />companies or similar organizations. "CLIENT" agrees to appoint "A" <br />Agent of Record or Broker of Record for all Insurance Companies <br />marketing products through the Agency System. <br /> <br />Page 11 <br /> <br /> <br />
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