08-28-2013_2 PRIA Proposal revised VILLAGE OF NORTH PALM BEACH
PUBLIC RISK INSURANCE AGENCY
TABLE OF CONTENTS
Overview 1
The Agency of Public Risk Insurance Agency
An Introduction to Your Service Team
Preferred Governmental Insurance Trust
Preferred Board of Trustees and Risk Advisory Members
Claims Services&Safety and Risk Management Services
Workers' Compensation 2
Broker Recommendation/Premium Recapitulation 3
Notes of Importance
Compensation Disclosures
Carrier Financial Status
Guide to Best's Ratings
Items Required Prior to Binding 4
Drug Free and Safety Applications
Workers Compensation Application
MPRIA�
PUBLIC RISK NSURANCE AGENCY
VILLAGE OF NORTH PALM BEACH
THE AGENCY
Risk Management Associates, Inc. dba Public Risk Insurance Agency (PRIA) has
established itself as one of the premier insurance services organizations for public
entities in the United States. Our in-depth understanding of the unique risk exposures
and operating environment of public entities allows us to tailor insurance products and
services to effectively meet their needs. As the only independent insurance agency
solely dedicated to the public entity market, we are uniquely qualified to meet and
exceed the expectations of our clients. Our 20 years of insuring local governments has
afforded us significant experience and insight into the unique challenges and constraints
that our clients face. PRIA currently represents over 300 public entities in Florida.
PRIA is a wholly owned subsidiary of Brown & Brown, Inc. - the 61h largest
independent insurance agency in the United States and 7"' largest worldwide as ranked
by Business Insurance Magazine. Brown & Brown brings the experience of representing
hundreds of public entities nationally in addition to PRIA's focus in Florida.
As a Brown & Brown company, PRIA has access to hundreds of insurance markets
nationwide and in the international market. With premium volume exceeding
$2,500,000,000 Brown & Brown's volume results in a superior negotiating position and
leverage with state specific, regional, national, and international insurers. The focus and
experience of our team in all of these markets produces superior risk transfer options
and risk control expertise for your entity.
PRIA develops customized and innovative approaches towards effectively managing
your risk. Cost effective insurance products, professional service, and commitment to
client's needs are our primary goals. Proof of account satisfaction is reflected by a 97%
business retention rate.
MPRIA
PUBLIC RISK NSURANCE AGENCY
VILLAGE OF NORTH PALM BEACH
AN INTRODUCTION TO YOUR SERVICE TEAM
Alan Florez
Executive Vice President
Paul Dawson, ARM-P
Senior Vice President/Account Executive
Michelle Martin, CIC
Vice President/Account Executive
Brian Cottrell, CIC, CRM
Vice President/Account Executive
Robin Faircloth, CISR
Director of Operations
Nancy Burnet, CIC
Marketing Manager
Amber Tolbert
Marketing Assistant
Brittany O'Brien, CIC, CRM
Account Manager
Melody Blake, ACSR
Account Representative
Linda Burtchett
Account Representative
Kate Gross,ARM-P
Account Representative
Patricia "Trish" Jenkins
Account Representative
Nicole Kokin
Account Representative Assistant
Will assist with daily servicing of your account,including endorsements,client services,accounting
and quality assurance.
Our Service Team philosophy focuses on accountability at all levels of account management. Our
goal is not simply to meet your service needs, but to exceed them.All of the employees at PRIA are
dedicated to achieving this goal and distinguishing ourselves from the competition.
MPRIA�
PUBLIC RISK NSURANCE AGENCY
VILLAGE OF NORTH PALM BEACH
PREFERRED GOVERNMENTAL INSURANCE TRUST (Preferred)
OVERVIEW
Preferred Governmental Insurance Trust (Preferred) represents the most financially secure alternative
for municipalities, counties, special districts and schools for property, liability and workers
compensation insurance coverages,with a foundation built upon a personalized service commitment to
its members, customized loss control initiatives and aggressive claims management. Specific
coverages available through Preferred include:
Property and Equipment Breakdown General Liability
Contractor's Equipment EMT/Paramedic Professional Liability
Electronic Data Processing Law Enforcement Professional Liability
Miscellaneous Inland Marine Employee Benefits Administration Liability
Crime Automobile Liability and Physical Damage
Bonds(Employee Dishonesty) Public Officials Liability
Environmental Impairment Liability Workers' Compensation
A variety of pricing options are available, from traditional guaranteed cost to deductible programs, to
loss sensitive retrospective rating plans.
Following is a brief overview of the Trust structure and service components:
1. Legal Structure
• Multi-line intergovernmental pool
• Governed by Board of Trustees comprised of elected officials
2. Marketing
• Public Risk Underwriters,Lake Mary,Florida
• Kurt Heyman,Vice President-Marketing
3. Underwriting
• Public Risk Underwriters,Lake Mary,Florida
• Margaret Gross,Director of Underwriting
4. Loss Control
• Mike Marinan, Senior Safety&Risk Management Consultant
• Mike Stephens, Safety&Risk Management Consultant
• State of Florida approved program
MPRIA
PUBLIC RISK NSURANCE AGENCY
VILLAGE OF NORTH PALM BEACH
5. Policy Issuance
• Public Risk Underwriters,Lake Mary,Florida
• Navrisk Management System
• Integrates interlocal agreement to participate with NCCI rules and regulations
6. Auditing
• Public Risk Underwriters,Lake Mary,Florida
• Quarterly self audits for Workers' Compensation
7. Claims
• Contractually provided for Preferred by Preferred Governmental Claims Solutions
located in Lake Mary,Florida
• Toll free Workers' Compensation first notice of injury reporting
line (866)683-7710
• Toll free Workers' Compensation claims servicing line (800)237-6617
• Toll free Property&Casualty claims servicing line (800)237-6617
• Online access to Claims data for clients
8. Accounting
• Larry Shores,CPA,External Accountant, Shores&Company
• Specializes in intergovernmental pools
• Audited financial statements as required by the State of Florida
MISCELLANEOUS INSURANCE COVERAGES
To fully serve our clientele,Public Risk Insurance Agency can offer coverage for other exposures such
as:
Bonds Accidental Death&Dismemberment
Fiduciary Liability Special Events
Primary and Excess Flood Airport Liability
Workers' Compensation Aboveground&Underground Petroleum Tank Liability
Environmental Liability
MPRIA
PUBLIC RISK NSURANCE AGENCY
VILLAGE OF NORTH PALM BEACH
Preferred Governmental Insurance Trust
Board of Trustees
Chair Dwight E.Wolf Mayor—City of Wildwood
Vice Chairman Charles Walsey Chairman—Cypress Grove CDD
Secretary Joanna Wilkinson Mayor—City of Haines City
Board Member Robert Walker Mayor—City of Springfield
Board Member Tom Rice,Sr. Vice Chairman—South Indian River WCD
Board Member Warren Yeager Commissioner—Gulf County BOCC
Board Member Welton Cadwell Commissioner—Lake Sumter EMS
Preferred Governmental Insurance Trust
Risk Advisory Board
Renee Stockwell City of Bradenton Risk/Safety Supervisor
Lori Parsons City of Naples Risk Manager
Christina Maguire City of Ormond Beach Risk Manager
Deborah Franklin,MA The Villages Human Resources Director
Keri Martin City of Winter Park Risk Manager
Michael Quigley City of Cape Coral Risk Manager
Richard Swann Hillsborough County Sheriff Director of Risk Management
Gerard Visco Brevard County BOCC Risk Manager
Renee Daugherty Town of Davie Risk Manager
Jennifer Porrier City of Treasure Island Human Resources Director
Rickey Kendall Hillsborough Transit Authority Safety,Risk&Environmental Dir.
Sanjeev Bissessar City of Coconut Creek Risk Manager
MPRIA�
PUBLIC RISK NSURANCE AGENCY
VILLAGE OF NORTH PALM BEACH
PREFERRED CLAIMS ADMINISTRATION
Preferred Governmental Claim Solutions, Inc. ® (PGCS) is the premier governmental third party
claims administrator in the state of Florida and also administers the claims for Preferred
Governmental Insurance Trust(Preferred). Since its founding in 1956, PGCS has provided claims
administration services exclusively to over 450 governmental entities including schools, cities,
towns, counties, community development districts, and fire districts. Therefore, PGCS's adjusters
are extremely qualified to handle governmental tort liability and public sector workers'
compensation claims. They are experts at investigating and handling police and firefighters
presumption claims. PGCS is sensitive to the politics involved in the handling of public entity
claims.
PGCS's claims administration program consists of workers' compensation, general liability,bodily
injury, personal injury, property, auto liability, auto physical damage, employment practices
liability, school leaders/educators liability and public officials liability. Their claims staff has over
630 years of combined insurance experience and each has been with PGCS an average of 8 years.
Claims are handled under strict supervision in accordance with the PGCS workers' compensation
and liability claim handling procedure manuals and the PGCS claim best practices manual. A
random sampling of each adjuster's claim files are audited on a monthly basis by a Quality
Assurance Manager to ensure compliance.
PGCS provides their clients with a dedicated Subrogation Unit to pursue reimbursements from at-
fault third parties. Their current recovery rate is fifty-nine (59) percent of the claim costs
expended. PGCS also has a dedicated excess reporting and recovery unit for communication to
and securing reimbursement from the excess and/or reinsurance carriers. In addition, PGCS
provides a state-approved Special Investigation Unit (SIU) to prevent and pursue fraudulent
claims. PGCS offers rewards up to $10,000.00 for the arrest and conviction of persons committing
workers' compensation fraud. This service is provided via a twenty-four hour seven day a week
hotline.
PGCS utilizes the RiskMaster system for claims processing. This system captures a wide variety
of data, and allows the adjuster to enter an unlimited number of claim notes, process reserve
changes, and issue claim payments. Customized reports can be obtained from PGCS's on-line
system containing a multitude of data parameters that a client may choose to analyze. The system
can be accessed by clients via their website at www.pgcs-tpa.com.
Communication with PGCS's clients is the cornerstone of their claims administration program.
Professional adjusters, nurses, management, quarterly in-depth claim review meetings, 24/7 claim
reporting, utilization of attorneys specializing in public entity defense, litigation management, and
return to work programs are just a sample of how PGCS has set the standard for the industry.
PGCS is committed to partnering with their clients to provide professional and aggressive claim
management programs. While they are recognized as the leader in the industry, PGCS is always
striving to improve the quality of their programs and expand the services that they offer.
MPRIA
PUBLIC RISK NSURANCE AGENCY
VILLAGE OF NORTH PALM BEACH
PREFERRED SAFETY AND RISK MANAGEMENT SERVICES
The success of any public sector community is clearly tied to its ability to protect and preserve its
human physical assets. This basic premise serves as the cornerstone of an effective Safety
Management program and underscores the importance of Risk Control to the community. Preferred's
Safety and Risk Management Department is very aware of the valuable contribution a comprehensive
risk control program makes to the bottom-line of any organization.
At Preferred, Safety consultations originate with one basic thought—Specific measures can be
recommended to minimize or eliminate the exposures that cause accidents. This does not mean that the
workplace become no-risk utopias, but we expect our consultants to recommend measures to
control/minimize all types of accidents, injuries and illnesses to our Preferred clients' operations and
premises.
Stressing our problem solving skills... Preferred is dedicated to meeting the challenge of the complex
problems facing public sector organizations...disarming these problems and converting them into
factors,which work to the advantage of our clients. Our emphasis approach to risk control incorporates
the following elements:
• Exposure Identification – Assist management in determining areas where a chance of loss
might exist.
• Exposure Measurement and Analysis – Loss analysis and a review of the consequences of
the exposures will be considered to develop alternative methods of control.
• Determination and Selection of Appropriate Risk Control Methods – Based on
measurement and analysis and after considering alternative approaches, specific
recommendations and/or a custom design Risk Control plan will be formulated.
• Training and Safety Management Consulting – After considering client needs specific
training will be formulated and initiated to fit that need. Key personnel will be provided with
the basic knowledge and skills they need to meet those identified needs. Program monitoring is
accomplished through follow-up surveys with adjustments to the action plan made as needed.
Specialty consulting services are available if necessary.
Preferred's Safety and Risk Management Department evaluates the unique needs to each client,
ultimately designing a program that is capable of being integrated into the overall risk control efforts of
each client. Our management system's direction to the problem solving approach is the foundation of
our Safety and Risk Management Service.
MPRIA
PUBLIC RISK NSURANCE AGENCY
VILLAGE OF NORTH PALM BEACH
WORKERS' COMPENSATION
GUARANTEED COST
REVISED 8/23/13
Term: October 1,2013 to October 1,2014
Insurer: Preferred Governmental Insurance Trust(Preferred)
Description Class
Code
Payroll
0251 Irrigation Works&Drivers $ 71,718
5509 Street or Road Maintenance $ 495,918
7704 Firefighters&Drivers $ 1,707,944
7720 Police Officers&Drivers $ 1,282,382
8380 Automobile Service Repair $ 142,988
8810 Clerical $ 1,209,850
9015 Buildings—NOC Owner/Lessee $ 541,627
9060 Club-Country/Golf/Fish/Yacht $ 883,257
9082 Restaurant NOC $ 540,441
9101 College-All Employees $ 424,227
9102 Park NOC—Employees&Drivers $ 625,799
9403 Garbage—Collection&Drivers $ 787,125
9410 Municipal NOC $ 270,583
TOTAL $8,983,859
Estimated Manual Premium $425,664
Experience Modification 1.14
Estimated Discounted Premium $306,053
Notes of Importance:
1. The "Estimated Discounted Premium'' includes all applicable credits including safety program
and drug-free workplace credits as per Florida Statute 440.
2. Employer's Limit of Liability is$1,000,000/$1,000,000/$1,000,000.
3. Experience modification factor is subject to verification. This final amount of credit is
dependent upon compliance with program requirements.
4. Final premium subject to payroll audit.
5. The expense constant charge has been included.
6. Payment terms are 25% down and 9 installments.
This proposal is intended to give a brief overview.Higher limits may be available.Please refer to coverage forms for
complete details regarding definition of terms,exclusions and limitations.
MPRIA
PUBLIC RISK NSURANCE AGENCY
VILLAGE OF NORTH PALM BEACH
PREMIUM RECAPITULATION
REVISED 8/23/13
Annual Premium Check Option
Accepted Rejected
Workers' Compensation $306,053 ❑ ❑
I authorize PRIA to request the underwriters to bind coverage on the items indicated above and
acknowledge receipt of the Compensation and Financial Condition Disclosure(s)provided in this
proposal.
(Signature)
(Name&Title)
(Date)
PRIA
Pt B IC RISK NSLRANU NUNCV
VILLAGE OF NORTH PALM BEACH
Notes of Importance:
1. Quotes provided in the proposal are valid until 10/1/2013. After this date terms and conditions
are subject to change by the underwriters.
2. Preferred is not subject to the Florida Insurance Guaranty Act, in the event it becomes unable
to meet its claims payment obligations. However, insured is named on excess of loss policies.
3. Some of the Carriers of the Preferred excess of loss policies are issued pursuant to the FL
Surplus Lines laws. Entities insured by surplus lines carriers do not have the protection of the
FL Insurance Guaranty Act to the extent of any right of recovery for the obligation of an
insolvent,unlicensed insurer.
4. Quote is subject to review and acceptance by Preferred Board of Trustees.
5. Premiums are subject to change if all lines of coverage quoted are not bound. Premiums are
subject to 25% minimum premium upon binding.
6. Not all coverages requested may be provided in this quotation.
7. The Trust requires all Members to maintain valid and current certificates of workers'
compensation insurance for all work performed by persons other than its employees.
8. With the exception of Workers' Compensation, the total premium is due within 30 days of
inception.Premium financing can be arranged if needed.
9. Quote is not bound until written orders to bind are received from the insured and the Trust
subsequently accepts the risk.
10. Should signed application reveal differing details/data than original application received, the
entire quote/binder is subject to revision and possible retraction.
11.Higher limits of liability may be available. Please consult with your agent.
12. This proposal is based upon exposures to loss made known to the Public Risk Insurance
Agency.Any changes in exposures (i.e.new operations,new acquisitions of property or change
in liability exposure) need to be promptly reported to us in order that proper coverage may be
put into place.
13.This proposal is intended to give a brief overview.Please refer to coverage agreements for
complete information regarding definition of terms, deductibles, sub-limits, restrictions
and exclusions that may apply.
MPRIA
PUBLIC RISK NSURANCE AGENCY
VILLAGE OF NORTH PALM BEACH
Retail Compensation Disclosure
In addition to the commissions or fees received by us for assistance with the placement, servicing,
claims handling,or renewal of your insurance coverages, other parties, such as excess and surplus lines
brokers, wholesale brokers, reinsurance intermediaries, underwriting managers and similar parties,
some of which may be owned in whole or in part by Brown & Brown, Inc., may also receive
compensation for their role in providing insurance products or services to you pursuant to their
separate contracts with insurance or reinsurance carriers. That compensation is derived from your
premium payments. Additionally, it is possible that we, or our corporate parents or affiliates, may
receive contingent payments or allowances from insurers based on factors which are not client-
specific, such as the performance and/or size of an overall book of business produced with an insurer.
We generally do not know if such a contingent payment will be made by a particular insurer, or the
amount of any such contingent payments, until the underwriting year is closed. That compensation is
partially derived from your premium dollars, after being combined (or "pooled") with the premium
dollars of other insured's that have purchased similar types of coverage. We may also receive
invitations to programs sponsored and paid for by insurance carriers to inform brokers regarding their
products and services, including possible participation in company-sponsored events such as trips,
seminars, and advisory council meetings, based upon the total volume of business placed with the
carrier you select. We may, on occasion, received loans or credit from insurance companies.
Additionally, in the ordinary course of our business, we may receive and retain interest on premiums
you pay from the date we receive them until the date of premiums are remitted to the insurance
company or intermediary. In the event that we assist with placement and other details of arranging for
the financing of your insurance premium, we may also receive a fee from the premium finance
company.
Questions and Information Requests: Should you have any questions or require additional
information, please contact this office at 386-252-6176 or, if you prefer, submit your question or
request online at hQ://www.bbinsurance.com/customerinquiLy.shtml.
MPRIA
PUBLIC RISK NSURANCE AGENCY
VILLAGE OF NORTH PALM BEACH
PREFERRED Compensation Disclosure
We appreciate the opportunity to assist with your insurance needs. Information concerning additional
compensation paid to other entities for this placement and related services appears below. Please do
not hesitate to contact us if any additional information is required.
Our office is owned by Brown&Brown, Inc. Brown&Brown entities operate independently and are
not required to utilize other companies owned by Brown&Brown, Inc.,but routinely do so.
For the 2012 — 2013 policy year, your insurance was placed with Preferred Governmental Insurance
Trust (Preferred). Preferred is an insurance trust formed by Florida public entities through an
Interlocal Agreement for the purpose of providing its members with an array of insurance coverages
and services. Preferred has contracted with entities owned by Brown & Brown, Inc. to perform
various services. As explained below, those Brown & Brown entities are compensated for their
services.
Preferred has contracted with Public Risk Underwriters (PRU), a company owned by Brown &
Brown, Inc., to administer Preferred's operations. The administrative services provided by PRU to
Preferred include:
• Underwriting
• Coverage review
• Marketing
• Policy Review
• Accounting
• Issuance of Preferred Coverage Agreements
• Preferred Member Liaison
• Risk Assessment and Control
Pursuant to its contract with Preferred, PRU receives an administration fee, based on the size and
complexity of the account,of up to 12.5%of the premium you pay to Preferred. PRU may also receive
commissions from insurance companies with whom it places your coverage, which commissions are
derived from the premium you pay to Preferred. Multiple underwriters may be involved in the
placement of your coverage. If so, they also may be compensated for their services from the premium
you pay to Preferred.
Preferred has also contracted with Preferred Governmental Claims Solutions (PGCS), a company
owned by Brown&Brown, Inc., for purposes of administering the claims of Preferred members. The
services provided by PGCS to Preferred may include:
• Claims Liaison with Insurance Company
• Claims Liaison with Preferred Members
• Claims Adjustment
MPRIA�
PUBLIC RISK NSURANCE AGENCY
VILLAGE OF NORTH PALM BEACH
PREFERRED Compensation Disclosure (continued)
Pursuant to its contract with Preferred, PGCS receives a claims administration fee for those accounts
which PGCS services of up to 5%of the non-property portion of the premiums you pay to Preferred.
Preferred also utilizes wholesale insurance brokers, some of which (such as Peachtree Special Risk
Brokers and MacDuff Underwriters) are owned by Brown & Brown, Inc., for the placement of
Preferred's insurance policies,and for individual risk placements for some Preferred members (excess
and surplus lines, professional liability coverage, etc.). The wholesale insurance broker may provide
the following services:
• Risk Placement
• Coverage review
• Claims Liaison with Insurance Company
• Policy Review
• Current Market Intelligence
The wholesale insurance broker's compensation is derived from your premium, and is largely dictated
by the insurance company. It typically ranges between 10% and 17% of the premiums you pay to
Preferred for your coverage. Some wholesale brokers used by Brown&Brown to place your coverage
may also act as Managing General Agents for various insurance companies, and may be compensated
directly by those insurance companies for their services in placing and maintaining coverage with
those particular companies.
The wholesale insurance brokerage utilized in the placement of property insurance was Peachtree
Special Risk Brokers, which is a company owned by Brown & Brown Inc. Furthermore, any
professional liability coverage afforded by the package of insurance you purchased was acquired
through Apex Insurance Services,which is also a company affiliated with Brown&Brown Inc.
MPRIA
PUBLIC RISK NSURANCE AGENCY
VILLAGE OF NORTH PALM BEACH
NOTICE OF CARRIER FINANCIAL STATUS
Risk Management Associates,Inc. dba Public Risk Insurance Agency, and its parent company,Brown
& Brown, Inc. (collectively "Brown & Brown") do not certify, warrant or guarantee the financial
soundness or stability of any insurance carrier or alternative risk transfer or pooling entity. We
endeavored to place your coverage with an insurance carrier with an A.M. Best Company financial
rating of"A-" or better.* While Brown & Brown cannot certify, warrant or guarantee the financial
soundness or stability of any insurance carrier or alternative risk transfer or pooling entity or otherwise
predict whether the financial condition of any such entity might improve or deteriorate, we are hereby
providing you with notice and disclosure of financial condition so that you can make an informed
decision regarding the placement of coverage. Accordingly, with receipt of this notice you
acknowledge the following with regard to the placement and any subsequent renewal of the coverage
indicated below:
• Brown & Brown attempted to present other options for your insurance placement, including
quotations with insurance carriers holding an "A-" or better rating from A.M. Best Company,
but we were unable to secure such a quote/you have elected to decline these options.
• Coverage is being placed through Preferred Governmental Insurance Trust ("Preferred"),
which is as a Florida local government self-insurance fund established pursuant to Section
624.4622,Florida Statutes,as such Preferred is not rated by the A.M. Best Company.
• Preferred is not subject to the protections afforded by any state guaranty fund or association.
• The financial condition of insurance companies and other coverage providers including local
government self-insurance funds like Preferred may change rapidly and those such changes are
beyond the control of Brown&Brown.
• You should review the financial and membership information from Preferred and agree to
abide by the conditions of membership established by Preferred.
• You should consider the information provided, including the Preferred coverage quote and
coverage placement and review it with your accountants,legal counsel and advisors.
Named Insured: Village of North Palm Beach
Policy Number: WC FL10502503 13-04
Policy Period: 10/1/2013—10/1/2014
Date of Notice: 7/19/2013
* A.M. Best Rating Guide: Rating for Stability: A++to D=Highest to lowest rating
Rating for Assets/Surplus: 15 to 1 -Largest to smallest rating
MPRIA
PUBLIC RISK NSURANCE AGENCY
VILLAGE OF NORTH PALM BEACH
Guide to Bests Ratings
Best Category Rating De=n
Secure A++ Superior
Secure A+ Superior
Secure A Excellent
Secure A- Excellent
Secure B++ Very Good
Secure B+ Very Good
Vulnerable B Fair
Vulnerable B- Fair
Vulnerable C++ Marginal
Vulnerable C+ Marginal
Vulnerable C Weak
Vulnerable C- Weak
Vulnerable D Poor
Vulnerable E Under Regulatory Supervision
Vulnerable F In Liquidation
Vulnerable S Rating Suspended
Not Rated NR-1 Insufficient Data
Not Rated NR-2 Insufficient Size and/or operating experience
Not Rated NR-3 Rating Procedure Inapplicable
Not Rated NR-4 Company Request
Not Rated NR-5 Not Formally Followed
Rating Modifier a Under Review
Rating Modifier q Qualified
Affiliation Code g Group
Affiliation Code p Pooled
Affiliation Code r Reinsured
Guide to Best's Financial Size Categories
Reflects size of I Less than$1,000,000
insurance company II $1,000,000-$2,000,000
based on their III $2,000,000-$5,000,000
capital,surplus IV $5,000,000-$10,000,000
and conditional V $10,000,000-$25,000,000
reserve funds in VI $25,000,000-$50,000,000
U.S.dollars. VII $50,000,000-$100,000,000
VIII $100,000,000-$250,000,000
IX $250,000,000-$500,000,000
X $500,000,000-$750,000,000
XI $750,000,000-$1,000,000,000
XII $1,000,000,000-$1,250,000,000
XIII $1,250,000,000-$1,500,000,000
XIV $1,500,000,000-$2,000,000,000
XV Greater than$2,000,000,000
Public Risk Insurance Agency always strives to place your coverage with highly secure insurance companies.We cannot,
however,guarantee the financial stability of any carrier.
MPRIA�
PUBLIC RISK NSURANCE AGENCY