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AI- 37456
Executive Office   7.D.
CC REGULAR
Meeting Date:
03/12/2013
Submitted For:
Roy Quintanilha
Submitted By:
Dale Kennan, BUDGET & MANAGEMENT
Department:
SAFETY DIVISION

Information

CAPTION

Safety Division:
1. Discussion, consideration and possible approval of the "Tail End Coverage" proposal from Montalvo Insurance Agency to extend the Travelers Insurance coverage for claims on the Management Liability and the Employment Practices Liability.

2. Subsequent to item 1 being approved is the request for the approval of payment of the insurance premiums for the extended claim coverage period by Travelers Insurance with approval for the Auditor's Office to issue payment once audit procedures have been finalized. 

BACKGROUND


Fiscal Impact

FISCAL YEAR:
ACCT. #:
3-1100-419-00-125-009-0-523
FUNDS AVAILABLE Y/N?:
Pending
MATCHING FUNDS Y/N?:

BUDGETARY IMPACT:

Proposed extension of claims coverage periods for Management Liability in the amount of $26,852.00 and the Employment Practices Liability in the amount of $289,643.00 combined for a total amount of $316,495.00.

Currently $300,000.00 is available (as of 3/5/13) and funding for the remaining balance in the amount of $16,495.00 has not been identified.

Attachments

Form Review

Inbox Reviewed By Date
Budget and Management Obdett Calzada 03/05/2013 03:03 PM
Purchasing / Internal Alejandro Garcia 03/08/2013 05:25 PM
Form Started By:
dkennan
Started On:
03/05/2013 01:35 PM
Final Approval Date:
03/08/2013