HomeMy WebLinkAboutResolution - 2016-R0333 - Purchase - Ace American Insurance Company - Airport Related Liability Insurance - 09/22/2016Resolution No.2016-R0333
Item No.6.17
September 22,2016
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Manager of the City of Lubbock is hereby authorized and directed
to purchase for and on behalf of the City of Lubbock,airport and non-owned aircraft
liability insurance coverage from Ace American Insurance Company,for a premium
amount not to exceed $28,790.00;and
THAT the City Manager may execute any routine documents and forms associated
with said insurance coverage.
Passed by the City Council this September 22,2016 .
DANIEL M.POPE,MAYOR
ATTEST:
Rebecca Garza,City Secretary 1 \
APPROVED AS TO CONTENT:
Leisa Hutcheson,Director of Human Resources
and Risk Management
APPROVED AS TO FORM:
£U
JeffTIartsell.Chief Litigation Attorney
sj/RES.Risk Mgmt-Ace Property &Casualty Ins
September 7,2016
Resolution No. 2016-R0333
1
Airport owners and operators liability
Named insured: City of Lubbock
Insurance carrier: ACE Property and Casualty Insurance Company — Admitted
A.M. Best rating: A++ as of 2016
Policy number: TBD
Policyterm: October 1, 2oi6 to October 2, 2017
Premium:
$ 25,590 Annual Premium
$ 2,559 Annual TRIA Premium
$ 2,559 Annual War Premium (reducing to $641 if TRIA also purchased)
Coverage:
Your legal liability to members of the public for claims arising from your
premises, operations, products, or completed operations.
Limits of liability:
$ 50,000,000 Products/completed operations aggregate limit
$ 50,000,000 Personal and advertising injury limit
$ 5o,000,000 Each occurrence limit
$ 25o,000 Fire Damage Limit Any One Fire
$ 1o,000 Medical Expense Limit Any One Person
$ 50,000,000 Malpractice Annual Aggregate Limit
$ 5o,000,000 Extended Coverage — War, Hi -Jacking & Other Perils
Annual Aggregate Limit
$ 50,000,Ooo Hangarkeepers not"in flight" Limit Any one Occ
$ 50,000,000 Hangarkeepers not "in flight" Limit Any one Aircraft
$ 50,000,000 Non -Owned Aircraft Liability Limit
Coverage form:
Occurrence
Deductible:
$ Nil Per occurrence
Terms and conditions:
90 days' notice of cancellation, non -renewal or reduction in coverage by
Insurer, but 10 days' notice for non-payment of premium. This provision does
not override the Automatic Termination review or cancellation provisions of
endorsements AAP 203 or AAP 237.
This policy may be cancelled or non renewed subject to the terms of the
following endorsement: AAP TX (11/99) Texas Changes- Cancellation and
Nonrenewal.
Designated Additional Insured: South Central Chapter -American Association
of Airport Executives
Exclusionary endorsements: War, Hi -Jacking and Other Perils Exclusion Clause
Noise, Pollution and Other Perils Exclusion Clause
This proposal is merely a descriptive summary of coverage provided by the insurance companies being proposed and should be used for reference
purposes only. This is a quotation of coverage only. It is not a binder. This proposal does not amend or alter the insurance contract.
Please refer to the policy contract for specific terms, conditions, limitations, and exclusions.
Proposal date: 9/6/2016 Prepared for City Of Lubbock
Confidential. @ 2016 Wells Fargo Insurance Services USA, Inc. All Rights Reserved.
Page 19
CERTIFICATE OF INTERESTED PARTIES FORM 1295
1 of 1
Complete Nos, 1 4 and 6 f there are imeresind parties.
Complete Nos. 1, 2, 3, 5, and 6 if there are no interested parties
OFFICE USE ONLY
CER nRCATION OF RLING
Certificate Number:
2016-115516
1
Name of business entity filing farm, and the city, state and country of the business entity's place
of business.
CHUBB
New Orleans, LA United States
Date Filed:
09122/2016
2
Name of governmental entity or state agmey dua is a parry to the contract for which e form is
being filed.
City of Lubbock
Dale Acknowledged:
3
Provide the identification number used by the governmental entity or state agency to track or identity the contract, and provide a
description of the services, goods, or other property to be provided under the cantmcL
AAP NOD981448 012
Airport Owners and Operators Liability Insurance for the Lubbock Preston Smith International Airport in Lubbock, Texas
4
Nome of Interested Party
City, State, Country (place of business)
Nature of interest
(chxk applicable)
Controlling
intermediary
Sanford, Douglas
Lubbock, TX United States
X
5
Check only if there is NO Interested Party. O
6
AFFIDAVIT I >wear, or affirm, under penaltyof penury, tnat the above d sciosure is true and correct.
JUMB A. GAINSBURGH
Nob 1'abl►'� Bar Na 05877
b of Loaisi Inc
My Commission is for Life
Signature of authorized agent cf cmuaci rig cus.wss errty
AFFIX NOTARY STAMP / SELL ABOVE
Swum to and subscribed before me, by the said dq Aifif in s the �.� day of ///JJJT
20 1 Ls . to cendy, wh ch, vntness ray hand and seal of off ce.
p'4P
- A'� A A kjiw�ajo*,tj C G
Signature of officer administering oath ; Prrued name of officer adm aster ng oath T.oe of 61ficer administering oath
Forms provided by Texas Ethics CommL lion www,ethics.state.ocus Version V1.0.277