Exhibit 2- MECC Excess Workers' Compensation ProposalPage 1 of 2 Date Printed: 11/23/2020
Excess Workers Compensation
Quotation Sheet
Insurer:Midwest Employers Casualty Company Policy Effective Date:12/31/2020
Insured:City of Denton Quote Date:11/23/2020
Policy #:EWC008917 Quote Expiration Date:60 Days
QUOTE OPTIONS
POLICY TERMS 0231152 0231156
Named States TX TX
SPECIFIC:
Specific Limit STATUTORY STATUTORY
Specific Retention $1,000,000 $1,250,000
EMPLOYERS LIABILITY:
Employers Liability Limit $1,000,000 $1,000,000
Employers Liability Retention See Specific See Specific
AGGREGATE:
Aggregate Limit NA NA
Aggregate Retention NA NA
Estimated Aggregate Retention NA NA
Minimum Aggregate Retention NA NA
RATING BASE:
Est. Annual Payroll $122,399,998 $122,399,998
Est. Annual Manual Premium $1,222,978 $1,222,978
Length of Policy (Years)1.000000 1.000000
Est. Policy Normal Premium $1,222,978 $1,222,978
Rate per $100 of Payroll 0.1779 0.1597
PREMIUM:
Total Est Policy Prd Premium $217,750 $195,473
(including Flat Charges)
Policy Minimum Premium $195,975 $175,926
Deposit Premium $217,750 $195,473
Deposit Flat Charge(s)NA NA
Total Deposit Due $217,750 $195,473
Terrorism Risk Ins Act of 2002 $6,533 $5,864
(incl in Total Deposit Due above)
Commission 10%10%
Page 2 of 2 Date Printed: 11/23/2020
CONDITIONS / COMMENTS:
* MECC must be notified of any aircraft changes occurring during the policy period.
* A signed application must be received prior to policy issuance.
Page 1 of 1 Date Printed: 11/23/2020
Endorsement Schedule
Quotation
Insurer:Midwest Employers Casualty Company Policy Effective Date:12/31/2020
Insured:City of Denton Quote Date:11/23/2020
Policy #:EWC008917 Quote Expiration Date:60 Days
The following endorsements apply to all quote options:
CMB-11 Amendment to Schedule Item 11
CMB-199 Policyholder Disclosure Notice of Terrorism Insurance
ISI-254-EXC Aircraft Exclusion
ISI-TX-A Texas - Governmental Entities
CMB-TX Texas Important Notice
CMB-TX-EL Texas Employers Liability
Policyholder Disclosure Notice of TerrorismInsurance Coverage
Coverage for acts of terrorism, as defined in the Terrorism Risk Insurance Act as amended, (the "Act"), is included in the quote for
your policy.
As defined in Section 102(1) of the Act: The term “act of terrorism” means any act that is certified by the Secretary of the Treasury—
in consultation with the Secretary of Homeland Security, and the Attorney General of the United States—to be an act of terrorism;
to be a violent act or an act that is dangerous to human life, property, or infrastructure; to have resulted in damage within the
United States, or outside the United States in the case of certain air carriers or vessels or the premises of a United States mission;
and to have been committed by an individual or individuals as part of an effort to coerce the civilian population of the United States
or to influence the policy or affect the conduct of the United States Government by coercion. Under your coverage, any losses
resulting from certified acts of terrorism may be partially reimbursed by the United States Government under a formula established
by the Act.
However, your policy may contain other exclusions which might affect your coverage, such as an exclusion for nuclear events. Under
the formula, the United States Government generally reimburses 85% through 2015; 84% beginning on January 1, 2016; 83%
beginning on January 1, 2017; 82% beginning on January 1, 2018; 81% beginning on January 1, 2019 and 80% beginning on January
1, 2020 of covered terrorism losses exceeding the statutorily established deductible paid by the insurance company providing the
coverage. The Act contains a $100 billion cap that limits U.S. States Government reimbursement as well as insurers’ liability for
losses resulting from certified acts of terrorism when the amount of such losses exceeds $100 billion in any one calendar year. If the
aggregate insured losses for all insurers exceed $100 billion, your coverage may be reduced.
A. The portion of your annual premium that is attributable to coverage for acts of terrorism, as defined in the Act through December
31, 2020 is shown in row (A) below. B. The portion of your annual premium that is attributable to coverage for acts of terrorism, as
defined in the Act, for the period beyond December 31, 2020 is estimated in row (B) below, and does not include any charges for the
portion of losses covered by the United States Government under the Act. (Refer to the paragraph below) and does not include any
charges for the portion of losses covered by the United States government under the Act.
Quote Option 0231152 0231156
Portion (A):$18 $16
Portion (B):$6,515 $5,848
Combined $6,533 $5,864
Possibility of Additional Premium. The premium for certified acts of terrorism coverage is calculated based in part on the federal
participation in payment of terrorism losses as set forth in the Act. The federal program established by the Act is scheduled to
terminate at the end of 12/31/20 unless extended by the federal government. If the federal program terminates or if the level or
terms of federal participation change, the estimated premium shown in (B) of above may not be appropriate.
When disposition of the federal program is determined, we will recalculate the premium shown in (B) above and will charge
additional premium, if indicated.
If we notify you of an additional premium charge, the additional premium will be due as specified in such notice.
Name of Insurer:Midwest Employers Casualty Company
Name of Insured:City of Denton