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P-: <br />i. ' <br />:4. <br />f <br />r <br />i - <br />r; <br />■■■ ■ <br />ATlACHKlFM <br />B <br />CITY OP ORONO <br />AGENT OF RECORD AGREEMENT <br />Duweyn P. Carlson of the Apple Valley Agency agrees to perform <br />the following services for the City of Orono: <br />1, The negotiation and placement of all the required <br />insurance; <br />2. Information on relevant changes in insurance <br />markets, products and services; <br />3. Assistance in developing comprehensive insurance <br />coverages; <br />4. Provide an insurance policy inventory and summary; <br />5. A complete accounting of commissions earned (direct <br />only) on the account; <br />6. A cumulative five-year premium and loss record; <br />7. Prepare an allocation of premium by department as <br />required by the City; <br />8. Loss exposure list and classification; up-dated <br />annually; <br />9. Assist with all claims and losses; <br />10. Assistance in minimizing premiums; reviewing and <br />auditing rating basis, formulas, etc. <br />11. Assistance in loss prevention engineering and loss <br />control; <br />12. Willingness to keep an in-agency record of losses <br />including reserves established; <br />13. Assist the City in Risk Management program. <br />The fee for service for the Insurance Policy year 1 992 will be <br />$7,000.00 and will cover the following: <br />1. Conduct an Exposure survey and prepare <br />specifications <br />2. Obtain quotes <br />3. Review policies, billings and claims