61-26~ - ,ct
RE50LUTION 61 - 26
BE IT RESOLVED BY THE CITY COMMISSION ,OF THE CITY OF ATLANTIC
BEACH, DUVAL COUNTY, FLORIDA, That,
SECTION 1. In order to obtain insurance needs best fitted
to cover Fire and Liability hazards faced by the City of
Atlantic Beach, the following procedures are hereby adopted:
1. All of the fire and liability insurance shall
be placed with an agent meeting the, following
qualifications:
A. An insurance agent licensed by a
Fire and Casualty Company.
B. Resident and Freeholder of the City
of Atlantic Beach, and registered elector.
C. Holding a current City of Atlantic
Beach Insurance~Agent`s Occupational
License on August 31st of each year.
2. Commissions resulting from premiums on ail Fire
and Liability Insurance shall be divided into one
share more than the number of agents meeting the
above stated qualifications so that the Agent
effecting coverage shall receive for his services
one extra share but not less than one third of
the commission on the total premium.
3. The Insurance Company selected by the Agent
who effects coverage shall have a "Best's In-
surance Guide" rating of A or better, and shall
be a Capital Stock Company to avoid any possi-
ble loss contingency on the part of the City.
4. The Agent writing coverage for the City shall
call a meeting of all qualified Agents annually
on or before October 15 for the purpose of malting
recommendations to the City Commission for 'the
placing of the Fire and Liability Insurance for
the ensuing year.
5. At it`s discretion the Insurance Comm~.ttee
shall call for annual bids regardless of term
policies and it shall be mandatory that Committee
P2embers submit bids every five years. (This being
Florida Law on term policies.)
Resalution 61-2b
6. issuing agent shall make an accounting to
each member of the committee setting forth cov-
erage, name of carrier, premium and rate of com-
mission per policy. Such accounting to be made
within thirty (30) days after receipt of pre-
mium payment together with check reflecting mem-
bers share of commission. Any 'return commission
due issuing agent by reason of audits, return
premiums or deietinns shall be repaid to issuing
agent within thirty (30) days of billing to
committee members.
7. No elected official of the City of Atlantic
Beach shall participate in the division of
commissions resulting from City business or
effect contracts of insurance covering City
properties or liability thereon.
8. Non compliance with any of the provisions
of this Resolution shall disbar any member from
participation in the City insurance schedule.
AND BE IT FURTHER RESOLVED THAT,
SECTION 2. This Resolution amends Resolution 58-24, and
that,
SECTION 3. This resolution becomes effective, immediately
upon its passage.
Passed by the City Commission August 14, 1981.
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Attest:
Adele S. Grape,
City Clerk