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MUNICIPAL INSURANCE ASSOCIATION OF BRITISH COLUMBIA

SUMMARY OF COSTS AND COVERAGE

PORT COQUITLAM

Summary of Coverage

1. PRIMARY LIABILITY COVERAGE

COVERAGE A: Bodily Injury, Personal Injury, and/or Property

Damage Liability. -

COVERAGE B: Errors and Omissions Liability.
COVERAGE C: Supplementary Payments ~ Defence and Other Costs.

COVERAGE A AND B LIMIT: $1,000,000 per occurrence or loss.

DEDUCTIBLE PER OCCURRENCE OR LOSS: $25,000

GROUP MEMBERSHIP: D

PARTICIPATION IN SHARING POOLS: POOL, 4

2. EXCESS LIABILITY COVERAGE

COVERAGE :

Excess Liability

COVERAGE LIMIT: $4,000,000 per occurrence or loss.

. Schedule of Costs

1. PRIMARY LIABILITY COVERAGE INCLUDING $28 , 603
GENERAL ADMINISTRATION AND CLAIMS
ADMINISTRATION ASSESSMENTS
2. EXCESS LIABILITY COVERAGE ASSESSMENT ~ $20,255
TOTAL ASSESSMENT (Note 1) $48 , 858
3, BASIC RESERVE ASSESSMENT 1987-83 | $14,468
TOTAL INCLUDING RESERVE ASSESSMENT $63 , 326
Note: 1) Assessments will be prorated for municipalities and
regional districts whose resolution to participate has
been received by July 15, 1987, but whose renewal date is
after the proposed September 1, 1987 effective date of the
program. | |
2) A complete application will follow your municipality's or
regional district's resolution to participate.
DO NOT CANCEL YOUR EXISTING INSURANCE ARRANGEMENTS UNTIL
ADVISED IN WRITING.
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