HomeMy WebLinkAbout89-19 CC ResolutionRESOLUTION NO. 89-19
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TEMECULA ACCEPTING INSURANCE COVERAGE
WHEREAS, at its first meeting on December 1, 1989, the City Council authorized
the Interim City Attorney to solicit proposals for and obtain insurance; and
WHEREAS, the Interim City Manager has obtained the coverage set out in Exhibit
A, attached and incorporated herein:
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF TEMECULA,
CALIFORNIA DOES RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
Section 1. The City of Temecula approves and accepts the insurance coverage to be
provided by Strachota Insurance Agency as set out in Exhibit "A".
ADOPTED AND APPROVED this 12th day of December, 1989.
Ron J. Parks, Mayor
ATTEST:
Frank Aleshire, City Clerk
Resos 8%19
STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) SS
CITY OF TEMECULA )
I, F.D. Aleshire, City Clerk of the City of Temecula, HEREBY DO CERTIFY that
the foregoing Resolution NO. 89-19 was duly adopted at a regular meeting of the City
Council of the City of Temecula on the 12th day of December, 1989, by the following roll
call vote.
AYES: 4
COUNCILMEMBERS:
Birdsall, Lindemans, Mufioz,
Parks
NOES:
0 COUNCILMEMBERS: None
ABSENT: 0 COUNCILMEMBERS: None
ABSTAIN: 1 COUNCILMEMBERS: Moore
Frank Aleshire, City Clerk
Resos 89-19
~-.,A fllD I I "/-I_"
Pim. a Insurance Premium Finance, Inc.
973 9315
PREMIUM FINANCE AGREEMENT
510 W. Sixth Street · Suite 1032 · Los Angeles, California 90014
(213) 680-1075
(~CH PERSONAL
COMMERCIAL
ECK APPROPRIATE BOX~
11
'~ ' AGENT
TOTAL PREMIUMS ~NAUE A.O .L^CE OF .US,NESSl
PRODUCER CODE NO
DOWN PAYMENT "1 Effll L;IJI.
ZIP CODE
INSURED
INAME ANtl ADDRESS)
Ci I r f.iF
~ /0 I{LII'I
ZIP CbOE
AMOUNT
FINANCED
(A minus B)
NUMBER OF PAYMENTS
$ 1 0 5,3 '7.5 0
FINANCE
CHARGE
TOTAL
OF PAYMENTS
(C plus D)
1 tO'T]. 3.5
POLICY PREFIX
AND NUMBER
F'END/HGi
EFFECTIVE DATE
OF POLICY/
ANNUAL
INSTALLMENT
PAYMENT SCHEDULE
AMOUNT OF PAYMENTS WHEN PAYMENTS ARE DUE
FIRST INSTALLMENT DUE INSTALLMENT DuE
DATES
1250.15 0 1. ~-.01 - 19':~t,
SCHEDULE OF POLICIES [] CHECK IF
ASSIGNED RISK
NAME OF INSURANCE COMPANY AND NAME TYFE MCNTHS!
AND ADDRESS OF GENERAL OR POLICY OF COVERED PREMIUM
Ef
ISSUING AGENT COVER
iJEND'J~HI.-; 12-.-OL--B¥SWEl'l' ~ I::PAWFORLi/I, qEE;I'I~'i~,ti I.tEi:~ 251)!~ L~:
ANNUAL
PERCENTAGE
RATE
[2. O0 %
TOTAL PREMIUMS must agree with "A" above ~TOTAL $
PREMIUM FINANCE AGREEMENT
In consideration of the premium payments to be made to the insurance companies listed above by Pima Insurance Premium Finance, Inc. CPIPFI"), the undersigned insured promises to ;ay
to PIPFI, at the address set forth above or at such other address as PIPFImay designate, the total of payments in "E" above, according to the Payment Schedule shown above and subject to
the remainder of the terms and conditions of this Agreement.
1. By signing below, the insured acknowledges receipt of a copy of th~s Agreement. All insureds must s~gn below as named in the above listed policy(s). If the undersigned insured ~s
a corporation or partnership, authorized officers or partners must sign. A s~gnatory acting in a representative capacity must so indicate and attach ewdence of such authority.
2. An agent or broker signing below warrants and certifies that the down payment m "B" above has been collected from the insured and that all named msureds in the policyIs) :ave
signed this Agreement or that such agent or broker has been so authorized to s~gn on their behalf.
THE UNDERSIGNED INSURED UNDERSTANDS AND AGREES THAT THE PROVISIONS ON BOTH THE FRONT AND BACK SLOES OF THIS AGREEMENT, HE=,EBY INCORPORATEO 8Y
REFERENCE, CONSTITUTE A PART OF THIS AGREEMENT.
PRODUCER'S REPRESENTATIONS
The undersigned hereby warrants and agrees that (a) the insured's signature on this Agreement ~s genuine and that the insured has received a copy of this A;reement and the re(;~,red
federal truth-in-lending disclosures for personal lines insurance, if applicable; (b) the above policies are in full force and effect, and the information ~n the Sc,~edule of Pohc~es and
premiums are correct; (c) the insured has authorized th~s transaction and recognizes the security ~nterest assigned hereto to PIPFI; (d) the undersigned ~,.]i! r~old m trust for PIFF~ any
payments made or credited to the insured through or to the undersigned, d~rectly, indirectly, actually or constructivety by any of the insurance companies hs:ed above and to pay ~.uch
amounts to PIPFI upon demand to salish/the then outstanding indebtedness ot the insured to PIPFI ;re) any lien the undersigned now has or hereafter may ac~wre on any return prerr,,~m
arising out of the above listed insurance policies is subordinated toPIPFI's lien or security interest therein; (t) there are no exceptions to the policies bem~ financed other than
indicated, and such policies comply with PIPFI~ eligibility requ{rements; (g) no Audit or Reporting Form Policies, pohc~es subtent to retrospecb~e rating or to m~n,mum earned ~rem~um_~
included except as indicated above, and the deposit or prows~onal premmms are not less than anticipated premiums to be earned for the full term of the pohoes. ~t a policy ~s su0iect
m~mmum earned premmm. such premium ~s $ ; (h) the policies can be cancelled by the insured or the insurance com0any on ;e" L10) days' nohce, and :~e
unearned premmms will be com~uted on the standard snor~ rage or pro rata tabte except as indicated; and 0) Ihe undersigned hereby represents th&[ ~ :roceeamg ,n
'ceiversmp or ~nsotvency has not been instituted by or agmnst the named insured or, if the named insured is the subject of such a proceeding, it ~s holed on lh,s Agreement m the
tach the msured's name and address is located.
/I '-
indicate P01icI & Prefix
Number ol Exceptions
FOR INFORMATION CONTACT THE DEPARTMENT OF CORPORATIONS, STATE OF CALIFORNIA