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11575 Great Oaks Way, Suite 200 Alpharetta, GA 30022 Telephone (678) 795-4000 Facsimile (404) 264-6840 May 31, 2018 Alison Kelly Maritime Program Group 1709 Mt Vernon Rd Ste A Atlanta, GA 30338 Subject: State Of Florida - Edp Policy: INLAND MAR Term: 06/05/2018 - 06/05/2019 Dear Alison: BINDER BILL-EOC CONDITIONS: ALL STANDARD TERMS, PROVISIONS, CLAUSES AND EXCLUSIONS OF THE POLICY FORM SPECIFIED IN CHUBB’S PROPOSAL AND/OR DISCUSSED WITH Alia D Smith ARE IN EFFECT. CONDITIONS: ALL TERMS, PROVISIONS, CLAUSES AND EXCLUSIONS OF THE POLICY NOTED ABOVE ARE AS EXPIRING UNLESS OTHERWISE INDICATED. POLICY TYPE POLICY NO. COMPANY ANNUAL PREMIUM INLAND MAR 6696877 Federal Insurance Company $ $154,080 deposit POLICY TYPE COMM. PAYMENT SCHEDULE INLAND MAR 17% Annual/Agency bill IMPORTANT BINDER CONDITIONS: Coverage has been bound on this account. Premium is due 45 days after the last day of the month of the policy effective date shown above.

Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

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Page 1: Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

11575 Great Oaks Way, Suite 200 Alpharetta, GA 30022

Telephone (678) 795-4000 Facsimile (404) 264-6840

May 31, 2018 Alison Kelly Maritime Program Group 1709 Mt Vernon Rd Ste A Atlanta, GA 30338 Subject: State Of Florida - Edp

Policy: INLAND MAR

Term: 06/05/2018 - 06/05/2019

Dear Alison:

BINDER BILL-EOC CONDITIONS: ALL STANDARD TERMS, PROVISIONS, CLAUSES AND

EXCLUSIONS OF THE POLICY FORM SPECIFIED IN CHUBB’S PROPOSAL AND/OR DISCUSSED WITH Alia D Smith ARE IN EFFECT.

CONDITIONS: ALL TERMS, PROVISIONS, CLAUSES AND EXCLUSIONS OF THE POLICY NOTED ABOVE ARE AS EXPIRING UNLESS OTHERWISE INDICATED.

POLICY TYPE POLICY NO.

COMPANY ANNUAL

PREMIUM INLAND MAR 6696877 Federal Insurance Company $ $154,080

deposit POLICY TYPE COMM. PAYMENT SCHEDULE INLAND MAR 17% Annual/Agency bill IMPORTANT BINDER CONDITIONS: Coverage has been bound on this account. Premium is due 45 days after the last day of the month of the policy effective date shown above.

Page 2: Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

This binder is intended for use as evidence that insurance described above has been effected for the term indicated, against which the above policy has been issued. Please advise us immediately of any discrepancies, inaccuracies or necessary changes. This binder does not apply to the extent that trade or economic sanctions or other laws or regulations prohibit us from offering or providing insurance. To the extent any such prohibitions apply, this binder is void ab initio. Sincerely, Jasmina Mehmedovic Underwriting Associate Property and Marine cc: Branchburg - Accounting Department Maritime Program Group - Accounting Department

Page 3: Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

May 25, 2018 State Of Florida – EDP In care of Axiom Insurance Management Ltd

Licensed Producer: c/o: Alison Kelly

1709 Mt Vernon Rd Ste A Atlanta, GA 30338 Subject: Named Insured: State Of Florida Policy Type: Inland Marine EDP and Scientific Equipment

Policy Number: 6696877 Writing Company: Federal Insurance Company Dear Alison :

We are pleased to offer the enclosed quotation for State Of Florida for the period of 06/05/2018 to 06/05/2019. For your convenience, we have formatted our quotation in a “presentation-ready” layout.

Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to specifically tailor coverage for their inland marine insurance needs.

This quote letter outlines the extent of coverage we will provide on this risk. Coverage is subject to the terms and conditions of the policy as issued. Our quotation is valid for 30 days from the date of this letter. The commission rate for this policy is 22.00 %.

“Terrorism” refers to terrorism losses covered by the Terrorism Risk Insurance Act of the United States of America (15 USC 6701 note). Please refer to the Important Notice to Policyholders which outlines both the Federal Government’s and the Insurance Company’s obligation of payment under the Terrorism Risk Insurance Act.

This proposal does not apply to the extent that trade or economic sanctions or other laws or regulations prohibit us from offering or providing insurance. To the extent any such prohibitions apply, this proposal is void ab initio. This information is intended for producers that are properly licensed and authorized in at least one of the writing companies that comprise the Chubb Group of Insurance Companies (Chubb). If you are not a licensed and authorized Chubb producer, please direct this communication to the person in your office that holds such designations and contact Chubb to update the contact information for this policy. Information contained in this proposal is descriptive only. This proposal contains highlights or typical features available in our policies. These features are subject to change based upon underwriting and may or may not be available or apply to your policy. The precise coverage afforded is subject to the terms and conditions of the policies issued. The Company reserves the

Page 4: Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

right, in its sole discretion, to amend or withdraw this Proposal if the Company becomes aware of any new, corrected or updated information that the Company reasonably believes would change its underwriting evaluation. This quotation/proposal contemplates an integrated insurance program that includes all of the lines of business, terms and conditions outlined. The pricing and terms and conditions shown in this quotation/proposal cannot be separated. As such, if you reject individual components of the quote/proposal or any part of the program is cancelled and/or non-renewed, the terms and conditions of the remaining portion of the account are subject to reevaluation by the Company and all elements including program structure, pricing, as well as other terms and conditions will be subject to change. For promotional purposes, Chubb refers to member insurers of the Chubb Group of Insurance Companies underwriting coverage: Federal Insurance Company, Vigilant Insurance Company, Great Northern Insurance Company, Pacific Indemnity Company, Northwestern Pacific Indemnity Company, Texas Pacific Indemnity Company, Chubb Custom Insurance Company, Chubb Indemnity Insurance Company, Chubb Insurance Company of New Jersey, Chubb National Insurance Company, Chubb Lloyds Insurance Company of Texas. Not all insurers do business in all jurisdictions. If you have any questions, please do not hesitate to call. Sincerely,

Alia D. Smith Executive Underwriter, Commercial Insurance- Property, Inland Marine and Ocean Cargo 11575 Great Oaks Way, Suite 200, Alpharetta, GA 30022, USA O 470-415-5416 M 404-661-2473 F 678-795-4360 E [email protected] Attachments

Page 5: Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

ELECTRONIC DATA PROCESSING and SCIENTIFIC EQUIPMENT

QUOTATION

Named Insured: State Of Florida Policy Period: 06/05/2018 to 06/05/2019 Policy Number: 6696877 Writing Company: Federal Insurance Company Limits of Insurance: $274,584,108 any one occurrence, not to exceed: $244,152,259 Owned EDP $10,089,745 Leased EDP $14,862,670 Owned Scientific Equipment $4,119,472

$311,683 Leased Scientific Equipment Owned EDP CAMLs

$1,048,279 Leased USF CAMLS equip $300,000 Maximum any one item Scientific

Equipment $not covered Flood annual aggregate $not covered Earthquake annual aggregate;

Deductible: $500 Per occ. Claims < $10,000 $2,500 Per occ. Claims = or > $10,000 $100,000 Per occ. Wind leased equipment

Coverage: See Attached, and/or as per Additional Provisions below

Total Insured Values: $274,584,108

Policy Premium: $154,080 deposit

Reporting: Quarterly

Terrorism: Excluded

See next page for terms and pricing.

Page 6: Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

RATES:

Owned EDP and Scientific Equipment .04 $259,326,612 $103,731

Leased EDP and Scientific Equipment .33 $15,257,496 $50,349

ALL PRICING APPLIES TO VALUES FOUND IN BID DOCUMENT EXHIBIT “O”. ANY CHANGES TO THOSE

VALUES THAT RESULTS IN A DECREASE IN EXCESS OF 10% WILL RESULT IN A REVIEW AND POSSIBLE

CHANGE IN RATES.

IT IS AGREED (VIA SIGNED PRICING DOCUMENT) RATES WILL REMAIN IN PLACE CURRENT YEAR + 1

ADDITIONAL YEARS AS LONG AS ALL PARAMETERS ARE ADHERED TO AS FOUND WITHIN THE PRICING

DOCUMENT.

Additional Endorsements: Amend territory covered to WorldWide

Owned Equipment- coverage excluded for fire, lightning, explosion, wind, hail, smoke, riot or civil

commotion, sinkhole collapse, frost or cold weather, ice, snow or sleet, vehicles

“Terrorism” refers to terrorism losses covered by the Terrorism Risk Insurance Act of the United States of America (15 USC 6701 note). Please refer to the Important Notice to Policyholders which outlines both the Federal Government’s and the Insurance Company’s obligation of payment under the Terrorism Risk Insurance Act.

Please note the underwriting company in which this quote is being offered. All insurers of the Chubb Group of Insurance Companies share the same financial ratings. The portion attributable to Taxes and Surcharges is an estimate. The Insured is responsible for the total amount, if bound, shown on the premium bill and/or premium summary, regardless of the amount shown above.

Page 7: Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

EELLEECCTTRROONNIICC DDAATTAA PPRROOCCEESSSSIINNGG && SSCCIIEENNTTIIFFIICC

EEQQUUIIPPMMEENNTT CCoovveerraaggee

SSuummmmaarryy

Covered Property: Electronic data processing equipment, meaning data processing systems; electronic systems consisting of separately identifiable and removable component memory or control boxes that are attached to and control production machinery, but not the production machinery itself; and equipment, component parts and related peripheral equipment, including air conditioning

and fire protective equipment, used solely for data processing operations, you own or in your care, custody or control.

Covered Property: Scientific equipment, meaning equipment used for scientific and medical research or equipment used for medical diagnosis, you own or in your care, custody or control.

Perils: Direct physical loss or damage from a peril not otherwise excluded.

Valuation: Replacement cost, unless otherwise specified.

AAddddiittiioonnaall

CCoovveerraaggee!!

$1,000,000 Newly Acquired Premises (180 days) $ 500,000 Newly Acquired Property (180 days) $ 100,000 Newly Acquired Media or Duplicates (180 days) $ 100,000 Debris Removal $ 50,000 Transit $ 25,000 Fire Department Service Charges $ 25,000 Inventory or Appraisals $ 25,000 Pollutant Clean-Up (annual aggregate) $ 10,000 Fire Protection Equipment Refill

SSoommee UUnniiqquuee

FFeeaattuurreess

Valuation includes pro-rated cost for the unused portion of non-

refundable extended warranties, maintenance contracts or service contracts purchased, which are no longer valid on lost or damaged equipment that is repaired or replaced.

No coinsurance. No exclusions for atmospheric condition and temperature changes,

breakage, inherent vice or disappearance. Recoveries from salvage or subrogation accrue to your benefit first to

make up the deductible, coinsurance penalty or inadequate limit, before it accrues to our benefit.

EExxtteennssiioonnss ooff

CCoovveerraaggee

Removal -- We pay for any direct physical loss or damage to covered property while it is being moved to or while stored at another location for up to 180 days or the cost to remove covered property from a premises to preserve it from loss or damage caused by or resulting from a peril not otherwise excluded.

CChhuubbbb SSeerrvviicceess

&& QQuuaalliittiieess

Commitment: For more than 40 years, we have underwritten Inland Marine insurance. That’s why we understand loss prevention, loss valuation methods, security techniques, and effective management practices that are unique to Inland Marine.

Claim Handling: We treat policyholders fairly and respond quickly when a loss occurs - usually within 24 hours of notification. Chubb continues to receive high ratings for financial stability from A.M. Best, Standard & Poors and Moody's.

Loss Control: Our global network of loss control consultants can help you minimize the size of losses. We’re also available for damage control should a loss occur. Chubb experts have, on average, 15 years of on-the-job, practical experience and some are specialists in contractors’ equipment. More than 70% hold professional designations and 20% hold advanced degrees in areas such as business administration and engineering.

Page 8: Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

The above are some features of our policy form 04-02-0590 and are descriptive only. Modifications to this description may be contained elsewhere in this quote letter. The precise coverage afforded is subject to the terms and conditions of the policy as issued.

Page 9: Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

This Notice pertains to the following quotation issued by an insurer of the Chubb Group of Insurance Companies. If you have more than one Chubb policy, you will receive individual notice(s) for each policy to which the Terrorism Risk Insurance Act applies. Mailing Date May 18, 2018 Insured Name State Of Florida - Edp Mailing Street Address 4050 Esplanade Way, Suite 315 Mailing City, State, Zip Tallahassee, Florida 32399 Policy Type Policy Number Effective Date Underwriting Company

Inland Marine 6696877 06/05/2018 Federal Insurance Company IMPORTANT NOTICE TO POLICYHOLDER

TERRORISM RISK INSURANCE ACT You are hereby notified that pursuant to the Terrorism Risk Insurance Act (the “Act”) we are making available to you insurance for losses arising out of certain acts of terrorism. Terrorism is defined as any act certified by the Secretary of the Treasury 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 an air carrier or vessel 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.

You should know that the insurance provided by your policy for losses caused by acts of terrorism is partially reimbursed by the United States of America under the formula set forth in the Act. Under this formula, the United States of America pays 85% of covered terrorism losses that exceed the statutorily established deductible to be paid by the insurance company providing the insurance. Beginning in 2016, the Federal Share will be reduced by 1% per year until it reaches 80%, where it will remain. However, if aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act exceed $100 billion in a calendar year, the Treasury shall not make any payment for any portion of the amount of such losses that exceeds $100 billion. If aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act exceed $100 billion in a calendar year and we have met our insurer deductible under the Terrorism Risk Insurance Act, we shall not be liable for the payment of any portion of the amount of such losses that exceeds $100 billion, and in such case insured losses up to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury. The portion of your annual premium that is attributable to insurance for such acts of terrorism is: $ If you elect not to purchase coverage for terrorism and your policy provides commercial property insurance

in a jurisdiction that has a statutory standard fire policy, the premium shown here for Ensuing Fire is the

amount attributable to the insurance provided pursuant to that statutory standard fire policy. This coverage

cannot be rejected. That amount is $ Important Notice

Form 99-10-0728 (Rev.01-15) Inland Marine - Important Notice to Policyholder Page 1 of 3

Page 10: Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

This Notice pertains to the following quotation issued by an insurer of the Chubb Group of Insurance Companies. If you have more than one Chubb policy, you will receive individual notice(s) for each policy to which the Terrorism Risk Insurance Act applies. Mailing Date May 18, 2018 Insured Name State Of Florida - Edp Mailing Street Address 4050 Esplanade Way, Suite 315 Mailing City, State, Zip Tallahassee, Florida 32399 Policy Type Policy Number Effective Date Underwriting Company

Inland Marine 6696877 06/05/2018 Federal Insurance Company

Under the Act, you have thirty (30) days from the date of this notice to consider whether or not you wish to

maintain insurance for terrorism losses covered by the Act.

If you elect not to maintain this insurance, please so indicate by placing an “X” in the space provided on the

next page, sign and return this disclosure notice to your agent or broker as soon as possible. By electing not to

maintain this insurance, you agree that we may attach a terrorism exclusion or sublimits to your policy. If

you do not sign and return this disclosure notice, you will be deemed to have decided to maintain this

insurance, subject to the next paragraph.

If you elect to maintain this insurance, you must pay the premium disclosed above, otherwise we will avail

ourselves of our normal remedies for nonpayment of premium, including cancellation of your policy in

accordance with its terms.

Important Notice

Form 99-10-0728 (Rev.01-15) Inland Marine - Important Notice to Policyholder Page 2 of 3

Page 11: Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

This Notice pertains to the following quotation issued by an insurer of the Chubb Group of Insurance Companies. If you have more than one Chubb policy, you will receive individual notice(s) for each policy to which the Terrorism Risk Insurance Act applies. Mailing Date May 18, 2018 Insured Name State Of Florida - Edp Mailing Street Address 4050 Esplanade Way, Suite 315 Mailing City, State, Zip Tallahassee, Florida 32399 Policy Type Policy Number Effective Date Underwriting Company

Inland Marine 6696877 06/05/2018 Federal Insurance Company

Rejection of terrorism insurance:

I hereby reject terrorism insurance and elect to have a terrorism exclusion, sublimit or other limitation

included in my policy. I understand that I will have no, or limited, coverage for losses arising from acts of

terrorism.

Policyholder/Applicant’s Name:

Policyholder/Applicant’s Signature:

Date:

Important Notice

Form 99-10-0728 (Rev.01-15) Inland Marine - Important Notice to Policyholder Page 3 of 3

Page 12: Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

ELECTRONIC DATA PROCESSING and SCIENTIFIC EQUIPMENT

BINDER Named Insured: State Of Florida Policy Period: 06/05/2017 to 06/05/2018 Policy Number: 6696877 Writing Company: Federal Insurance Company Limits of Insurance: $267,931,349 any one occurrence, not to exceed: $247,500,767 Owned EDP $10,636,889 Leased EDP $1,640,075 Owned Scientific Equipment $6,470,435

$311,683 Leased Scientific Equipment Owned USF CAMLS EDP

$1,371,500 Leased USF CAMLS equip $300,000 Maximum any one item Scientific

Equipment $not covered Flood annual aggregate $not covered Earthquake annual aggregate;

Deductible: $500 Per occ. Claims < $10,000 $2,500 Per occ. Claims = or > $10,000 $100,000 Per occ. Wind leased equipment

Coverage: See Attached, and/or as per Additional Provisions below

Total Insured Values: $267,931,349

Policy Premium: $160,761 deposit

Reporting: Quarterly

Terrorism: Excluded (not purchased) – Please return rejection form

See next page for terms and pricing.

Page 13: Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

RATES: Owned EDP, Scientific Equipment, and CAMLS .04 Leased EDP, Scientific Equipment and CAMLS .33 ALL PRICING APPLIES TO VALUES FOUND IN SOV PROVIDED VIA EMAIL 6/2/2017. ANY CHANGES TO THOSE VALUES THAT RESULTS IN A DECREASE IN EXCESS OF 10% WILL RESULT IN A REVIEW AND POSSIBLE CHANGE IN RATES. IT IS AGREED (VIA SIGNED PRICING DOCUMENT) RATES WILL REMAIN IN PLACE CURRENT YEAR + 3 ADDITIONAL YEARS AS LONG AS ALL PARAMETERS ARE ADHERED TO AS FOUND WITHIN THE PRICING DOCUMENT. Additional Endorsements:

• Amend territory covered to WorldWide • Owned Equipment- coverage excluded for fire, lightning, explosion, wind, hail, smoke, riot or civil

commotion, sinkhole collapse, frost or cold weather, ice, snow or sleet, vehicles “Terrorism” refers to terrorism losses covered by the Terrorism Risk Insurance Act of the United States of America (15 USC 6701 note). Please refer to the Important Notice to Policyholders which outlines both the Federal Government’s and the Insurance Company’s obligation of payment under the Terrorism Risk Insurance Act.

Page 14: Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

EELLEECCTTRROONNIICC DDAATTAA PPRROOCCEESSSSIINNGG && SSCCIIEENNTTIIFFIICC EEQQUUIIPPMMEENNTT CCoovveerraaggee SSuummmmaarryy

Covered Property: Electronic data processing equipment, meaning data processing systems; electronic systems consisting of separately identifiable and removable component memory or control boxes that are attached to and control production machinery, but not the production machinery itself; and equipment, component parts and related peripheral equipment, including air conditioning

and fire protective equipment, used solely for data processing operations, you own or in your care, custody or control.

Covered Property: Scientific equipment, meaning equipment used for scientific and medical research or equipment used for medical diagnosis, you own or in your care, custody or control.

Perils: Direct physical loss or damage from a peril not otherwise excluded.

Valuation: Replacement cost, unless otherwise specified.

AAddddiittiioonnaall CCoovveerraaggee!!

$1,000,000 Newly Acquired Premises (180 days) $ 500,000 Newly Acquired Property (180 days) $ 100,000 Newly Acquired Media or Duplicates (180 days) $ 100,000 Debris Removal $ 50,000 Transit $ 25,000 Fire Department Service Charges $ 25,000 Inventory or Appraisals $ 25,000 Pollutant Clean-Up (annual aggregate) $ 10,000 Fire Protection Equipment Refill

SSoommee UUnniiqquuee FFeeaattuurreess

Valuation includes pro-rated cost for the unused portion of non-

refundable extended warranties, maintenance contracts or service contracts purchased, which are no longer valid on lost or damaged equipment that is repaired or replaced.

No coinsurance. No exclusions for atmospheric condition and temperature changes,

breakage, inherent vice or disappearance. Recoveries from salvage or subrogation accrue to your benefit first to

make up the deductible, coinsurance penalty or inadequate limit, before it accrues to our benefit.

EExxtteennssiioonnss ooff CCoovveerraaggee

Removal -- We pay for any direct physical loss or damage to covered property while it is being moved to or while stored at another location for up to 180 days or the cost to remove covered property from a premises to preserve it from loss or damage caused by or resulting from a peril not otherwise excluded.

CChhuubbbb SSeerrvviicceess && QQuuaalliittiieess

Commitment: For more than 40 years, we have underwritten Inland Marine insurance. That’s why we understand loss prevention, loss valuation methods, security techniques, and effective management practices that are unique to Inland Marine.

Claim Handling: We treat policyholders fairly and respond quickly when a loss occurs - usually within 24 hours of notification. Chubb continues to receive high ratings for financial stability from A.M. Best, Standard & Poors and Moody's.

Loss Control: Our global network of loss control consultants can help you minimize the size of losses. We’re also available for damage control should a loss occur. Chubb experts have, on average, 15 years of on-the-job, practical experience and some are specialists in contractors’ equipment. More than 70% hold professional designations and 20% hold advanced degrees in areas such as business administration and engineering.

Page 15: Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

The above are some features of our policy form 04-02-0590 and are descriptive only. Modifications to this description may be contained elsewhere in this quote letter. The precise coverage afforded is subject to the terms and conditions of the policy as issued.

Page 16: Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

This Notice pertains to the following quotation issued by an insurer of the Chubb Group of Insurance Companies. If you have more than one Chubb policy, you will receive individual notice(s) for each policy to which the Terrorism Risk Insurance Act applies. Mailing Date April 28, 2017 Insured Name State Of Florida - Edp Mailing Street Address 4050 Esplanade Way, Suite 315 Mailing City, State, Zip Tallahassee, Florida 32399 Policy Type Policy Number Effective Date Underwriting Company Inland Marine 6696877 06/05/2017 Federal Insurance Company IMPORTANT NOTICE TO POLICYHOLDER

TERRORISM RISK INSURANCE ACT You are hereby notified that pursuant to the Terrorism Risk Insurance Act (the “Act”) we are making available to you insurance for losses arising out of certain acts of terrorism. Terrorism is defined as any act certified by the Secretary of the Treasury 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 an air carrier or vessel 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. You should know that the insurance provided by your policy for losses caused by acts of terrorism is partially reimbursed by the United States of America under the formula set forth in the Act. Under this formula, the United States of America pays 85% of covered terrorism losses that exceed the statutorily established deductible to be paid by the insurance company providing the insurance. Beginning in 2016, the Federal Share will be reduced by 1% per year until it reaches 80%, where it will remain. However, if aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act exceed $100 billion in a calendar year, the Treasury shall not make any payment for any portion of the amount of such losses that exceeds $100 billion. If aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act exceed $100 billion in a calendar year and we have met our insurer deductible under the Terrorism Risk Insurance Act, we shall not be liable for the payment of any portion of the amount of such losses that exceeds $100 billion, and in such case insured losses up to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury. The portion of your annual premium that is attributable to insurance for such acts of terrorism is: $ If you elect not to purchase coverage for terrorism and your policy provides commercial property insurance in a jurisdiction that has a statutory standard fire policy, the premium shown here for Ensuing Fire is the amount attributable to the insurance provided pursuant to that statutory standard fire policy. This coverage cannot be rejected. That amount is $ Important Notice Form 99-10-0728 (Rev.01-15) Inland Marine - Important Notice to Policyholder Page 1 of 3

Page 17: Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

This Notice pertains to the following quotation issued by an insurer of the Chubb Group of Insurance Companies. If you have more than one Chubb policy, you will receive individual notice(s) for each policy to which the Terrorism Risk Insurance Act applies. Mailing Date April 28, 2017 Insured Name State Of Florida - Edp Mailing Street Address 4050 Esplanade Way, Suite 315 Mailing City, State, Zip Tallahassee, Florida 32399 Policy Type Policy Number Effective Date Underwriting Company Inland Marine 6696877 06/05/2017 Federal Insurance Company Under the Act, you have thirty (30) days from the date of this notice to consider whether or not you wish to maintain insurance for terrorism losses covered by the Act. If you elect not to maintain this insurance, please so indicate by placing an “X” in the space provided on the next page, sign and return this disclosure notice to your agent or broker as soon as possible. By electing not to maintain this insurance, you agree that we may attach a terrorism exclusion or sublimits to your policy. If you do not sign and return this disclosure notice, you will be deemed to have decided to maintain this insurance, subject to the next paragraph. If you elect to maintain this insurance, you must pay the premium disclosed above, otherwise we will avail ourselves of our normal remedies for nonpayment of premium, including cancellation of your policy in accordance with its terms. Important Notice Form 99-10-0728 (Rev.01-15) Inland Marine - Important Notice to Policyholder Page 2 of 3

Page 18: Maritime Program Group 1709 Mt Vernon Rd Ste A Policy ......Chubb’s Inland Marine approach is to work with Axiom Insurance Management Ltd and the management of State Of Florida to

This Notice pertains to the following quotation issued by an insurer of the Chubb Group of Insurance Companies. If you have more than one Chubb policy, you will receive individual notice(s) for each policy to which the Terrorism Risk Insurance Act applies. Mailing Date April 28, 2017 Insured Name State Of Florida - Edp Mailing Street Address 4050 Esplanade Way, Suite 315 Mailing City, State, Zip Tallahassee, Florida 32399 Policy Type Policy Number Effective Date Underwriting Company Inland Marine 6696877 06/05/2017 Federal Insurance Company Rejection of terrorism insurance:

I hereby reject terrorism insurance and elect to have a terrorism exclusion, sublimit or other limitation included in my policy. I understand that I will have no, or limited, coverage for losses arising from acts of terrorism. Policyholder/Applicant’s Name: Policyholder/Applicant’s Signature: Date: Important Notice Form 99-10-0728 (Rev.01-15) Inland Marine - Important Notice to Policyholder Page 3 of 3

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