HomeMy WebLinkAboutCity of Tamarac Resolution R-88-3231
2
3
4
M
26
27
28
29
30
33
34
35
Temp. Reso. #5249
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-88-
A RESOLUTION AWARDING BIDS FOR GROUP LIFE
AND ACCIDENTAL DEATH AND DISMEMBERMENT
INSURANCE TO NORTH AMERICAN LIFE ASSURANCE
COMPANY, BID #88-38; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City's contract with Sun Life of Canada
expires on November 30, 1988; and
WHEREAS, the City requested and opened sealed bids for
employee group health and life insurance coverage; and
WHEREAS, these bids have been analyzed by the Personnel
Director/Risk Manager.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
TAMARAC, FLORIDA:
SECTION 1: That the City of Tamarac hereby awards Life
and Accidental Death and Dismemberment Insurance to North
American Life Assurance Company at a rate of $.31 per $1,000
of life insurance, and $.04 per $1,000 of Accidental Death
and Dismemberment Insurance.
SECTION 2: That the City of Tamarac, along with its
Master Application, will submit a City check in the amount of
$2,692.38 (two thousand six hundred ninety-two dollars/.38),
which represents the estimated first months' premium as shown
in the bid proposal.
SECTION 3: That the rates of $.31 per $1,000 of life
insurance and $.04 per $1,000 of Accidental Death and Dis-
memberment Insurance are guaranteed for a 26-month period.
SECTION 4: This Resolution shall be in full force and
effect December 1, 1988.
PASSED, ADOPTED AND APPROVED this day of
CITY CLERK
I HEREBY CERTIFY that I have
approved this Resolution as
to form.
rDIS T WU L C/ M ROHIR
DISTRICT 2: @r FI_ ER
DISTRICT 3: _ a/r� HOFFMAN
DISTRiC"i 4- . / SEND R
RICHARD DOODY
CITY ATTORNEY
" North American Life Penthouse A Fred R. Crofoot
Assurance Company 1040 Bayview Drive Regional Group Manager 5
ti P Np �
Fort Lauderdale, FL
33304-2579�
305/566-3373 Alt)V '
`i
2*8
4, Veir.
NORTH AME AN LIF .
October 31, 1988 r�
City of Tamarac
5811 N. W. 88 Avenue
l Tamarac, FL 33321
Attention: Lawrence Perretti, Director of Personnel
Re: Group Life Proposal
Dear Larry:
r
We were delighted to be advised that our proposal for Group Life insurance
which was submitted October 13 with an assumed effective date of•October 1
was the most competitive proposal submitted to the City of Tamarac. ri'�'y
Our rates for Life and AD&D of $.31/.04 compare quite favorably with the $c1
renewal rates of Sun Life of $.361/.04$ and represent a savings to the
City of Tamarac of over thirteen percent.
At the request of Rachman Insurance Services, this letter will confirm to
you that the proposed rates with an assumed effective date of November 1 will
still be valid with an assumed effective date no later than December L . These
rates also included a twenty six month rate guarantee.
We are enclosing with this letter a Master Application which should be signed
and dated no later than the selected effective date of your program. Attached
to the application should be the (-Iity's check in the amount of $2,692.38
• representing the estimated first month premium as shown in our proposal. No
enrollment cards are necessary as your plan with Sun Life is simply being
duplicated by North American Life and a current payroll listing will suffice.
As we have enjoyed our relationship with the City.of Tamarac for well over a
year in providing LTD benefits, we particularly welcome the opportunity to
add your city to our evergrowing list of Group Life policyholders.
if I can be of any assistance to you in answering a question or two regarding
our Group Life insurance program as proposed at November 1, please do not
hesitape")to give my office a call.
5incroly,
Fr fl �ft�rofoot
Re ion 1 Group Manager
FRC/cm
cc: Rachman Insurance Services, Daniel B. Rachman
0
aster Application For Group Insurance
We,
Full Legal Name of Applicant
I
I�
NORTH AMERICAN LIFE
apply to North American Life Assurance Company (the Company) for the Group Insurance Benefits checked below in
cordance with the details set out on the attached pages.
•Gracoup Group Life Insurance ❑ Weekly Income Insurance
Insurance KAccidental Death and Dismemberment Insurance ❑ Long Term Disability Income
Benefits ❑ Dependent's Life Insurance Insurance
Details of plan are given in the attached Appendix pages. ❑
Effective
Date
We agree to the STANDARD CONDITIONS FOR COMMENCEMENT OF INSURANCE printed on the
reverse and subject to these conditions we request that insurance become effective on:
Date
If the MINIMUM ENROLLMENT REQUIREMENTS are not satisfied by such date we request that:
Jls•I Insurance be provided for one month for all eligible Employees.
❑ Insurance be provided for one month for all eligible Employees who were
insured under the plan being replaced.
❑ Insurance not commence until such requirements are satisfied.
Premium I We hereby tender an initial premium in the amount of $ -IfI
The Applicant acknowledges and agrees that:
1. The statements recorded in the Master Application are true and complete to the best of his knowledge
and belief and form the basis of any policy or policies which may be issued by the Company.
2. The Appendix pages which are attached form part of the Master Application.
3. The insurance requested in this Master Application will come into force only if approved by the
Company at its Group Division Head Office.
4. Acceptance of any policy or policies of insurance issued as a result of this Master Application will
be deemed acceptance of the terms and conditions of the policy or policies.
5. If more than one policy of insurance is issued to the Applicant as a result of this Master Application
• or any subsequent application, the policies bearing the same number will be considered as one
contract for the purpose of premium payments.
No change will be made by the Company which affects:
81 the amount and commencement date of insurance;
b) any plan of benefits;
c) the classes of Employees to be insured; or
d) the classification of risk;
unless the change or changes are agreed to by the Applicant in writing.
Signed at
this
V
WITNESS (if not under seal)
LICENSED R SIDENT G T (when required by law)
18
S NATURE OF �AQUTHORIZED OFFICIAL
AND TITIB OR OFFICE
G
day of
TATIVE
r�
U
4.86