NAMED INSURED:

Miami Valley Risk Management Association (MVRMA)

DECLARATION:

1-Cities 1

POLICY PERIOD:

July 1, 2010 to July 1, 2011

COMPANIES:

(See policy for complete list of companies)

TOTAL INSURED VALUES:

$ 925,070,863 as of June 28, 2010

COVERAGES & LIMITS:

$     1,000,000,000   Per Occurrence: All Perils, Coverages (subject to policy exclusions) and Insureds/Members combined, subject to the following per occurrence and/or aggregate sub-limits as noted.

$          25,000,000   Dedicated Flood Limit - Per Occurrence & Annual Aggregate

$           5,000,000   Per occurrence and annual aggregate for all locations in Flood Zone A & V 

$          25,000,000   Dedicated Earthquake Shock - Per Occurrence & Annual Aggregate

$        100,000,000   Combined Business Interruption, Rental Income and Tax Interruption (and related fees) Per Member except $500,000/$2,500,000 maximum Per Occurrence limit if ic values are not reported by member.  BI Coverage for Power generating Plants is excluded unless otherwise specified..      

$          50,000,000   Extra Expense

$          25,000,000   Miscellaneous Unnamed Locations for existing Members.  If Flood coverage is purchased for all scheduled locations, this extension will extend to include Flood coverage for any location not situated in Flood Zones A or V.

        180 Days     BI Extended Period of Indemnity

See Policy Provisions $25,000,000 Automatic Acquisition up to $100,000,000 for 90 days excluding licensed vehicles for which a sublimit of $10,000,000 applies per policy Automatic Acquisition Clause.  If Flood coverage is purchased for all scheduled locations, this extension will extend to include Flood coverage for any location not situated in Flood Zones A or V.

$           1,000,000   Unscheduled Landscaping, tees, sand traps, greens and athletic fields and further subject to $25,000 / 25 gallon maximum per item

$           5,000,000   Scheduled Landscaping, tees, sand traps, greens and athletic fields and further subject to $25,000 / 25 gallon maximum per item.

$          50,000,000 Errors & Omissions

$          25,000,000   Course of Construction and Additions (including new) for projects with completed values not exceeding the sublimit shown.

$           2,500,000   Money & Securities for named perils only

$           2,500,000   Unscheduled Fine Arts

$              250,000   Accidental Contamination per occurrence and annual aggregate per member with $500,000 annual aggregate for all insureds / members

$              500,000   Unscheduled Tunnels, Bridges, Dams, Catwalks (except those not for public use), Roadways, Highways, Streets, Sidewalks, Culverts, Street Lights and Traffic Signals unless a specific value has been declared (excluding coverage for the peril of Earthquake Shock,  and excluding Federal Emergency Management Agency (FEMA) and/or Office of Emergency Services (OES) declared disasters)

$          25,000,000   Increased Cost of Construction due to the enforcement of building codes/ ordinance or law (includes All Risk and Boiler & Machinery)

$          25,000,000   Transit

$           2,500,000  Unscheduled Animals; not to exceed $50,000 per Animal, per Occurrence

$           2,500,000   Unscheduled Watercraft up to 27 feet

              Included  Per Occurrence for Vehicle Physical Damage Limit

$          25,000,000   Off Premises Services Interruption including Extra Expense resulting from a covered peril at non-owned/operated locations

$            3,000,000   Contingent Business Interruption, Contingent Rental Values, Contingent Tax Interruption and Contingent Extra Expense separately

$              500,000   Jewelry, Furs, Precious Metals and Precious Stones Separately

$            1,000,000   Claims Preparation Expenses

$          50,000,000   Expediting Expenses

$            1,000,000   Personal Property Outside of the USA

$          100,000,000 per member/entity per occurrence subject to $200,000,000 Annual Aggregate of Declarations 1-13, 17, 18, 19, 20, 21, 30 and 32 combined as respects Property Damage, Business Interruption, Rental Income and Extra Expense Combined for Terrorism (Primary Layer)

 $        250,000,000   Per Member/Entity for Terrorism (Excess Layer) subject to;

$         550,000,000 Per Occurrence, All Members combined in Declarations 1-9, 11, 12, 19, 20, 21 30 and 32 for Terrorism (Excess Layer) subject to;

$         850,000,000 Annual Aggregate shared by all Members/Entities combined in Declarations 1-9, 11, 12, 19, 20, 21, 30 and 32 as respects Property Damage, Business Interruption, Rental Income and Extra Expense combined for Terrorism (Excess Layer)

            Included    Information Security & Privacy Insurance with electronic Media Liability coverage, see attached Cyber Coverage Summary for applicable Limits. (Cyber Liability)

VALUATION:

·     Repair or Replacement cost

·     Actual Loss Sustained for Time Element Coverages

·     Vehicles & Contractor’s Equipment / either Replacement Cost or Actual Cash Value as declared by each member.  If  not declared, valuation will default to actual cash value

EXCLUSIONS

(Including but not

limited to):

·         Seepage & Contamination

·         Cost of Clean-up for Pollution

·         Mold

ALL RISK BASIC

DEDUCTIBLE:

$              250,000   Per Occurrence, which to apply in the event a more specific deductible is not applicable to a loss

DEDUCTIBLES FOR SPECIFIC PERILS AND COVERAGES:

$              250,000   Per Occurrence for Flood Zones A & V

$              100,000   All Flood Zones Per Occurrence excluding Flood Zones A & V

$              100,000   Earthquake Shock:  If the stated deductible is a flat dollar amount, the deductible will apply on a Per Occurrence basis. 

$                 1,000   Per Occurrence for Specially Trained Animals

$              500,000   Per Occurrence for Unscheduled Tunnels, Bridges, Dams, Catwalks (except those not for public use), Roadways, Highways, Streets, Sidewalks, Culverts, Street Lights and Traffic Signals unless a specific value has been declared (excluding coverage for the peril of Earthquake Shock,  and excluding Federal Emergency Management Agency (FEMA) and/or Office of Emergency Services (OES) declared disasters)

24 Hour Waiting Period for Service Interruption for All Perils and Coverages

2.5% of annual Tax Value per Location for Tax Interruption

AGREED Vehicle Valuation Basis

$          250,000   Per Occurrence for Contractor's Equipment

$          250,000   Per Occurrence for Primary Terrorism

$          500,000   Per Occurrence for Excess Terrorism (Applies only if the Primary Terrorism Limit is exhausted)

       Included         Information Security & Privacy Insurance with Electronic Media Liability coverage.  See attached Cyber Coverage summary for applicable deductibles.  (Cyber Liability)

CONDITIONS:

25% Minimum Earned Premium and cancellations subject to 10% penalty

NOTICE OF CANCELLATION:

90 days except 10 days for non-payment of premium

NAMED INSURED:

Miami Valley Risk Management Association (MVRMA)

DECLARATION:

1-Cities 1

POLICY PERIOD:

July 1, 2010 to July 1, 2011

COMPANIES:

(See policy for complete list of companies)

TOTAL INSURED VALUES:

$ 925,070,863 as of June 28, 2010

COVERAGES & LIMITS:

$  100,000,000   Boiler Explosion & Machinery Breakdown, as respects Combined Property Damage and Business Interruption/Extra Expense (Including Bond Revenue Interest Payments where Values Reported and excluding Business Interruption for power generating facilities unless otherwise specified).  Limit includes loss adjustment agreement, defense costs outside of limits and electronic computer or electronic data processing equipment with the following sub-limits:

        Included    Inspection Services

$    10,000,000   Per Occurrence for Utility Interruption for Utilities owned by others

$    10,000,000   Per Occurrence for Ammonia Contamination

$    10,000,000   Per Occurrence for Water Damage

$    10,000,000   Per Occurrence for Consequential Damage

$    10,000,000   Per Occurrence for Electronic Data Processing Media

$     2,000,000   Per Occurrence for Annual Aggregate per declaration for Earthquake Resultant Damage

$     1,000,000   Per Occurrence for Hazardous Substance

       Included    Per Occurrence for Machine or Apparatus used for Research, Diagnosis, Medication, Surgical, Therapeutic, Dental or Pathological Purposes

NAMED INSURED CLAUSE:

Named Insured covers entities you acquire or in which you have 50% or more ownership or contractual control prior to loss

NEWLY ACQUIRED

LOCATIONS:

$    25,000,000   Automatic Acquisition for Boiler & Machinery values at newly acquired locations.  Values greater than $25,000,000 or Power Generating Facilities must be reported within 90 days and must have prior underwriting approval prior to binding

VALUATION:

Repair or Replacement except Actual Loss sustained for all Time Element coverages

EXCLUSIONS

(Including but not limited to):

·     Testing

·     Explosion, except for steam or centrifugal explosion

·     Explosion of gas or unconsumed fuel from furnace of the boiler

OBJECTS EXCLUDED:

(Including but not limited to):

·     Insulating or refractory material

·     Buried Vessels or Piping

·     Furnace, Oven, Stove, Incinerator, Pot Kiln

TYPE OF INSURANCE:

  Insurance

TYPE OF COVERAGE:

PROGRAM:

 NAMED INSURED:

Information Security & Privacy Insurance with Electronic Media Liability Coverage

Public Entity Property Insurance Program (PEPIP)

 Any member(s), entity (ies), agency(ies), organizations(s), enterprise(s) and/or individuals(s) attached to each Declaration insured as per schedule on file with Insurer.

DECLARATION:

Various Declarations as on file with Insurer

POLICY PERIOD:

July 1, 2010 to July 1, 2011

RETROACTIVE DATE:

PEPIP

July 1, 2010      For members associated with the July 1, 2010/11 policy

COMPANIES:

Lloyd’s of London - Beazley Syndicate:

            Syndicates 2623 - 623   - 100%

COVERAGES & LIMITS:

THIRD PARTY LIABILITY

Ai.

$              20,000,000   Annual Policy and Program Aggregate Limit of Liability (subject to policy exclusions) for all Insureds/Members combined (Aggregate for all coverages combined, including Claims Expenses), subject to the following sub-limits as noted.

Aii.

$                2,000,000     Annual Aggregate Limit of Liability for each Insured/Member for Information Security & Privacy Liability (Aggregate for all coverages combined, including Claim Expenses) but sublimited to:

B.

$                  500,000   Annual Policy Aggregate Limit of Liability for each Insured/Member Privacy Notification Costs coverage.  Limit is $1,000,000 if Beazley vendor services are used.

C.

$                2,000,000   Annual Policy Aggregate Limit of Liability for each Insured/Member for all Claims Expenses and Penalties for Regulatory Defense and Penalties

D.

$                2,000,000   Annual Policy Aggregate Limit of Liability for each Insured/Member for all Damages and Claims Expenses for Website Media Content Liability (Occurrence Based)

The sub-limits of liability displayed above in Items B, C and D are part of, and not in addition to, the overall Annual Aggregate Limit of Liability for each Insured/Member (Item Aii)

FIRST PARTY COMPUTER SECURITY

E.

$                2,000,000   Policy Aggregate Sublimit of Liability for each Insured/Member for Cyber Extortion Loss

F.

$                2,000,000   Policy Aggregate Sublimit of Liability for each Insured/Member for Data Protection Loss and Business Interruption Loss

G.

                                  First Party Business Interruption Sub-Limits of Liability for each Insured/Member

$                    25,000   1) Hourly Sublimit

$                    25,000   2) Forensic Expense Sublimit

$                  100,000   3) Dependent Business Interruption Sublimit.

NOTICE:

Policy coverage sections I.A - Information Security & Privacy Liability, I.B.- Privacy Notification Costs and I.C.-Regulatory Defense & Penalties of this policy provide coverage on a claims made and reported basis; except as otherwise provided, coverage under these insuring agreements applies only to claims first made against the insured and reported to underwriters during the policy period. Claims expenses shall reduce the applicable limit of liability and are subject to the applicable retention.

EXTENDED REPORTING PERIOD:

To be determined at the time of election (additional premium will apply)

SPECIFIC COVERAGE PROVISIONS:

A.

Information Security and Privacy Liability pays on behalf of the Insured/Member damages and claims expenses excess of the retention which the Insured/Member shall become legally obligated to pay because of any claim, including a claim for violation of a privacy law first made against the Insured/Member and reported to underwriters during the policy period for

• theft, loss or unauthorized disclosure of personally identifiable non-public information or third party corporate information that is in the care, custody or control of the Insured/Member, or an independent contractor that is holding, processing or transferring such information on behalf of the Insured/Member.
• Acts or incidents that directly result from the failure of computer security to prevent a security breach including
  • Alteration, corruption, destruction, deletion, or damage to a data asset stored on computer systems
  • Failure to prevent transmission of malicious code from computer systems to third party computer systems
• The failure to timely disclose any of the above in violation of any breach notice law
• The failure to comply with a privacy policy involving the disclosure, sharing or selling of personally identifiable non-public information
• The failure to administer an identity theft prevention program

B.

Privacy Notification Costs pay the Insured/Member for reasonable and necessary costs to comply with a breach notice law because of an incident that first takes place on or after the retroactive date and before the end of the policy period. Privacy Notification Costs means costs incurred within one year of the reporting of the incident or suspected incident to the Underwriters:

• To hire security experts;
• Notification provisions,
• Public relations mitigation up to $50,000 subject to 20% coinsurance
• Credit monitoring for the purpose of mitigating potential damages and are subject to 20% coinsurance
  • Credit file monitoring,
  • Mailing and third party administrative costs

C.

Regulatory Defense and Penalties pays on behalf of the Insured/Member claims expenses and penalties which the Insured/Member shall become legally obligated to pay because of any claim in the form of a regulatory proceeding resulting from a violation of a privacy law and caused by an incident described under certain sections of the information security and privacy liability section of the policy.

D.

Website Media Content Liability pays on behalf of the insured damages and claims expenses resulting from any claim made against the Insured/Member for one or more of the following acts committed in the course of covered media activities:

·         Defamation, libel, slander, trade libel

·         Privacy violation

·         Invasion or interference with publicity

·         Plagiarism, piracy, misappropriation of ideas under implied contract

·         Infringement of Copyright

·         Infringement of domain name, trademark

·         Improper deep-linking or framing within electronic content

E.

Cyber Extortion indemnifies the Insured/Member for costs incurred as a result of an extortion threat by a person other than employees, directors, officers, principals, trustees, governors, managers, members, etc.

F.

First Party Data Protection indemnifies the Insured/Member for data protection loss as a result of alteration, corruption, destruction, deletion, damage or inability to access data assets.

G.

First Party Network Business Interruption indemnifies the Insured/Member for business interruption loss as a direct result of the actual and necessary interruption or suspension of computer systems and is directly caused by a failure of computer security to prevent a security breach.

EXCLUSIONS

(Including but not

limited to):

Coverage does not apply to any claim or loss from

·         Bodily Injury or Property Damage

·         Any employer-employee relations, policies, practices

·         Contractual Liability or Obligation

·         Any actual or alleged act, error or omission or breach of duty by any director, officer, manager if claim is brought by principals, officers, directors, stockholders and the like

·         Anti-trust violations

·         Unfair trade practices

·         Unlawful collection or acquisition of Personally Identifiable Non-Public Information

·         Distribution of unsolicited e-mails, facsimile, audio or video recording

·         Prior knowledge or previously reported incidents

·         Incidents occurring prior to retroactive date/continuity date

·         Any act, error, omission, of computer security if occurred prior to policy inception

·         Collusion

·         Securities Act Violations

·         Fair Labor Act Violations

·         Discrimination

·         Intentional Acts with regard to Privacy and Security Breach

·         Patent Infringement

·         Federal Trade Commission and related state, federal, local and foreign governmental activities

·         Insured vs. Insured

·         Money/Securities/Funds Transfer

·         Broadcasting, Publications and Advertising

·         War and Terrorism

·         Pollution

·         Nuclear

·         Radioactive

RETENTION:

$                    50,000   Per Occurrence for each Insured/Member with TIV up to $500,000,000 at the time of loss

$                  100,000   Per Occurrence for each Insured/Member with TIV greater than $500,000,000 at time of loss

                              8   Eight hour waiting period for first party claims

COINSURANCE FOR SPECIFIC COVERAGES:

                         20%   For Public Relations Consultancy

                         20%   For Credit File Monitoring

NOTICE OF CANCELLATION:

60 days except 10 days for non-payment of premium

REINSTATEMENT PROVISIONS:

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Not Provided.