NAMED INSURED:

Miami Valley Risk Management Association (MVRMA)

DECLARATION:

1-Cities 1

POLICY PERIOD:

July 1, 2009 to July 1, 2010

COMPANIES:

(See policy for complete list of companies)

TOTAL INSURED VALUES:

$ 924,995,238 as of June 29, 2009

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   Flood Limit - Per Occurrence & Annual Aggregate

$           5,000,000   Per occurrence and in the annual aggregate for all locations in Flood Zone A, V and all other 100 year floodplains.

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

$        100,000,000   Combined Business Interruption, Rental Income and Tax Interruption and Tuition Income (and related fees) except $500,000 per Member/Entity subject to maximum of $2,500,000 Per Occurrence limit if specific values for such coverage have not been reported as part of the Member(s)/Entity(ies) schedule of values held on file with Alliant Insurance Services, Inc. Coverage for power generating plants is excluded, unless otherwise specified.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.

             120 Days  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

$           5,000,000 Per Occurrence and Annual Aggregate for Earthquake shock on Licensed Vehicles, Unlicensed Vehicles, Contractor's Equipment and Fine Arts for all insured/members in this declaration combined that do not purchase Earthquake coverage

$           5,000,000 Per Occurrence and annual Aggregate for Flood on Licensed Vehicles, Unlicensed Vehicles, Contractor's Equipment and Fine Arts for all insured/members in this declaration combined that do not purchase Flood coverage

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

$           2,500,000   Contingent Business Interruption, Contingent Rental Values, 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 1-10, 12, 13, 17, 18, 19, 20 and 24 combined as respects Property Damage, Business Interruption, Rental Income and Extra Expense Combined for Terrorism (Primary Layer)

 $        150,000,000   Per Member/Entity for Terrorism (Excess Layer)

$         300,000,000 Per Occurrence, All Members combined in Declarations 1-9, 11, 12, 19, 20 and 24 for Terrorism (Excess Layer)

$         550,000,000 Annual Aggregate shared by all Members/Entities combined in Declarations 1-9, 11, 12, 19, 20 and 24 as respects Property Damage, Business Interruption, Rental Income and Extra Expense combined for Terrorism (Excess Layer) for Terrorism (Excess Layer)

Not Covered  Per Occurrence Per Declaration Upgrade to Green Coverage

VALUATION:

·     As Per the Statement on File with Alliant Insurance

·     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

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

Not Applicable Tier 1 Wind and Tier 2 Wind

$              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)

$             10,000   Minimum subject to $100,000 Maximum per Vehicle or Item for Licensed Vehicles, Unlicensed Vehicles and Contractors Equipment Per Occurrence and Annual aggregate and shared by all members of this Declaration for the peril of Earthquake for members who do not purchase dedicated Earthquake limits

$             50,000  Per Occurrence and Annual Aggregate and shared by all member of this Declaration for fine Arts for the peril of Earthquake for members who do not purchase dedicated Earthquake limits

$             10,000   Minimum subject to $100,000 Maximum per Vehicle or Item for Licensed Vehicles, Unlicensed Vehicles and Contractors Equipment Per Occurrence and Annual aggregate and shared by all members of this Declaration for the peril of Flood for members who do not purchase dedicated Flood limits

$             50,000  Per Occurrence and Annual Aggregate and shared by all members of this Declaration for Fine Arts for the peril of Flood for members who do not purchase dedicated Flood limits

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)

Not Covered      Per Occurrence for Stand Alone Terrorism Deductible

NAMED INSURED:

Miami Valley Risk Management Association (MVRMA)

DECLARATION:

1-Cities 1

POLICY PERIOD:

July 1, 2009 to July 1, 2010

COMPANIES:

(See policy for complete list of companies)

TOTAL INSURED VALUES:

$ 924,995,238 as of June 29, 2009

COVERAGES & LIMITS:

$  100,000,000   Boiler & Machinery, Breakdown, 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 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 for Earthquake Resultant Damage for Members who purchase Dedicated Earthquake Coverage

$     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