34C3BA9E-5537-4853-9126-521A3C08B46B.pdf

This is an Insured's Acknowledgement and Instruction to Bind document dated June 29, 2020, executed on behalf of the Board of Regents of the University of Nebraska. The document represents a renewal proposal for excess liability, educators legal liability, aviation, unmanned aircraft, and special crime insurance coverage. The contracting parties include the University of Nebraska as the insured entity, Aon Risk Services Central, Inc. (Commercial Risk Solutions) as the broker, and multiple insurance carriers including United Educators, Allianz, Old Republic, AIG, QBE, AXAXL, Great American, and Hiscox.

The renewal proposal encompasses multiple lines of coverage with specified carriers and premium amounts. Educators Legal Liability at a $5M limit is provided by United Educators at $124,834, while Excess Liability at a $30M limit is quoted at $775,640 by United Educators. Aviation coverage is split among six carriers with varying participation percentages and premiums ranging from $10,000 to $37,800. Unmanned Aircraft coverage is provided by Allianz at 100% participation for $73,125. Special Crime coverage with a three-year prepaid term is offered by Hiscox at $22,367. All premiums exclude Surplus Lines Taxes and policy surcharges. The University acknowledged receipt of the renewal proposal and authorized Aon to bind the selected insurance programs, understanding that the Data, Analytics and Digitization fee of $300 per policy would be assessed in addition to the insurance premiums.