Acknowledgment and Instruction to Bind - Option #4

This document is an Acknowledgment and Instruction to Bind for Proposal Option #4, issued by the University of Nebraska on behalf of the Board of Regents. The document represents a renewal proposal dated June 11, 2025, for Aviation and related risk services. The contracting parties include Commaired Aircraft and the Insurance Consortium, with the proposal involving instruction to bind coverage and establish contractual terms and conditions.

The proposal outlines four distinct liability options for Aircraft Hull & Availition coverage, each with corresponding premium rates. Option #1 carries a premium of $105,986; Option #2 is priced at $111,774; Option #3 is quoted at $119,895; and the selected Option #4 is priced at $118,880. An uninsured aircraft allowance of $90,101 is included as a 100% allotment. The binding selections indicate acceptance of specific coverage parameters across multiple lines of insurance, with checkmarks denoting approved terms for Options #1, #2, #3, and partial selections for Option #4. This instruction to bind establishes the commercial risk solutions and insurance coverage effective as stated in the fee agreement.