8FE4FD4C-4470-4B77-A086-715CA7C64B43.pdf

This is an Acknowledgement and Instruction to Bind document dated June 27, 2024, executed by the University of Nebraska's Board of Regents. The document pertains to a Renewal Proposal for terrorism insurance (stand-alone coverage) and authorizes Aon Risk Services Central, Inc., operating as "Commercial Risk Solutions," to bind the selected insurance program. The agreement incorporates the Commercial Risk Solutions U.S. Business Terms, Additional Business Terms for Programs Placed through Aon's Global Brokering Center London (GBCL), and the General Data Protection Regulation (GDPR) as outlined in the Client Service Agreement between the University of Nebraska and Aon.

The University of Nebraska accepted two terrorism insurance options: Terrorism – Option 1 with Axa XL as the carrier at a premium of $125,925 (with limits and retention subject to redaction), and Terrorism – Option 5 with Lancashire as the carrier at a premium of $50,000 (excess of limits subject to redaction, primary policy). The University declined Terrorism Options 2, 3, and 4, which were underwritten by TAL and Axa XL at premiums ranging from $119,629 to $132,427. All stated premiums exclude surplus lines taxes, policy surcharges, and fees. The total accepted premium commitment is $175,925 across the two selected coverage options.