Amendment+1+-+SIGNED.pdf

This document is a Contract Amendment for Contract #296, specifically an Insurance Broker - Excess Liability contract between the State of North Dakota, acting through its Office of Management and Budget, Risk Management Division, and Marsh & McLennan Agency LLC. The amendment involves the acquisition of Vaaler Insurance Inc. by Marsh & McLennan Agency LLC, which results in a contract assignment effective September 1, 2021.

The contract was originally initiated on June 1, 2021, for an initial twelve-month period with renewal options. Through this amendment, the contract is being renewed for an additional twelve months, extending the expiration date to May 31, 2023. The amendment formally transfers all rights and obligations from Vaaler Insurance Inc. to Marsh & McLennan Agency LLC, ensuring continuity of the insurance brokerage services for excess liability coverage. The amendment was executed on May 20, 2022, with signatures from an Executive VP at Marsh & McLennan Agency LLC and the Director of Risk Management for the State of North Dakota.