FINE ARTS COVERAGE.pdf

This is an Acknowledgement and Instruction to Bind document dated May 18, 2026, for a Fine Arts Coverage insurance renewal proposal. The document involves the Board of Regents of the University of Nebraska as the policyholder and Aon Risk Services Central, Inc. (doing business as Commercial Risk Solutions) as the broker. The renewal proposal pertains to Fine Arts Coverage and Valuable Items Delivery disclosure insurance with various participants serving as carriers.

The renewal proposal presents three coverage options for the university to accept or decline. The first Fine Arts option is quoted at a premium of $322,739, the second Fine Arts option at $303,715, and a TRIA (Terrorism Risk Insurance Act) option listed as "Not Quoted." The university accepted the first Fine Arts coverage option at $322,739 and declined the second Fine Arts option and the TRIA option. The premiums exclude Surplus Lines Taxes, policy surcharges, taxes, and fees. The proposal emphasizes the university's commitment to adhering to museum collection management best practices, maintaining updated applications confirming Total Insurable Value by location, reviewing exhibition schedules, maintaining records of loans, and insuring assets to maximum values.