7. Termination
Either party may terminate the agreement with sixty (60) days’ written notice.
Upon termination, the Broker shall cooperate with the County to ensure an orderly transition of records, underwriting information, and insurance documentation.
8. Accuracy of Information
The Broker’s services rely upon accurate and timely information provided by the County.
The County shall be responsible for the accuracy and completeness of information provided to the Broker for insurance placement purposes.
9. Surplus Lines Taxes and Regulatory Charges
Where coverage is placed in the surplus lines market, the County shall be responsible for any applicable:
- Surplus lines taxes
- Regulatory fees
- Stamping office charges
Such charges must be clearly identified on invoices and policy documentation.
10.Books and Records
The County shall be entitled to access all documentation related to its insurance program including:
- Insurance policies
- Marketing submissions
- Carrier proposals
- Claims reports
- Certificates and endorsements
To the extent such records are maintained by the Broker.
11.Confidentiality
Both parties agree to maintain the confidentiality of non-public information exchanged in connection with insurance brokerage services, except where disclosure is required by law, court order, or the Indiana Access to Public Records Act (IC 5-14-3).
12.Legal Compliance
The Broker must be: