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m <br />Corporate Risk Managers, Inc. l <br />109 eden weal professional building <br />7525 mllchell road a eden prairie, minnesole 553" , (814937.8942 <br />October, 1984 <br />City of Mounds View <br />Mounds View, Minnesota 55112 <br />Contract: CTYMV-2-1183 <br />It is hereby agreed that Corporate Risk Managers, Inc. will <br />perform the Property, Casualty and Group insurance functions <br />for the City of Mounds View and subsidiaries for <br />one (1) year effective November 1, 1984. <br />Outline of Functions: <br />1. Continuous review of exposures to loss including leases <br />and contractual agreements. <br />2. Write insurance specifications, negotiate <br />placement and renewal of coverages. Approval of <br />the City of Hounds View would be obtained <br />prior to coverage placement. <br />3. Review programs to reduce costs --improve cash flow to <br />include: <br />(a) Analysis of Workers' Compensation program, losses and <br />premiums. <br />(b) Consolidation of coverages, reduction in number of <br />policies. <br />(c) Recnmmend deductibles, self insurance or transfer <br />of risks. <br />(d) Work with safety personnel to reduce losses. <br />4. Assist in claims handling to include: <br />(a) Filing claims under deductibles. <br />(b) Establish and file property claims and handle <br />settlements. <br />(c) Review claims, obtain status reports, and check <br />company reserves. <br />5. Reporting and Recordkeeping: <br />(a) Prepare reports. <br />(b) Review audits. <br />(c) Review all premium invoices and approve for payment. <br />(d) Allocate premium costs to departments and locations. <br />(e) Retain statistical records on premiums, insured and <br />uninsured losses, building and equipment values. <br />