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REGULAR MEETING <br />DECEMBER 9, 1991 <br />1. Koehler Insurance Corporation <br />P.O. Box 6518 <br />South bend, Indiana 46660 <br />2. Cassady Neeser & Brasseur, Inc. <br />340 Columbia Place <br />P.O. Box 778 <br />South Bend, IN 46624 <br />The following Proposals were opened and read: <br />WATERFIELD INSURANCE AGENCY <br />900 East Colfax, Suite 1 <br />P.O. Box 1717 <br />South Bend, Indiana 46617 <br />Proposal was submitted by Mr. Nick Stscherban, Jr., Agent. <br />PROPOSAL: <br />Boiler and Machinery: <br />$2,000,000 combined limit direct damage, business income and <br />extra expense. <br />Per list of locations enclosed <br />Comprehensive Form excluding production machinery <br />(copy of form included in Proposal) <br />Broad Form, Repair or Replacement <br />Include: Joint loss clause (property) <br />Newly acquired locations <br />(12 months or policy expiration) <br />Unnamed locations <br />Ninety (90) day cancellation clause (ten (10) <br />days for non-payment of premium). <br />Deductibility: $25,000 direct damage <br />48 hours business income and extra expense <br />Annual Premium: $11,440.00 <br />LAVEN INSURANCE AGENCY <br />2628 South Michigan Street <br />P.O. Box 2379 <br />South Bend, Indiana 46680-2379 <br />Proposal was submitted by Mr. Robert O. Laven. <br />PROPOSAL: <br />Quotation valid through January 15, 1992. <br />Property Premium: $82,481.00 <br />Business Income & Extra Expense Premium: $ 1,181.00 <br />Inland Marine Premium: $23,456.00 <br />Boiler & Machinery Premium: $ 5,404.00 <br />Total: $112,522.00 <br />All coverages quoted through Indiana Insurance Company. <br />GIBSON INSURANCE AGENCY, INC. <br />300 South Saint Louis Boulevard <br />P.O. Box 11177 <br />South Bend, Indiana 46634-0177 <br />