06/22/06

OHIO TURNPIKE COMMISSION

Resolution Authorizing the Renewal of Insurance Policies

for the Commission’s Comprehensive

Casualty and Property Insurance Program

WHEREAS, the Commission is required to maintain comprehensive casualty and

property insurance coverage in accordance with Article 5, Section 5.05 of the 1994 Master Trust

Agreement;

WHEREAS, the Commission has received proposals for the renewal of those insurance

policies identified in the attached schedule of insurance coverage whereby the Commission will

incur an increase in the cost of its General Liability, Automobile Liability, Public Officials

Errors & Omissions, Excess Liability, Multi-Peril Property, Data Processing,

Maintenance/Contractor’s Equipment, Boiler & Machinery, Money & Securities insurance

coverage, and a flat renewal rate for its insurance coverage for Bridge and Use & Occupancy

Policy, compared to the cost paid for the same insurance coverage during the last one year term;

WHEREAS, the General Counsel and the Risk Management Coordinator have

recommended that the Commission accept the proposals received for the renewal of said

insurance policies by the following agent/brokerage firms on behalf of insurance carriers at the

corresponding premium quotes;

Comprehensive General Liability including terrorism coverage, Automobile

Liability, Public Officials Errors and Omissions, and Excess Liability insurance

coverage, proposed by Arthur J. Gallagher Risk Management Services, Inc. on

behalf of Travelers Insurance Company for an annual premium of $294,306

beginning on July 1, 2009;

Multi-Peril/Property Insurance, including terrorism coverage, proposed by The

Hylant Group on behalf of Affiliated F.M. Insurance Company for an annual

premium of $239,464 beginning on July 1, 2009;

Broad Form Money and Securities/Crime Insurance proposed by The Gardiner

Allen DeRoberts Insurance Agency on behalf of Chubb Insurance Company for

an annual premium of $40,900 beginning on July 1, 2009;

Bridge and Use and Occupancy Insurance, including terrorism coverage,

proposed by The Hoffman Group on behalf of Travelers Insurance Company for

an annual premium of $62,879 beginning on July 1, 2009; and

Umbrella/Excess Liability Insurance Coverage, including terrorism coverage,

proposed by Wachovia Insurance Services, Inc., on behalf of North River

Insurance Company and Great American Insurance Company for an annual

premium of $100,928 beginning on July 1, 2009.

NOW, THEREFORE, BE IT

RESOLVED that the Commission has duly considered such recommendations of its

general counsel and risk management coordinator, and hereby selects and authorizes the

executive director and general counsel to purchase the above-specified insurance policies

through Arthur J. Gallagher Risk Management Services, Inc. for commercial general liability,

automobile liability, public officials errors and omissions and excess liability insurance, The

Hylant Group for multi-peril/property insurance, The Gardiner Allen DeRoberts Insurance

Agency for broad form money and securities/crime insurance, Hoffman Group for bridge use and

occupancy insurance, and Wachovia Insurance Services, Inc. for umbrella/excess liability

insurance in accordance with the terms and conditions set forth in the proposals and at the

premiums quoted by the respective agent brokerage firms.

(Resolution No. 18-2009 adopted May 18, 2009)