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R2006-152 09-18-06 RESOLUTION NO. R2006-152 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, ADOPTING DENTAL AND LONG TERM DISABILITY INSURANCE RENEWAL RATES. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. That the City received renewal rates, attached hereto as Exhibits "A" and "8", for dental and long term disability insurance benefits and such rates have been evaluated. Section 2. That the City Council hereby adopts the renewal rate for dental and long term disability insurance benefits in the amount described in exhibits "A" and "B", attached hereto and incorporated for all purposes. PASSED, APPROVED and ADOPTED this the 18th day of September, A.D., 2006 ~kJQw T EID MAYOR ATTEST: APPROVED AS TO FORM: 8~~4 ~ DARRIN M. COKER CITY ATTORNEY EXHIBIT I A (, ASSURANT Employee Benefits 2323 Grand Boulevard Kansas City, MO 64108 www.assurant.com July 28, 2006 Yesenia Garza 3519 Liberty Drive Pearland, TX 77581 Group Name: City of Pearland Group 1D: 1744 Dear Yesenia, Thank you for making Assurant Employee Benefits an integral part of your overall benefits program. We hope that you have been pleased with your dental benefit plan. October 1, 2006 is the renewal date for your dental benefits with Assurant Employee Benefits. As you may be aware, inflation experienced in the dental industry and other factors necessitate periodic reviews of rates. Our goal at Assurant Employee Benefits is to hold these rates at levels that are reasonable and adequate to fund your level of benefits while providing the best possible service. The renewal rating for your group has been completed and your new rates effective October 1, 2006 are: PPO Premier Tier Structure Current Rates Tier Structure Renewal Rates Employee Spouse Child(ren) Spouse + Child(ren) $27.81 $49.83 $64.55 $86.57 Employee Spouse Child(ren) Spouse + Child(ren) $27.81 $49.83 $64.55 $86.57 Products and services marketed by Assurant Employee Benefits are underwritten and/or provided by Union Security Insurance Company. In New York, insurance products are underwritten by Union Security Life Insurance Company of New York, which is licensed in New York and has its principal place of business in Syracuse, New York. page 2 Assurant Employee Benefits appreciates your business and is committed to providing you with quality and affordable dental coverage. Please contact me if you need to request enrollment materials or for questions regarding the renewal process at 713.830.3609. Best.JegardSI {l"" f'I . /+: 7 ~ f!1(/7~G / :1..{Y Melissa Cates Renewal Manager melissa. ca tes@assurant.com P: 713.830.3609 F: 713.780.2121 Cc: Au~ 18 OS 11:49a EXHIBIT Prudential ~ Financial } D :I 'f5 (. George Cochrum Regional Sales Manager - Houston Group Insurance The Prudential Insurance Company of America 1233 WEST LOOP SOUTH, STE 1080 HOUSTON, TX 77027 Phone: 713-840-4014 Fax: 713-840-4020 Email: george.cochrum@prudential.com July 31, 2006 JAMES COLE 2319 FRA1'lCES PEARLAND, TX 77581 HOUSTON HAMILTON 9707 SPRINGYIEW LN HOUSTON, TX 77080 RE: Renewal Coverage: L TO Control Number: 40754 Policyholder Name: City of Pearland On behalf of Prudential, I would like to thank you for the opportunity to provide coverage over the recent policy period. As is customary this time of year, we have reviewed the rating and plan design for City of Pearland program with Prudential. The review was done with a focus on any changes becoming effective 10/01/2006. The renewal evaluation has been completed and effective 10/01/2006, the following current contract renewal rates will apply. Group: ALL EMPLOYEES Coveral!e: LTD Current Rate: 0.207 Per $100 CP Renewal Rate: 0.226 Per $100 CP Action: +9% Long Term Disability Renewal We have reviewed the experience of your account in combination with our L TD book of business. As a result, the current L TO rate will increase from 0.207 Per $100 CP to 0.226 Per $100 CP. This renewal is guaranteed for two years, until 10/01/2008. In addition to the coverages renewing 10/01/2006, City of Pearland has additional products inforce. Please review the product information below concerning the coverages that are not renewing 10/0 1/2006. Group: ALL EMPLOYEES Coverage: Basic AD&D Current Rate: 0.033 Per $1000 Yol Effective Date: 10/01/2001 Renewal Date: 10/0I/2007 Group: Au~ 18 06 11:49a p.2 Prudential CB Financial George Cochrum Regional Sales Manager - Houston Group Insurance The Prudential Insurance Company of America 1233 WEST LOOP SOUTH, STE 1080 HOUSTON, TX 77027 Phone: 713-840-4014 Fax: 713-840-4020 Email: george.cochrum@prudential.com ALL EMPLOYEES Coverage: Opt. Dep. Life Current Rate: Continue Effective Date: 10101/200 I Renewal Date: 10/01/2007 Group: ALL EMPLOYEES Coverage: Basic Life Current Rate: 0.147 Per $1000 Vol Effective Date: 10/01/2001 Renewal Date: 10/01/2007 Group: ALL EMPLOYEES Coverage: Optional Life Current Rate: Continue Effective Date: 10/0 1/200 1 Renewal Date: 10/01/2007 We appreciate the opportunity to provide Disability coverage to City of Pearl and and we look forward to continuing to work with you to meet our client's benefit needs. Please feel free to contact me with any questions you may have regarding the renewal. For any service related questions, please contact your Account Consultant at 1-888-598-5671. Sincerely, qeorge Coclirum George Cochrum Regional Sales Manager cc: Client Operations Service Center