March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017...

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March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN FERNANDEZ FROM: PATRICK J. DEBLASIO, CPA, CMFO, CGFM, -FUND TREASURER Please be advised that the following is an update of the status of the Public Entity Joint Insurance Fund: January February 2018 2018 Beginning Cash Balance Operating Account-Bank of America 123,916.93 $ 789,735.98 $ Claims Fiduciary Account-Bank of America 8,254.19 8,254.19 Claims-TD Bank 8,138.29 7,971.98 Custodial-Investments 117,739.77 227,117.48 Total Balance 258,049.18 $ 1,033,079.63 $ Receipts: Operating Account-Bank of America 1,423,617.48 $ 998,850.78 $ D&H Claims Fiduciary Account-Bank of America 114,830.58 112,665.71 Claims-TD Bank 68,774.90 1,214.92 Custodial-Deposits and Interest Income 500,000.00 500,000.00 Total Receipts 2,107,222.96 $ 1,612,731.41 $ Disbursements: Operating Account-Bank of America (757,798.43) $ (1,720,882.73) $ D&H Claims Fiduciary Account-Bank of America (114,830.58) (112,665.71) Claims-TD Bank (68,941.21) (1,386.90) Custodial-Investments (390,622.29) (515,251.54) Total Disbursements (1,332,192.51) $ (2,350,186.88) $ Ending Cash Balance Operating Account-Bank of America 789,735.98 $ 67,704.03 $ Claims Fiduciary Account-Bank of America 8,254.19 8,254.19 Claims-TD Bank 7,971.98 7,800.00 Custodial-Investments 227,117.48 211,865.94 - - Total Cash Account Balance 1,033,079.63 $ 295,624.16 $ Beginning Investment Balance 4,203,997.99 $ 4,522,051.13 $ Change in Accrued Income 1,006.44 538.70 Change in Unrealized gain (2,994.12) (4,346.03) Income Received 4,365.02 4,413.50 Realized Gain/Loss 53.51 (164.06) Transfer to/From Custodial Account 315,622.29 515,251.54 Total Investment Account 4,522,051.13 $ 5,037,744.78 $ Ending Cash and Investment Balance 5,555,130.76 $ 5,333,368.94 $

Transcript of March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017...

Page 1: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

March 20, 2018

MEMO TO: INSURANCE FUND CHAIRMAN FERNANDEZ

FROM: PATRICK J. DEBLASIO, CPA, CMFO, CGFM, -FUND TREASURER

Please be advised that the following is an update of the status of the Public Entity

Joint Insurance Fund:

January February

2018 2018

Beginning Cash Balance Operating Account-Bank of America 123,916.93$ 789,735.98$

Claims Fiduciary Account-Bank of America 8,254.19 8,254.19

Claims-TD Bank 8,138.29 7,971.98

Custodial-Investments 117,739.77 227,117.48

Total Balance 258,049.18$ 1,033,079.63$

Receipts:

Operating Account-Bank of America 1,423,617.48$ 998,850.78$

D&H Claims Fiduciary Account-Bank of America 114,830.58 112,665.71

Claims-TD Bank 68,774.90 1,214.92

Custodial-Deposits and Interest Income 500,000.00 500,000.00

Total Receipts 2,107,222.96$ 1,612,731.41$

Disbursements:

Operating Account-Bank of America (757,798.43)$ (1,720,882.73)$

D&H Claims Fiduciary Account-Bank of America (114,830.58) (112,665.71)

Claims-TD Bank (68,941.21) (1,386.90)

Custodial-Investments (390,622.29) (515,251.54)

Total Disbursements (1,332,192.51)$ (2,350,186.88)$

Ending Cash Balance Operating Account-Bank of America 789,735.98$ 67,704.03$

Claims Fiduciary Account-Bank of America 8,254.19 8,254.19

Claims-TD Bank 7,971.98 7,800.00

Custodial-Investments 227,117.48 211,865.94

- -

Total Cash Account Balance 1,033,079.63$ 295,624.16$

Beginning Investment Balance 4,203,997.99$ 4,522,051.13$

Change in Accrued Income 1,006.44 538.70

Change in Unrealized gain (2,994.12) (4,346.03)

Income Received 4,365.02 4,413.50

Realized Gain/Loss 53.51 (164.06)

Transfer to/From Custodial Account 315,622.29 515,251.54

Total Investment Account 4,522,051.13$ 5,037,744.78$

Ending Cash and Investment Balance 5,555,130.76$ 5,333,368.94$

Page 2: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

BANK RECONCILIATION

ACCT.NAME Bank of America

BANK/ACCT# Claims/Operating Account -XXXXXX

From To

DATE 02/01/18 02/28/18

BOOK BALANCE AS OF 02/01/18 $ 789,735.98

ADD DEPOSITS (PER BANK LEDGER) 998,850.78

SUBTRACT:DISBURSEMENTS(PER BANK LEDGER) 1,720,882.73

BOOK BALANCE AS OF 02/28/18 $ 67,704.03

___________________________________________________________________________________________________

BALANCE PER BANK STATEMENT 02/28/18 $131,215.67

ADD: DEPOSIT IN TRANSIT

DATE AMOUNT

TOTAL 0.00 0.00

SUBTRACT: CHECKS OUTSTANDING

DATE CHECK# AMOUNT

01/15/18 478 500.00

02/17/18 484 635.50

02/17/18 485 416.67

02/17/18 487 1,250.00

02/17/18 488 15.50

02/17/18 489 5.22

02/17/18 490 160.00

02/17/18 492 31,664.82

02/17/18 493 28,863.93 63,511.64 (63,511.64)

LIST ITEMS IN LEDGER NOT ON STATEMENT

DATE AMOUNT

TOTAL -$ 0.00

LIST ITEMS ON STATEMENT NOT IN LEDGER

DATE AMOUNT

TOTAL - 0.00

ADJUSTED BANK BALANCE(BOOK BAL)AS OF 02/28/18 67,704.03

Difference 0.00

PREPARED BY Patrick J. DeBlasio, CPA REVIEWED BY Mary Foulks

Page 3: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

BANK RECONCILIATION

ACCT.NAME Bank of America

BANK/ACCT# Custody Investment Acct -XXXXX

From To

DATE 02/01/18 02/28/18

BOOK BALANCE AS OF 02/01/18 $ 4,736,758.48

ADD DEPOSITS (PER BANK LEDGER) 1,015,154.95

SUBTRACT:DISBURSEMENTS(PER BANK LEDGER) 515,251.54

BOOK BALANCE AS OF 02/28/18 $ 5,236,661.89

___________________________________________________________________________________________________

BALANCE PER BANK STATEMENT 02/28/18 $5,236,661.89

ADD: DEPOSIT IN TRANSIT

DATE AMOUNT

TOTAL 0.00 0.00

SUBTRACT: CHECKS OUTSTANDING

DATE CHECK# AMOUNT

TOTAL 0.00 0.00

LIST ITEMS IN LEDGER NOT ON STATEMENT

DATE AMOUNT

TOTAL -$ 0.00

LIST ITEMS ON STATEMENT NOT IN LEDGER

DATE AMOUNT

TOTAL - 0.00

ADJUSTED BANK BALANCE(BOOK BAL)AS OF 02/28/18 5,236,661.89

Difference 0.00

PREPARED BY Patrick J. DeBlasio, CPA REVIEWED BY Mary Foulks

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BANK RECONCILIATION

ACCT.NAME Bank of America

BANK/ACCT# D & H Claims Fiduciary Acct -XXXXXX

From To

DATE 02/01/18 02/28/18

BOOK BALANCE AS OF 02/01/18 $ 8,254.19

ADD DEPOSITS (PER BANK LEDGER) 112,665.71

SUBTRACT:DISBURSEMENTS(PER BANK LEDGER) 112,665.71

BOOK BALANCE AS OF 02/28/18 $ 8,254.19

___________________________________________________________________________________________________________

BALANCE PER BANK STATEMENT 02/28/18 $48,292.75

ADD: DEPOSIT IN TRANSIT

DATE AMOUNT

TOTAL 0.00 0.00

SUBTRACT: CHECKS OUTSTANDING

DATE CHECK# AMOUNT

various list 40,038.56

TOTAL 40,038.56 (40,038.56)

LIST ITEMS IN LEDGER NOT ON STATEMENT

DATE AMOUNT

TOTAL -$ 0.00

LIST ITEMS ON STATEMENT NOT IN LEDGER

DATE AMOUNT

TOTAL - 0.00

ADJUSTED BANK BALANCE(BOOK BAL)AS OF 02/28/18 8,254.19

Difference 0.00

PREPARED BY Patrick J. DeBlasio, CPA REVIEWED BY Mary Foulks

Page 5: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

BANK RECONCILIATION

ACCT.NAME TD Bank

BANK/ACCT# Claims Acct -XXXXX

From To

DATE 02/01/18 02/28/18

BOOK BALANCE AS OF 02/01/18 $ 7,971.98

ADD DEPOSITS (PER BANK LEDGER) 1,214.92

SUBTRACT:DISBURSEMENTS(PER BANK LEDGER) 1,386.90

BOOK BALANCE AS OF 02/28/18 $ 7,800.00

___________________________________________________________________________________________________

BALANCE PER BANK STATEMENT 02/28/18 $8,300.00

ADD: DEPOSIT IN TRANSIT

DATE AMOUNT

TOTAL 0.00 0.00

SUBTRACT: CHECKS OUTSTANDING

DATE CHECK# AMOUNT

Various list 500.00

TOTAL 500.00 (500.00)

LIST ITEMS IN LEDGER NOT ON STATEMENT

DATE AMOUNT

TOTAL -$ 0.00

LIST ITEMS ON STATEMENT NOT IN LEDGER

DATE AMOUNT

TOTAL - 0.00

ADJUSTED BANK BALANCE(BOOK BAL)AS OF 02/28/18 7,800.00

Difference 0.00

PREPARED BY Patrick J. DeBlasio, CPA REVIEWED BY Mary Foulks

Page 6: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

Public Entity Joint Insurance Fund

Statement of Operations By Fund Year

As of January 31, 2018

1

YTD Year Ended Year Ended Year Ended Year Ended Fund

2018 2017 2016 2015 2014 Balance

Underwriting Income 575,483 6,776,967 6,196,152 5,732,599 3,943,511 23,224,711

Loss Contingency Fund 10,561 156,173.68 151,814 131,528 69,398 519,474

Underwriting Income 586,043 6,933,141 6,347,966 5,864,126 4,012,909 23,744,185

Claim Expenses

Losses 14,584 1,265,292 1,874,895 3,245,406 2,070,212 8,470,390

Loss Adjustment Expenses 216 208,138 286,606 809,215 126,287 1,430,461

IBNR 193,225 1,060,779 374,529 29,488 115,633 1,773,655

EPL Deductible & Co-Insurance - (12,000) - (221,109) (114,843) (347,952)

Excess Recoveries - (152,491) (675,833) (863,001) (3,423) (1,694,748)

WC - - - (175,439) - (175,439)

GL - - - - - -

LEL - - (323,028) - (3,423) (326,451)

AL - - - - - -

Property - (152,491) (352,805) (15,100) - (520,396)

EPL/POL - - - (605,501) - (605,501)

Corridor Retention Endorsement - - - - - -

All Lines Aggregate Stop - - - (66,961) - (66,961)

Total Claim Expense 208,025 2,369,718 1,860,198 3,000,000 2,193,865 9,631,806

Expenses

Excess Premiums 261,826 2,797,380 2,618,761 2,424,689 1,538,932 9,641,587

General Administrative Expenses 143,326 1,686,817 1,536,294 1,469,005 1,005,562 5,841,003

Total Expenses 405,152 4,484,197 4,155,055 3,893,693 2,544,494 15,482,591

Underwriting Profit/(Loss) (27,134) 79,226 332,714 (1,029,567) (725,451) (1,370,211)

Net Realized/Unrealized Gains/(Losses) (138) (6,951) (3,136) (5,031) (6,470) (21,726)

Interest Income 252 19,965 29,879 10,882 14,916 75,894

Net Investment Income 114 13,014 26,743 5,851 8,446 54,168.43

Statutory Surplus (Deficit) (27,019) 92,241 359,457 (1,023,716) (717,005) (1,316,043)

at 12/31/2017 - 91,112 358,502 (1,023,716) (717,239) (1,291,340)

Variance (27,019) 1,129 954 - 233 (24,703)

at Previous Month - 91,112 358,502 (1,023,716) (717,239) (1,291,340)

Variance (27,019) 1,129 954 - 233 (24,703)

Note 1 : Ultimate losses based upon the 2017 year-end reserve study.

Note 2: Fund years 2014-2018 include an aggregate stop loss protection to cap losses at $2.7m in 2014, $3.0m in 2015, $2.897 in 2016, $3.175M in 2017, and $3.6M in 2018.

Overall Statistics

Total Members 8 8 8 7 6

Total Claims 62 1,246 1,205 1,341 919 4,773

Total Open Claims 42 315 144 143 57 701

Total Case Reserve Per Claim 345 2,046 5,565 5,860 17,173 4,675

Net Loss Ratio** 8.7% 57.0% 92.2% 177.2% 146.4% 110.2%

* 2016 year data is annualized based on current trends

** Net loss ratios exclusive of IBNR.

1

Page 7: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

Public Entity Joint Insurance Fund

Statement of Operations By Fund Year

As of December 31, 2017

12

YTD Year Ended Year Ended Year Ended Fund

2017 2016 2015 2014 Balance

Underwriting Income 6,776,967 6,196,152 5,732,599 3,943,511 22,649,229

Loss Contingency Fund 156,173.68 151,814 131,528 69,398 508,913

Underwriting Income 6,933,141 6,347,966 5,864,126 4,012,909 23,158,142

Claim Expenses

Losses 1,180,971 1,609,469 3,271,245 2,074,930 8,136,614

Loss Adjustment Expenses 183,816 347,895 812,865 126,667 1,471,243

IBNR 1,169,422 578,666 - 110,535 1,858,624

EPL Deductible & Co-Insurance (12,000) - (209,374) (114,843) (336,217)

Excess Recoveries (152,491) (675,833) (874,736) (3,423) (1,706,483)

WC - - (175,439) - (175,439)

GL - - - - -

LEL - (323,028) - (3,423) (326,451)

AL - - - - -

Property (152,491) (352,805) (15,100) - (520,396)

EPL/POL - - (620,545) - (620,545)

Corridor Retention Endorsement - - - - -

All Lines Aggregate Stop - - (63,652) - (63,652)

Total Claim Expense 2,369,718 1,860,198 3,000,000 2,193,865 9,423,781

Expenses

Excess Premiums 2,797,380 2,618,761 2,424,689 1,538,932 9,379,761

General Administrative Expenses 1,686,817 1,536,294 1,469,005 1,005,562 5,697,677

Total Expenses 4,484,197 4,155,055 3,893,693 2,544,494 15,077,439

Underwriting Profit/(Loss) 79,226 332,714 (1,029,567) (725,451) (1,343,077)

Net Realized/Unrealized Gains/(Losses) (5,585) (1,982) (5,031) (6,188) (18,785)

Interest Income 17,471 27,770 10,882 14,400 70,523

Net Investment Income 11,886 25,788 5,851 8,212 51,737.58

Statutory Surplus (Deficit) 91,112 358,502 (1,023,716) (717,239) (1,291,340)

at 12/31/2016 - 75,258 (1,023,659) (877,014) (1,825,414)

Variance 91,112 283,244 (57) 159,775 534,075

at Previous Month (466,848) 39,708 (1,023,678) (602,559) (2,053,377)

Variance 557,960 318,794 (38) (114,680) 762,037

Note 1 : Ultimate losses based upon the 2017 year-end reserve study.

Note 2: Fund years 2014-2017 include an aggregate stop loss protection to cap losses at $2.7m in 2014, $3.0m in 2015, $2.897 in 2016, and $3.175M in 2017.

Overall Statistics

Total Members 8 8 7 6

Total Claims 1,203 1,205 1,339 918 4,665

Total Open Claims 361 150 149 61 721

Total Case Reserve Per Claim 1,652 4,267 6,233 16,518 4,400

Net Loss Ratio** 52.3% 82.0% 179.5% 146.7% 108.9%

* 2016 year data is annualized based on current trends

** Net loss ratios exclusive of IBNR.

1

Page 8: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

RESOLUTION NO. 14-18

PUBLIC ENTITY JOINT INSURANCE FUND

(Hereinafter the “FUND”)

APPROVING CERTAIN DISBURSEMENTS

WHEREAS, the Bylaws of the FUND require that the Board of Commissioners approve all

disbursements by a majority vote, and

WHEREAS, the attached bill of items sets forth certain bills or demands for monies;

NOW, THEREFORE BE IT RESOLVED, by the FUND’s Board of Fund Commissioners that

the attached bill of items totaling $302,754.57 is approved for payment.

Adopted: this day by the Board of Fund Commissioners

March 20th, 2018

Chairman Date

March 20th, 2018

Secretary Date

Page 9: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

Date: 03.01.18

Bills List #: 47

DESCRIPTION Check #/WT Invoice Amt.

inv#41558 Fund Attorney Svs. February

2018#494 496.00$

inv#8087 - Governmental Affairs

February 2018 #495 416.67$

Fund Treasurer March 2018 #496 500.00$

PEJIF Meeting Posting for February #497 15.50$

PEJIF Meeting Posting for February #498 5.22$

Breakfast Catering for February Meeting #499 467.98$

1st RM Fee payment for Roselle #500 32,365.16$

1st RM Fee payment for West New York #501 19,508.03$

1st RM Fee payment for City of Orange #502 20,439.50$

Claims payment/Excess Reimbursement #503 78,997.51$

Total in Checks 153,211.57$

WIRE TRANSFERS/ACH ACH

PEJIF Meeting Room for March $150 ACH 150.00$

PEJIF Wellness Award Gift Cards ACH 925.00$

Total Payments to NIP Management 1,075.00$

BGIA Payments

Invoice 261223 WC Installment #2 ACH 145,204.00$

Invoice 260031 NJPLIGA on Property

policyACH 3,264.00$

Total BGIA 148,468.00$

Total 302,754.57$

Woodbridge Deli

HUB International

The NJ Times

Patrick DeBlasio

The Star Ledger

March 20 2018- PEJIF Commissioners Meeting Bills List

PAY TO

Princeton Public Affairs

Pringle Quinn Anzano

BGIA

BGIA

Scirocco

NIP Management

NIP Management

Fairview Insurance Associates

City of Plainfield

Page 10: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

RESOLUTION NO. 15-18

PUBLIC ENTITY JOINT INSURANCE FUND

(Hereinafter referred to as the “FUND”)

APPROVING CLAIMS PAYMENTS

BE IT RESOLVED by the Board of Fund Commissioners of the Public Entity Joint Insurance

Fund, that confirmation and authorization approval is made in issuance of the attached claims

payments totaling $970,654.83 against the fund.

ADOPTED: this day before the Board of Fund Commissioners:

March 20th, 2018__

Chairman Date

March 20th, 2018

Secretary Date

Page 11: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

PEJIF MONTHLY PAYMENTS

YEAR 2018

MONTH February

D&H Amount Comments

PASSAIC

WC 87,138.95$

LIABILITY, PROP & APD $ 24,629.81

D&H

PERTH AMBOY

WC 135,642.69$

LIABILITY & PROP 7,937.09$

CRC

PLAINFIELD

WC 29,714.09$

LIABILITY & PROP 264,256.30$

D&H

WNY

WC 30,183.15$

LIABILITY & PROP 37,715.58$

NIP & D&H

Roselle

WC 34,765.89$

Liability & Prop -$

NIP & CRC

East Orange

WC 110,009.97$

Liability &Prop 22,250.91$

D&H

Teaneck

WC 132,007.27$

Liability & Prop (1,338.48)$ Property Recovery

NIP & CRC

Orange

WC 49,713.51$

Liability &Prop 6,028.10$

PEJIF Total for the month 970,654.83$

Page 12: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

Monthly Investment Report

As of 2/28/2018

Page 13: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

Treasury Yields and Federal Reserve

Public Entity Joint Insurance Fund | Prime Advisors, Inc. | Page 2 of 11

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

12/31/2016 12/31/2017 2/28/2018

Source: Federal Reserve

Treasury Yield Curves

Average Monthly Payroll Changes

10 Year Treasury Yields

Inflation

2 and 10 year yield difference: 61bps

0

50

100

150

200

250

300

2010 2011 2012 2013 2014 2015 2016 2017 2018

YTD

Source: Bureau of Labor Statistics

1.25%

1.50%

1.75%

2.00%

2.25%

2.50%

2.75%

3.00%

Feb-16 May-16 Aug-16 Nov-16 Feb-17 May-17 Aug-17 Nov-17 Feb-18

Source: Federal Reserve

0.0

0.5

1.0

1.5

2.0

2.5

Core PCE Core CPI Eurozone Core CPI Fed Target

Source: Bureau of Labor Statistics, Eurostat

Page 14: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

Market Indicators

Public Entity Joint Insurance Fund | Prime Advisors, Inc. | Page 3 of 11

World Bond YieldsCentral Bank Balance Sheets (USD)

Corporate Bond Issuance Municipal Bond Issuance

12/31/2017 2/28/2018 Difference

US 2.41% 2.87% 0.46%

UK 1.19% 1.50% 0.31%

Germany 0.42% 0.65% 0.23%

France 0.78% 0.92% 0.14%

Italy 2.01% 1.97% (0.04%)

Spain 1.56% 1.53% (0.03%)

Japan 0.04% 0.48% 0.44%

Source: Federal Reserve, Bloomberg

$0

$1

$2

$3

$4

$5

$6

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Fed ECB BOJ

Source: Federal Reserve, European Central Bank, Bank of Japan

Trill

ions

0

200

400

600

800

1,000

1,200

1,400

1,600

2011 2012 2013 2014 2015 2016 2017 2018

YTD

($B

illio

ns)

Source: Bloomberg

0

100

200

300

400

500

2011 2012 2013 2014 2015 2016 2017 2018 YTD

($B

illio

ns)

Source: Bloomberg

Page 15: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

Maturity Schedule By Weighted Average Life

Public Entity Joint Insurance Fund | Prime Advisors, Inc. | Page 4 of 11

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

Cash & Cash Eq Corporate Government Mtge & Asset Backed Municipal Other

Page 16: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

Effective Maturity Schedule

Public Entity Joint Insurance Fund | Prime Advisors, Inc. | Page 5 of 11

Year Book Value Tax Equiv. Book Yield % of Total Book Value

2018 1,985,149 1.06 39%

2019 2,566,896 1.68 51%

2020 495,911 2.12 10%

2021+ 0 0.00 0%

Subtotal 5,047,956 1.48 100%

(inc. ABS, Agcy, CMBS, Corp, Muni, UST)

MBS 0 0.00 0%

TOTAL 5,047,956 1.48 100%

Page 17: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

Portfolio Changes

Note: The tax equivalent yield calculation has changed after 12/31/17 due to the passing of the Tax Cuts and Jobs Act in December 2017. Tax equivalent yield grosses up tax-exempt municipal yields so they are comparable to taxable bonds. The factor for 12/31/17 and prior was 1.46 [(1 - 5.25%) / (1 - 35%)]. The new factor is 1.20 [(1 - 5.25%) / (1 - 21%)].

Public Entity Joint Insurance Fund | Prime Advisors, Inc. | Page 6 of 11

Public Entity Joint Insurance Fund 03/31/2017 06/30/2017 09/30/2017 12/31/2017 02/28/2018

Treasury Yields

2 yr Treasury Yield 1.26% 1.38% 1.48% 1.89% 2.26%

5 yr Treasury Yield 1.93% 1.88% 1.93% 2.19% 2.65%

10 yr Treasury Yield 2.39% 2.30% 2.33% 2.41% 2.87%

Book Statistics

Tax-Equivalent Book Yield 0.76% 0.83% 0.91% 1.12% 1.42%

Book Value ($) 4,640,126 4,108,853 4,613,617 4,325,448 5,259,822

Projected Tax-Equivalent Income, next 12 months ($) 35,217 34,165 42,049 48,378 74,735

Unrealized Gains/(Losses) ($) (5,916) (7,863) (6,163) (15,132) (22,750)

YTD Realized Gains/(Losses) ($) 0 0 0 0 0

Portfolio Risk Statistics

Effective Duration 0.75 0.64 0.70 0.81 1.01

Convexity 0.01 0.01 0.01 0.01 0.02

Weighted Average Life 0.76 0.65 0.71 0.82 1.03

Average Rating AAA AAA AAA AAA AAA

Portfolio Sector Allocation

Treasury 95% 100% 91% 94% 96%

Agency 0% 0% 0% 0% 0%

Corporate 0% 0% 0% 0% 0%

Taxable Municipal 0% 0% 0% 0% 0%

Tax-exempt Municipal 0% 0% 0% 0% 0%

Mortgage Pass-Through 0% 0% 0% 0% 0%

CMOs 0% 0% 0% 0% 0%

ARMs 0% 0% 0% 0% 0%

Asset Backed 0% 0% 0% 0% 0%

CMBS 0% 0% 0% 0% 0%

Cash & Cash Equivalents 5% 0% 9% 6% 4%

Page 18: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

Performance

Public Entity Joint Insurance Fund | Prime Advisors, Inc. | Page 7 of 11

Tax-Equivalent Total Return

as of 02/28/2018

Inception Date: 08/01/2014

Prime Benchmark Difference

Previous Month 0.03% 0.04% -0.01%

Quarter to Date 0.07% 0.13% -0.06%

Year to Date 0.07% 0.13% -0.06%

Since Inception 0.47% 0.52% -0.05%

Benchmark Composition:

100.0% PEJIF Duration Matched Treasury

Page 19: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

Bond Purchases

Public Entity Joint Insurance Fund | Prime Advisors, Inc. | Page 8 of 11

Trade Date Description Security Type

S&P

Rating

Moody's

Rating Coupon Maturity Date Call Date Price Cost

Pre-Tax

Book Yield

Tax-Equivalent

Book Yield

01/19/2018 US TREASURY N/B Treasury AA+ Aaa 1.750 09/30/2019 N/A 99.54 174,187 2.03 2.03

01/29/2018 US TREASURY N/B Treasury AA+ Aaa 1.750 11/30/2019 N/A 99.34 248,359 2.12 2.12

01/29/2018 US TREASURY N/B Treasury AA+ Aaa 1.500 10/31/2019 N/A 98.98 247,441 2.10 2.10

02/01/2018 US TREASURY N/B Treasury AA+ Aaa 1.875 12/31/2019 N/A 99.50 223,884 2.14 2.14

02/05/2018 US TREASURY N/B Treasury AA+ Aaa 2.000 01/31/2020 N/A 99.80 249,512 2.10 2.10

02/05/2018 US TREASURY N/B Treasury AA+ Aaa 1.375 02/15/2020 N/A 98.51 246,270 2.13 2.13

Total 1,389,652 2.11 2.11

Page 20: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

Bond Sales, Calls & Maturities

Public Entity Joint Insurance Fund | Prime Advisors, Inc. | Page 9 of 11

Trade Date

Trade

Type Description

Security

Type

S&P

Rating

Moody's

Rating Coupon

Effective

Maturity

Maturity

Date Price Book Value

Realized

Gain/(Loss)

Pre-Tax

Book

Yield

Tax-

Equivalent

Book Yield

01/31/2018 Maturity US TREASURY N/B Treasury AA+ Aaa 0.750 01/31/2018 01/31/2018 100.00 200,000 0 0.76 0.76

02/28/2018 Maturity US TREASURY N/B Treasury AA+ Aaa 0.750 02/28/2018 02/28/2018 100.00 200,000 0 0.71 0.71

Total 400,000 0 0.73 0.73

Page 21: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

Public Entity Joint Insurance Fund | Prime Advisors, Inc. | Page 10 of 11

Appendix Detailed Portfolio Report

Page 22: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

Portfolio Holdings Report

Public Entity Joint Insurance Fund | Prime Advisors, Inc. | Page 11 of 11

Date

Acquired

S&P

Rating

Moody's

Rating Quantity Description Coupon

Effective

Maturity Maturity Original Cost Book Value Market Value

Unrealized

Gain/(Loss)

Book

Yield

Market

Yield

Effective

Duration

Avg

Life Convexity

Money Market

02/02/2018 211,866 BANK OF AMER/MERRILL LYNCH 0.00 211,866 211,866 211,866 0 0.00 0.00 0.00 0.00

211,866 211,866 211,866 211,866 0 0.00 0.00 0.00 0.00

Treasury

12/01/2017 AA+ Aaa 200,000 US TREASURY N/B 1.25 08/31/2019 08/31/2019 198,195 198,443 197,212 (1,231) 1.78 2.20 1.48 1.50 0.03

01/29/2018 AA+ Aaa 250,000 US TREASURY N/B 1.75 11/30/2019 11/30/2019 248,359 248,433 247,938 (495) 2.12 2.23 1.71 1.75 0.04

02/01/2018 AA+ Aaa 225,000 US TREASURY N/B 1.88 12/31/2019 12/31/2019 223,884 223,927 223,515 (412) 2.14 2.24 1.79 1.83 0.04

02/05/2018 AA+ Aaa 250,000 US TREASURY N/B 2.00 01/31/2020 01/31/2020 249,512 249,527 248,840 (687) 2.10 2.25 1.87 1.92 0.04

01/19/2018 AA+ Aaa 175,000 US TREASURY N/B 1.75 09/30/2019 09/30/2019 174,187 174,237 173,761 (476) 2.03 2.21 1.54 1.58 0.03

01/29/2018 AA+ Aaa 250,000 US TREASURY N/B 1.50 10/31/2019 10/31/2019 247,441 247,561 247,068 (494) 2.10 2.22 1.63 1.67 0.03

06/30/2016 AA+ Aaa 100,000 US TREASURY N/B 0.75 04/15/2018 04/15/2018 100,293 100,020 99,895 (125) 0.59 1.58 0.12 0.12 0.01

02/27/2017 AA+ Aaa 250,000 US TREASURY N/B 1.00 08/15/2018 08/15/2018 249,941 249,982 249,023 (959) 1.02 1.85 0.45 0.46 0.00

04/04/2017 AA+ Aaa 135,000 US TREASURY N/B 1.25 11/15/2018 11/15/2018 135,084 135,037 134,309 (729) 1.21 1.98 0.70 0.71 0.00

07/27/2017 AA+ Aaa 250,000 US TREASURY N/B 1.25 12/15/2018 12/15/2018 249,795 249,883 248,478 (1,405) 1.31 2.03 0.78 0.79 0.01

08/28/2017 AA+ Aaa 200,000 US TREASURY N/B 1.00 03/15/2019 03/15/2019 199,063 199,368 197,718 (1,650) 1.31 2.11 1.02 1.04 0.02

03/06/2017 AA+ Aaa 250,000 US TREASURY N/B 1.38 09/30/2018 09/30/2018 250,654 250,245 249,200 (1,045) 1.21 1.93 0.58 0.58 0.01

07/27/2017 AA+ Aaa 250,000 US TREASURY N/B 1.25 01/31/2019 01/31/2019 249,717 249,827 248,123 (1,704) 1.33 2.08 0.91 0.92 0.01

08/01/2017 AA+ Aaa 225,000 US TREASURY N/B 1.38 02/28/2019 02/28/2019 225,229 225,145 223,394 (1,752) 1.31 2.10 0.98 1.00 0.01

09/15/2017 AA+ Aaa 200,000 US TREASURY N/B 1.25 04/30/2019 04/30/2019 199,672 199,763 197,972 (1,791) 1.35 2.13 1.14 1.16 0.02

04/11/2016 AA+ Aaa 200,000 US TREASURY N/B 0.75 03/31/2018 03/31/2018 200,094 200,004 199,846 (158) 0.73 1.65 0.08 0.08 0.00

02/05/2018 AA+ Aaa 250,000 US TREASURY N/B 1.38 02/15/2020 02/15/2020 246,270 246,384 245,723 (662) 2.13 2.27 1.93 1.96 0.05

03/17/2017 AA+ Aaa 250,000 US TREASURY N/B 1.25 10/31/2018 10/31/2018 250,000 250,000 248,838 (1,163) 1.25 1.95 0.66 0.67 0.01

10/03/2017 AA+ Aaa 200,000 US TREASURY N/B 1.50 05/31/2019 05/31/2019 200,203 200,155 198,428 (1,727) 1.44 2.14 1.23 1.25 0.02

10/03/2017 AA+ Aaa 200,000 US TREASURY N/B 1.63 06/30/2019 06/30/2019 200,594 200,458 198,604 (1,854) 1.45 2.16 1.31 1.33 0.02

12/01/2017 AA+ Aaa 200,000 US TREASURY N/B 1.63 07/31/2019 07/31/2019 199,508 199,579 198,482 (1,097) 1.78 2.17 1.39 1.42 0.03

02/03/2017 AA+ Aaa 200,000 US TREASURY N/B 1.00 05/15/2018 05/15/2018 200,125 200,021 199,778 (243) 0.95 1.53 0.20 0.21 0.00

02/03/2017 AA+ Aaa 150,000 US TREASURY N/B 1.13 06/15/2018 06/15/2018 150,322 150,070 149,754 (316) 0.96 1.68 0.29 0.29 0.00

02/17/2017 AA+ Aaa 200,000 US TREASURY N/B 0.88 07/15/2018 07/15/2018 199,586 199,888 199,312 (576) 1.02 1.79 0.37 0.37 0.00

5,060,000 5,047,727 5,047,956 5,025,207 (22,750) 1.48 2.04 1.05 1.07 0.02

5,271,866 5,259,593 5,259,822 5,237,073 (22,750) 1.42 1.96 1.01 1.03 0.02

Page 23: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

Township of Teaneck 11/3/2017 Modular Space Corporation   11/3/2017

Certificate holder is included as an additional insured (Lessor) and loss payee as respects the Township of Teaneck's rental of two 8 X 40 containers valued at $16,000 each located at 818 Teaneck Road from 11/17/17 to 12/31/17. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies.*

Township of Teaneck 11/10/2017 City of Hackensack   11/10/2017

Evidence of insurance as respects the Township of Teaneck's use of the City of Hackensack Fire Department's Ladder Truck for one month.   

City of Orange Township 11/29/2017 County of Essex 11/29/2017

Certificate holder is included as an additional insured as respects the City of Orange Township's grant for the senior citizen visiting nurse program. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. * 

City of East Orange 12/19/2017 Evidence of Insurance 2018 CRIME STAT

Evidence of Statutory Bond Coverage for: CFO William Senande; Tax Collector Annmarie Corbitt; Municipal Court Judge Sherwin G. Campbell; Court Administrator Sybonae Oliphant; Municipal Court Judge Marvin Braker; Municipal Court Judge Melinda Hawkins‐Taylor; Municipal Court Judge Wilfredo Benitez; Municipal Court Judge Steven Brister.

City of East Orange 12/19/2017Wells Fargo Equipment Finance Inc 2018 AL/APD

Certificate holder is included as additional insured (Lessor) and loss payee as respects the City of East Orange's lease of 2012 Spartan 4S7CT2D96CC074856. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. * 

City of East Orange 12/19/2017 NJ Motor Vehicle Services  2018 GL/AL

Evidence of insurance as respects transit plates for tow behind non‐ motorized equipment for the following: 2017 WAN message board #01283, 2017 GEN light tower #37282 and 2017 ATLAS compressor #53691.  

City of East Orange 12/19/2017US Bancorp Government Leasing & Finance, Inc.

2018 GL/AL/WC/ APD

US Bancorp Government Leasing and Finance, Inc. and its successors and assigns are included as additional insured and lender's loss payee as respects the following vehicles: 2015 Ford F350 # 1FT8W3B67FEC15309, 2015 Ford F350 #1FT8W3B67FEC15310, 2015 Ford F350 # 1FTRF3B67FEC15301, 2015 Ford F350 # 1FTRF3B69FEC15302, 2015 Ford F350 # 1FTRF3B60FEC15303.*

City of East Orange 12/19/2017US Bank Equipment Finance Government Leasing

2018 GL/AL/WC/ APD

Government Leasing and Finance, Inc. and/or its assigns are included as additional insured (Lessor) & lenders loss payee as respects to the City of East Orange's financing of:  2015 Ferrara LP 104 Ladder Truck #1F9557631FH140296, Valued at $731,540 (Contract Number 077‐0019639‐002) and 2015 Ford F550 Bus #1FDGFGYXFEC42159 valued at $86,000, 2015 Ford F550 Bus # 1FDGF5GYXFEC42160, Valued at $86,000 and 2015 Chevy Bus # 1GB6G5BGXF1140304, Valued at $120,000 (Contract # 077‐0019639). *

City of East Orange 12/19/2017 Area Rentals 

2018 GL/AL/WC/ PROP

Evidence of insurance as respects the City of East Orange's rental of two loaders, 2011 John Deere Model 319, valued at $36,350 and 2012 John Deere Model 318D #0072, valued at $37,650. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. 

City of East Orange 12/19/2017 Key Equipment Finance ISAOA 

2018 GL/AL/WC/ PROP

Key Government Finance, Inc., their successors and/or assigns are included as additional insured and loss payee as respects the City of East Orange's financing of networking equipment valued at $871,787.77 (#41261). Property coverage includes theft pursuant to the terms, conditions, limitations and exclusions of the PEJIF Insurance Policy. *

Page 24: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

City of East Orange 12/19/2017 PNC Equipment Finance 

2018 GL/AL/WC/ PROP

PNC Equipment Finance, LLC and its successors and/or assigns (ISAOA) are included as additional insured (Lessor) and loss payee as respects The City of East Orange's lease of 45 2015 EZGO golf carts valued at $4,200 each and 5 2015 EZGO Utility Vehicles valued at $7,000 each ‐ total value of $224,000 Lease Number 189666000. *

City of East Orange 12/19/2017Veolia Water North America Northeast LLC

2018 GL/AL/WC/ PROP Evidence of insurance    

City of East Orange 1/22/2018 Area Rentals Inc. 

2018 GL/AL/WC/ PROP

Evidence of insurance as respects the City of East Orange's rental of 2012 skid steer loader model S165 SN #NEM480919, valued at $41,030, during the 2018 calendar year. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. 

City of East Orange 12/19/2017Essex County Dept of Health & Rehabilitation

2018 GL/AL/WC

The County of Essex is included as an additional insured (Grantor) as respects to the City of East Orange's receipt of the Municipal Alliance Grant for 2018. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. * 

City of East Orange 12/19/2017Passaic Valley Sewerage Commission

2018 GL/AL/WC

Evidence of insurance as respects the City of East Orange's use of the certificate holder's premises to discharge waste water (spoils). Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. 

City of East Orange 12/19/2017NJ Department of Environmental Protection

2018 GL/AL/WC

Evidence of insurance as respects the City of East Orange's receipt of the NJDEP Clean Construction grant. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies.  

City of East Orange 12/19/2017 Area Rentals Inc 2018 GL/AL/WC

Certificate holder is included as loss payee as respects to the City of East Orange's rental of: three 2012 John Deere 318D #0306, #0263 & #0072 and two CID snow plow attachments. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. * 

City of East Orange 12/19/2017East Orange Board of Education 

2018 GL/AL/WC

East Orange Board of Education, NJ Schools Development Authority, New Jersey Economic Development Authority & The State of New Jersey are included as additional insured as respects the City of East Orange Ordinance #7, School Demonstration Project Area & Pre‐Development Grant. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. *

City of East Orange 12/19/2017East Orange Board of Education

2018 GL/AL/WC

Certificate holder is included as additional insured (Premises Owner) as respects the City of East Orange's use of the East Orange Board of Education's premises for the 2018 calendar year for city sponsored events (council meeting, presentations & recreation activities). * 

City of East Orange 12/19/2017 East Orange School District 2018 GL/AL/WC

Certificate holder is included as an additional insured (Premises Owner) as respects the City of East Orange's use of Cicely Tyson School for the Mayor's State of City address in January. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. * 

City of East Orange 12/19/2017County of Essex Division of Senior Services

2018 GL/AL/WC

The County of Essex is included as an additional insured (Grantor) as respects the 2017 Home Friend Grant Contract. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies.*  

Page 25: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

City of East Orange 12/19/2017 Middlesex Fire Academy 2018 GL/AL/WC

The County of Middlesex is included as additional insured (Premises Owner) as respects the City of East Orange's fire department training for the 2018 calendar year. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies.* 

City of East Orange 12/19/2017 N.J. Dept. of Education 2018 GL/AL/WC

The State of New Jersey, New Jersey Economic Development Authority, NJ Schools Development Authority & East Orange Board of Education are included as additional insured as respects the City of East Orange Ordinance #7, School Demonstration Project Area & Pre‐Development Grant. Coverage is subject to the terms, conditions, limitations & exclusions of the policies.*

City of East Orange 12/19/2017NJ Division of Mental Health & Addiction Services

2018 GL/AL/WC

Certificate holder and the State of New Jersey are included as additional insureds (Grantor) as respects the City of East Orange's renewal of the Substance Use Disorder Treatment Initiatives Fee For Service Contract. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies.*

City of East Orange 12/19/2017N.J. Economic Development Authority

2018 GL/AL/WC

New Jersey Economic Development Authority, NJ Schools Development Authority, The State of New Jersey & East Orange Board of Education are included as additional insured as respects the City of East Orange Ordinance #7, School Demonstration Project Area & Pre‐Development Grant. Coverage is subject to the terms, conditions, limitations & exclusions of the PEJIF policies. *

City of East Orange 12/19/2017New Jersey School Development Authority

2018 GL/AL/WC

NJ Schools Development Authority, New Jersey Economic Development Authority, The State of New Jersey & East Orange Board of Education are included as additional insured as respects the City of East Orange Ordinance #7, School Demonstration Project Area & Pre‐Development Grant. Coverage is subject to the terms, conditions, limitations & exclusions of the PEJIF policies. *

City of East Orange 12/19/2017PSE&G HOLIDAY LIGHTING GROUP

2018 GL/AL/WC

Certificate holder is included as an additional insured as respects the City of East Orange's attachment of holiday decorations, banners and signs to poles during 2018. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies.* 

City of East Orange 12/19/2017 State of New Jersey 2018 GL/AL/WC

The State of New Jersey, New Jersey Economic Development Authority, NJ Schools Development Authority & East Orange Board of Education are included as additional insured as respects the City of East Orange Ordinance #7, School Demonstration Project Area & Pre‐Development Grant. Coverage is subject to the terms, conditions, limitations & exclusions of the policies.*

City of East Orange 12/19/2017State of New Jersey Dept. of Children & Families

2018 GL/AL/WC

Certificate holder is included as additional insured as respects Contract # 16SQGM for the East Orange Substance Abuse Treatment Center. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies.* 

City of East Orange 12/19/2017United Way of Northern New Jersey

2018 GL/AL/WC

Evidence of insurance as respects the City of East Orange's WIC Program located at 185 Central Avenue, East Orange, NJ.   

City of East Orange 12/19/2017Veolia Water North America Northeast LLC

2018 GL/AL/WC Evidence of Insurance.    

City of East Orange 1/31/2018NJ Economic Development Authority

2018 GL/AL/WC

The NJ Economic Development Authority (NJEDA) and the State of New Jersey are included as additional insured as respects to the City of East Orange's receipt of grant funding for the 2018 East Orange Streetscape Project ‐ NJEDA project #4020. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. *

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PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

Town of West New

York 12/28/2017 Evidence of Insurance  2018 CRIMEEvidence of Statutory Bond Coverage for: Treasurer Nelson Diaz; Tax Collector Kerri Ann Tierney; Municipal Judge Amarillis Diaz; Court Administrator Deisy Bello; Municipal Judge Armando Hernandez.  

Town of West New

York 12/28/2017 Municipal Capital Corp.2018 GL/PROP

Certificate holder is included as additional insured (Lessor) for General and Excess Liability pursuant to the terms, conditions, limitations, and exclusions of the JIF Casualty Insurance Policy and as loss payee/lender.  

Town of West New

York 12/28/2017 Patriot Public Finance 2018 GL/PROP

Certificate holder is included as additional insured (Lessor) for General and Excess Liability pursuant to the terms, conditions, limitations, and exclusions of the JIF Casualty Insurance Policy and as loss payee/ lender the lease of a Savin 2545 copier with accessories, valued at $8,348. 

Town of West New

York 12/28/2017 Patriot Public Finance 2018 GL/PROP

Certificate holder is included as additional insured (Lessor) for General and Excess Liability pursuant to the terms, conditions, limitations, and exclusions of the JIF Casualty Insurance Policy and as loss payee/ lender the lease of a Savin 2522 digital copier w/accessories, valued at $4,584. 

Town of West New

York 12/28/2017Department of Health & Senior Services 2018 GL/AL Evidence of insurance. All terms and conditions are as per the insurance policy.   

Town of West New

York 12/28/2017 New Jersey Dept. of Health 2018 GL/ALEvidence of insurance as respects the Town of West New York Emergency Medical Services license with the Department of Health, Office of Emergency Medical Services.  

Town of West New

York 12/28/2017 Motor Vehicle Commission 2018 GL/AL/APD Evidence of Insurance.    

Town of West New

York 12/28/2017County of Hudson Division of Housing &

2018 GL/AL/PROP

The County of Hudson is included as an additional insured (Grantor) as respects the Hudson County Division of Housing and Community Development Block Grant Program (CDBG) Approved Project for Fiscal Year 2014 ‐ Veterans' Park Improvements (Grant Amount $400,000).* 

Town of West New

York 12/28/2017 County of Hudson 

2018 GL/AL/WC/APD

Certificate holder is included as an additional insured and loss payee as respects the Town of West New York's use of the certificate holder's 1998 Bluebird Bus, NJ Registration OP‐6341, VIN 1BAGGB7A3XF086605 on loan from the County Transcend Division. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. *

Town of West New

York 12/28/2017Ford Motor Credit Company LLC 

2018 GL/AL/WC/APD

Certificate Holder is included as an additional insured (Lessor) and loss payee as respects Lease #8312100, the lease of three 2014 Ford Police Interceptor Utility vehicles VIN Numbers 1FM5K8AR7EGB54789, 1FM5K8AR3EGB54790 & 1FM5K8AR7EGB54792 valued at $39,342 each. 

Town of West New

York 12/28/2017 Wells Fargo Equipment

2018 GL/AL/WC/ APD

Wells Fargo Equipment Finance is included as an additional insured (Lessor) on liability and loss payee as respects the Town of West New York's lease of a 2013 Braun Ford E‐350 Type II Ambulance VIN 1FDWE3FS6DDA62275 total cost new $140,507.00. * 

Town of West New

York 12/28/2017New Jersey Schools Development Authority

2018 GL/AL/WC

Certificate holder is included as an additional insured (Premises Owner) as respects the Town of West New York's use of the premises (vacant lot) at West New York Public School #6 for emergency snow removal. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies.*

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PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

Town of West New

York 12/28/2017 PSE&G Holiday Lighting Group2018 GL/AL/WC

Public Service Electric & Gas is included as an additional insured as respects the Township of West New York's attachment of holiday decorations to the certificate holder's utility poles and use of their 110 volt electrical outlets. * 

Town of West New

York 1/3/2018Coastal Battle at the Capitol‐Div II & Rec

2018 GL/AL/WC

Evidence of insurance as respects the Town of West New York Recreation Department sponsored cheerleaders participation in the Costal Battle Cheer Competition on 3/17 and 3/18.  

Town of West New

York 1/3/2018 Lyndhurst High School 2018 GL/AL/WC

Evidence of insurance as respects the Town of West New York Recreation Department sponsored cheerleaders participation in the Golden Bear Invitational annual cheer competition 1/20.  

Town of West New

York 1/3/2018 Howell High School 2018 GL/AL/WC

Evidence of insurance as respects the Town of West New York Recreation Department sponsored cheerleaders participation in the annual cheer competition on 2/24.  

Town of West New

York 1/3/2018 St. Anne's Cheerleading 2018 GL/AL/WC

Evidence of insurance as respects the Town of West New York Recreation Department sponsored cheerleaders participation in the annual cheer competition on 2/11.  

Town of West New

York 1/3/2018 Paramus Catholic High School 2018 GL/AL/WC

Evidence of insurance as respects the Town of West New York Recreation Department sponsored cheerleaders participation in the annual cheer competition on 2/17.  

Town of West New

York 1/3/2018 Saddle Brook High School 2018 GL/AL/WC

Evidence of insurance as respects the Town of West New York Recreation Department sponsored cheerleaders participation in the annual cheer competition on 1/14.  

Town of West New

York 1/5/2018 Emerson High School 2018 GL/AL/WC

Certificate holder is included as an additional insured (Premises Owner) as respects the Town of West New York Recreation Department sponsored Cheerleaders participation in the Annual Cavo Cheer Competition on 1/7/2018. * 

Town of West New

York 12/28/2017 Wildwood Convention Center  2018 GL

Evidence of Insurance as respects the Town of West New York Recreation Department cheerleading squads' participation in the Shore Showdown Cheerleading Competition in April at the Wildwood Convention Center.  

Town of West New York 12/28/2017

Wayne Valley Cheerleading Invitational 2018 GL

Evidence of insurance as respects the West New York Recreation Department's participation in the Wayne Valley Cheerleading Invitational, Spring Floor event in February.  

Town of West New York 12/28/2017 David Brearley High School  2018 GL

Certificate holder is included as an additional insured as respects the West New York Recreation Department sponsored cheerleaders' participation in the Bears Invitational Cheerleading Competition in February. *  

Town of West New York 12/28/2017 Wood‐Ridge High School  2018 GL

Evidence of Insurance as respects the Town of West New York Recreation Department cheerleading squads' participation in the Barrons X‐Treme Spirit Challenge cheerleading competition in January.  

Town of West New York 12/28/2017 GottaCheer  2018 GL

Evidence of insurance as respects the Town of West New York Recreation Department's participation the Winter's End Challenge, Gotta Cheer Challenge at Dunn Center in Elizabeth, NJ in March.  

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PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

Town of West New York 12/28/2017 Babe Ruth League Inc  2018 GL

Certificate holder is included as additional insured (Event Sponsor) as respects the Town of West New York sponsored Baseball Teams participation in the Babe Ruth League.  The PEJIF Casualty Insurance Policy does not include a specific exclusion for athletic participants however coverage is subject to the terms, conditions and exclusions of the policy. *

Town of West New York 12/28/2017 GottaCheer  2018 GL

Evidence of insurance as respects the Town of West New York's Recreation Department participation in the Ice Breaker Challenge at Ridgefield Park HS in February.  

Town of West New York 12/28/2017 Hopatcong High School  2018 GL

Evidence of Insurance as respects the Town of West New York Recreation Department's cheerleading squads (Grades K‐12) participation in the Hopatcong Wildcats Cheerleading Competition in February at Hopatcong High School. 

Town of West New York 12/28/2017 Hopatcong High School  2018 GL

Evidence of Insurance as respects the Town of West New York's Recreation Department Cheerleading Squads participation in the Chiefs Cheer Challenge at Hopatcong High School in February.  

Town of West New York 12/28/2017 Livingston High School  2018 GL

Evidence of insurance as respects the Town of West New York's Recreation Department cheerleading squads' (Grades K‐12) participation in the 16th Annual Livingston Cheerleading Invitational Competition in March at Livingston High School. 

Town of West New York 12/28/2017 New Jersey Youth Baseball  2018 GL

New Jersey Youth Baseball and the City of Hackensack are included as additional insured (Event Sponsor & Premises Owner) as respects the Town of West New York Recreation Department 8U‐16U baseball teams' participation in the New Jersey Youth Baseball Memorial Day Tournament in May. * 

Town of West New York 12/28/2017 Pier 6 Pavilion  2018 GL

Evidence of insurance as respects the Town of West New York's Recreation Department sponsored Cheer/Dance Team "Tigers"  participation in the Titan Championship at Pier 6 Pavilion in April.  

Town of West New York 12/28/2017 Secaucus High School  2018 GL

Secaucus High School is included as an additional insured (Premises Owner) as respects the Town of West New York's Recreation Department Cheerleading Squads participation in the Meadowlands Cheerleading Challenge in January.*  

Town of West New York 12/28/2017 Six Flags Cheer Competition  2018 GL

Evidence of insurance as respects the Town of West New York's Recreation Department sponsored Cheer/Dance Team "Tigers" participation in the Six Flags Cheerfest at Six Flags Great Adventure & Safari in Jackson, NJ in May.  

Town of West New York 12/28/2017 Wayne Valley High School  2018 GL

Evidence of insurance as respects the Town of West New York's Recreation Department cheerleading squads' (Grades K‐12) participation in the Spring Floor Event Cheerleading Invitational in March at Wayne Valley High School.  

Town of West New York 12/28/2017 Township of Weehawken  2018 GL

Township of Weehawken is included as additional insured (Premises Owner) as respects the Town of West New York's use of the certificate holder's facilities (Weehawken Waterfront Park Complex & Weehawken Stadium) in June. * 

Town of West New York 12/28/2017

West New York Board of Education 2018 GL

Evidence of insurance as respects the West New York Police Department's use of school facilities for basketball, volleyball and flag football: Number 3 School 5401 Polk Street for basketball on Mondays & Wednesdays. Number 2 Elementary School at 5200 Broadway for Volleyball on Tuesdays & Thursdays. Memorial High School at 5501 Park Ave for Flag Football in November.

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PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTIONTown of West New York 12/28/2017

West New York Board of Education 2018 GL

Evidence of insurance as respects Town of West New York's Recreation Department use of the certificate holder's facilities.   

Town of West New York 12/28/2017 Woodbridge High School  2018 GL

Evidence of Insurance as respects the Town of West New York's Recreation Department Cheerleading Squads participation in the Extreme Spirit Challenge at Woodbridge High School in January.  

Township of Teaneck 12/28/2017 Evidence of Insurance 

2018 CRIME STAT

Evidence of Statutory Bond Coverage for: Interim Treasurer Michael Mariniello; Tax Collector Natalie Huttinot. Municipal Court Judge James Young; Court Administrator Craig Ferdinand.  

Township of Teaneck 12/28/2017 Modular Space Corporation 

2018 GL/PROP

Certificate holder is included as an additional insured (Lessor) and loss payee as respects the Township of Teaneck's rental of an equipment trailer valued at $11,200 located at Votee Park from July through November. *  

Township of Teaneck 12/28/2017 County of Bergen 2018 GL/WC

The County of Bergen, the Bergen County Board of Chosen Freeholders and the Department of Human Services are included as additional insured as respects the Township of Teaneck's participation in the County of Bergen congregate meal program, nutrition site Richard Rodda Community Center. * 

Township of Teaneck 12/28/2017 NJ Transit  2018 GL/AL

NJ Transit is included as an additional insured (Lessor) and loss payee as respects the Township of Teaneck's lease of 2011 Ford E‐350 Supreme Van, VIN 1FDEE3FS3BDA63537. *  

Township of Teaneck 12/28/2017 County of Bergen

2018 GL/AL/WC

The County of Bergen, the Bergen County Board of Chosen Freeholders and the Department of Human Services are included as additional insured as respects the Township of Teaneck's participation in the County of Bergen congregate meal program, nutrition site Richard Rodda Community Center. * 

Township of Teaneck 12/28/2017 NJ Transit 

2018 GL/AL/WC/ APD

Certificate holder is included as an additional insured (Lessor) and loss payee as respects the Township of Teaneck's lease of a 2016 Ford E‐350 Extended Van, Vehicle # 16‐1731 VIN# 1FDEE3FS6GDC57194 cost of vehicle $51,935 Grant Number NJ‐16‐0008.* 

Township of Teaneck 12/28/2017

Sanzari Enterprises Glenpointe Centre 2018 GL

Evidence of insurance as respects the Township of Teaneck sponsored Seniors Hosting Seniors Spring Afternoon Dance in May.   

Township of Teaneck 12/28/2017

State of New Jersey Dept of Children & Families 2018 GL

Evidence of insurance as respects the Sunshine Gardens Preschool sponsored by the Township of Teaneck.   

Township of Teaneck 12/28/2017

Borough of North Arlington Department of Police 2018 GL

Evidence of insurance as respects the Township of Teaneck Police Department's use of the Police Piston Range at Hackensack Meadowlands / Borough of North Arlington NJ. Coverage is subject to the terms, conditions, limitations and exclusion of the PEJIF policies. 

Township of Teaneck 12/28/2017 Fairleigh Dickinson University  2018 GL Evidence of insurance as respects Firefighter Training at Fairleigh Dickinson University during 2018.   Township of Teaneck 12/28/2017 Fairleigh Dickinson University  2018 GL Evidence of insurance as respects the annual Prom Show Off at Fairleigh Dickinson University in May.   Township of Teaneck 12/28/2017 PSE&G  2018 GL

Evidence of insurance as respects the Township of Teaneck's attachment of Holiday Decorations, Banners, and Signs to the certificate holder's utility poles.  

Township of Teaneck 12/28/2017 Teaneck Board of Education  2018 GL

Evidence of insurance as respects the Teaneck Police Department's use of the certificate holder's premises for the Junior Policy Academy in August.   

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PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTIONTownship of Teaneck 12/28/2017 Torah Academy  2018 GL

Evidence of insurance as respects the Township of Teaneck Fire Department's use of the certificate holder's parking lot for training throughout 2018.   

City of Perth Amboy 1/2/2018 Evidence of Insurance 2018 CRIME STAT

Evidence of Statutory Bond Coverage for: Treasurer Jill Goldy; Tax Collector Nancy Martin; Judge George Boyd; Judge Michelle Roman; Judge Kenneth Gonzalez; Court Administrator Laura Meade.  

City of Perth Amboy 1/2/2018NJ TRANSIT Local Programs & Minibus 2018 AL/APD

Certificate holder is included as an additional insured and loss payee as respects 2017 Ford E‐350, Vehicle # 16‐1766, VIN 1FDEE3FS9HDC58583 cost new $52,347, Grant Number NJ‐16‐0009. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. * 

City of Perth Amboy 1/2/2018 NJ Motor Vehicle Commission 2018 AL Evidence of Insurance    

City of Perth Amboy 1/2/2018 Fulton Bank of New Jersey 2018 GL/PROP

Holder is incld. as additional insured & lender loss payee per lease #500028570 for lease of: Body Cameras (ARQV‐BWC‐1) 143 x $265 ea.=$37,895; Car Cameras (ARQV‐1CV‐100) 15 x $5200 ea. =$78,000; Room Cameras (ARQV‐1VR‐ 1) 3 x $5200 ea. =$15,600; Server (VNS‐MS‐36) @ $26,000.  $1000 Deductible * 

City of Perth Amboy 1/2/2018 Sunbelt Rentals Inc. 2018 GL/PROP

Evidence of general liability insurance; property coverage is available for items reported to/scheduled with the Public Entity Joint Insurance Fund.   

City of Perth Amboy 1/30/2018US Bancorp Government Leasing & Finance, Inc.

2018 GL/PROP

Certificate holder is included as an additional insured and loss payee (lender) of equipment through an agreement with Honeywell for the ESIP Project. Coverage is subject to the terms, conditions, limitations and exclusions of the GSMJIF policies. * 

City of Perth Amboy 1/2/2018NJ Department of Health Office of EMS

2018 GL/AL/WC

Evidence of insurance, general liability insurance includes medical malpractice liability for EMS operations. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies.  

City of Perth Amboy 1/2/2018Middlesex County Fire Academy 

2018 GL/AL/WC

The County of Middlesex is included as an additional insured (Premises Owner) as respects City of Perth Amboy firefighter training throughout the year 2018. Pursuant to the terms, conditions, limitation and exclusions of the JIF Insurance Policy. * 

City of Perth Amboy 1/2/2018New Jersey Department of Treasury

2018 GL/AL/WC Evidence of Insurance    

City of Perth Amboy 1/2/2018Perth Amboy Board of Education

2018 GL/AL/WC

Evidence of insurance as respects the City of Perth Amboy Recreation Department's use of the certificate holder's premises for the MAPS Summer Day Camp from July through August.  

City of Perth Amboy 1/2/2018 Bow Tie Pool2018 GL/AL/WC

Evidence of insurance as respects the City of Perth Amboy MAPS Summer Day Camp trip to Bow Tie Pool in July and August.   

City of Perth Amboy 1/2/2018 State of New Jersey2018 GL/AL/WC

Certificate holder is included as an additional insured (Grantor) as respects Grant # WM17‐047 Perth Amboy Redevelopment Agency Project. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. * 

City of Perth Amboy 1/2/2018Perth Amboy Board of Education

2018 GL/AL/WC

Evidence of insurance as respects the City of Perth Amboy Police Department's Pre‐Academy Police Recruit Training Program at various Perth Amboy Board of Education schools in August.  

City of Perth Amboy 1/2/2018 Cape May Police Academy 2018 GL/AL/WC

Evidence of insurance as respects the City of Perth Amboy Police Department recruits attending the Cape May Police Academy.   

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PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

City of Perth Amboy 1/2/2018 Harbortown Terrace LLC 2018 GL/AL/WC

Certificate Holder is included as an additional insured (premises owner) as respects the distribution of the City of Perth Amboy's 'Summer Lunch Program' at Harbortown Terrace during July and August, pursuant to the terms, conditions, limitation and exclusions of the JIF Insurance Policy. * 

City of Perth Amboy 1/2/2018Hunterdon County Emergency Training Center

2018 GL/AL/WC

County of Hunterdon is included as an additional insured (Premises Owner) as respects the City of Perth Amboy Firefighters' attending the academy for training. Pursuant to the terms, conditions, limitation and exclusions of the JIF Insurance Policy. * 

City of Perth Amboy 1/2/2018Middlesex County Fire Academy 

2018 GL/AL/WC

Certificate holder is included as an additional insured (Premises Owner) as respects the City of Perth Amboy Police Department attending training at the academy throughout the year. Pursuant to the terms, conditions, limitation and exclusions of the JIF Insurance Policy. * 

City of Perth Amboy 1/2/2018NJ Dept. of Health Office of EMS

2018 GL/AL/WC Evidence of Insurance    

City of Perth Amboy 1/2/2018The State of New Jersey & NJ Economic Development Auth

2018 GL/AL/WC

The State of New Jersey and the NJEDA are included as additional insured (Grantor) as respects liability coverage regarding the property located at 105 Sadowski Parkway, 41 Brighton Ave, and 250 Water St., Block 9.02 Lot 1, Block 9.03 Lot 1, Block 9.01 Lot 1 & 2 & 1.01, Block 51 Lot 10, Block 53 Lot 1" grant funding for the Waterfront Redevelopment Plan. *

City of Perth Amboy 1/2/2018State of New Jersey Economic Development Authority

2018 GL/AL/WC

The State of New Jersey, Economic Development Authority are included as additional insured (Grantor) as respects a grant funding the Waterfront Redevelopment Plan including the Bayview Park and Waterfront; and along Sadowski Park and Front Street. Pursuant to the terms, conditions, limitation and exclusions of the JIF Insurance Policy. *

City of Perth Amboy 1/2/2018Perth Amboy Board of Education 

2018 GL/AL/WC

Evidence of insurance as respects the Perth Amboy Police Department's use of Perth Amboy High School for "Active Shooter Training Program" from March to May.  

City of Perth Amboy 1/2/2018Perth Amboy Board of Education 

2018 GL/AL/WC

Evidence of insurance as respects the City of Perth Amboy's use of school facilities for recreation programming and one‐time events/activities throughout 2018.  

City of Perth Amboy 1/2/2018 PSE&G Holiday Lighting Group2018 GL/AL/WC

PSE&G is included as an additional insured as respects the City of Perth Amboy's attachment of holiday decorations, banners, and signs to utility poles during the 2018 holiday season. Pursuant to the terms, conditions, limitation and exclusions of the JIF Insurance Policy. * 

City of Perth Amboy 1/2/2018State of New Jersey Dept Environmental Protection

2018 GL/AL/WC

The State of New Jersey Department of Environmental Protection and its employees are included as additional insured (Grantor) as respects the City of Perth Amboy receiving a grant for the Municipal Public Access Plan. Pursuant to the terms, conditions, limitation and exclusions of the JIF Insurance Policy. *

City of Perth Amboy 1/2/2018State of New Jersey Div of Property Management 2018 GL Evidence of Insurance    

City of Perth Amboy 1/2/2018State of New Jersey Treasury Division 2018 GL Evidence of Insurance    

City of Perth Amboy 1/2/2018Academy for Urban Leadership High School 2018 GL Evidence of insurance as respects the City of Perth Amboy's use of the certificate holder's facilities.   

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PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

City of Perth Amboy 1/2/2018 Michael Fallas 2018 GLEvidence of insurance as respects the City of Perth Amboy's use of Fink Park at 168 Smith Street, Perth Amboy for  various community events during 2018.  

City of Perth Amboy 1/2/2018 Harbortown Terrace LLC  2018 GLEvidence of insurance as respects the City of Perth Amboy sponsored Family Fund Day at Harbortown Terrace in September.   

City of Perth Amboy 1/2/2018Perth Amboy Board of Education  2018 GL

Evidence of insurance as respects the City of Perth Amboy Police Department's "Active Shooter Training Program" at various Perth Amboy Board of Education schools throughout 2017.  

City of Perth Amboy 1/2/2018 Cornucopia Cruise Line  2018 GLEvidence of insurance as respects the City of Perth Amboy co‐sponsor and host of the 2018 Taste of Perth Amboy in October at the Cornucopia St. Charles Vessel.  

City of Perth Amboy 1/2/2018Comite Patriotico Cultural Puertoriqueno 2018 GL Evidence of Insurance    

City of Perth Amboy 1/2/2018County of Middlesex County Prosecutor 2018 GL

Evidence of Insurance as respects the City of Perth Amboy's use of the Skywatch Surveillance Platform at two events: Puertorican Hall Ave Cultural Festival in June and the Dominican Festival in August.  

City of Perth Amboy 1/2/2018County of Middlesex Office of Parks & Recreation 2018 GL

The County of Middlesex is included as an additional insured (Lessor) as respects the City of Perth Amboy's use of the Showmobile at the Andes Art Festival in June. Pursuant to the terms, conditions, limitation and exclusions of the JIF Insurance Policy. * 

City of Perth Amboy 1/2/2018 Grace Lutheran Church  2018 GLEvidence of insurance as respects the City of Perth Amboy's use of the certificate holder's facilities for elections in June and November.   

City of Perth Amboy 1/2/2018Kushner Properties Landings at Harborside, LLC 2018 GL

Evidence of insurance as respects the City of Perth Amboy's use of block/lot 135 for parking of emergency vehicles in July.   

City of Perth Amboy 1/2/2018 Michael Fallas  2018 GLEvidence of Insurance as respects the City of Perth Amboy's use of Fink Park at 168 Smith Street, Perth Amboy, NJ in November for a Small Business Event and December for Pictures with Santa.  

City of Perth Amboy 1/2/2018Middlesex County Vocational & Technical Schools 2018 GL

Middlesex County Vocational and Technical and Adult Technical Schools are included as additional insured (Premises Owner) as respects the City of Perth Amboy's use of the gym for their recreation programs February through December. Pursuant to the terms, conditions, limitation and exclusions of the JIF Insurance Policy. *

City of Perth Amboy 1/2/2018Middlesex County Office of Aging & Disabled Services 2018 GL

The County of Middlesex is included as additional insured as respects the City of Perth Amboy's grant application for funding under the Area Plan for residential maintenance. Pursuant to the terms, conditions, limitation and exclusions of the JIF Insurance Policy. * 

City of Perth Amboy 1/2/2018Middlesex County Vocational & Technical Schools 2018 GL

Certificate holder is included as an additional insured (Premises Owner) as respects the City of Perth Amboy Police Department's use of the certificate holder's facilities in March. Pursuant to the terms, conditions, limitation and exclusions of the JIF Insurance Policy. * 

City of Perth Amboy 1/2/2018 MSVTS  2018 GLEvidence of insurance as respects the City of Perth Amboy's use of Vo‐Tech Perth Amboy for elections in June and November.   

City of Perth Amboy 1/2/2018Perth Amboy Board of Education  2018 GL

Evidence of insurance as respects the City of Perth Amboy's use of the certificate holder's facilities for elections in June and November.   

City of Perth Amboy 1/2/2018Perth Amboy Board of Education  2018 GL

Evidence of insurance as respects the City of Perth Amboy's use of the Adult Education Center for the Office on Aging Senior Computer Classes during 2018.  

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PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

City of Passaic 1/3/2018 Evidence of Insurance 2018 CRIME STAT

Evidence of Statutory Bond Coverage for: Treasurer/Finance Director Vidya Nayak; Tax Collector Carrier Malak. Municipal Court Judge Xavier Rodriguez; Municipal Court Judge Debbie Irwin; Court Administrator Sandra Henderson.  

City of Passaic 1/3/2018State of New Jersey School Development Authority

2018 SITE POLLUTION

Evidence of insurance as respects the City of Passaic's seasonal storage of leaves and snow at a lot situated at 36‐86 Parker Ave. (block 4057, lot 52), Passaic, NJ, under license agreement with the Certificate Holder. Subject to the insurance policy terms & conditions. 

City of Passaic 1/3/2018 NJ Transit 

2018 GL/AL/WC/ APD

NJ Transit is included as an additional insured (Lessor) and loss payee as respects the lease of 2011 Ford Supreme VIN# 1FDFE4FSXBDA83598 valued at $50,401. *  

City of Passaic 1/25/2018 City of Paterson 

2018 GL/AL/WC/ APD

City of Paterson is included as an additional insured as respects the City of Passaic's use of 2005 Emergency One Ladder Truck VIN 4ENGAAA8351009279 cost new $500,0000. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. * 

City of Passaic 1/3/2018 State of New Jersey 2018 GL Evidence of Insurance, Passaic Alliance 286 Passaic Street, Passaic, NJ 07055.   

City of Passaic 1/3/2018AABC American Amateur Baseball Congress 2018 GL

Evidence of insurance as respects the City of Passaic sponsored 12U Baseball Teams' participation in the AABC Tournament.   

City of Passaic 1/3/2018 Babe Ruth League Inc  2018 GLCertificate holder is included as additional insured as respects the City of Passaic's Babe Ruth League. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. *  

City of Passaic 1/3/2018State of New Jersey Dept of Children & Families 2018 GL

The certificate holder is included as additional insured (Service Contract) as respects contract #14HPTN (Out‐Patient Substance Abuse Treatment & Urine Testing) between the Department of Children & Families, the City of Passaic & the Passaic Alliance located at 286 Passaic Street, Passaic, NJ 07055. * 

City of Passaic 1/3/2018State of New Jersey School Development Authority

2018 GL/AL/WC

Certificate holder is included as an additional insured (Premises Owner) as respects the City of Passaic's use of the certificate holder's vacant lot (Parker Avenue, Passaic, NJ, Tax Block 4057, Lot 52), associated with the Dayton Avenue Elementary School for snow removal storage.* 

City of Passaic 1/3/2018County of Passaic Roads Department

2018 GL/AL/WC Evidence of Insurance    

City of Passaic 1/3/2018 PSEG Holiday Lighting Group2018 GL/AL/WC

Certificate holder is included as an additional insured as respects the City of Passaic's installation of holiday decorations on the certificate holder's utility poles in the City of Passaic Business District in November and December. * 

City of Passaic 1/3/2018Passaic & Paterson Boys & Girls Club

2018 GL/AL/WC Evidence of insurance as respects the City of Passaic's police training in the 2018 calendar year.   

City of Passaic 1/3/2018 Passaic Plaza Associates LLC2018 GL/AL/WC

Passaic Plaza Associates, LLC and The Jemstone Group, LLC are included as additional insured as respects the City of Passaic's use of the 8th Street former Shoprite Supermarket parking lot for all CDL training in 2018. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. *

City of Passaic 1/3/2018Boys & Girls Club of Patterson & Passaic

2018 GL/AL/WC

Certificate holder is included as additional insured (Premises Owner) as respects the City of Passaic Recreation Department's Women's Pick‐Up Basketball Program. *  

City of Passaic 1/3/2018 Marble Jam Kids 2018 GL/AL/WC

Evidence of insurance as respects the Autism Awareness Fun Run in May at Third Ward Veterans Memorial Park, 350 Passaic Avenue, Passaic NJ.   

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PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

City of Passaic 1/3/2018State of New Jersey School Development Authority

2018 GL/AL/WC

Certificate holder is included as an additional insured (Premises Owner) as respects the City of Passaic's use of the certificate holder's vacant lot (Block #4057, Lot #52, 36‐86 Parker Avenue, Passaic, NJ) for snow removal and leaf storage. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. *

City of Passaic 1/3/2018 Rutherford Babe Ruth 2018 GL/AL/WC

Evidence of insurance as respects the City of Passaic Recreation Baseball participation in the Babe Ruth Fall Baseball League.   

City of Passaic 1/3/2018 Dundee c/o Suez 2018 GL/AL/WC

Dundee Water Power and Land Company, Suez and the North Jersey District Water Supply Commission are included as additional insured as respects the Agreement Amendment to Lease Agreement for Dundee Canal. Subject to the terms, conditions, limitations and exclusions of the PEJIF Policies. * 

City of Passaic 1/3/2018 PONY Baseball / Softball 2018 GL/AL/WC

Evidence of insurance as respects the City of Passaic Recreation Department's participation in the PONY baseball & softball. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. 

City of Passaic 1/3/2018County of Passaic Police Academy

2018 GL/AL/WC

Evidence of insurance as respects the City of Passaic's attendance at the County of Passaic police academy during the 2018 calendar year.   

City of Passaic 1/3/2018 Perfect Game Super 25 2018 GL/AL/WC

Evidence of insurance as respects the City of Passaic Recreation Department sponsored teams participation in the PGBA Summer Championship. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. 

City of Passaic 1/3/2018NJ Transit Corporation Attn: Director of Risk

2018 GL/AL/WC

NJ Transit and the State of New Jersey are included as additional insured as respects the City of Passaic's temporary access to NJ Transit sites for the City's John Street Sewer Project. Coverage is subject to the terms, conditions, limitations & exclusions of the PEJIF policies. * 

City of Passaic 1/3/2018 City of Passaic UEZ 2018 GL/AL/WC Evidence of insurance as respects the City of Passaic UEZ ‐ approved quasi entity.   

City of Passaic 1/3/2018 NJ Transit Corporation 2018 GL/AL/WC

NJ Transit & the State of NJ are included as additional insured as respects the City of Passaic's temporary access to NJ Transit sites for the John Street emergency storm sewer project. Coverage is subject to the terms, conditions, limitations and exclusions for the PEJIF policies. * 

City of Passaic 1/3/2018 NJ Transit Corporation 2018 GL/AL/WC

NJ Transit and the State of New Jersey are included as additional insured as respects to the City of Passaic's temporary access to NJ Transit sites for the Broadway, Passaic, Mile Post 10.98 sewer project. Coverage is subject to the terms, conditions, limitations and exclusions for the PEJIF policies. * 

City of Passaic 1/3/2018Family Support Organization of Passaic County

2018 GL/AL/WC

The certificate holder is included as an additional insured as respects the Partnership Agreement Memorandum of Understanding (MOU) between the certificate holder and the City of Passaic Recreation Department. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. *

City of Passaic 1/3/2018Picatinny Arsenal Fire & Emergency Services

2018 GL/AL/WC

Evidence of insurance as respects the City of Passaic's fire department attendance at training at the Picatinny Arsenal Fire Department during the 2018 calendar year.  

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PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

City of Passaic 1/3/2018BAW II, LLC d/b/a Big Apple West

2018 GL/AL/WC

BAW II, LLC dba Big Apple West is included as an additional insured (Premises Owner) as respects the City of Passaic's use of the certificate holder's premises for surveillance camera installation. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies.* 

City of Passaic 1/3/2018 County of Passaic2018 GL/AL/WC

Evidence of insurance as respects the Passaic Alliance (approved quasi entity), located at 286 Passaic Street, Passaic, NJ 07055.   

City of Passaic 1/3/2018 Township of Lyndhurst 2018 GL/AL/WC

Township of Lyndhurst is included as additional insured as respects the City of Passaic Recreation Department sponsored baseball teams' participation in the Lyndhurst 2018 Wood Bat 15U/16U Tournament. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. * 

City of Passaic 1/3/2018 Major League Baseball 2018 GL/AL/WC

The Office of the Commissioner of Baseball, its Bureaus, Committees, Subcommittees and Councils, MLB Advanced Media, L.P., Major League Baseball Enterprises, Inc., Major League Baseball Properties, Inc. (doing business in its own name and as Major League Baseball Productions and Major League Baseball International), The MLB Network, LLC the Clubs of Major League Baseball, and each of their subsidiaries or affiliated entities, any entity which, now or in the future, controls, is controlled by, or is under common control with the Major League Clubs or the Office of the Commissioner of Baseball, and its and their directors,officers and employees are included as additional insured as respects to the City of Passaic's participation in the RBI Program. Waiver of Subrogation applies. *

City of Passaic 1/3/2018

New Jersey School Development Authority (NJSDA)

2018 GL/AL/WC

Certificate holder is included as additional insured (Licensor) as respects the City of Passaic's use of premises located on Dayton Avenue and Parker Avenue (Block I4057, Lots 23 & 52) Passaic, NJ in June. *  

City of Passaic 1/3/2018 New Jersey Youth Baseball 2018 GL/AL/WC

Evidence of insurance as respects the City of Passaic's 9U, 10U, 12U, 13U, 14U and 15U participation in the NJYB league.   

City of Passaic 1/3/2018The Passaic Board of Education 

2018 GL/AL/WC

Certificate holder is included as an additional insured (Premises Owner) as respects general liability pursuant to the terms, conditions, limitations, and exclusions of the policy as respects the Shared Services Agreement. *  

City of Passaic 1/3/2018 Passaic Board of Education 2018 GL/AL/WC

Certificate holder is included as additional insured (premises owner) as respects the Shared Services Agreement between the City of Passaic and Passaic Board of Education regarding the Route 21 Surveillance Cameras. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies.*

City of Passaic 1/3/2018City of Paterson Dept of Health & Human Service

2018 GL/AL/WC

City of Paterson is included as an additional insured (Grantor) as respects the City of Passaic providing support services for the Ryan White/HOPWA Program.  Services include case management, rental assistance, utility assistance and security deposits. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies.*

City of Passaic 1/3/2018 Princeton Blairstown Center 2018 GL/AL/WC

Certificate holder is included as additional insured (Premises Owner) as respects the City of Passaic's summer camp activities at the Princeton Blairstown Center in August. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. * 

Page 36: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

City of Passaic 1/3/2018Ripken Baseball Camps & Clinics LLC

2018 GL/AL/WC

Ripken Baseball Camps & Clinics, LLC, Double Play Dining, LLC, Cal Ripken, Sr. Foundation, Inc. and Ripken Baseball, Inc. are included as additional insured (Event Sponsor) as respects the City of Passaic's 14U participation in the Ripken Experience Tournament in August. * 

City of Passaic 1/3/2018 State of New Jersey 2018 GL/AL/WC

The State of NJ is included as an additional insured (Grantor) as respects the funding grant for the City of Passaic Department of Human Services/Passaic Alliance. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. * 

City of Passaic 1/3/2018 UGALS United Girls Athletic2018 GL/AL/WC

Evidence of insurance as respects the City of Passaic Recreation Department sponsored 12U, 14U & 17U participation in the UGALS League.   

City of Passaic 1/18/2018 NJ Transit 2018 GL/AL/WC Evidence of Insurance    

Borough of Roselle 1/4/2018 Evidence of Insurance 2018 CRIME STAT

Evidence of Statutory Bond Coverage for: CFO/Treasurer Kimberley Browne; Tax Collector Sharon Ann Curren; Municipal Judge Carl Marshall; Court Administrator Vivian Hoff.  

Borough of Roselle 1/4/2018Union County Administration Building

2018 GL/AL/WC

The County of Union, its Board of Chosen Freeholders, officers, employees, agents, servants and the State of New Jersey are included as Additional Insured under the General Liability policy as respects the Borough of Roselle's participation in the Union County Municipal Alliance Program. The General Liability insurance coverage is provided on a primary and non‐contributory basis to the County of Union, et al. Where applicable, a waiver of subrogation in favor of the County of Union, its Board of Chosen Freeholders, officers, employees, agents, servants and the State of New Jersey is to be included in those policies of insurance where premitted by law. *

Borough of Roselle 1/4/2018 YMCA 2018 GL/AL/WC Evidence of insurance as respects Summer Camp.    

Borough of Roselle 1/4/2018 Evidence of Insurance 2018 GL/AL/WC Evidence of insurance    

Borough of Roselle 1/4/2018 Roselle Borough Board of Ed2018 GL/AL/WC Evidence of insurance as respects the Holiday Gospel Extravaganza in December.   

Borough of Roselle 1/4/2018NJ Dept of Health Office of EMS

2018 GL/AL/WC Evidence of Insurance    

Borough of Roselle 1/4/2018 PSE&G Holiday Lighting Group2018 GL/AL/WC Evidence of insurance    

Borough of Roselle 1/4/2018Union County Municipal Alliance

2018 GL/AL/WC Evidence of insurance as respects the Union County Municipal Alliance    

Borough of Roselle 1/4/2018 County of Union 2018 GL/AL/WC

The County of Union, its Board of Chosen Freeholders, its servants, agents & employees are included as additional insured as respects the Borough of Roselle ‐ Roselle First Initiative Workforce Innovations and Opportunities Act Youth Program Grant Program sponsored by the County of Union. * 

Borough of Roselle 1/4/2018Warinanco Park Skating Rink County of Union

2018 GL/AL/WC Evidence of insurance as respects the Borough of Roselle's use of the facility during December.   

Borough of Roselle 1/4/2018 The Gateway Family YMCA  2018 GL Evidence of insurance as respects Borough of Roselle sponsored Summer Camp from June to August.   

Page 37: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

Borough of Roselle 1/4/2018 City of Linden  2018 GL

Evidence of Liability insurance as respects the Roselle Police Department's use of the City of Linden Pistol Range, from September through December. Subject to the terms, conditions, exclusions of the policy.  

Borough of Roselle 1/4/2018 Linden Public Property Dept  2018 GLCity of Linden is included as an additional insured as respects the Borough of Roselle's rental of a Mobile Sound Stage for the House Music Festival in Warinaco Park, Roselle Section in July. *  

Borough of Roselle 1/4/2018 Roselle Board of Education  2018 GLEvidence of insurance as respects the Borough of Roselle sponsored Roselle Double Dutch event to be held at L.V. Moore Middle School from April to June.  

Borough of Roselle 1/4/2018 Roselle Board of Education  2018 GLEvidence of insurance as respects the Borough of Roselle's use of Abraham Clark High School (122 East 6th Avenue Roselle, NJ 07203) on Sundays from April to May for borough sponsored events.  

Borough of Roselle 1/4/2018 Roselle Board of Education  2018 GLEvidence of insurance as respects Summer Camp at Charles C. Polk School, Grace Wilday School, Washington School and Harrison School June to August.   

Borough of Roselle 1/4/2018County of Union Administration Building 2018 GL

The County of Union, its Board of Chosen Freeholders, officers, employees, agents and servants are included as additional insured (Premises Owner) as respects the Borough of Roselle's liability, for the use of Warinanco Park for Borough of Roselle Music Festival in  July/August. Activities include music, food vending, novelty vending, face painting & pony rides. *

Borough of Roselle 1/4/2018 County of Union  2018 GL

The County of Union, its Board of Chosen Freeholders, officers, employees, agents and servants are included as additional insured (Premises Owner) as respects the Borough of Roselle's use of Warinanco Park for Cancer Walks in September and October. * 

Borough of Roselle 1/4/2018 County of Union  2018 GL

The County of Union, its Board of Chosen Freeholders, officers, employees, agents and servants are included as additional insured (Premises Owner) as respects the Borough of Roselle's use of Warinanco Park for a Cancer Walk in October. * 

Borough of Roselle 1/4/2018 County of Union  2018 GLEvidence of Insurance as respects the closing of Chestnut Street between 2nd & 3rd Avenue in December.   

Borough of Roselle 1/4/2018 County of Union  2018 GL

The County of Union, its Board of Chosen Freeholders, Officers, Employees, Agents, and Servants are included as additional insured (Premises Owner) under the General Liability Policy as respects the Borough of Roselle's use of Warinanco Park for Borough of Roselle Music Festival in July/August. Activities include music, food vending novelty vending, face painting & pony rides. The General Liability insurance coverage is provided on a primary, non‐contributory basis to the County of Union et. al. Where applicable a waiver of subrogation in favor of the above additional insured is to be included in those policies of insurance where permitted by law. *

Borough of Roselle 1/4/2018County of Union Administration Building 2018 GL

The County of Union, its Board of Chosen Freeholders, officers, employees, agents, servants and the State of New Jersey are included as Additional Insured under the General Liability policy as respects the Borough of Roselle's activities held at Union County Parks. The General Liability insurance coverage is provided on a primary and non‐contributory basis to the County of Union et. al. Where applicable a waiver of subrogation in favor of the above additional insured is to be included in those policies of insurance where permitted by law. * 

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PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

Borough of Roselle 1/4/2018 County of Union  2018 GL

The County of Union, its Board of Chosen Freeholders, its servants, agents & employees are included as additional insured as respects the Borough of Roselle ‐ Roselle First Initiative Workforce Innovations and Opportunities Act Youth Program Grant Program sponsored by the County of Union. * 

Borough of Roselle 1/4/2018 Union Township Police Dept 2018 GLEvidence of insurance as respects the Roselle Police Department's use of the Union Township Pistol Range from 1/1/18 through 12/31/18.  Subject to the terms, conditions and exclusions of the policy.  

City of Plainfield 1/4/2018 New Jersey Transit

2018 GL/AL/WC/ APD

Certificate holder is included as loss payee / lender as respects the City of Plainfield's lease of Vehicle 16‐1445 2011 Ford E450 Supreme Minibus Rear Lift VIN 1FDFE4FS8BDA83602 valued at $50,400.  

City of Plainfield 1/4/2018 CIT2018 GL/PROP

Certificate holder is included as loss payee/lender as respects the City of Plainfield's lease of Panasonic 133M Workcentre DP‐2330 Copier.   

City of Plainfield 1/4/2018CIT Technology Finance Service

2018 GL/PROP

Certificate holder is included as loss payee/lender as respects the City of Plainfield's lease of Savin Copier C9120SPF S/N V9715301335 valued at $10,000 located in Zoning Dept office Middle Township.  

City of Plainfield 1/4/2018 Panasonic Finance Solution 2018 GL/PROP

Panasonic Finance Solution and it's assigns are included as loss payee/ lender as respects the City of Plainfield's lease of Panasonic Laptop #CF52 valued at $10,000.  

City of Plainfield 1/4/2018 The CIT Group 2018 GL/PROP

Certificate holder is included as loss payee/ lender as respects the City of Plainfield's lease of a copier valued at $6,000.   

City of Plainfield 1/4/2018Motorola Solutions Inc. and It's Assigned

2018 GL/PROP

Motorola Solution and its Assigns are included as additional insured (Lessor) and loss payee as their interest may appear as respects The City of Plainfield's Equipment Lease Purchase. Lease purchase agreement number 23906, equipment cost $1,207,350.55. * 

City of Plainfield 1/4/2018 Marlin Business Bank2018 GL/PROP

Certificate holder is included as loss payee as respects the City of Plainfield's lease of mailing equipment, Contract # 401‐1320213‐002 amount of $19,200.  

City of Plainfield 1/4/2018 Kansas State Bank2018 GL/PROP

Certificate holder is included as loss payee/lender as respects the City of Plainfield's lease of copiers Xerox 133M Workcentre copier‐printer, KM‐5035 copier Xerox 245 Series, Xerox Docucolor 3535 color copier.  

City of Plainfield 1/4/2018 Municipal Capital Finance 2018 GL/PROP

Certificate holder is included as an additional insured (Lessor) and loss payee as respects the City of Plainfield's lease purchase of telecommunication equipment totaling $458,918.66. *  

City of Plainfield 1/4/2018 Municipal Capital Corp. 2018 GL/PROP

Certificate holder is included as loss payee/ lender as respects the City of Plainfield's lease of Savin 9025 copier.   

City of Plainfield 1/4/2018Studebaker‐Worthington Leasing Corp

2018 GL/PROP

Certificate holder is included as loss payee/ lender as respects the City of Plainfield's lease of copier valued at $10,569.10.   

City of Plainfield 1/4/2018Studebaker‐Worthington Leasing Corp

2018 GL/PROP

Certificate holder is included as loss payee/lender as respects the City of Plainfield's lease of Panasonic (S161660‐002) valued at $9,861.08 and Panasonic copier (S161660‐002) valued at $7,736.25.  

Page 39: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

City of Plainfield 1/4/2018County of Union State of New Jersey

2018 GL/AL/WC

The County of Union, its Board of Chosen Freeholders, officers, employees, agents, servants and the State of New Jersey are included as Additional Insured under the General Liability policy as respects the City of Plainfield's participation in the Seniors In Motion Program. The General Liability insurance coverage is provided on a primary and non‐contributory basis to the County of Union et. al. Where applicable a waiver of subrogation in favor of the above additional insured is to be included in those policies of insurance where permitted by law. *

City of Plainfield 1/4/2018County of Union Administration Building

2018 GL/AL/WC

The County of Union, its Board of Chosen Freeholders, officers, employees, agents, servants and the State of New Jersey are included as Additional Insured under the GL policy as respects City of Plainfield's use of Cedar Brook Park for a concert & fireworks display in July. The General Liability Insurance coverage is provided on a primary and non‐contributory basis to the County of Union et. al. Where applicable a waiver of subrogation in favor of the above additional insured is to be included in those policies of insurance where permitted by law. *

City of Plainfield 1/4/2018County of Union Admin Bldg 4th Floor

2018 GL/AL/WC

The County of Union, its Board of Chosen Freeholders, officers, employees, agents, servants and the State of New Jersey are included as Additional Insured under the General Liability policy as respects the renewal funding of 2018 GAP Subcontract Package for Plainfield Action Services. The General Liability insurance coverage is provided on a primary and non‐contributory basis to the County of Union et. al. Where applicable a waiver of subrogation in favor of the above additional insured is to be included in those policies of insurance where permitted by law. *

City of Plainfield 1/4/2018 County of Union 2018 GL/AL/WC

The County of Union, its Board of Chosen Freeholders, officers, employees, agents, servants and the State of New Jersey are included as Additional Insured under the General Liability policy as respects the Plainfield Public Library's work with the One Stop Agency through Union County. The General Liability insurance coverage is provided on a primary and non‐contributory basis to the County of Union et. al. Where applicable a waiver of subrogation in favor of the above additional insured is to be included in those policies of insurance where permitted by law. *

City of Plainfield 1/4/2018Union County Coordinator, Div of Planning

2018 GL/AL/WC

The County of Union, its Board of Chosen Freeholders, officers, employees, agents, servants and the State of New Jersey are included as Additional Insured under the General Liability policy as respects the City of Plainfield's participation in the Municipal Alliance Program. The General Liability insurance coverage is provided on a primary and non‐contributory basis to the County of Union et. al. Where applicable a waiver of subrogation in favor of the above additional insured is to be included in those policies of insurance where permitted by law. *

City of Plainfield 1/4/2018Union County Improvement Authority 2018 GL

Certificate holder is included as an additional insured (Premises Owner) as respects the City of Plainfield's use of the certificate holder's property / parking located at Plainfield Park Madison Property, 200 West Front Street its Plainfield Fire Prevention Fair in October. * 

City of Plainfield 1/4/2018 DuCret School of Art  2018 GLEvidence of insurance as respects the City of Plainfield's use of the certificate holder's property to host the Holiday Craft Fair in December.   

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PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

City of Plainfield 1/4/2018 Crescent Avenue Church  2018 GLEvidence of liability insurance as respect the City of Plainfield's use of the certificate holder's facilities for the library's off site training.   

City of Plainfield 1/4/2018 United Church of Christ  2018 GL Evidence of liability insurance as respects the City of Plainfield's use of the facility for free yoga classes. 

City of Plainfield 1/4/2018 New Jersey Historic Trust  2018 GL Evidence of insurance as respects the New Jersey Historic Trust grant to the City of Plainfield.   

City of Plainfield 1/4/2018 USA Swimming Foundation  2018 GLUSA Swimming and the USA Swimming Foundation are included as an additional insured (Grantor) as respects the insured's request for grant funding. *   

City of Plainfield 1/4/2018Union County Improvement Authority 2018 GL

Certificate holder is included as an additional insured as respects the City of Plainfield's use of the property / parking located at Plainfield Park Madison Property, 200 West Front Street in May. *  

City of Plainfield 1/4/2018 County of Union 2018 GL Evidence of insurance as respects the Union County Youth Services Commission Grant Funds for 2018.   

City of Plainfield 1/4/2018 County of Union2018 GL/AL/WC

Evidence of insurance as respects the City of Plainfield's use of Cedarbrook Park, Plainfield, NJ for the Summer Youth Program.   

City of Plainfield 1/4/2018 Division of Addiction Services 2018 GL/AL/WC

Evidence of insurance as respects the City of Plainfield's participation in Project Alert and Staff for professional counseling services.   

City of Plainfield 1/4/2018NJ Schools Development Authority

2018 GL/AL/WC

Evidence of insurance as respects the City of Plainfield's use of the premises to conduct training exercises at 1334, 1336 and 1338 West 4th Street, Plainfield, NJ.  

City of Plainfield 1/4/2018New Jersey Historical Commission

2018 GL/AL/WC Evidence of insurance as respects to grant application for Plainfield Public Library.   

City of Plainfield 1/4/2018New Jersey Council for the Humanities

2018 GL/AL/WC Evidence of insurance as respects the grant application for the Plainfield Public Library.   

City of Plainfield 1/4/2018 Passaic County Sheriff's Office2018 GL/AL/WC Evidence of insurance as respects City of Plainfield Police training.    

City of Plainfield 1/4/2018State of New Jersey Dept of Human Services

2018 GL/AL/WC Evidence of insurance  as respects the City of Plainfield's Bilingual Day Care Center.   

City of Plainfield 1/4/2018State of New Jersey Dept of Education

2018 GL/AL/WC Evidence of Insurance as respects the City of Plainfield's Bilingual Day Care Center.   

City of Plainfield 1/4/2018Union County Improvement Authority

2018 GL/AL/WC Evidence of insurance as respects the 4th of July Parade Committee judging booth.   

City of Plainfield 1/4/2018Union County Improvement Authority

2018 GL/AL/WC

Evidence of insurance as respects the City of Plainfield's Summer Lunchtime Concert in front of County Building on Park and East Front Street.   

City of Plainfield 1/4/2018Union County Intoxicated Drive Resource Center

2018 GL/AL/WC Evidence of insurance as respects the City of Plainfield's participation in Project Alert.   

City of Plainfield 1/4/2018 US Army 2018 GL/AL/WC Evidence of insurance as respects use of the range by the City of Plainfield Police Division.   

City of Plainfield 1/4/2018 US Bank2018 GL/AL/WC Evidence of insurance as respects UCIA leases.    

City of Plainfield 1/4/2018Middlesex County Prosecutor's Office

2018 GL/AL/WC

Evidence of insurance as respects the City of Plainfield's use of the certificate holder's firearms range facility.   

Page 41: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

City of Plainfield 1/4/2018County of Union Administration Building

2018 GL/AL/WC

The County of Union, its Board of Chosen Freeholders, Officers, Employees, Agents, Servants, are included as additional insured under the General Liability policy as respects the annual Veterans Day Ceremonies Road Closure at East Front Street from Roosevelt Ave to Richmond Street in November. The General Liability insurance is provided on a  primary and non‐contributory basis to the County of Union et. al. Where applicable a waiver of subrogation in favor of the above additional insured is to be included in those policies of insurance where permitted by law. *

City of Plainfield 1/4/2018 State of New Jersey2018 GL/AL/WC

Evidence of insurance as respects the Shelter Support 2017 Grant/Loan Agreement 2017‐02149‐0085‐00.   

City of Plainfield 1/4/2018 NJ Site & Utility Contractors 2018 GL/AL/WC Evidence of Insurance    

City of Plainfield 1/4/2018County of Union Administration Building

2018 GL/AL/WC

The County of Union, its Board of Chosen Freeholders, Officers, Employees, Agents, and Servants are included as additional insured under the General Liability Policy as respects the City of Plainfield's use of Cedar Brook Park, Plainfield NJ for a concert & fireworks display in July. The General Liability insurance is provided on a primary and non‐contributory basis to the County of Union et. al. Where applicable a waiver of subrogation in favor of the above additional insured is to be included in those policies of insurance where permitted by law. *

City of Plainfield 1/4/2018Union County Improvement Authority

2018 GL/AL/WC

Certificate holder is included as an additional insured (Premises Owner) as respects the City of Plainfield's use of the property/parking located at 200 West Front Street known as the Plainfield Park Madison Property. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. *

City of Plainfield 1/4/2018County of Union County Admin Building

2018 GL/AL/WC Evidence of insurance as respects the WIA Program.    

City of Plainfield 1/4/2018County of Union Admin Bldg, 4th Floor

2018 GL/AL/WC

Certificate holder is included as additional insured for General Liability and Excess Liability pursuant to the terms, conditions, limitations, and exclusions of the JIF Casualty Insurance Policy as respects the Senior Contract. * 

City of Plainfield 1/4/2018County of Union Admin Bldg 4th Floor

2018 GL/AL/WC

Evidence of insurance as respects the City of Plainfield's participation the Safe Housing and Transportation Program.   

City of Plainfield 1/4/2018County of Union Admin Bldg 4th Floor

2018 GL/AL/WC Evidence of insurance as respects the Annual Easter Egg Hunt.    

City of Plainfield 1/4/2018County of Union Dept of Human Services

2018 GL/AL/WC Evidence of insurance as respects Plainfield Action Services and Staff.    

City of Plainfield 1/4/2018County of Union Admin Bldg 4th Floor

2018 GL/AL/WC Evidence of insurance as respects Plainfield's Summer Youth Program.    

City of Plainfield 1/4/2018County of Union Dept of Recreation

2018 GL/AL/WC Evidence of insurance as respects the City of Plainfield participation in the WIA Program.   

City of Plainfield 1/4/2018County of Union Admin Bldg 4th Floor

2018 GL/AL/WC

Evidence of insurance as respects the City of Plainfield's use of Cedar Brook Park & Greenbrook Park, Plainfield, NJ baseball fields.   

Page 42: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

City of Plainfield 1/4/2018County of Union Admin Bldg 4th Floor

2018 GL/AL/WC

The County of Union, its Board of Chosen Freeholders, officers, employees, agents, servants and the State of New Jersey are included as additional insured as respects the Plainfield Night Watch Program, Contract #14‐YSC‐ 115.* 

City of Plainfield 1/4/2018County of Union Admin Bldg 4th Floor

2018 GL/AL/WC

The County of Union, its Board of Chosen Freeholders, Officers, Employees, Agents, and Servants are included as additional insured under the General Liability Policy as respects the City of Plainfield's use of Cedar Brook Park, Plainfield NJ for a Fishing Derby in June. The General Liability insurance is provided on a primary and non‐contributory basis to the County of Union et. al. Where applicable a waiver of subrogation in favor of the above additional insured is to be included in those policies of insurance where permitted by law. *

City of Plainfield 1/4/2018County of Union Admin Bldg 4th Floor

2018 GL/AL/WC

The County of Union, its Board of Chosen Freeholders, Officers, Employees, Agents, and Servants are included as additional insured under the General Liability Policy as respects the City of Plainfield's use of Cedar Brook Park, Plainfield NJ for a Fishing Derby in October. The General Liability insurance is provided on a primary and non‐contributory basis to the County of Union et. al. Where applicable a waiver of subrogation in favor of the above additional insured is to be included in those policies of insurance where permitted by law. *

City of Plainfield 1/4/2018Hunterdon County Fire Academy

2018 GL/AL/WC

Evidence of insurance as respects the Firefighters attendance of the Hands on Training sessions at the Hunterdon County Fire Academy.   

City of Plainfield 1/4/2018 Investors Bank Corporate 2018 GL/AL/WC

Evidence of insurance as respects the certificate holder's use of Plainfield Police Officers for security services at the Investors Bank locations in the City of Plainfield.  

City of Plainfield 1/4/2018 County of Middlesex 2018 GL/AL/WC Evidence of insurance as respects Township's use of property.    

City of Plainfield 1/4/2018 County of Middlesex 2018 GL/AL/WC Evidence of Insurance as respects to the City of Plainfield Police Department pistol range training.   

City of Plainfield 1/4/2018Neighborhood Health Services Corporation

2018 GL/AL/WC

Evidence of Insurance as respects the City of Plainfield's placement of 6 participants in the Summer Youth Employment Program at the Health Center worksite from July through August. Youths to work as clerical support at the health center. 

City of Plainfield 1/4/2018NJDOE Department of Education

2018 GL/AL/WC Evidence of Insurance as respects the City of Plainfield's Bilingual Day Care Center.   

City of Plainfield 1/4/2018 Plainfield Board of Education 2018 GL/AL/WC Evidence of Insurance as respects to usage of facilities for programs and events.   

City of Plainfield 1/4/2018 City of Plainfield2018 GL/AL/WC

Evidence of insurance as respects the baseball program. The JIF policies do not include exclusions for athletic participation or sexual abuse / molestation.  

City of Plainfield 1/4/2018 Plainfield Board of Education 2018 GL/AL/WC Evidence of Insurance as respects the City of Plainfield's Bilingual Day Care Center.   

City of Plainfield 1/4/2018County of Union Administration Building

2018 GL/AL/WC

Evidence of insurance as respects the City of Plainfield's use of the certificate holder's facilities for the Literacy Group.   

Page 43: March 20, 2018 MEMO TO: INSURANCE FUND CHAIRMAN … · Note 1 : Ultimate losses based upon the 2017 year-end reserve study. Note 2: Fund years 2014-2017 include an aggregate stop

PUBLIC ENTITY JOINT INSURANCE FUND CERTIFICATES ISSUED 11/01/2017 to 01/31/2018JIF Member ISSUED CERT HOLDER COVERAGE HOLDER DESCRIPTION

City of Plainfield 1/4/2018County of Union Administration Building

2018 GL/AL/WC

The County of Union, its Board of Chosen Freeholders, officers, employees, agents, servants and the State of New Jersey are included as Additional Insured under the General Liability Policy as respects the City of Plainfield Public Library working with the One Stop Agency through Union County. *

City of Plainfield 1/4/2018County of Union Administration Building

2018 GL/AL/WC

The County of Union, its Board of Chosen Freeholders, officers, employees, agents, servants and the State of New Jersey are included as additional insured as respects the City of Plainfield's use of Cedarbrook Park Pond for an Easter Egg Hunt. * 

City of Plainfield 1/4/2018County of Union Administration Building

2018 GL/AL/WC

County of Union, its Board of Chosen Freeholders, officers, employees, agents & the State of New Jersey; are included as Additional Insured under the general liability policy as respects Plainfield's Safe Housing & Transportation Program Grant Application. General Liability coverage is provided on a primary & non‐contributory basis to County of Union et al.*

City of Plainfield 1/4/2018County of Union Administration Building

2018 GL/AL/WC

County of Union, its Board of Chosen Freeholders, officers, employees, agents & the State of New Jersey; are included as Additional Insured under the general liability policy as respects the City of Plainfield's Senior Contract. General Liability coverage is provided on a primary & non‐ contributory basis to the County of Union et al. Where applicable,

City of Plainfield 1/4/2018County of Union Admin Bldg 4th Floor

2018 GL/AL/WC

The County of Union, its Board of Chosen Freeholders, Officers, Employees, Agents, and Servants are included as additional insured under the General Liability Policy as respects the City of Plainfield's use of Union County Parks.  The General Liability insurance is provided on a primary and non‐contributory basis to the County of Union et. al. Where applicable a waiver of subrogation in favor of the above additional insured is to be included in those policies of insurance where permitted by law. * 

Township of Teaneck 1/25/2018 County of Bergen 

2018 GL/AL/WC/ PUB

The County of Bergen and its Officials and Employees are included as additional insured for General Liability as respects Contract #NY‐TEANECK‐ 05‐17 for the Vorhees Street Resurfacing Project. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. * 

City of Orange Township 1/31/2018 Evidence of Insurance 

2018 CRIME STAT

Evidence of Statutory Bond Coverage for: CFO/Treasurer Joy Lascari; Tax Collector Carl Smith; Court Administrator James Moss; Judge Torkwase Y. Sekou; Judge Rashidah N. Hasan; Judge Michael Hackett. 

City of Orange Township 1/31/2018

Governor's Council on Alcoholism & Drug Abuse 2018 GL

Evidence of insurance as respects the Governor's Council on Alcoholism & Drug Abuse Municipal Alliance Grant.   

City of Orange Township 1/31/2018 County of Essex

2018 GL/AL/WC

Certificate holder is included as an additional insured as respects the City of Orange Township's grant for the senior citizen visiting nurse program. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies. * 

City of Orange Township 1/31/2018

NJ Transit Corporation Attn: Director of Risk

2018 GL/AL/WC

NJ Transit and the State of New Jersey are included as additional insured as respects to the City of Orange Township's application to perform survey work at Transit Highland Avenue Train Station ‐ Temporary Access Permit 2017‐83. Coverage is subject to the terms, conditions, limitations and exclusions of the PEJIF policies.*