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PUBLIC SECTOR
POLICY SCHEDULE

GENERAL ENDORSEMENT

General Endorsement Number 2

Policy Number UC POP 3838790

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Effective Date 1 April 2013

Named Insured London Borough of Enfield and Enfield Homes

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Period of Insurance 1 April 2013 to 31 March 2014

Rebate Adjustment Period 1 April 2011 to 31 March 2012 to be reviewed in 2014
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ATTACHING TO AND FORMING PART OF THE ABOVE

Subject to the Policy being renewed for the Period of Insurance shown above the Company agrees to allow a
percentage rebate of the Gross Premium paid to the Company for the Rebate Adjustment Period on the
liability Sections of the Policy on the following basis

Earned Loss Ratio Claims Within Deductible Rebate

This undertaking forms part of the contract of insurance between the Insured and the Company and is only
applicable where the Insured has signed a Long Term Agreement with the Company and the insurance has
remained in force continuously from commencement of the Rebate Adjustment Period to the Rebate
Payment Date

All figures used in the calculation will be those recorded by the Company as at months after
commencement of the Rebate Adjustment Period

For the purposes of this Endorsement the terms below will have the following meanings

Gross Premium shall mean the total sum paid for the Rebate Adjustment Period net of any Insurance
Premium Tax commission discounts and Terrorism premium

Earned Loss Ratio shall mean the sum of the gross claims payments made by the Company and gross
case reserves that fall due to the Company in respect of the Rebate Adjustment Period divided by the Gross
Premium

Claims within deductible shall mean the total of all claims paid and case reserves contributing to the
erosion of each aggregate cap for the Rebate Adjustment Period

Rebate Payment Date shall mean upon receipt of the premium for the current Period of Insurance

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