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55A - HARTFORD INSURNACE
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12/17/2019
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55A - HARTFORD INSURNACE
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12/12/2019 5:45:00 PM
Creation date
12/12/2019 5:04:33 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Human Resources
Item #
55A
Date
12/17/2019
Destruction Year
2024
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Business Insurance <br />Employee Benefits <br />Auto <br />Home <br />This includes the tax treatment of benefits, and other tax inform atlon contained in the Aetna Agency Agreement for Sick Pay. This also <br />includes producer commissions. The Hartford compensates both internal and external producers for the sale and service of our products. <br />In most cases, producers are paid a commission, which is fixed or based on a percentage of the premium, In addition, producers may be <br />eligible for the various forms of incentive compensation, including contingent commission and other non -cash awards. Please visit our <br />web site for more information on The Hartford's compensation program at htto�//thehartford com/orouo-benefits-producer-compensation <br />or contact your Hartford representative. <br />2 If any employee has applied for coverage that is pending with Aetna, or approved by Aetna but not effective under the Aetna policy as of <br />the date of the transition, they may be required to complete a Hartford application before coverage can become effective with The <br />Hartford. <br />The enclosed document is a high-level comparison of your Aetna benefits against The Hartford's benefit availability; it is not a line -by-line <br />comparison and may not reflect all of the differences between your Aetna contract and your Hartford contract. <br />< Examples of agreements that will be assigned to The Hartford include: Administrative Services Agreements, Master Services <br />Agreements, Aetna Agency Agreements for Sick Pay and other agreements regarding FICA and tax treatment of benefits, Confidentiality <br />and Non -Disclosure Agreements, plan sponsor letters, and WorkAbility self-service software licensing agreements. <br />Provisions relating to Aetna medical, dental or other benefits which are not part of the business acquired by The Hartford will not be <br />assigned to The Hartford and will remain with Aetna. In addition, there are other agreements and provisions that have not been <br />assigned, including the following examples about which your Relationship Manager will contact you to discuss: performance or service <br />guarantees, and contracts relating to paid -up coverage, reserve buyout agreements and other funding or deposit agreements. <br />The Hartford® is The Hartford Financial Services Group, Inc. and its subsidiaries, including underwriting companies Hartford Life and <br />Accident Insurance Company and Hartford Fire Insurance Company. Home Office is Hartford, CT. The Hartford is the administrator for <br />certain group benefits business written by Aetna Life Insurance Company and Talcott Resolution Life Insurance Company (formerly known <br />as Hartford Life Insurance Company). <br />Copyright © 2019 by The Hartford. Confidential. <br />All rights reserved. No part of this document may be reproduced, published or posted without the perrnlssion of The Hartford. <br />Disability Form Series includes GBD-1000, GBD-1200, or state equivalent. Life Forth Series includes GBD-1000, GBD-1100, or state <br />equivalent. <br />7261 b NS 07119 <br />206352873_2 LAW 55A-21 <br />
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