Insurance, Vision

The City of St. Petersburg has entered into an agreement with Humana Insurance Company to provide group vision insurance to its active and retired employees and their eligible dependents. The contract has a term of three years, with the option to renew for two additional one-year periods. The total payment for the initial term is $734,161. The contract includes provisions for indemnification, insurance, and termination. The City of St. Petersburg reserves the right to terminate the contract at any time with thirty days' written notice. Some key aspects of the contract include: * The City of St. Petersburg is responsible for managing the contract and ensuring that Humana Insurance Company complies with the terms and conditions of the agreement. * Humana Insurance Company is responsible for providing the group vision insurance plan and administering the plan in accordance with the terms and conditions of the agreement. * The contract includes provisions for payment, indemnification, and termination. * The City of St. Petersburg has the right to terminate the contract at any time with thirty days' written notice. * The contract has a term of three years, with the option to renew for two additional one-year periods.