# Document Content

**Binder #3178**
**May 22, 1980**

1. **Premium Payment:** $1,240,914 (75% of $1,654,555)
   - Payable in six (6) equal installments of $206,819 each
   - Payable the 21st of the month from May through October.

2. **Breakdown of rates per $1,000 payroll:**
   - Standard: $1.3961
   - Excess: $1.2052
   - Total: $3.1013

3. **Estimated payroll for the period 5/21/80 to 5/21/81:** $5,335,000,000

4. **For the renewal, commission to Johnson & Higgins is 3.9%. This reduction is reflected in the above rates and premiums.**

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**MM 009568**