INSURANCEAPPROVED

Town of Newmarket Committee of the Whole Agenda April 2026

Town Backs Insurance Pool Administrator Agreement With Axxima

Town’s share of levies under Insurance Pool Program to fund a $0.3 million revenue-generating service agreement (JPC surplus context)Town of NewmarketAXXIMA INSURANCE SERVICES a DIVISION OF 3303128 CANADA INC & AXXIMA INC (COLLECTIVELY “AXXIMA”)April 13, 2026

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Description

The Town of Newmarket authorized participation in York Region’s Municipal Insurance Pool Program, agreeing to fund through its levies a two‑year, direct-purchase service agreement between York Region and Axxima Insurance Services for Insurance Pool Administrator services. The Director of Financial Services/Town Treasurer and Deputy Treasurer were delegated authority to approve ongoing financial contributions if the term with Axxima is extended.

Contract Details

Contract Amount

Town’s share of levies under Insurance Pool Program to fund a $0.3 million revenue-generating service agreement (JPC surplus context)

Vendor

AXXIMA INSURANCE SERVICES a DIVISION OF 3303128 CANADA INC & AXXIMA INC (COLLECTIVELY “AXXIMA”)

Agency

Town of Newmarket, Canada

Contract Type

INSURANCE

Document Date

April 13, 2026

Contract Term

Two-year term for Insurance Pool Administrator services, with potential extension aligned to Subscriber’s Agreement

Renewal Info

Initial two-year administrator services term, with potential continuation of Town levy contributions if York Region extends its Subscriber’s Agreement with Axxima for additional five-year pool terms; approval authority delegated to financial officers.

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