EX-25.1 6 exhibit25111102017.htm EXHIBIT 25.1 Exhibit



_____________________________________________________________________________

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________

FORM T-1

STATEMENT OF ELIGIBILITY UNDER
THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
Check if an Application to Determine Eligibility of
a Trustee Pursuant to Section 305(b)(2)
_______________________________________________________

U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)

31-0841368
I.R.S. Employer Identification No.

800 Nicollet Mall
Minneapolis, Minnesota
55402
(Address of principal executive offices)
(Zip Code)
 
Brian K. Justice
U.S. Bank National Association
225 E Robinson Street
Suite 250
Orlando, FL 32801
(407) 835-3813
(Name, address and telephone number of agent for service)
                                                       
Brown & Brown, Inc.
(Issuer with respect to the Securities)
Florida
59-0864469
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
 
 

220 South Ridgewood Avenue
Daytona Beach, Florida
32114
(Address of Principal Executive Offices)
(Zip Code)

Debt Securities
(Title of the Indenture Securities)









FORM T-1

Item 1. GENERAL INFORMATION. Furnish the following information as to the Trustee.

a)
Name and address of each examining or supervising authority to which it is subject.
Comptroller of the Currency
Washington, D.C.

b)
Whether it is authorized to exercise corporate trust powers.
Yes

Item 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.
None

Items 3-15
Items 3-15 are not applicable because to the best of the Trustee's knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.
    
Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

1. A copy of the Articles of Association of the Trustee.*

2. A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2.

3.    A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.

4.    A copy of the existing bylaws of the Trustee.**
 
5.    A copy of each Indenture referred to in Item 4. Not applicable.

6.    The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

7.    Report of Condition of the Trustee as of June 30, 2017 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.
        
* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

** Incorporated by reference to Exhibit 25.1 to registration statement on form S-3ASR, Registration Number 333-199863 filed on November 5, 2014.
    





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SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Orlando, State of Florida on the 9th of November, 2017.

By:    /s/ Brian K. Justice                         Brian K. Justice    
Vice President


































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Exhibit 2


exhibit2.jpg

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Exhibit 3
exhibit3.jpg




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Exhibit 6

CONSENT

    
In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.


Dated: November 9, 2017


By:    /s/ Brian K. Justice
Brian K. Justice    
Vice President





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Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 6/30/2017

($000’s)
Assets
 
6/30/2017
Cash and Balances Due From
    Depository Institutions
 
$
28,930,463

Securities
 
110,114,701

Federal Funds
 
51,218

Loans & Lease Financing Receivables
 
276,413,785

Fixed Assets
 
4,477,993

Intangible Assets
 
12,859,050

Other Assets
 
24,062,996

Total Assets
 
$
456,910,206

 
 
 
Liabilities
 
 
Deposits
 
$
357,756,287

Fed Funds
 
998,184

Treasury Demand Notes
 
0

Trading Liabilities
 
878,885

Other Borrowed Money
 
33,876,373

Acceptances
 
0

Subordinated Notes and Debentures
 
3,800,000

Other Liabilities
 
12,866,522

Total Liabilities
 
$
410,176,251

 
 
 
Equity
 
 
Common and Preferred Stock
 
18,200

Surplus
 
14,266,915

Undivided Profits
 
31,649,555

Minority Interest in Subsidiaries
 
799,285

Total Equity Capital
 
$
46,733,955

 
 
 
Total Liabilities and Equity Capital
 
$
456,910,206




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