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55E - RESO JOINT POWERS AUTHORITY
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55E - RESO JOINT POWERS AUTHORITY
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Last modified
6/27/2019 5:20:38 PM
Creation date
6/27/2019 5:07:00 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Human Resources
Item #
55E
Date
7/2/2019
Destruction Year
2024
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Independent Cities Risk Management Authority, hereinafter referred to as <br />"ICRMA" or the "Authority". Pursuant to Government Code Section 6508.1, the <br />debts, liabilities, and obligations of the Authority shall not constitute debts, <br />liabilities, or obligations of any Member. <br />ARTICLE 2. PURPOSE. <br />2.1 The purpose of creating this Authority is to exercise the powers of the Members <br />to jointly accomplish the following: <br />2.1.1 Develop effective Risk Management Programs to reduce the <br />amount and frequency of their losses. <br />2.1.2 Develop Risk Management Programs of insurance to protect <br />Members from the effects of catastrophic or unexpected losses. <br />Such programs shall include, but not be limited to, coverages for <br />losses arising out of Tort Liability, Workers' Compensation, Health <br />Benefits, and the ownership or use of real or personal property. <br />2.1.3 Design Risk Management Programs of the Authority on a pooled <br />or self -funded basis whereby the Members share some portion, or <br />all, of the costs of the program losses. <br />2.1.4 Jointly purchase insurance, excess insurance, or reinsurance and/or <br />develop alternative financial arrangements for the purpose of <br />transferring risk of loss to commercial insurers. <br />Approved by the Governing Board October 13, 2004 <br />3 <br />55E-9 <br />
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