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Item 15 - Renew Citywide Insurance Program and Policies Procured through Independent Cities Risk Management Authority and Arthur J. Gallagher
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Item 15 - Renew Citywide Insurance Program and Policies Procured through Independent Cities Risk Management Authority and Arthur J. Gallagher
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8/1/2024 11:41:18 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Human Resources
Item #
15
Date
8/6/2024
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Program Year of the Risk Management Prom. <br />ARTICLE 13, W.[THDRAWAL. <br />1.3.1 Any Member which. enters a Risk Management program may withdraw from that <br />Risk Management Program and may at a later time seek to renew participation in <br />said Program subject to the terms and conditions as set forth in the By -Laws of <br />that partioutar.Risk Management Program. <br />13.2 A Member is no longer a patty to the Authority or this Agreement upon its <br />withdrawal fraxn all of the Authority's Risk Management Programs. <br />ARTICLE 14. 9Xl" ULSION. <br />14J The Governing Board may expel any Member from the Authority and/or from a <br />Risk Management Program at any time for material breaches of the Governing <br />Documents. Such expulsion shall be as provided in the By -Laws of the Authority <br />or each Individual Risk. Management Program. <br />ARTICLE IS- T'EI 7NATION. <br />15.1 This Agreement shall Continue until tenninnated by vote or written consent of two- <br />thirds of the Members provided, however, that this Agreement and the Authority <br />shall continue to exist for the purposes of disposing of all claims; the distribution <br />of assets, and any other filnotions necessary to conclude the affairs of the <br />Authority. <br />15.2 Upon termination of this Agreement, all assets of the Authority shall be <br />distributed only among the Members that Have been pardeipants in its Risk <br />Management Programs, including any of those Members which. previously <br />Appnmved by tke Coming MaW OuWber 13, 2004 <br />12 <br />
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