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1 "Participation Premium" means, with respect to each <br /> Participant, Administrative Premium, Basic Premium, <br /> 3 Supplemental Basic Premium and Pure Premium, payable by such <br /> Participant on each Basic Premium Payment Date. <br /> 5 <br /> "Payroll" means, with respect to a Participant, the <br /> 7 workers' compensation payroll of such Participant as most <br /> recently reported to the State of California. <br /> 9 <br />"Participant" means each city which is a party to this <br />11 Agreement, as this Agreement may be amended from time to time. <br /> <br />13 "Pure Premium" means, with respect to each Participant, an <br /> amount equal to the amount necessary to fund estimated Loss <br />15 Reserves required to be established to pay Settlements of the <br /> Participants for a Coverage Period as determined according to <br />17 the methodology set forth in Section 4.4(e) of ~his Agreement. <br /> <br />19 "Pure Premium Adjustment" means, with respect to each <br /> Participant, an amount payable by such Participant or <br />21 refundable to such Participant, based on the adjustments to <br /> Case Reserves required by the report of the Qualified Claims <br />23 Auditor pursuant to Section 3.6 hereof reflecting events in <br /> Coverage Periods preceding such report relating to Claims with <br />25 respect to preceding Coverage Periods, as set forth in <br /> Section 4.5 of this Agreement. Pure Premium Adjustments shall <br />27 be deemed to include Special Pure Premium Adjustments for all <br /> purposes of this Agreement except Section 4.5 hereof. <br />29 <br /> "Pure Premium Proportion" means, with respect to any <br /> Participant and with respect to any Coverage Period, the <br /> percentage of Pure Premium required to be paid by such <br /> Participant in such Coverage Period as compared to the Total <br /> Pure Premium paid by all Participants in such Coverage Period. <br /> <br />31 <br /> <br />33 <br /> <br />35 <br /> <br />37 <br /> <br />39 <br /> <br /> "Pure Premium Rate" means the rate for $1,000 of payroll of <br />a Participant for a specified Risk Sharing Pool determined as <br />provided in Section 4.4(e) hereof and the methodologies set <br />forth in Schedule A to this Agreement. <br /> <br />41 "Qualified Claims Auditor" means an individual or an <br /> organization experienced in the handling of public entity <br />43 liability claims, appointed by the Authority with the approval <br /> of a majority of the members of the Authority's Governing <br />45 Board, who shall be independent of any party who administers <br /> Claims on behalf of the Authority throughout each Coverage <br />47 Period. <br /> <br />49 "Risk Sharinq Pool" means a specific layer of Coverage per <br /> occurrence applicable to one or more Participants. Initially, <br /> <br /> 8 <br />2658002/2 <br /> <br /> <br />