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RESOLUTION NO. 10,008
L
A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXTEND THE
CONTRACT WITH CNA FOR A PERIOD OF THREE (3) YEARS EFFECTIVE
JULY 1, 1997, TO PROVIDE REINSURANCE COVERAGE FOR THE CITY'S
SELF - INSURED WORKERS' COMPENSATION PROGRAM FOR THE
DEPARTMENT OF HUMAN RESOURCES.
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WHEREAS, the City of Little Rock has operated a self-funded Workers' Compensation
program since 1985; and
WHEREAS, as part of that program, the City purchases reinsurance to limit the potential
liability on specific claims; and
WHEREAS, the current provider was selected through the competitive bid process and the
upcoming period will represent the third contract year since the most recent Request for Proposal.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The City Manager is authorized to extend the contract with CNA for a period of
three (3) years effective July 1, 1997, to provide reinsurance coverage for the City's Self- Insured
Workers' Compensation Program for the Department of Human Resources.
SECTION 2. Funding for this project is budgeted in the Workers' Compensation line item for
the 1997 budget. Utilization of the proposed three year rate guaantee will ensure stable rates and an
enhanced ability to budget for the Workers' Compensation program.
SECTION 3. This resolution shall be in full force and effect from and after its adoption.
ADOPTED: June 17, 1997
ATTEST:
ROBBIE HANCOCK
CITY CLERK
AS TO FORM:
CITY ATTORNEY
APPROVED:
JIM AIL`EY`
MAYOR