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RESOLUTION NO. 9.738
A RESOLUTION AUTHORIZING THE CITY
MANAGER TO EXTEND THE CONTRACT WITH
CNA FOR WORKERS' COMPENSATION EXCESS
INSURANCE COVERAGE.
WHEREAS, the City of Little Rock has operated a self- funded
Workers' Compensation program since 1985; and
WHEREAS, a renewal proposal has been received from the
incumbent provider which represents a 21% reduction in the total
premium cost despite an approximate 7% increase in manual
premium size for the City's group and addition of a special risk
to the Workers' Compensation program; and
WHEREAS, this coverage provides a maximum limit on the
City's total cost for a single Workers' Compensation incident.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1: The City Manager is hereby authorized to extend
the contract with CNA for Workers' Compensation excess insurance
coverage.
SECTION 2. Funds for this purpose are included in the
budget line item for Workers' Compensation purposes. The renewal
proposal results in a decrease in total premium required.
SECTION 3. This renewal represents the second year of a
normal three -year renewal cycle between Requests for Proposal.
ADOPTED: July 2, 1996
ATTEST:
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APPROVED AS TO FORM:
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