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RESOLUTION NO. 9,840
A RESOLUTION AUTHORIZING THE CITY
MANAGER TO ACCEPT BIDS AND AWARD
CONTRACTS TO STANDARD INSURANCE
COMPANY FOR BASIC LIFE INSURANCE
COVERAGE AND TO AMERICAN INSURANCE
GROUP (AIG) FOR ACCIDENTAL DEATH AND
DISMEMBERMENT INSURANCE COVERAGE FOR
CITY OF LITTLE ROCK EMPLOYEES FOR
THE YEAR 1997.
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WHEREAS, the City of Little Rock provides basic life
insurance coverage and accidental death and dismemberment
coverage for all regular full time employees; and
WHEREAS, the current provider, Standard Insurance Company,
has submitted a renewal proposal which calls for no increase in
the premium rate; and
WHEREAS, the proposal from American International Group
(AIG) for AD &D coverage only results in a lower rate for that
coverage; and
WHEREAS, splitting the coverage between two carriers
resulted in a slight savings to the City.
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 accept bids
and award contracts to Standard Insurance Company for basic life
insurance coverage and to American Insurance Group (AIG) for
accidental death and dismemberment insurance coverage for City
of Little Rock employees for the year 1997.
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ADOPTED: November 19, 1996
DI'
APPROVED AS TO •
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