117798 •
1 RESOLUTION NO. 111779
2
3 A RESOLUTION TO AUTHORIZE THE CITY MANAGER TO
4 RENEW THE CONTRACT WITH MIDWEST EMPLOYERS'
5 CASUALTY COMPANY TO PROVIDE WORKERS'
6 COMPENSATION REINSURANCE COVERAGE TO THE CITY;
7 AND FOR OTHER PURPOSES.
0
9 WHEREAS, the city operates a self - funded workers' compensation program
10 pursuant to state law, but is required to maintain reinsurance in order to adequately
11 provide for such coverage, and
12 WHEREAS, the incumbent provider of reinsurance, Midwest Employers
13 Reinsurance Company has submitted a renewal proposal, and
14 WHEREAS, Midwest Employers Casualty Company submitted the best package
15 of premium rate and maximum cost to the City by a significant margin and an
16 additional benefit to the City by providing information for comparison to peer
17 organizations and for controlling Workers' Compensation costs.
18 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
19 THE CITY OF LITTLE ROCK, ARKANSAS:
20 Section 1. The Board of Directors hereby authorizes the City Manager to extend
21 the contract for reinsurance coverage for the City's Workers' Compensation program
22 with Midwest Employers Reinsurance Company for a twelve -month period, effective
23 July 1, 2004.
24 Section 2. Funds for this purpose are included in the Workers' Compensation
25 budget line item.
(PAGE 1 OF 21
Re olu ion
To authorize renewal of
Worken' Compensation Reinsurance
1 Section 3. Severability. In the event any title, section, paragraph, item, sentence,
2 clause, phrase, or word of this resolution is declared or adjudged to be invalid or
3 unconstitutional, such declaration or adjudication shall not affect the remaining
4 portions of the resolution which shall remain in full force and effect as if the portion so
5 declared or adjudged invalid or unconstitutional was not originally a part of the
6 resolution.
7 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that
8 are inconsistent with the provisions of this resolution, are hereby repealed to the extent
9 of such inconsistency.
10 Section 5. This resolution shall be in full force and effect from and after its
11 adoption.
12 ADOPTED: July 13, 2004
13
14 ATTEST:
15
16
17 Nancy t ood, Ci Clerk
18
19 APPROVED AS TO FORM:
20
21
22 Thomas M. Carpenter, ity Attorney
23 //
24 //
25
26 //
27
[PAGE 2 OF 2]
Resolution
To authorize renewal of
Worken' Compensation Reinsurance
APPROVED:
Willie Hinton, Vice Mayor