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319
NO. 8,365
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
CONTINUE A SELF - INSURANCE PROGRAM FOR MOTOR
VEHICLE LIABILITY ADMINISTERED BY THE ARKANSAS
MUNICIPAL LEAGUE FOR ONE YEAR COMMENCING
OCTOBER 1, 1990.
WHEREAS, the Arkansas Code provides that municipalities are
liable for single person injury, multiple injuries per accident
and property damage up to $25,000, $50,000 and $15,000
respectively; and
WHEREAS, the City may either purchase commercial insurance
or provide its own coverage to meet these statutory obligations;
and
WHEREAS, the city has decided to provide its own coverage,
but has worked with the Arkansas Municipal League to administer
this program; and
WHEREAS, the annual cost with the Arkansas Municipal League
is $300 per vehicle which represents a 16.67% decrease over the
cost for the year ending September 30, 1990; and
WHEREAS, staff has surveyed commercial insurance providers
and finds that the self- funded program cannot be matched on the
commercial market.
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 enter into an
agreement with the Arkansas Municipal League to administer the
city vehicle liability coverage as part of a self- insurance
pooling arrangement for one year commencing October 1, 1990.
PASSED: October 2, 1990
ASST. CITY CtERK ROBBIE EXICOM
227/=Y_A
i
APPROVED:
MAYOR (TO 2 D 1EF'-Ill
C0- /0