12540I RESOLUTION NO. 12,540
2 A RESOLUTION TO AUTHORIZE THE CITY MANAGER TO RENEW THE
3 CONTRACT WITH MIDWEST EMPLOYERS' CASUALTY COMPANY TO PROVIDE
4 WORKERS' COMPENSATION REINSURANCE COVERAGE TO THE CITY; AND FOR
5 OTHER PURPOSES.
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7 WHEREAS, the city operates a self- funded workers' compensation program pursuant to state
8 law, but is required to maintain reinsurance in order to adequately provide for such coverage, and
9 WHEREAS, the incumbent provider of reinsurance, Midwest Employers Reinsurance Company
10 has submitted a proposal for renewal of the existing policy at the current premium rate, and
11 WHEREAS, the City has periodically reviewed the market for this coverage and has found that
12 Midwest Employers Casualty Company continues to provide the best package of premium and coverage;
13 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE
14 ROCK, ARKANSAS:
15 Section 1. The Board of Directors hereby authorizes the City Manager to extend the contract
16 for reinsurance coverage for the City's Workers' Compensation program with Midwest Employers
17 Reinsurance Company for a twelve -month period, effective July 1, 2007.
18 Section 2. Funds for this purpose are included in the Workers' Compensation budget line item.
19 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause,
20 phrase, or word of this resolution is declared or adjudged to be invalid or unconstitutional, such
21 declaration or adjudication shall not affect the remaining portions of the resolution which shall remain
22 in full force and effect as if the portion so declared or adjudged invalid or unconstitutional was not
23 originally a part of the resolution.
24 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that are
25 inconsistent with the provisions of this resolution, are hereby repealed to the extent of such
26 inconsistency.
27 Section 5. This resolution shall be in full force and effect from and after its adoption.
28 ADOPTED: June 26, 2007
29 ATTEST: APPROVED:
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32 Na aki S. Blocker, Assistant City Clerk Mark Stodola, Mayor
33 For Nancy Wood, City Clerk
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35 APPROVED AS TO LEGAL FORM:
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37�P', .v
38 Thomas M. Carpenter, Cit ttorney