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RESOLUTION NO. 12,721
A RESOLUTION TO AUTHORIZE THE CITY MANAGER TO RENEW THE
CONTRACT WITH MIDWEST EMPLOYERS' CASUALTY COMPANY TO PROVIDE
WORKERS' COMPENSATION REINSURANCE COVERAGE TO THE CITY; AND FOR
OTHER PURPOSES.
WHEREAS, the city operates a self- funded workers' compensation program pursuant to state law,
but is required to maintain reinsurance in order to adequately provide for such coverage, and
WHEREAS, the incumbent provider of reinsurance, Midwest Employers Reinsurance Company has
submitted a proposal for renewal of the existing policy for a two -year period at premium rates for both
years lower than the current year's premium, and ,
WHEREAS, the City has periodically reviewed the market for this coverage and has found that
Midwest Employers Casualty Company continues to provide the best package of premium and coverage;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE
ROCK, ARKANSAS:
Section 1. The Board of Directors hereby authorizes the City Manager to renew the contract for
reinsurance coverage for the City's Workers' Compensation program with Midwest Employers
Reinsurance Company for a two -year period, effective July 1, 2008.
Section 2. Funds for this purpose are included in the Workers' Compensation budget line item.
Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause,
phrase, or word of this resolution is declared or adjudged to be invalid or unconstitutional, such
declaration or adjudication shall not affect the remaining portions of the resolution which shall remain
in full force and effect as if the portion so declared or adjudged invalid or unconstitutional was not
originally a part of the resolution.
Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that are inconsistent
with the provisions of this resolution, are hereby repealed to the extent of such inconsistency.
Section 5. This resolution shall be in full force and effect from and after its adoption.
ADOPTED: July 1, 2008
ATTEST: APPROVED:
Nan 4y Wood, C' y Clerk
APPROVED AS TO LEGAL FORM:
Thomas M. Carpenter, Cit Attorney
Mark Stodola, Mayor