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2
RESOLUTION NO. 12,297
3 A RESOLUTION TO AUTHORIZE THE CITY MANAGER TO RENEW
4 THE CONTRACT WITH MIDWEST EMPLOYERS' CASUALTY
5 COMPANY TO PROVIDE WORKERS' COMPENSATION
6 REINSURANCE COVERAGE TO THE CITY; AND FOR OTHER
7 PURPOSES.
8
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 proposal for renewal of the existing policy at a
14 lower premium rate, and
15 WHEREAS, Midwest Employers Casualty Company submitted the most
16 attractive combination of coverage and premium rates, in addition to providing
17 additional services and support to the Workers' Compensation Program.
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, 2006.
24 Section 2. Funds for this purpose are included in the Workers' Compensation
25 budget line item.
26 Section 3. Severability. In the event any title, section, paragraph, item, sentence,
27 clause, phrase, or word of this resolution is declared or adjudged to be invalid or
[PAGE 1 OF 21
Resolution
To authorize renewal of
Workers' Compensation Reinsurance
I unconstitutional, such declaration or adjudication shall not affect the remaining
2 portions of the resolution which shall remain in full force and effect as if the portion so
3 declared or adjudged invalid or unconstitutional was not originally a part of the
4 resolution.
5 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that
6 are inconsistent with the provisions of this resolution, are hereby repealed to the extent
7 of such inconsistency.
8 Section 5. This resolution shall be in full force and effect from and after its
9 adoption.
10 ADOPTED: June 20, 2006
11
12 ATTEST:
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15 Na cy W d, City Clerk
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17 APPROVED AS TO LEGAL FORM:
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19
20 Thomas M. Carpenter, Citk Attorney
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[PAGE 2 OF 21
Resolution
To authorize renewal of
Workers' Compensation Reinsurance
APPROVED:
1
Jim Niley, Mayor