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RESOLUTION NO. 9,190
M M �
322
A RESOLUTION AUTHORIZING THE CITY
MANAGER TO ACCEPT BIDS AND AWARD A
CONTRACT TO CONTINENTAL CASUALTY
INSURANCE COMPANY TO PROVIDE
WORKERS' COMPENSATION REINSURANCE
FOR A TWELVE (12) MONTH PERIOD
EFFECTIVE JULY 1, 1994.
WHEREAS, reinsurance coverage is designed to provide
protection against catastrophic losses to the City's Workers'
Compensation program during any workers' compensation plan year;
and
WHEREAS, in May, 1994, the City was notified by the current
provider (TransAmerica) that the reinsurance contract would not
be renewed July 1, 1994; and
WHEREAS, a Request for Proposal was issued for reinsurance
coverage for the City's self- insured Workers' Compensation
program; and
WHEREAS, the proposal from Continental Casualty Insurance
Company provides the best coverage at the lowest cost.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1: The City Manager is hereby authorized to enter
into a contract with Continental Casualty Insurance Company to
provide Workers' Compensation reinsurance for a Twelve (12)
month period effective July 1, 1994.
ADOPTED: July 5,. 1994
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APPROVED AS TO FORK:
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ATTORNEY CITY
APPROVED:
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