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HomeMy WebLinkAbout1988-354 I' ~ . y , t l f~ '! 1 2 3 4 5 6 7 8 RESOLUTION NO. 88-354 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN BERNARDINO APPROVING AND AUTHORIZING EXECUTION AND DELIVERY OF A JOINT POWERS AGREEMENT CREATING THE BIG INDEPENDENT CITIES EXCESS POOL JOINT POWERS AUTHORITY, AUTHORIZING THE EXECUTION AND DELIVERY OF A LIABILITY RISK COVERAGE AGREEMENT AND THE FILING OF VALIDATION PROCEEDING AND CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH WHEREAS, the City of San Bernardino (the "City") is a 9 municipality duly organized and existing under the Constitution 10 and laws of the State of California (the "State"). 11 WHEREAS, the City is authorized by Part 6 of Division 3.6 12 of Title 1, Section 990 et seq., of the California Governmerit 13 Code (the "Act") to insure itself against tort or inverse 14 condemnation liability, to insure its employees against injury 15 resulting from an act or omission in the scope of his employment 16 and to insure against the costs of defending such claims; 17 WHEREAS, pursuant to Section 990.4 of the Act the City is 18 authorized to provide insurance by self-insurance which may be 19 funded by appropriations and to establish or maintain reserves 20 for such purposes; 21 WHEREAS, pursuant to Section 990.6 of the Act, the cost to 22 the City of such self-insurance is a proper charge against the 23 City and therefore the City Council of the City is authorized to 24 make premium payments for such coverage in an amount such Council 25 determines to be necessary to provide such coverage; 26 WHEREAS, pursuant to Section 990.8 of the Act, the City is 27 empowered to obtain insurance coverage through a joint powers 28 DAB:cez September 12, 1988 1 " , '. . 1 2 agreement with other local public entities created pursuant to 3 Chapter 5 of Division 7 of Title 1, Sections 6500 et seq. of such 4 pooling of self-insured claims and the risk sharing of losses is 5 not considered insurance subject to regulation under the 6 California Insurance Code; 7 WHEREAS, the City and certain other cities organized under 8 the laws of California having a population in excess of 100,000 9 (which are referred to below as Participants) propose to form a 10 pooled liability insurance risk sharing program pursuant to the 11 Act; 12 WHEREAS, in order to implement such pooled liability 13 insurance risk sharing program the City and the other 14 Participants propose to create a joint powers authority pursuant 15 to the Joint Powers Law, to be known as the "Big Independent 16 Ci ties Excess Pool Joint Powers Authority" (the "Authority") by 17 approving and executing a joint powers agreement creating the 18 Authority (the "Joint Powers Agreement"); 19 WHEREAS, the Joint Powers Agreement will authorize the 20 Authority to exercise necessary powers to implement the purposes 21 of the Authority through the Authority's Board of Directors; 22 WHEREAS, it is anticipated that the Authority will assist 23 the City and the other Participants to obtain self-insurance for 24 liabili ty risks (the "Coverage") through and on the terms set 25 forth in the Liability Risk Coverage Agreement presented to this 26 meeting and on file with the Clerk of the City Council (the 27 "Coverage Agreement") by and among the Authori ty and other 28 DAB:cez September 12, 1988 2 '. ' 1 2 3 4 5 6 7 8 California cities, which initially may include the Cities of Huntington Beach, Oxnard, Pomona, San Bernardino and Santa Ana, California (each of the City and such Cities set forth in this paragraph being referred to herein individually as a "Participant" and collectively as "Participants"); WHEREAS, this Council proposes to authorize the execution of the Coverage Agreement for the purpose of providing Coverage 9 for the City for the benefit of the City's residents and 10 11 taxpayers and for the health and safety of the public; WHEREAS, the Participants propose to cause the Authority to 12 authorize the issuance, sale and delivery pursuant to a Trust 13 Indenture (the "indenture") of insurance program revenue bonds 14 (the "Bonds") payable from revenues of the Authority, including 15 Basic Premium (as defined in the Coverage Agreement) to be paid 16 by the City and the other Participants under the Coverage 17 Agreement, in order to fund reserves initially in an amount 18 determined sufficient to pay Settlements (as defined in the 19 Coverage Agreement) when due and to provide the Coverage 20 described in the terms set forth in the Coverage Agreement and in 21 the Memorandum of Liability Coverage attached thereto (the 22 "Memorandum" ) . 23 WHEREAS, the City has further determined, based upon the 24 advice of independent professional insurance consultants familiar 25 with the cyclical nature of the reasonable availability of 26 coverage in the commercial insurance market, that it is uncertain 27 whether such liability insurance will be available at a 28 DAB:cez September 12, 1988 3 I " . ....... 1 2 Agreement) and Indenture. Such actions heretofore taken by such 3 officers are hereby ratified, confirmed and approved. 4 This resolution shall take SECTION 7. Effective Date. 5 effect immediately upon its passage. 6 I HEREBY CERTIFY that the foregoing resolution was duly 7 adopted by the Mayor and Common Council of the City of San 8 Bernardino at a Reqular meeting thereof, held on the 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 , 1988, by the following vote, to wit: 19th day of September AYES: Council Members Reilly, Flores, Maudsley, Minor, Pope-Ludlam, Miller NAYS: None ABSENT: Estrada __ ~f:~7?t:V~?#'; c~t1:Y Clerk The foregoing resolution is hereby approv8d this ~_tb___ day of September , 1988 (;: ~~. 7 ' /' I' ,J, ( / /~ / / . / i' l . / .' ,/ t; /:...~ ,L--~ 'G;! -1-<~ i!ll A_/Jr!.A; - lyn Wl.l,...ox, Mayor/ City of San Bernardino Approved as to form al4 legal content: , \ ) \~? ,r~ City Attorney 25 26 27 28 DAB:cez September 12, 1988 13 1 2 reasonable cost on a contingent basis, thereby exposing the City 3 to self-insuring from available revenues on a year by year basis 4 with the attendant risks of fiscal instability and burdens on its 5 citizens in the event of large liability claims recoveries; 6 WHEREAS, this Council hereby further determines that the 7 periodic unwillingness of the commercial insurance market to 8 provide primary or excess public entity liability insurance to 9 local governments at reasonable rates or, in certain cases, at 10 any rate, mandates that the City seek not only an immediate 11 solution, but also a long-term permanent solution to this 12 problem which will in future years free them from exposure to the 13 vagaries of commercial insurance cycles; 14 WHEREAS, the City, along with a steering committee of the 15 other Participants, in consultation with independent professional 16 insurance consultants, have formulated a joint risk-sharing 17 insurance program to be administered by the Authority to meet the 18 public entity liability insurance coverage needs of the 19 Participants which will provide the following advantages, among 20 others, to Participants: 21 (a) eventual funding of a claims payment fund (the "Claims 22 Payment Fund") through an initial deposit from the proceeds of 23 the sale of the Bonds for the dual purpose of providing immediate 24 protection from large claims loss and facilitating eventual 25 access to the commercial reinsurance market, 26 (b) mutual agreement by the Participants to pay annual 27 premium amounts on both a prospective and a retrospective basis 28 DAB:cez September 12, 1988 4 ~ 1 2 calculated actuarially to spread and moderate the cost of claims 3 loss to each Participant, 4 (c) the option to obtain relief from the burden of paying 5 premiums to commercial insurers at levels reflecting the 6 insurers' high costs of underwriting, administration and 7 brokerage fees since the Authority's costs will be limited to 8 reasonable administrative costs, 9 (d) the option to obtain relief from the commercial 10 insurers' rights under excess liability policies to force claim 11 settlements which are payable primarily in each case from the 12 Participant's self-insurance funds, 13 (e) access to the commercial reinsurance market in future 14 years when commercial reinsurance is available at rates deemed 15 favorable by the Participants, and 16 (f) actuarially-determined premium payments calculated to 17 provide amounts in each year necessary to maintain the Claims 18 Payment Fund at an actuarially sound level and therefore 19 sufficient to reserve against the incurred losses of the 20 Participants; 21 WHEREAS, this Council hereby further determines that the 22 Participation Premium (as defined in the Coverage Agreement) to 23 be paid in each year by each Participant, including the City, as 24 provided for and upon the conditions set forth in the Coverage 25 Agreement will be payable only upon the condition of the receipt 26 of the consideration represented by the insurance protection to 27 be provided in such year under the Coverage Agreement, but in the 28 DAB:cez September 12, 1988 5 ~ , 1 2 Authority. Such representative and alternative representative 3 are each hereby authorized to take all actions necessary and 4 appropriate to implement the purposes of the Joint Powers 5 Agreement and the Liability Risk Coverage Agreement (including 6 the First Amendment to Liability Risk Coverage Agreement). 7 SECTION 3. Liability Risk Coverage Agreement. The form 8 of Liability Risk Coverage Agreement (including the First 9 Amendment to Liability Risk Coverage Agreement) between the City 10 and other California cities, which may include the Cities of 11 Huntington Beach, Oxnard, Pomona, San Bernardino and Santa Ana, 12 California as Participants and the Authority, as the provider of 13 liability insurance thereunder, presented to this meeting and on 14 file with the Clerk of the City Council is hereby approved. The 15 Mayor, City Manager (or City Administrator) and Finance Director 16 are hereby authorized and directed, for and in the name and on 17 behalf of the City, to execute, acknowledge and deliver to the 18 Authority, said Liability Risk Coverage Agreement (including the 19 First Amendment to Liability Risk Coverage Agreement) in 20 substantially said form, with such changes therein as such 21 officer may require to approve, such approval to be conclusively 22 evidenced by the execution and delivery thereof. 23 SECTION 4. Validation Proceeding. The Mayor, City 24 Manager and Finance Director and any other officer or official of 25 the City authorized by the Mayor are hereby authorized and 26 directed to participate and cooperate to the fullest extent 27 practicable with the Authority, the other Participants and 28 DAB:cez September 12, 1988 11 '. .4:. " 1 2 representatives of Brown & Wood, San Francisco, California 3 ("Special Counsel"), which firm is proposed to be retained by the 4 Authority as legal counsel with respect to the issuance of the 5 Bonds and validation proceedings and which retention is hereby 6 approved by this Council, in the conduct of validation 7 proceedings regarding the Liability Risk Coverage Agreement 8 (including the First Amendment to Liability Risk Coverage 9 Agreement) and the Bonds and to do any and all things and to 10 execute and deliver any documents which such officers and staff 11 may deem necessary or advisable in connection therewith. 12 SECTION 5. Attestation and Seal. The Clerk of the City 13 Council is hereby authorized and directed to attest the signature 14 of the authorized signatory, and to affix and attest the seal of 15 the City, as may be required or appropriate in connection with 16 the execution and delivery of said Coverage Agreement. 17 SECTION 6. Further Actions. Officers of the City 18 Council and the Mayor, City Manager and Finance Director and any 19 other officer or official of the City authorized by the Mayor, 20 are hereby authorized and directed, jointly and severally, to do 21 any and all things and to execute and deliver any and all 22 documents which they may be deemed necessary or advisable in 23 order to consumate the sale, execution and delivery of the Bonds 24 by the Authority and otherwise to carry out, give effect to and 25 comply with the terms and intent of this resolution, the Bonds, 26 the Joint Powers Agreement, Liability Risk Coverage Agreement 27 (including the First Amendment to Liability Risk Coverage 28 DAB:cez September 12, 1988 12 1 2 event that such protection is so provided in any year such 3 Participation Premium will be a binding obligation of the City 4 payable from legally available moneys; 5 WHEREAS, this Council hereby further determines that the 6 obtaining of the insurance protection and services provided for 7 under the Coverage Agreement is essential in the preservation and 8 fostering of the health, safety and property rights of the 9 citizens of the City, from time to time, and the lack of 10 availability of reasonable commercial public entity liability 11 insurance to local governments generally in the State of 12 California and to the City in particular constitutes a public 13 emergency; 14 WHEREAS, it is necessary and in the interest of the 15 citizens of the City to establish, through the execution of the 16 Joint Powers Agreement and the Coverage Agreement and sale of the 17 Bonds, and maintain through pro rata contributions of each 18 Participant, including the City, a debt service reserve fund 19 therefor, in order to establish adequate reserves to permit the 20 Bonds to be marketed at the lowest possible interest rates; 21 WHEREAS, this Council hereby determines that it is 22 reasonably expected that the cost of funding and maintaining such 23 reserve fund will be more than offset by the anticipated benefits 24 and economies to be realized by the pooling of risks and losses 25 pursuant to the Coverage Agreement; 26 WHEREAS, Article 16, Section 6 of the Constitution of the 27 State, regarding lending of public credit or funds, provides, in 28 DAB:cez September 12, 1988 6 . . . " 1 2 relevant part, that such Section "shall not prohibit any county, 3 city and county, city, township, or other political corporation 4 or subdivision of the State from joining with other such agencies 5 in providing for the payment of workers' compensation, 6 unemployment compensation, tort liability, or public liability 7 losses incurred by such agencies, by entry into an insurance 8 pooling arrangement under a joint exercise of powers agreement, 9 or by membership in such publicly-owned nonprofit corporation or 10 other public agency as may be authorized by the Legislature"; 11 WHEREAS, Premium shall be paid by the City in consideration 12 of the Coverage offered by the Coverage Agreement and by the 13 Memorandum and the sharing of the risk of liability for claims 14 associated with the pooled self-insurance program during each 15 Coverage Period (as defined in the Coverage Agreement); this 16 Council hereby agrees and determines that such Premium payments 17 represent the fair market value of the Coverage; in making such 18 determination, consideration has been given to the initial costs 19 of establishing the pooled insurance program, the unavailability 20 of affordable commercial liability insurance to the City and to 21 other Participants from time to time, the anticipated costs of 22 commercial liability insurance in the future, the obligations of 23 the Participants under the Coverage Agreement (including the 24 other Participants' agreement to share the risk of costs imposed 25 by liability claims to the City), the obligation of the Authority 26 to provide insurance services, the benefits resulting from 27 capitalization of a pooled insurance program (including the 28 DAB:cez September 12, 1988 7 . 1 2 prospect of access to the commercial liability reinsurance 3 market) and the other benefits therefrom which will accrue to the 4 City and the health and safety of the general public; 5 WHEREAS, the City receives benefit from the sharing of risk 6 of costs imposed by liability claims under the terms of the 7 Coverage Agreement during each Coverage Period; the assessment of 8 Pure Premium is the means by which such risk-sharing is 9 implemented; and the procedure established in the Coverage 10 Agreement for the calculation, adjustment and assessment of Pure 11 Premium is hereby determined to be fair, just and reasonable as a 12 means for such risk-sharing; 13 WHEREAS, Section 52511 of the California Government Code 14 provides that "[a] local agency may bring an action to determine 15 the validity of its bonds, warrants, contracts, obligations or 16 evidences of indebtedness pursuant to Chapter 9 (commencing with 17 Section 860) of Title 10 of Part 2 of the Code of Civil 18 procedure" and the City proposes to bring such an action together 19 with the other Participants to validate the Participants' 20 obligations under the Coverage Agreement, and proposes to 21 authorize legal counsel to conduct such proceedings; 22 WHEREAS, the City has previously adopted a resolution 23 approving the execution and delivery of a joint powers agreement 24 creating the Authority, authorizing the execution and delivery of 25 a liability risk coverage agreement and filing a validation 26 proceeding and certain other conditions in connection therewith, 27 on the basis that the Authority's pooled liability insurance 28 DAB:cez September 12, 1988 8 . - 4. , 1 2 program initially would consist of at least seven participating 3 cities; 4 WHEREAS, it is now expected that the Authority's pooled 5 liability insurance program will initially consist of five 6 participating cities and, accordingly, reapproval by the City of 7 agreements and actions relating to the program is required; 8 WHEREAS, it is expected that the Agreement will be 9 effective, and the Authority's risk sharing pooled liability 10 insurance program implemented thereby will commence, as of 11 October 1, 1988; 12 WHEREAS, it is expected that the Bonds will be subsequently 13 issued on or about January 1989 but that the proceeds of the 14 Bonds may be used to provide Coverage to the Participants from 15 October 1, 1988; 16 WHEREAS, execution and delivery of a First Amendment to 17 Liability Risk Coverage Agreement and a First Amendment to Trust 18 Indenture, establishing the specific terms of the Bonds and the 19 obligations of the Participants relating to debt service on the 20 Bonds, will be required on or prior to the date of issuance of 21 the Bonds; and 22 WHEREAS, all acts, conditions and things required by the 23 Constitution and laws of the State to exist, to have happened and 24 to have been performed precedent to and in connection with the 25 execution of the Joint Powers Agreement and the Coverage 26 Agreement as authorized hereby do exist, have happened and have 27 been performed in regular and due time, form and manner as 28 DAB:cez September 12, 1988 9 1 2 required by law, and the City is now duly authorized and 3 empowered, pursuant to each and every requirement of law, to 4 execute the Joint Powers Agreement and the Coverage Agreement, in 5 the manner and upon the terms herein provided; 6 NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY 7 OF SAN BERNARDINO AS FOLLOWS: 8 SECTION 1. Declaration of Council. This Council hereby 9 specifically finds and declares that the actions authorized 10 hereby constitute and are with respect to public affairs of the 11 City, and that the statements, findings and determinations of the 12 City set forth in the preambles above and of the documents 13 approved herein are true and correct. 14 SECTION 2. Joint Powers Agreement. Pursuant to Section 15 6502 of the Joint Powers Law, the Joint Powers Agreement creating 16 the Big Independent Cities Excess Pool Joint Powers Authority by 17 and among the City and other cities, which may include the cites 18 of Huntington Beach, Oxnard, Pomona, San Bernardino and Santa 19 Ana, California, presented to this meeting and on file with the 20 Clerk of the City Council, and the joint exercise of the powers 21 common to the contracting parties thereunder, are hereby 22 approved. The Mayor, City Manager (or City Administrator) and 23 Finance Director are hereby authorized and directed, for and in 24 the name and on behalf of the City, to execute and deliver such 25 Joint Powers Agreement. Mayor Evlyn Wilcox is hereby appointed 26 the City's representative to the Authority and John Kerwin is 27 hereby appointed the City's alternate representative to the 28 DAB:cez September 12, 1988 10 JOINT POWERS AGREEMENT CREATING THE BIG INDEPENDENT.CITIES EXCESS POOL JOINT POWERS AUTHORITY This Agreement is executed in the State of California by and among those cities organized and existing under the Constitution of the State of California which are parties signatory to this Agreement. All such cities, hereinafter called Members, shall be listed in Appendix A, which shall be attached hereto and made a part hereof. RECITALS WHEREAS, Articles 1 and 2, Chapter 5, Division 7, Title 1 of the California Government Code (Section 6500 et seq.) permi ts two or more public agencies by agreement to exercise jointly powers common to the contracting parties; and WHEREAS, California Government Code Section 990.4 provides that a local public entity may self-insure, purchase insurance through an authorized carrier, or purchase insurance through a surplus line broker, or any combination of these; and WHEREAS, Article 16, Section 6 of the California Constitution provides that insurance pooling arrangements under joint exercise of power agreements shall not be 90nsidered the giving or lending of credit as prohibited therein; and WHEREAS, California Government Code Section 990.8 provides that two or more local entities may, by a joint powers agreement, provide insurance for any purpose by anyone or more of the methods specified in Government Code Section 990.4; and WHEREAS, the cities executing this Agreement desire to join together for the purpose of jointly purchasing insurance and jointly funding programs of excess insurance for comprehensive liability and other coverages to be determined; NOW, THEREFORE, the parties agree as follows: ARTICLE 1 DEFINITIONS "Authority" shall mean the Big Independent Cities Excess Pool Joint Powers Authority created by this Agreement. 1 IIBoard of Directorsll or IIBoardll shall mean the governing body of the Authority. IIExecutive Committee II shall mean the Executive Committee of the Board of Directors of the Authority. IIFiscal Yearll shall mean that period of twelve months which is established by the Board of Directors or the Bylaws as the fiscal year of the Authority. II Government Code II shall mean the California Government Code, as amended. II Insurance programll means a program of providing insurance administered by the Authority for Members, implemented by this Agreement and. by an insurance program agreement by and among the Authority and such Members. II Insurance Program Agreement II means an insurance program agreement by and among the Authority and Members providing for implementation of an Insurance Program. IIJoint Powers Law II shall mean Articles 1 through 4, Chapter 5, Division 7, Title 1 (commencing with Section 6500 of the Government Code). II Member II shall mean any California city which has executed this Agreement and has become a member of the Authority. ARTICLE 2 PURPOSES This Agreement is entered into by the Members in order that they may jointly develop and fund programs of excess insurance for comprehensive liability and other coverages to be determined, such programs to include the creation of joint insurance funds, the purchase of reinsurance, and the provision of necessary administrative services. Such administrative services may include, but shall not be limited to, risk management consulting, loss prevention and control, centralized loss reporting, actuarial consulting, claims adjusting, and legal defense services. All such purposes shall be accomplished through a joint exercise of powers by such cities, pursuant to this Agreement, to be administered by a separate legal entity, the Big Independent Cities Excess Pool Joint Powers Authority, as created herein. 2 L-_ ____ ___ ARTICLE 3 PARTIES TO AGREEMENT Each Member, as a party to this Agreement, certifies that it intends to and does contract with all other Members as parties to this Agreement and with such other cities as may later be added as parties to this Agreement. ARTICLE 4 TERM This Agreement shall become effective when executed and returned to the Authori ty. by at least five (5) Members. The Authority shall promptly notify all Members in writing of such effective date. This Agreement shall continue in effect until terminated as provided herein; provided that the termination of this Agreement wi th respect to an individual Member upon its wi thdrawal from membership in the Authority shall not operate to terminate this Agreement with respect to the remaining Members; and provided further that this Agreement shall continue in effect so long as any bonds or other obligations of the Authority are outstanding. ARTICLE 5 CREATION OF THE AUTHORITY Pursuant to the Joint Powers Law, there is hereby created a public entity separate and apart from the parties hereto, to be known as the "Big Independent Cities Excess Pool Joint Powers Authority," with such powers as are hereinafter set forth. ARTICLE 6 POWERS OF THE AUTHORITY (a) Powers. The Authority shall have all of the powers common to its Members and all additional powers set forth in the Joint Powers Law and other statutes applicable to the joint powers authority created hereby, and is hereby authorized to do all acts necessary for the exercise of said powers. Such powers include, but are not limited to, the following: (1) To make and enter into contracts. 3 (2) To incur debts, liabilities, and obligations and to encumber real or personal property. (3) To acquire, hold, or dispose of real or personal property, contributions and donations of real or personal property, funds, services, and other forms of assistance from persons, firms, corporations, and government entities. (4) To sue and be sued in its own name, and to settle any claim against it. (5) To receive and use contributions and advances from Members as provided in Government Code Section 6504, including contributions or advances of personnel, equipment or property. (6) To invest any money in its . treasury that is not required for its immediate necessities, pursuant to Government Code Section 6509.5. (7) To employ agents and employees. (8) To receive, collect and disburse moneys. (9) To develop programs, including reinsurance. and implement insurance purchase of excess risk management insurance and (10) To finance, by means of the issuance of bonds or other instruments of indebtedness, self-insurance reserve funds necessary or convenient for the implementation of this Agreement or an Insurance Program Agreement. (11) To exercise all powers of entities, such as the Authori ty, created under the Joint Powers Law including, but not I imi ted to, those powers enumer ated under the Marks-Roos Local Bond Pooling Act of 1985, as amended. (12) To exercise other reasonable and necessary powers in furtherance or support of any purpose of the Authority or power granted by the Joint Powers Law, this Agreement or the Bylaws of the Authority. (b) Restrictions on Powers. Pursuant to and to the extent required by Government Code Section 6509, the Author i ty shall be restricted in the exercise of its powers in the same manner as the City of Oxnard is restricted in its exercise of similar powers; provided that, if the City of Oxnard shall cease to be a Member, then the Authority shall be restricted in the exercise of its power in the same manner as the City of Santa Ana. 4 ARTICLE 7 BOARD OF DIRECTORS (a) Composition of Board. The Authority shall be governed by the Board of Directors, which shall be composed of one director representing each Member, appointed by the Member I s City Council and serving at the pleasure of such City Council, The City Council of each Member shall also appoint an alternate director who shall have the authority to attend, participate in and vote at any meeting of the Board when the director is absent. A director or alternate director shall be a member of the City Council of the City which appoints such director or alternate director or an official or staff person of the Member which such director or alternate director represents. Any vacancy in a director or alternate director position shall be filled by the appointing Member's City Council, subject to the provisions of this Article. Inunediately upon admission of a new Member pursuant to Article 16, such Member shall be entitled and required to appoint a director and alternate director. (b) Termination of Status as Director. A director and/or alternate director shall be removed from the Board of Directors upon the occurrence of anyone of the following events: (1) the Authority receives written notice from the appointing Member of the removal of the director or alternate director, together with a certified copy of the resolution of the City Council of the Member effecting such removal; (2) the withdrawal of the Member from this Agreement; (3) the death or resignation of the director or alternate director; (4) the Authority receives written notice from the Member that the director or alternate director is no longer qualified as provided in the first paragraph of this Article. (c) Compensation. Directors and their alternates are not entitled to compensation. The Board of Directors may authorize reimbursement of expenses incurred by directors or their alternates. (d) Powers of Board. The Board of Directors shall have the following powers and functions. ( 1) Except as otherwi se provided in thi s Agreement, the Board shall exercise all powers and conduct all business of the Authority, either directly or by delegation to other bodies or persons. 5 .' . (2) The Board shall form an Executive Committee, as provided in Article 10. The Executive Committee may exercise all powers or duties of the Board relating to the execution, issuance, sale or delivery of bonds or other similar obligations of the Authority. The Board may delegate to the Executive Committee and the Executive Committee may discharge any additional powers or duties of the Board except adoption of the Authority.s annual budget. Any additional powers and duties so delegated shall be specified in a resolution adopted by the Board. (3) The Board may form, as provided in Article 11, such other committees as it deems appropriate to conduct the business of the Authority or it may delegate such power to the Executive Committee in the Bylaws or by resolution of the Board. The membership of any such other committee may consist in whole or in part of persons who are not members of the Board; provided that the Board and the Executive Committee may delegate decision-making powers and duties only to a committee a majority of the members of which are Board members. Any committee a maj or i ty of the members of which are not Board members may function only in an advisory capacity. (4) The Board shall elect the officers of the Authority and shall appoint or employ necessary staff in accordance with Articles 9 and 12. (5) The Board shall cause to be prepared, and shall review, modify as necessary, and adopt the annual operating budget of the Authority. Adoption of the budget may not be delegated. (6) The Board shall receive, review and act upon periodic reports and audits of the funds of the Authority, as required under Articles 13 and 14 of this Agreement. (7) The Board shall have such other powers and duties as are reasonably necessary to carry out the purposes of the Authority. ARTICLE 8 MEETINGS OF THE BOARD OF DIRECTORS (a) Reqular Meetinqs. The Board of Directors shall hold at least two regular meetings each year. The Board of Directors shall fix by resolution or in the Bylaws the date upon which, and the hour and place at which, each regular meeting is to be held. 6 Lu __ '. . (b) Ralph M. Brown Act. Each meeting of the Board of Directors, including without limitation regular, adjourned regular, and special meetings shall be called, noticed, held, and conducted in accordance with -the Ralph M. Brown Act, Section 54950 et seq. of the Government Code. (c) Minutes. The Authority shall have minutes of regular, adjourned regular, and special meetings kept by the Secretary. As soon as practicable after each meeting, the Secretary shall forward to each Board member a copy of the minutes of such meeting. (d) Quorum. A majority of the members of the Board is a quorum for the transaction of business. However, less than a quorum may adjourn from time to time. A vote of the majority of a quorum at a meeting is sufficient to take action. (e) Votinq. Each member of the Board shall have one vote. ARTICLE 9 OFFICERS The Board shall elect a President and Vice-President from among its members at its first meeting. Thereafter, except as may be otherwise provided in the Bylaws of the Authority, the Board shall elect a new President and Vice-President, in the last meeting in each succeeding fiscal year. Each officer shall assume the duties of his office upon election. If either the President or Vice-President ceases to be a member of the Board, the resulting vacancy shall be filled at the next regular meeting of the Board held after the vacancy occurs or at a special meeting of the Board called to fill such vacancy. In the absence or inability of the President to act, the Vice-President shall act as President. The President shall preside at and conduct all meetings of the Board. The Board may appoint such other officers as it considers necessary. ARTICLE 10 EXECUTIVE COMMITTEE The Board shall establish an Executive Committee of the Board which shall consist solely of members selected from the membership of the Board. The terms of office of the members of the Executive Committee shall be provided in the Bylaws of the Authority. The Executive Committee shall conduct the business 7 of the Authority between meetings of the Board, exerclslng all those powers as provided for in section (d)(2) of Article 7, or as otherwise delegated to it by the Board. ARTICLE 11 COMMITTEES The Board may establish committees as it deems appropriate to conduct the business of the Authority or it may, in the Bylaws or by resolution, delegate such power to the Executive Commi ttee. Members of Committees shall be appointed by the Board or the Executive Committee, as the case may be. Each Committee shall have those duties as determined by the Board or the Executive Commi ttee, as the case may be, . or as otherwise set forth in the Bylaws. Each Committee shall meet on the call of its chairperson, and shall report to the Executive Committee and the Board as directed by the Board or the Executive Committee, as the case may be. ARTICLE 12 STAFF (a) Principal Staff. appointed by and serve Directors: The following staff members shall be at the pleasure of the Board of (1) General Manaqer/Secretary. The General Manager/Secretary shall administer the business and activities of the Authority, subject to the general supervlslon and policy direction of the Board and the Executive Committee; shall be responsible for all minutes, notices and records of the Authority; and shall perform such other duties as are assigned by the Board and Executive Committee. ( 2) Treasurer. The dut ies of the Treasurer are set forth in Article 14 of this Agreement. Pursuant to Government Code Section 6505.5, the Treasurer shall be the treasurer of one of the Members of the Authori ty or the county treasurer in which one of the Members is situated, or, pursuant to Government Code Section 6505.6, the Board may appoint one of its officers or employees to the position of Treasurer, who shall comply with the requirements set forth for such office in the Joint Powers Law. Should the Joint Powers Law be amended to permit the selection of the Treasurer from another class of persons, the Treasurer may be selected from such class. 8 (3) Auditor. The Auditor shall draw warrants to pay demands against the Author i ty when approved by the Treasurer. Pursuant to Government Code Section 6505.6, the Auditor shall be the Auditor of the Member from which the Treasurer is appointed by the Board under (2) above, or , pursuant to Government Code Section 6505.6, the Board may appoint one of its officers or employees to the position of Auditor, who shall comply with the requirements set forth for such office in the Joint Powers Law. Should the Joint Powers Law be amended to permit the selection of the Auditor from another class of persons, the Auditor may be selected from such class. (b) Other Staff. The Board, Executive Committee or General Manager/Secretary shall provide for the appointment of such other staff as may be necessary for the administration of the Authority. (c) Compensation. The General Manager/Secretary, the Treasurer, the Auditor and any other members of the staff or employees of the Authority shall be compensated in such manner as shall be approved by the Board as permitted by applicable law. ARTICLE 13 ACCOUNTS AND RECORDS ( a) Annual Budqet. The Author i ty shall annually adopt an operating budget pursuant to Article 7 of this Agreement. (b) Funds and Accounts. The Auditor of the Authority shall establish and maintain such funds and accounts as may be required by good accounting practices and by the Board. Books and records of the Authority in the hands of the Auditor shall be open to inspection at all reasonable times by authorized representatives of the Members. The Authority shall adhere to the standard of strict accountability for funds set forth in the Joint Powers Law. (c) Auditor's Report. The Auditor, within one hundred and twenty (120) days after the close of each Fiscal Year, shall give a complete written report of all financial activities for such Fiscal Year to the Board and to each Member. (d) Annual Audit. If then required by the Joint Powers Law, the Authority shall either make or contract with a certified public accountant to make an annual Fiscal year audit 9 of all accounts and records of the Authority, conforming in all respects with the requirements of the Joint Powers Law. A report of the audit shall be filed, if then required by law, as a public record with each of the Members and with the county auditor of the county or counties in which each of the Members is located. Costs of the audit shall be considered a general expense of the Authority. ARTICLE 14 RESPONSIBILITIES FOR FUNDS AND PROPERTY (a) Custody of Authority Funds. The Treasurer shall have the custody of and di sburse the Author i ty I S funds, and any other funds pledged to the payment of such bonds or obligations. Proceeds of bonds or other similar obligations of the authority, and any other funds pledged to the payment of such bonds or obligations, may be deposi ted wi th an indenture trustee, agent or other depositary and shall not be considered the Authority.s funds for purposes of this Article. The Treasurer may delegate disbursing authority to such persons as may be authorized by the Board or the Executive Conuni ttee to perform that functions, subject to the requirements of (b) below. (b) Duties of Treasurer. The Treasurer shall perform all functions then required to be performed by the Treasurer under the Joint Powers Law. (c) Author i ty Property. Pursuant to Government Code Section 6505.1, the General Manager/Secretary, the Treasurer, and such other persons as the Board may designate shall have charge of, handle, and have access to the property of the Authority. ARTICLE 15 MEMBER RESPONSIBILITIES Each Member shall have the following responsibilities: (a) To appoint its director and al ternate director to or remove its director and al ternate director from the Board as set forth in Article 7. (b) To consider proposed amendments to this Agreement as set forth in Article 23. 10 (c) To make contributions in the form of annual membership assessments and fees, if any, determined by the Board for the purpose of defraying the costs of providing the annual benefits accruing directly to each party from this Agreement. ARTICLE 16 NEW MEMBERS Wi th the approval of two-thirds of the members of the Board, and compliance with any requirements of the Joint Powers Law, any qualified city may become a party to this Agreement. A city requesting membership shall apply by presenting to the Authority a resolution of the City Council of such city evidencing its approval of this Agreement. The date that the applying city wi 11 become a Member wi 11 be determined by the Board. ARTICLE 17 WITHDRAWAL A Member may withdraw from membership in the Authority upon thirty (30) days advance written notice to the Authority; provided that an Insurance Program Agreement may set forth additional conditions to withdrawal. A Member which no longer participates in any Insurance Program of the Authori ty, by reason of expulsion from an Insurance Program or otherwise, shall be deemed to have withdrawn from this Agreement and shall no longer be a party to this Agreement. No withdrawal, however, shall relieve such Member from its obligations under any outstanding agreements relating to the Authority.s bonds or other obligations except in accordance with such agreements. ARTICLE 18 OBLIGATIONS OF AUTHORITY The debts, liabilities and obligations of the Authority shall not be the debts, liabilities and obligations of the Members. Any Member may separately contract for, or assume responsibility for, specific debts, liabilities or obligations of the Authority. Pursuant to Section 895.2 of the Government Code, the Members may be jointly and severally liable for any liability which is imposed by any law for injury caused by a negligent or 11 wrongful act or omission occurring in the performance of this Agreement. In the event that such liability arises out of a negligent or wrongful act or omission with respect to an Insurance Program, the Members hereby provide pursuant to Section 895.6 of the Government Code that such liability shall be borne by the Members participating in such Insurance Program in the same proportion as administrative expenses of the Insurance Program are allocated among such participating Members at the time the liability is determined. In the event a Member is held liable upon any judgment for damages caused by such an act or omission and makes payment in excess of its proportional share, as determined in the preceding sentence, such Member is entitled from each of the Members which have not paid their proportional share. ARTICLE 19 TERMINATION AND DISTRIBUTION OF ASSETS This Agreement may be terminated at any time that no bonds or other obligations of the Authority are outstanding. Upon termination of this Agreement, all assets of the Authority shall, after payment of all unpaid costs, expenses and charges incurred under this Agreement, be distributed among the parties hereto in accordance with the respective contributions of each of said parties; provided that an Insurance Program Agreement may set forth the specific manner of calculation and timing of such distributions of funds held with respect to the related Insurance Program. ARTICLE 20 LIABILITY OF BOARD OF DIRECTORS, OFFICERS AND COMMITTEE MEMBERS The members of the Board of Directors, officers and committee members of the Authority shall use ordinary care and reasonable diligence in the exercise of their powers and in the performance of their duties pursuant to this Agreement. They shall not be liable for any mistake of judgment or any other action made, taken or omitted by them in good faith, nor for any action taken or omitted by any agent, employee or independent contractor selected wi th reasonable care, nor for loss incurred through investment of Authority funds, or failure to invest. 12 ..... No director, officer or conunittee member shall be responsible for any action taken or omitted by any other director, officer or conunittee member. No director, officer or conuni ttee member shall be required to give a bond or other security to guarantee the faithful performance of his or her duties pursuant to this Agreement. ARTICLE 21 BYLAWS The Board may adopt Bylaws consistent with this Agreement which shall provide for the administration and management of the Authority. ARTICLE 22 NOTICES The Authority shall address notices, billings and other conununications to a Member as directed by such Member. Each Member shall provide the Authority with the address to which conununications are to be sent. Members shall address notices and other communications to the Authority, at the office address of the Authority as set forth in the Bylaws. ARTICLE 23 AMENDMENT This Agreement may be amended at any time by vote of two-thirds of the Members, acting through their City Councils, and compliance wi th any requirements of the Joint Powers Law. Any amendment of this Agreement shall become effective upon receipt by the Authority of notice of the approval of such amendment by the City Councils of two-thirds of the Members and satisfaction of any requirements of the Joint Powers Law. ARTICLE 24 SEVERABILITY Should any portion, term, condition, or provIsIon of this Agreement be decided by a court of competent jurisdiction to be illegal or in conflict with any law of the State of California, 13 .. '" or be otherwise rendered unenforceable or validity of the remaining portions, terms, provisions shall not be affected thereby. ineffectual, conditions, the and ARTICLE 25 PROHIBITION AGAINST ASSIGNMENT No Member may assign any right, claim or interest it may have under this Agreement, and no creditor, assignee or third party beneficiary of any Member shall have any right, claim or title to any part, share, interest, fund or asset of the Authority. ARTICLE 26 AGREEMENT COMPLETE This Agreement constitutes the full and complete agreement of the parties. ARTICLE 27 FILING WITH SECRETARY OF STATE The General Manager/Secretary of the Authority shall file a notice of this Agreement with the office of the California Secretary of State within 30 days of its effective date, as required by Government Code Section 6503.5 and within 70 days of its effective date as required by Government Code Section 53051. IN WITNESS WHEREOF, the undersigned party hereto has executed this Agreement on the dated indicated below. 9'- 7-'1- - 8'3' ::~~~~~~ DATE: Seal: ATTEST: ~~//c:V~W /" C l4.y (J Ie-y./C 14 l_n , ..... , . APPENDIX A MEMBERS A-I ~ t Mars'h & M~Lennan ~ .. Marsh & Mclennan, Incorporated Three Embarcadero Center Post Office Box 3880 San Francisco, California 94119-3880 415-393-5000 I -j RECtO. - AD Mitt. OFF. !~~'1Q Oro1 r 3 t~;;\I Y\" t n. H"\. I 7 i.; j ;....:' , Mr. James Robbins City of San Bernadino 300 North "0" Street San Bernadino, CA 92418 ~ C. CVIt kjCIeRt. ottfrl(, sk ~94. October 11, 1988 BICEP EXCESS LIABILITY COVERAGE Dear James: Enclosed is your new Excess Liability Policy for Public Entities. Coverage may be summarized as follows: Limit of Liability: $26,000,000 (less member cities' retained limit) per occurrence for bodily injury , property damage, personal injury or Public Officials Errors and Ommissions Retained Limit: $1,000,000 Please review your policy carefully as all claims will be handled in accordance with the acutal Terms, Conditions, and Exclusions specified in the policy. Also enclosed is the binder for your Special Excess Policy with The Insurance Company of the State of Pennsylvania. The policy will follow within 60 days. Please contact us if you have this coverage. any questions concerning Sincerely, l' ~ I /-1 .J-I ~(/tLt>11.../ ~'~' t~/ ;{ 'e . ..L ~ (.~ / n~ i11-16-U- ' . i,/'LA- tr..-. <./)'\.. c- ~I :h fr-d ..:J tiw- /Iui. )." a teA ~ e;- C)L~-. V /0'- ;;2/- J~ ~'~/ i/ . - - /'/ M r&n T. 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ATTACHMENT #1 TO BINDER #10177 BIG INDEPENDENT CITIES EXCESS POOL (BICEP) EXCESS ~ PED AND PUBLIC OFFICIALS ERRORS & OMISSIONS INS NCE COMPANY OF THE STATE OF PENNSYLVANIA OCTOBER 1, 1988 AND ENDING OCTOBER 1, 1989 NAMED INSURED The Named Insureds' shall consist of the following Member Cities: Huntington Beach Oxnard Pomona San Bernardino Santa Ana including any and all commissions, agencies, districts, author- ities, councils (including the governing councils) or similar entities coming under the City's direction or control or for which the City's council member sit as the governing body. Authorized By: BICEP/06.2 r~-~ ATTACHMENT #2 TO BINDER #10177 BIG INDEPENDENT CITIES EXCESS POOL (BICEP) EXCESS PI, PD AND PUBLIC OFFICIALS ERRORS & OMISSIONS INSURANCE COMPANY OF THE STATE OF PENNSYLVANIA OCTOBER 1, 1988 AND ENDING OCTOBER 1, 1989 TERMS & CONDITIONS 1. Limits of $8,000,000 per occurrence and aggregate respects Products/Completed Operations and Public Officials Errors and Omissions separately to each Member City. 2. The Self-Insured Retention of $2,000,000 applies to each and every occurrence. 3. Excluding (a) (b) (c) (d) (e) (f) (g) (h) (i) (j ) (k) (1) (m) (n) (0) (p) Discrimination Pollution (Absolute) Asbestos (Absolute) E.R.I.S.A. Care, Custody and control Transit Dams and Reservoirs Dumpsites Trampolines and Rebounding Devices Selenium Failure to Supply . HIJ co~~q') Medical Malpractice (emr's) ()ccupa.t,ana) tteD. Y Cross Suits (Named Insured vs. Named Insured) Inverse Condemnation/Eminent Domain Subsidence Airports/Aircraft 4. Subject to claims audit and review of each Member City. 5. No automatic coverage is granted to new Member City's. The inclusion of any new Member City will be subject to an addi- tional premium, to be determined and approved by Insurance Company of the State of Pennsylvania. All other terms and conditions as per C. V. Starr's Special Excess Liability Policy for Public Entities. BICEP/06.1 Authorized By: BIG INDEPENDENT CITIES EXCESS POOL JOINT POWERS AUTHORITY PUBLIC ENTITY LIABILITY DECLARA TION CERTIFICATE NO. BOO4 This will certify that the following MEMBER is covered in accordance with the terms and con- ditions of the Master Memorandum of Public Entity Liability Coverage by the BIG INDEPEN- DENT CITIES EXCESS POOL JOINT POWERS AUTHORITY hereinafter called BICEP. , ) MEMBER CITY: 2) MAILING ADDRESS: City of San Bernardino 300 North "0" Street, San Bernardino, CA 92418 3) MEMORANDUM PERIOD: FROM 10-1-88 TO 7-1-89 , 2:01 A.M. Standard Time at the address of the Member as stated herein. 4) LIMIT OF LIABILITY: $ 26,000,000. LESS MEMBER CITY'S RETAINED LIMIT AS ULTIMATE NET LOSS as the result of anyone OCCURRENCE because of BODILY INJURY or PROPERTY DAMAGE or PERSONAL INJURY or PUBLIC OFFICIALS ERRORS AND OMMISSIONS, or any combination thereof during the AGREEMENT PERIOD. 5) MEMBER CITY'S RETAINED LIMIT: $ 1,000,000. ULTIMATE NET LOSS as the result of anyone OCCUR- RENCE because of BODILY INJURY or PERSONAL INJURY or PUBLIC OFFICIALS ERRORS AND OMMIS- SIONS, or any combination thereof during the AGREE- MENT PERIOD. 6) CLAIMS ADJUSTING FIRM: Self-Administered 7) ANNUAL DEPOSIT PREMIUM: $452,863. 8) Endorsements attached to policy at inception: Countersigned by ~. I /;~ This Declarations and Coveragefs), with Standard Provisions and Endorsements, if any, issued to form a part thereof, completes the above-numbered Agreement. BICEP 3/9/88 BICEP Premium Endorsement City of San Bernardino Certificate #BOO4 Deposit Pure Premium: $ 99,710. $ 20,580. Administrative Premium: Excess Insurance Premium for the period 10-1-88 to 10-1-89 Deposit Premium: $332,573. Total Deposit Premium: $452,863. MASTER MEMORANDUM OF LIABILITY COVERAGE FOR THE BIG INDEPENDENT CITIES EXCESS POOL JOINT POWERS AUTHORITY Throughout this AGREEMENT, words and phrases that appear capitalized have special meaning. They are defined in Section II - Definitions. In consideration of payment of the premium, the Big Independent Cities Excess Pool Joint Powers Authority, (BICEP) hereinafter known as the Authority agrees with the respective member CITY of BICEP as follows: SECTION I - COVERAGES The Authority will pay those sums on behalf of the CITY for ULTIMATE NET LOSS in excess of the Retained Limit stated in Item 5 of the Declarations that the CITY becomes legally obligated to pay as damages by reason of Liability imposed by law or Liability assumed by contract because of: A. BODILY INJURY or PROPERTY DAMAGE: and/ or B. PERSONAL INJURY: and/or C. PUBLIC OFFICIALS ERRORS AND OMISSIONS as those terms are herein defined and to which this AGREEMENT applies. Included in Authority's obligation to pay are DEFENSE COSTS falling within the definition of COVERED ULTIMATE NET LOSS. SECTION II - DEFINITIONS A. AGREEMENT - means the Memorandum of Liability Coverage for the Authority. B. AIRCRAFT - means a vehicle designed for the transport of persons or property principally in the air. C. AUTOMOBILE - means a land motor vehicle, trailer or semi-trailer. D. BODILY INJURY - means bodily injury, sickness or disease sustained by a person, including death resulting from any of these at any time. E. CITY - means the entity named in the Declarations, including any and all commis- sions, agencies, districts, Authorities, councils (including the governing councils) or similar entities coming under the CITY's direction or control or for which the CITY's council members sit as the governing body. BICEP 3/9/88 ,> F. CLAIM - means a demand against an Insured (as defined in Section IV hereof) to recover for losses or damages within or alleged to be within the scope of this AGREEMENT. G. COVERED INDIVIDUALS - means persons who are past or present elected or ap- pointed officials, employees or volunteers of the CITY whether or not compen- sated, while acting for or on behalf of the CITY, including while acting on outside committees, commissions, agencies, districts, authorities, councils, commissions or boards at the direction of the CITY. H. COVERED ULTIMATE NET LOSS - means an amount by which ULTIMATE NET LOSS not covered by other available Insure.nce or self-insurance exceeds the Re- tained Limit stated in Item (5), of the Declaration, such amount not in any event however to exceed the Limit of Liability stated in Item (4) of the Declarations. I. DEFENSE COSTS - means fees and expenses incurred by the Authority or an In- sured caused by and relating to the adjustment, investigation, defense or appeal of a claim including attorney's fees, court costs and interest on judgements accruing after entry of judgement all within the scope of coverage afforded by this agree- ment. DEFENSE COSTS shall not include the office expense of the Authority or any Insured nor expenses of a claims administrator engaged by any CITY or the Authority, except CITY DEFENSE COSTS which will be reimbursed on an agreed flat fee per day of service to CLAIM. J. INVERSE CONDEMNATION - means a claim by any one other that an Insured that an Insured has taken or diminished the value of land through land use restrictions on such land or use of adjacent land or air space by an Insured, or otherwise. K. MEMORANDUM PERIOD - means the period stated in Item (3) of the Declara- tions. L. NUCLEAR MATERIALS - means source material, special nuclear material, or byproduct material. Source Material, Special NUCLEAR MATERIAL and Byproduct Material have the meanings given to them by the Atomic Energy Act of 1954 or in any law amendatory thereto. M. OCCURRENCE - means: 1. With respect to BODILY INJURY or PROPERTY DAMAGE: an accident or event, including injurious or repeated exposure to substantially the same con- ditions, which results, during the memorandum period, in BODILY INJURY or PROPERTY DAMAGE neither expected nor intended from the standpoint of the Insured. 2. With respect to PERSONAL INJURY and PUBLIC OFFICIALS ERRORS AND OMMISSIONS respectively: an offense described in the definitions of those terms in this section. N. PERSONAL INJURY - means injury caused by or arising out of one or more of the following offenses: 1. False arrest, detention or imprisonment, or malicious prosectuion; 2. Wrongful entry or eviction or other invasion of the right of private occupancy; BICEP 3/9/88 2 1- '/< 3. Publication or utterance of material that slanders or libels a person or organiza- tion or disparages a person's or organization's goods, products or services, or oral or written publication of material that violates a person's right of privacy; and 4. Discrimination based upon race, religion, nationality, national origin, color, creed, sex, sexual preference, age or employment; 5. Assault and battery. O. POLLUTANTS - means any solid, liquid, gaseous, or thermal irritant or contami- nant, including smoke, vapor, soot, fumes, acids, alkalis, chemicals, and waste. Waste includes materials to be recycled, reconditioned ~r reclaimed. The term POLLUTANTS as used herein is not defined to mean potable water or agricultural water or water furnished to commercial users or water used for fire suppression. P. PROPERTY DAMAGE - means: ,. Physical injury to tangible property, including all resulting loss of use to that property; or 2. Loss of use of tangible property that is not physically injured. a. PUBLIC OFFICIALS ERRORS AND OMISSIONS - means an offense consisting of any actual or alleged misstatement or misleading statement or act or omission by neglect or breach of duty including misfeasance, malfeasance, or nonfeasance by COVERED INDIVIDUALS individually or collectively in the discharge of their duties with the CITY, or any matter claimed against them solely by reason of their being or having been public officials. R. ULTIMATE NET LOSS - means the sum for which the Insured is liable either by ad- judication or by compromise after making proper deduction for all recoveries and salvages, and also includes DEFENSE COSTS. SECTION III - DEFENSE AND SETTLEMENT The Authority shall have the right and duty to participate in the defense of any suit against an Insured, where such suit is likely to involve a COVERED ULTIMATE NET LOSS even if any allegations are groundless, false or fraudulent. After the amount of the CITY's Retained Limit has been exhausted by payment of judgements, settlements and DEFENSE COSTS, the Authority shall pay any excess within its Limit of Liability. The Authority shall at its own expense, have the right to participate in the investigation, negotiation, settlement or defense of any CLAIM or suit against any Insured when the final, in the opinion of the Authority, such claim may result in a COVERED ULTIMATE NET LOSS., The Insured shall fully cooperate in all matters pertaining to such claims or proceeding. No CLAIM shall be settled for an amount in excess of the Insured's Retained Limit without the prior consent of the Authority. BICEP 3/9/88 3 SECTION IV RETAINED LIMIT - THE AUTHORITIES LIMIT OF LIABILITY The Authorities Liability as the result of anyone OCCURRENCE shall be only the ULTIMATE NET LOSS in excess of the CITY's Retained Limit as specified in Item 5 of the Declarations; and then for an amount not exceeding the amount specified in Item (4) of the Declarations. For the purpose of determining the Authorities Limit of Liability and the CITY's Retained Limit, all damages arising out of continous or repeated exposure to substantially the same general conditions shall be considered as arising out of one OCCURRENCE. SECTION V - COVERAGE PERIOD AND TERRITORY Each Insured shall have coverage for all BODILY INJURY, PROPERTY DAMAGE, PUBLIC OFFICIALS ERRORS AND OMISSIONS and PERSONAL INJURY which occur anywhere in the world during the MEMORANDUM PERIOD. SECTION VI - ENTITIES OR PERSONS INSURED The Insureds covered by this agreement are: A. The CITY; B. COVERED INDIVIDUALS; C. With respect to any AUTOMOBILE usage, Insured does not include: 1. Any person or organization, or any agent or employee thereof, operating an AUTOMOBILE sales agency, commercial repair shop, commercial service sta- tion, commercial storage garage or commercial public parking place, with respect to an OCCURRENCE arising out of the operation thereof. This does not apply to publicly owned, operated, or publicly owned and leased parking garages or lots; or 2. The owner or any lessee, other than the CITY or COVERED INDIVIDUAL, of a hired AUTOMOBILE or any agent or employee of such owner or lessee. SECTION VII - EXCLUSIONS A. This AGREEMENT does not apply to: 1 . Any claims arising out of the contamination 0 the environment by POLLUTANTS introduced at anytime into or upon land, the atmosphere or any watercourse or body of water or aquifer. This exclusion applies whether or not the contamination is introduced into the environment intentionally or accidentally or gradually or suddenly and whether or not the insured or any other person or organization is responsible for the contamination. This exclusion does not apply, however, to BODILY INJURY OR PROPERTY DAMAGE caused by heat, smoke or fumes from a hostile fire. As used in this exclusion, a hostile fire means one which becomes un- controllable or breaks out where it was not intended to be. BICEP 3/9/88 4 Contamination includes any unclean, unsafe or unhealthful condition either actual or potential, which arises out of the presence in the environment of any POLLU- TANT, whether permanent or transient. Environment includes land, bodies of water, underground water or water table or aquifer, the atmosphere and any other natural feature of the earth, whether or not altered, developed or cultivated. 2. Any loss, cost or expense arising out of any governmental directions or request that the CITY test for, monitor, clean up, remove, contain, treat, detoxify or neutralize POLLUTANTS. 3. Any CLAIM for past salary or wages due because of discrimination or because of wrongful termination or violation of civil rights of any employee or official of the CITY; 4. BODILY INJURY to: a. An employee of the CITY arising out of and in the course of employment by the CITY; or b. Tfle spouse, child, parent, brother or sister of that employee as a conse- quence of actions of the employee arising out of and in the course of his/ her employment by the CITY. This exclusion applies whether the CITY may be liable as an employer or in any other capacity, except with respect to Liability of others assumed under contract; 5. Any obligation for which the CITY or any Insurance company as its Insurer may be held liable under any workers' compensation or disability benefits law or any similar law; 6. Liability arising out of the ownership or operation of any hospital or airport; 7. BODILY INJURY or PROPERTY DAMAGE arising out of or in connection with the operation of any hospital, clinic, or established health care facilities owned or operated by the CITY due to: 1 . The rendering of or failure to render A. Medical, surgical, dental, X-ray or nursing service or treatment, or the furnishing of food or beverages in connection therewith; B. Any service or treatment conductive to health, or of a profes- sional nature or; C. Any cosmetic or tonsorial service or treatment. 2. The furnishing of or dispensing of drugs or medical, dental, or surgical sup- plies or appliances. This exclusion shall not apply, however, to BODILY INJURY or PROPERTY DAMAGE arising out of the performance of occupational physical examinations, paramedics services, emergency care, or T.B. testing clinics; 8. Liability arising out of the rupture, bursting, overflow, or release of water from any dam(s), etc. 9. Fines, punitive damages, or damage multiples such as treble damages awardable pursuant to statute; or other applicable law. BICEP 3/9/88 5 10. PROPERTY DAMAGE to: a. Property owned by the Insured; or b. Property rented to, leased or in the care, custody and control of the Insured where it has assumed the Liability for damage to or destruction of such prop- erty, unless the Insured would have been liable in the absence of such assumption of Liability; c. Watercraft exceeding 26 feet in length, in the CITY's care, custody or con- trol; d. AIRCRAFT 11. Any Liability arising out of the ownership, operation, use or maintenance of any AIRCRAFT; 1 2. Any Liability arising out of the operation of any transit authority, transit system, or public transportation system owned or operated by the Insured, except a transit system operating over non-fixed route systems such as dial-a-ride, senior citizen transportation, or handicapped transportation; and 1 3. Any Liability arising out of the failure to supply or provide an adequate supply of gas, water or electricity when such failure is a result of the inadequacy of the In- sured's facilities to supply or produce sufficient gas, water or electricity to meet the reasonable demand. 14. Any Liability arising out of, or in connection with the principles of eminent do- main, condemnation proceedings or INVERSE CONDEMNATION by whatever name called, and whether or not Liability accrues directly against the Insured by virtue of any agreement entered into by or on behalf of the Insured. This exclusion shall not apply to PROPERTY DAMAGE caused by the negligence or other fault of the Insured even though a legal theory upon which a claimant seeks recovery is the principle of INVERSE CONDEMNATION. B. This agreement does not apply under Coverage C (PUBLIC OFFICIALS ERRORS AND OMISSIONS) : 1. BODILY INJURY; 2. PROPERTY DAMAGE; 3. PERSONAL INJURY; 4. Benefits payable under any employee benefit plan (whether the plan is negotia- ted, or voluntarily established by the CITY or mandated by law because of unlaw- ful discrimination; 5. Refund of taxes, fees or assessments; BICEP 3/9/88 6 6. Liability of a COVERED INDIVIDUAL (a) arising in whole or in part out of a COVERED INDIVIDUAL'S obtaining remuneration or financial gain to which the COVERED INDIVIDUAL was not legally entitled or (b) arising out of the willful! vio- lation of any applicable law or other regulation committed by, or with the know- ledge or consent of any Insured. 7. To any Liability arising out of estimates of probable costs or cost estimates being exceeded or faulty preparation of bid specifications or plans including architec- tural plans; 8. Failure to perform, or breach of, a contractual obligation; 9. Liability imposed under the Employee Retirement Income Security Act of 1 974 (ERISA), as may be amended from time to time. 10. Liability imposed under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), as may be amended from time to time. BICEP 3/9/88 7 SECTION VIII - CONDITIONS A. PREMIUM AND AUDIT The premium designated in the Declaration as "Deposit Premium" is a deposit premium only. The Authority shall be permitted but not obligated to inspect the Insured's property and operations at any reasonable time. Neither the Insured's rights to make inspections nor the making thereof nor any report thereon shall constitute an undertaking, on behalf of or for the benefit of the Insured or others, to determine or warrant that such property or operations are safe. The Authority may examine the Insured's books and records at any reasonable time during the MEMORANDUM PERIOD and extensions thereof and within three years after the final termination of this memorandum, as far as they relate to the subject matter of this AGREEMENT. B. DUTIES IN THE EVENT OF AN OCCURRENCE CITY's duty in the event of an OCCURRENCE, claim or suit: 1. In the event of an OCCURRENCE reasonably likely to involve a COVERED ULTI- MATE NET LOSS written notice containing particulars sufficient to identify the entity and also reasonably obtainable information with respect to the time, place and circumstances thereof, and the names and addresses of the entity( s) and of available witnesses shall be given by or for the Insured to the Authority or any of its authorized agents as soon as practicable. 2. If a claim is made or suit brought against the Insured, the Insured shall be obligated upon demand to forward to the Authority every demand, notice, summons or other process received by the Insured or the Insured's representative. 3. The Insured shall cooperate with the Authority and upon its request assist in en- forcing any right of contribution or indemnity against any person or organization who may be liable to the Insured because of an OCCURRENCE with respect to which coverage is afforded under this AGREEMENT: and the Insured shall attend hearings and trials and assist in securing and giving evidence and obtaining the at- tendance of witnesses. The Insured shall not, except at its own cost, voluntarily make any payment, assume any obligation or incur any expense which is likely to result in an ULTIMATE NET LOSS that exceeds the Retained Limit stated in Item (5) of the Declarations. In the event that the amount of ULTIMATE NET LOSS be- comes certain either through final court judgement of agreement among the In- sured, the claimant and the Authority shall then pay on behalf of the Insured the COVERED ULTIMATE NET LOSS. C. BANKRUPTCY AND INSOLVENCY PROVISION Bankruptcy or insolvency of the CITY shall not relieve the Authority of any of its obliga- tions hereunder. D. OTHER INSURANCE If collectible insurance or other coverages with any joint powers Authority or other self- funding mechanism is available to the Insured covering a loss also covered hereunder (whether on a primary, excess or contingent basis), such contribution shall apply to- wards the satisfaction of the Insured's Retained Limit. The coverage hereunder shall contribute with, such other insurance, provided that this clause does not apply with respect to excess insurance purchased specifically to be in excess of this AGREEMENT. BICEP 3/9/88 8 .'. E. DURATION OF AN OCCURENCE An OCCURRENCE with a duration of more than one coverage period shall be treated as a single OCCURENCE arising during the coverage period when the OCCURRENCE begins. F. ENDORSEMENT CONDITIONS Notice to any agent or knowledge possessed by any agent or by any person shall not ef- fect a waiver or change in any part of this AGREEMENT or stop the Authority from asserting any right under the terms of this memorandum, nor shall the terms of this AGREEMENT be waived or changed, except by endorsement issued to form a part of this memorandum. G. ACTION AGAINST THE AUTHORITY No actions shall lie against the Authority with respect to the coverages and related pro- visions defined in this AGREEMENT unless, as a condition precedent thereto, there shall have been full compliance with all the terms of this AGREEMENT, nor until the amount of the Insured's obligations to pay shall have been finally determined either by judgement against the Insured after actual trial or by written agreement of the Insured, the claimant and the Authority. Any person or organization or the representative there- of who has secured such judgement or written agreement shall thereafter be entitled to recovery under this AGREEMENT to the extent of the coverage afforded by this AGREEMENT. No person or entity shall have any right under this AGREEMENT to join the Authority as a party to any action against the Covered Party to determine the Insured's Liability, nor shall the Authority be impleaded by the Insured's or its legal representative. H. SUBROGATION The Authority shall be subrogated to the extent of any payment hereunder to all the In- sured's rights of recovery thereof, and the Insured shall do nothing after loss to pre- judice such right and shall do everything necessary to secure such right. Any amount so recovered shall be apportioned as follows: 1 . The expenses of all such recovery proceedings shall be paid before any reimburse- ments are made for the highest layer of coverage. If there is no recovery in the pro- ceedings conducted by the Authority, it shall bear the expense thereof. 2. The highest layer of coverage shall be reimbursed first and if there be sufficient re- coveries then the next highest layer until all recoveries are used up. I. ASSIGNMENT OF INTEREST Assignment of interest under this memorandum shall not bind the Authority unless and until its consent is endorsed hereon. J. CROSS LIABILITY In the event of ULTIMATE NET LOSS to one or more Insureds for which another Insured is or may be held liable, then this policy shall cover such entity or person against whom claim is made or may be made, the same as if separate memorandums of coverage had been issued to each Insured, except that the Limits of Liability for all such Insureds shall not exceed the Limits of Liability set forth in the memorandum declarations. BICEP 3/9/88 9 K. CANCELLATION This AGREEMENT may be cancelled by the Authority in accordance with Article VI Sec- tion 6.3 of the Liability Risk Coverage Agreement by receipted delivery to the Insured CITY at the address shown in this AGREEMENT, written notice stating when not less than sixty days thereafter such cancellation shall be effective, provided that, if the In- sured fails to discharge when due any of its obligations in connection with the payment for this AGREEMENT or any installment thereof, extension or credit, this AGREEMENT may be cancelled by the Authority in accordance with Article VI Section 6.3 of the Liability Risk Coverage Agreement, by receipted delivery to the Insured CITY at the ad- dress shown in the AGREEMENT, written notice when not less than ten days thereafter such cancellation shall be effective. The time of surrender or the effective date and hour of cancellation stated in the notice shall become the end of the coverage period. BICEP 3/9/88 10 BIG INDEPENDENT CITIES EXCESS POOL LIABILITY RISK MANAGEMENT REQUIREMENTS 1 . Each Participant shall maintain a full time risk management employee or other risk man- agement professional or otherwise must be able to demonstrate a sound professionally administered risk management program. If there is no risk manager then approval is subject to unanimous consent of the membership. The person so designated will serve as liason for the Participant to the Authority for all matters relating to risk management. (Risk management means the process of identifying, evaluating, reducing, controlling, transfering and eliminating risks through various methods such as purchasing Insur- ance, funding claims payments, legal defense of claims, controlling losses and claims reserves. ) 2. Each Participant shall maintain a loss prevention program, and shall consider and act upon all reoommendations of the Authority concerning the reduction of unsafe condi- tions. (Loss prevention means developing techniques for changing or removing condi- tions which would be likely to cause loss.) 3. Each Participant shall maintain records of claims which provide at a minimum, the following information by fiscal year: number of claims (open and closed); amounts paid; amounts reserved; and the total amount incurred (allocated expenses shall be in- cluded). If losses are capped the potential excess amount provided for all losses incur- red in excess of 50% of the Retained Limit or $ 500,00 whichever is less. Loss records will be provided for the preceding five years. Copies of records maintained shall be submitted to the Authority as directed by the General Manager, Liability Risk Committee, Claims Review Committee or other duly constituted committees. 4. The Participant shall use only qualified personnel to administer its Liability claims. 5. The Participant shall litigate suits using qualified defense counsel experienced in tort Liability. Authority retains the right to associate with the defense counsel for cases like- ly to exceed the Participant'-s retained limit. 6. The Participant shall use, as guidelines, the Authoritie's Liability Claims Audit Control Guidelines and shall advise its claims administrator that these standards are to be utili- zed in the Authoritie's Liability claims audits. 7. The Participant shall furnish to the Authority written notice as soon as practicable of any potential or actual claims to recover losses or damages within or alleged to be with- in the scope of the Memorandum in accordance with the following requirements: A. A claim or occurrence which is, or is reserved at, an amount at least equal to, 50% of the Participant's retained limit or $500,000 whichever is less; B. A claim or occurrence which is the result of an incident involving potential joint and several Liability, if reserved at 50% of the Participant's retained limit or $ 500,000 whichever is less; BICEP 3/9/88 12 r · C. A claim or occurrence which is the result of incidents involving paralysis, or brain damage, dismemberment or death; D. An occurrence which results in two or more claims from the same incident if reserved in total at 50% of the Participant's retained limit or $ 500,000 which- ever is less. 8. A claims administration audit utilizing the Authoritie' s Liability Claims Quality Control Guidelines shall be performed, at a minimum, of once every three years, or more often at the sole discretion of the Authority, particularly if: A. There is an unusual fluctuation or increase in the Participant's claims experience or number of claims; B. There is a change of Liability claims administration firms; or in-house claims/litiga- tion management; C. The P.articipant is a new Participant. In most cases an audit will be performed on an "as needed" basis, but at least within twelve months of the above-mentioned event( s). The claims audit shall be performed by a firm select~d by the Authority. Recommenda- tions made in the claims audit shall be addressed by the Participant and a written re- sponse outlining a program for corrective action shall be furnished to the Authority within sixty days of receipt of the audit. 9. The Participant shall obtain an actuarial study performed by a Fellow of the Casualty Actuarial Society (FCAS) once every three years, or more often if indicated. Based upon the Actuarial recommendations, the Participant shall maintain reserves and make funding contributions equal to or exceeding the "Marginally Acceptable" ranges of the actuarial report. 10. The Participant shall furnish an annual audited financial statement to the Authority. NOTICES 1 . The Authority shall furnish the Participant written notification of the Participant's failure to meet any of the above-mentioned guidelines. . 2. The Participant shall furnish a written response outlining a program for corrective ac- tion, within thirty days of receipt of the Authoritie's notification. Extensions may be granted under extenuating circumstances, at the discretion of the Authority. 3. After approval by the Authority of the Participant's corrective program, the Participant shall implement the approved program within sixty days. The Participant may request an additional sixty days from the Authority. BICEP 3/9/88 13 t . . . SANCTIONS 1 . Failure to comply with these guidelines and a failure to cure such noncompliance as described in NOTICES Section 2 or 3 above (after notice as described in (1 ) above) shall constitute an event of default in default accordance with the Liability Risk Coverage Agreement. LIABILITY CLAIMS QUALITY CONTROL GUIDELINES I. CLAIMS INVESTIGATION A. Factual investigation within thirty days of the Participant's knowledge of the Claim, including statements from participants and witnesses. (Answer questions who, what, where, when and why.) B. Develop information regarding Liability issues, including immunities, comparative negligence, joint tortfeasors, and joint and several Liability. C. Begin to develop information on damages. 1. Property damage. 2. Nature and extent of injuries. 3. Medical costs. 4. Lost wages. 5. Other damages. D. Obtain and review contracts that may be in effect relating to specific accidents. 1. Hold harmless indemnity agreements. 2. Additional insured requirements. 3. Other applicable insurance. E. Obtain defective products and/ or other evidence, and hold if at all possible, or at least locate where it is being held. Obtain product information for the file. F. Utilize experts appropriately in cases. G. Maintain membership in Claims Index Bureau. 1. Report all claims to the Claims Index Bureau. 2. Follow up on Claims Index Bureau information. H. Arrange appraisals for damaged property. I. Timely report to Authority and / or excess carrier. II. TORT CLAIM REQUIREMENTS All notices (pertaining to claims insufficiency, returning late claims, claims rejections, etc.) shall be timely given in accordance with the relevant provisions of applicable law. BICEP 3/9/88 14 . . . III. DOCUMENTATION A. Reasonable reserves shall be established based upon facts known, within thirty days of receipt of investigative report. Expenses shall be included. B. File shall contain documentation necessary to support the decisions made with respect to claims disposition. C. Photos, diagrams, plans, contracts, medical and law enforcement reports, and other relevant documents shall be deposited in the claims file in a timely fashion. IV. CASE SETTLEMENT FACTORS A. Reasonable settlement considering value of damages, injury, and liability. B. Timeliness of settlement. C. Contributions from joint tortfeasors considered. D. Documents evaluating and authorizing settlements. E. Appropriate releases secured. V . LITIGATED FILES A. Defense attorney evaluation in file. B. Proper follow-up for investigation requested by defense attorney. C. Actions to monitor claim defense expenses. D. Timely recommendations from defense firms regarding settlements and trial preparation. E. Results and total expenses documented. BICEP 3/9/88 15