Res 1986-135 - Laserfiche WebLink

Home Browse Search

Texas Municipal League Joint Self..lnsurance Fund 211 East Seventh Street, Suite 1020, Austin, Texas 78701-3283 INTERLOCAL AGREEMENT This contract and lneerlocal Agreement is entered ineo by and between political subdivisions of thIs state (hereinafter referred to as "Fund Members") to form a joint self-insurance pool to be named the Texas Municipal League Joint Self-Insurance Fund (hereinafter referred to as the "Fund") for the purpose of providing coverages against risks which are inherent in operating a political subdivision. WITNESSETH: The undersigned Fund Member, in accordance with the lncerlocal Cooperation Act, Article 4413 (32c), T.R.c.S. and the interpreta- tion thereof by the Attorney General of the State of Texas (Opinion #MW-347, May 29, 1981), and in consideration of other Fund Members executing like agreements. does hereby agree to become one of the Fund Members of this self-insured pool. The conditions of embership agreed upon by and between the parties are as follows: 1. 2. 3. Definition of terms used in this lneerlocal Agreement. a. Board. Refers to the Board of Trustees of the Texas Municipal League Workers' Compensation Joint Insurar,ce Fund and the Texas Municipal League Joint Self-Insurance Fund. b. Fund Year. October 1 through September 30. c. Manual Rates. Basic rates applicable to each liability classification promulgated by the State Board of Insurance or the Board of Trustees. d. TML Municipal Liability Self.Insurance Plan. The liability coverage. documents that set forth in exact' detail the coverages provided as part of the overall plan. e. Adjustments. Refers to any offsets to manual premium that may result from the Member's election of deductibles, loss ex- perience, or Fund Modifier which reflects the savings to the Fund Member by entermg into this Agreement. f. TML Municipal Property Self.lnsurance Plan. The property coverage documents that set forth in exact detail the çoverages provided as part of the overall plan. g. Premium and Contribution. Used interchangeably in some parts of this Imerlocal Agreement. Any reference at any nme in this Interlocal Agreement to an insurance term not ordinarily a part of self-insurance shall be deemed for convenience only and is not construed as being contrary to the self-insurance concept except where the context clearly indicates no other possible interpretation such as but not limited to the reference to "reinsurance," h, Reimbursable Deductible. As respects the TML Municipal Liability Self.Insurance Plan, the amount paid by the Fund that was chosen by this Fund Member to be applicable to the first monies paid by the Fund to effect Judgment or settlement of any claim or suit. The Fund Member, upon notification of the action taken. shall promptly reimburse the Fund for all or such part of the deductible amount as has been paid by the Fund. Further, however, the Fund's obligation to pay damages shall be subject to the Limits of Liability stated in the Declarations of Coverage or Endorsements to this Interiocal Agree- ment less the stated deductible amoune. i. Fund Modifier. A percentage figure that is applied to the standard rates by the Fund to reflect the savings to the Fund Member by entering into the Interlocal Agreement. j. Agreement Period. The continuous period since the Fund Member first became a member of this Fund excluding, however, any period or periods of time therein that the member did not participate as a member of the Fund. k. Declarations of Coverage. The specific indication of the coverages, limits, deductibles, contnbutions and special provi- sion elected by each individual Fund Member. The Declarations of Coverage may be modified by Endorsement. The Board of Trustees. acting through its agents and TML staff, is responsible for the administration of all Fund business on behalf of the Fund Members. In consideration of the execution of this Agreement by and between the Member and the Fund and of the contributions of the Member, the insurance elected by the Member is afforded according to the terms of the TML Municipal Liability Self-Insurance Plan and the TML Municipal Property Self-Insurance Plan. The affirmative declaration of contributions and limits of liability in the Declarations of Coverage and Endorsements determines the applicability of the Self.Insurance Plans.