Res 1986-135 - Laserfiche WebLink

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12. The Fund Member acknowledges that it has received a copy of the Bylaws of the Fund and agrees to abide by the Bylaws and any amendments thereto. The Fund Member specifically acknowledges that it is a member in good standing of the TML Workers' Compensation Joint Insurance Fund and will remain a participant in that Fund during the term of this lnterlocal Agreement. 13. The Fund agrees that all Fund transactions will be annually audited by a nationally recognized certified public accounting firm. 14. If legally required, the Fund shall cause to be filed the necessary tax forms with the Internal Revenue Service. 15. As the administrators of the Self-Insurance Fund, the Board shall primarily and constantly keep foremost in their deliberations and decisions in operating the Fund that each of the participating Fund Members is a "self-insured." At least annually, the Board shall carefully review, study and consider the actual claims or loss experience (including reserves for future claims payments) of each of the Fund Members, the pro rata saving to the Fund resulting from overall loss experience attributed to each Fund Member, and the pro rata portion of the cost of all catastrophic loss protection and aggregate stop loss protection allocated to each Fund Member as well as the pro rata allocation, as determined by the Board of the other and necessary administrative ex- penses of the Fund, in order to reasonably determine the actual pro rata cost, expense and loss experience of each Fund Member in order to maintain as nearly as possible an equitable and reasonable self-insurance administration of the Fund as applied to each Fund Member. The Fund shall maintain case reserves and supplemental reserves compUted in accordance with standard actuarial principles, taking into account historical and othèr data, designed to measure claims development and claims incurred but not yet reported, so that funds will be available to meet these claims as they become due. The Fund shall also establish and maintain a reserve for Return of Contributions to further ensure the fiscal integrity of the Fund in the event of a potential adverse loss development. TO BE COMPLETED BY CITY: EMPLOYER MEMBERS' FUND COORDINATOR (See Section 10): Name Carolyn M. Liner Title Director of Personnel Mailing Address City of San Marcos - 630 East Hopkins Street Address (if different from above) City Zip 78666 Phone 1-353-4444 SIGNATURE 0 City Manager Title November 13. 1986 Date TO BE COMPLETED BY FUND: Effective Date of This Agreement 10 ), J /?;fo City Name SQ.() ma..I'COS :::~ OFRC~ ~ir-p~t~ Tide 1:2!t!gt:, Date