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File #: 19-0149    Version: 1 Name: 2/4/19 Resolution to Approve January 24, 2019 Recommendations of the Board of Insurance Administration
Type: Resolution Status: Passed
File created: 2/4/2019 In control: City Council
On agenda: 2/4/2019 Final action: 2/4/2019
Enactment date: 2/4/2019 Enactment #: R-19-052
Title: Resolution to Approve January 24, 2019 Recommendations of the Board of Insurance Administration
Attachments: 1. 2019 Executive Summary Insurance Renewal.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Title

Resolution to Approve January 24, 2019 Recommendations of the Board of Insurance Administration

Memorandum

This resolution is submitted for City Council’s approval of Board of Insurance Administration recommendations at its meeting on January 24, 2019 which was held for the purpose of determining pending claims against the City, conducting other business and making recommendations to City Council.

Staff

Prepared by:                       Sarah Singleton, Risk Specialist

Reviewed by:                       Matthew Horning, City Treasurer

Approved by:                     Howard S. Lazarus, City Administrator

Body

Whereas, The Board of Insurance Administration recommends approval of the coverage and premiums in the insurance renewal policies effective March 1, 2019 as presented by the Hylant Group, Inc., with the cost of all policies not to exceed $950,000.00, and with continuation of the Pollution Policy for two additional years, subject to the availability of funding in the budgets for those years; and

 

RESOLVED, That as recommended by the Board of Insurance Administration, the coverage and premiums in the insurance renewal polices effective March 1, 2019, as presented by the Hylant Group, Inc., be approved, with the cost of all the policies not to exceed $950,000.00, and with continuation of the Pollution Policy for two additional years, subject to the availability of funding in the budgets for those years;

 

RESOLVED, That payment of the premiums for the policies be authorized; and

 

RESOLVED, That the City Administrator be authorized to take the necessary administrative actions to implement this resolution.