Title
Human Resources Department, Risk Management Division, recommending the Board authorize the Human Resources Director or designee, be authorized to sign all necessary documents to secure continued insurance coverage provided by California State Association of Counties (CSAC) Excess Insurance Authority (EIA) and coordinate payment through the Auditor-Controller when insurance premiums are due. (Cont'd 3/3/09, Item 16)
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BUDGET SUMMARY:
Total Estimated Cost $1,130,471
Funding
Budgeted $1,130,471
New Funding $
Savings $
Other $
Total Funding Available $1,130,471
Change To Net County Cost $0
Fiscal Impact/Change to Net County Cost:
There is no fiscal impact to this item.
Background and Reasons for Recommendation:
This is the sixth year of an annual process, requesting the Board authorize the Human Resources Department, Risk Management Division, to sign and approve all documents required to secure continued insurance coverage provided currently through CSAC-EIA and to coordinate payment through the Auditor-Controller when insurance premiums are due.
Board approval is required prior to processing annual insurance premium renewals for payment. This process works for all insurance programs/policies except for insurance programs offered by CSAC-EIA. Initial participation in a CSAC-EIA program requires Board approval along with a Memorandum of Understanding between the County and the CSAC-EIA. A listing of programs that the County is participating in currently is attached. Estimated costs for participation in all listed programs is $1.13M for 2009.
CSAC-EIA is a Joint Powers Authority comprised of California counties, cities, and public agencies, organized to jointly develop and fund insurance programs. Insurance premiums are normally lower than what the County could find on its own. This is because of the purchasing power of a multi-county organization as well as the ability to p...
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