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HomeMy WebLinkAboutResolution 2683 Authorizing participation in MMIA Worker's Compensation: 11-02-87 ~ ,;'''' ~. <~ RESOLUTION NO. 2683 At the meeting of the City of Bozeman (name of city or town) a, city or town, organized and existing under the laws of the state of Montana held on the 2nd day of November , 1987 , the quorum being present the following resolution was adopted:--- WHEREAS, Article XI, section 7 of the Montana Constitution provides that a political subdivision may a) cooperate in the exercise of any function, power, or responsibility with, B) share the services of any officer or facilities with, and c) transfer or delegate any function, power responsibility, or duty of any officer to one or more other local government units, school districts, the state or the United states; and WHEREAS, Title 7, Chapter 11, Part 1, Montana Code Annotated (M.C.A.), (the Interlocal Cooperation Act) authorizes political subdivisions to create interlocal agreements to jointly perform any undertaking that each such political subdivision unit is authorized by law to perform; and WHEREAS, Section 2-9-211, MCA authorizes political subdivisions of the state to procure insurance separately or jointly with other subdivisions, and to use a deductible or self-insurance plan, wholly or in part; and WHEREAS, the City of Bozeman (name) has determined it to be in its best interest to join with and has joined with other political sUbdivisions in forming and creating the Montana Municipal Insurance Authority ("Authority") through the Interlocal Cooperation Act for the purposes of: 1. Developing effective risk management programs to reduce the amount and frequency of their losses; 2. Sharing some portion, or all, of their losses; 3. Jointly purchasing insurance through a group program; 4. Jointly purchasing administrative and other services through a group program when related to any of the other purposes; and WHEREAS, the Authority is a joint exercise of powers entity established pursuant to the Interlocal Cooperation Act in accordance with the provisions of the Interlocal Cooperation Act for the purpose of providing group self-insurance and risk retention programs for the City of Bozeman (name) and other political subdivisions executing the Interlocal Agreement; and WHEREAS, the Authority is authorized to exercise necessary powers to implement the purposes of the Authority as established by the Interlocal Agreement; and WHEREAS, the Author i ty and the Ci ty of Bozeman , (name) in consultation with independent professional insurance consultants, have formulated a Workers' Compensation Risk Retention Program, the terms of which are set forth Workers' Compensation Risk Retention Program Agreement, a true copy of which is attached to this Resolution to be administered by the Authority to meet the workers' compensation insurance needs of City of Bozeman (name) and which provides for joint and several liability of City of Bozeman (name) along with all other Members of the Workers' Compensation Risk Retention Program for the full amount of any and all known or unknown claims for each Member arising during the Member's participation in the Program, will provide the following advantages, among others, to the Members: (a) mutual agreement by the Members to pay annual premium on an experience-rated basis calculated actuarially to spread and moderate the cost of claims loss to each Member, 1 . . (b) relief from the burden of paying premiums to commercial insurers at levels reflecting the insurers' high costs of underwriting, administration and brokerage fees since the Authority's costs will be limited to reasonable administrative costs, (c) relief from commercial insurers' rights under excess liability pOlicies to force claim settlements which are payable primarily in each case from the Member's self- insurance funds, (d) actuarially determined premium payments calculated to provide amounts in each year necessary to maintain the workers' compensation risk retention program at an actuarially sound level and therefore sufficient to reserve against the incurred losses of the Member; and WHEREAS, the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority has sought permission to self-insure workers' compensation and occupational disease liabilities in the state of Montana; and WHEREAS, the City of Bozeman (name) will participate in self-funding programs as provided for in the Montana Code Annotated, Section 39-71-403, and in consideration of the Workers' Compensation Division of the State of Montana approving group self-insurance; and WHEREAS, the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority is in the public interest and the specific interest of this city or town, it is recognized that each individual Member of the Workers' compensation Risk Retention Program of the Montana Municipal Insurance Authority is jointly and severally liable for any and all obligations incurred by the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority as provided for in the Montana Code Annotated, Section 39-71-2103. NOW THEREFORE BE IT RESOLVED, and it is hereby resolved that r.ity of Bozeman (name) is or will become a member of the Workers' compensation Risk Retention Program of the Montana Municipal Insurance Authority and hereby ratifies, confirms and approves all provisions of the Workers' compensation Risk Retention Program and all applications and agreements filed on behalf of the Workers' compensation Risk Retention Program of the Montana Municipal Insurance Authority with the state of Montana in connection with its self-insuring the programs workers' compensation and occupational disease liabilities; BE IT FURTHER RESOLVED that City of Bozeman (name) hereby authorized its designated representative or representatives to execute the Workers' Compensation Risk Retention Program Agreement attached as Exhibit A to this Resolution: BE IT FURTHER RESOLVED that City of Bozeman (name) guarantees that the payment of all workers' compensation and occupational disease liabilities of the Workers' Compensation Risk Retention Program of the Authority and its predecessor, the Insurance Trust of the Montana League of cities and Towns; and BE IT FURTHER RESOLVED that City Manager (title of official) and Clerk of the Commission (title of official) of City of Bozeman (name) are severally authorized to sign the Workers' Compensation Risk Retention Program Agreement of the Authority and the State of Montana's form entitled "Agreement of Assumption and Guarantee of Workers' Compensation and Occupational Disease Liabilities on Behalf of the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority". 2 --. --..-. .. ,. I, Robin L. Sullivan , the undersigned, clerk of the City of Bozeman , a city or town, do hereby certify that the foregoing is a full, true and correct copy of the resolution duly passed by the City Commission at the meeting of said City Commission held on the day of November 2 , 1987 and that said resolution has never been revoked, rescinded or set aside and is now in full force and effect. IN WITNESS WHEREOF, I set my hand and the seal of said City of Bozeman , a city or town, this 2nd day of November , 1987. CITY OF BOZEMAN Name of Public Entity Si~\ u=i .m~ Judith A. Mathre Typed Name Mavor Title Attest: (~eX J~~ Signed Robin L. Sullivan Typed Name Clerk of the Commission Title , w '- 3 II .- . ' AGREEMENT OF ASSUMPTION AND GUARANTEE OF WORKERS' COMPENSATION AND OCCUPATIONAL DISEASE LIABILITIES ON BEHALF OF THE WORKERS' COMPENSATION RISK RETENTION PROGRAM OF THE MONTANA MUNICIPAL INSURANCE AUTHORITY BOZEMAN, MONTANA (city or town) WHEREAS, the City of Bozeman, Montana (city or town) (hereinafter called the Undersigned or Member), has good and sufficient reason for executing this Agreement; and WHEREAS, the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority, is, or has made application to be, a self-insurer pursuant to Section 39-71-2101 through 39- 71-2109, MCA, inclusive of the Montana Workers' Compensation Act: NOW, THEREFORE, IT IS UNDERSTOOD AND AGREED: 1. In consideration of the Division of Workers' Compensation of the State of Montana issuing permission to Self-Insure to the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority, the Undersigned agrees to assume and guarantee to pay, or otherwise discharge promptly, any and all the liabilities and obligations which the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority may incur as a self-insurer of its Montana workers' compensation and occupational disease liabilities. 2. This Agreement shall cover and extend to all potential liability for workers' compensation and occupational disease benefits as required by law of the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority as a self-insurer of its Montana workers' compensation and occupational disease liabilities arising on or after the effective date of this Member's participation in the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority. 3. This agreements represents a direct financial guarantee to the employees of all Members of the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority and dependents of deceased employees of all Members of the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority for the full amount of any and all liabilities or obligations on amounts not limited to this Member's "pro-rata" share. The Member understand and agrees that it shall be jointly and severally liable with the other Members for the full amount of any and all known and unknown claims of the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority arising during the membership of the Member with the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority. ~ . 4. This Agreement shall not cover or extend to any workers' compensation or occupational disease liabilities of the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority which are expressly insured by a carrier duly authorized to write Montana workers' compensation and occupational disease insurance. Provided that the liabilities assumed by an excess insurance carrier shall also remain the primary liabilities of the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority and its Members. 5. This Agreement shall remain in full force and effect unless terminated in the manner hereinafter provided. 6. This Agreement may be terminated at any time by the Undersigned upon giving thirty (30) days written notice by registered or certified mail to the Insurance Compliance Bureau of the Division of Workers' Compensation, 5 South Last Chance Gulch, Helena, Montana 59601. In this event, the liability of the Undersigned, shall, at the expiration of thirty (30) days upon receipt of said notice by said Division cease and terminate, except as to such liability of the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority on account of any injury or disease suffered by any of its employees prior to the expiration of said thirty (30) days; it being expressly understood and agreed that the Undersigned shall be liable for defaul t of the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority in fully discharging all existing and potential liability of the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority as a self-insurer as of the date of said termination. 7. In the event the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority shall fail to pay compensation, as compensation is defined in the Montana Workers' Compensation and Occupational Disease Acts, when due, the Undersigned will pay the same, and the payment may be enforced against the Undersigned to the same extent as if payment was its sole liability. The Member understand and agrees that it shall be jointly and severally liable with the other Members for the full amounts of any and all known and unknown claims of the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority arising during the membership of the Member with the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority. 8. This Agreement is enforceable by the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority, its Members, the employees of the Members, and/or the Division of Workers' Compensation of the State of Montana. The undersigned is held and firmly bound for the payment of all legal fees and costs incurred by the State of Montana in any actions taken to enforce this Agreement. 2 .. . 9. The Undersigned waives any notices as to the current condition of the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority, insurance plan, any changes therein, and the manner of conducting or closing said guaranteed plan or otherwise. The Undersigned also waives, in the event of non-compliance by the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority, any demand or notice in respect thereof and any requirement of legal and equitable proceedings or otherwise on the part of the Division against the Workers' Compensation Risk Retention Program of the Montana Municipal Insurance Authority as a condition precedent to enforcing the obligations of the Undersigned hereunder. 10. This Agreement shall be binding upon the Undersigned, its successors and assigns. SUBSCRIBED AND SEALED at Bozeman. Montana this 2nd day of November , 1987. CITY OF BOZEMAN. MONTANA Name of Public Entity ATTEST: ~n~t~~'-->-- [, ('v'1 . ~ ,) . , \J ~ \~~"! ',~ '--_ City Manager ~ J J:fL:- Title Signature Clerk of the Commission Title [ SEAL] 3 .--.----.-- , '.~~~~""-~ - ~-_._----- - .~/;[:~1"- '. ",. ~. " WORKERS' COMPENSATION RISK RETENTION PROGRAM AGREEMENT between the MONTANA MUNICIPAL INSURANCE AUTHORITY as Authority and CITY ~1IQ') OF BOZEHAN MONTANA as Member --.-.. ----.- ..._u_._.._ ~ <- WORKERS' COMPENSATION RISK RETENTION PROGRAM AGREEMENT THIS WORKERS' COMPENSATION RISK RETENTION PROGRAM AGREEMENT, by and among the MONTANA MUNICIPAL INSURANCE AUTHORITY, a joint exercise of powers agency duly organized and existing under the laws of the State of Montana, (the WAuthorityW) , and the CITY (TOWN) OF BOZEMAN , a municipal entity and political subdivision duly organized and existing under the Constitution and laws of said State, (the "MemberW): WIT N E SSE T H: WHEREAS, Article XI, Section 7 of the Montana Constitution provides that a political subdivision may a) cooperate in the exercise of any function, power, or responsibility with, B) share the services of any officer or facilities with, and c) trans fer or delegate any function, power responsibility, or duty of any officer to one or more other local government units, school districts, the state or the United States: and WHEREAS, Title 7, Chapter 11, Part 1, Montana Code Annotated (M.C.A.), (the Interlocal Cooperation Act) authorizes political sUbdivisions to create interlocal agreements to jointly perform any undertaking that each such political sUbdivision unit is authorized by law to perform: and WHEREAS, Section 2-9-211, MCA authorizes political subdivisions of the state to procure insurance separately or jointly with other subdivisions, and to use a deductible or self-insurance plan, wholly or in part: and 1 --.-" .-.. .-------- . ___._...u ------- n_..__..___u_._..___._ --..--....---...-..--. . '. WHEREAS, the Member has determined it to be in its best interest to join with other political subdivisions in forming and creating the Authority through the Interlocal cooperation Act for the purposes of: 1- Developing effective risk management programs to reduce the amount and frequency of their losses; 2. Sharing some portion, or all, of their losses; 3 . Jointly purchasing insurance through a group program; 4. Jointly purchasing administrative and other services through a group program when related to any of the other purposes; and WHEREAS, the Authority is a joint exercise of powers entity established pursuant to an Interlocal Cooperation Act in accordance with the provisions of the Interlocal Cooperation Act for the purpose of providing group self-insurance and risk retention programs for the Member and other political subdivisions executing the Interlocal Agreement; and WHEREAS, the Authority is authorized to exercise necessary powers to implement the purposes of the Authority as established by the Interlocal Agreement; and WHEREAS, the Authority and the Member, in consultation with independent professional insurance consultants, have formulated a Workers' Compensation . Risk Retention Program, the terms and conditions of. which are set forth in this Agreement, to be administered by the Authority to meet the workers' compensation insurance needs of the Member, and which provides for joint and 2 --~._'-_. .--.... -- . several liability of the Member along with all other Members for the full amount of any and all known or unknown claims of each Member arising during the Member's participation in the Program, will provide the following advantages, among others, to the Member: (a) mutual agreement by the Members to pay annual premium on an experience-rated basis calculated actuarially to spread and moderate the cost of claims loss to each Member, (b) relief from the burden of paying premiums to commercial insurers at levels reflecting the insurers' high costs of underwriting, administration and brokerage fees since the Authority's costs will be limited to reasonable administrative costs, ( c) relief from commerc ial insurers' rights under excess liability policies to force claim settlements which are payable primarily in each case from the Member's self-insurance funds, ( d) actuarially determined premium payments calculated to provide amounts in each year necessary to maintain the workers' compensation risk retention program at an actuarially sound level and therefore sufficient to reserve against the incurred losses of the Member; and WHEREAS, the governing body of the Member has authorized the execution of this Agreement for the purpose of providing Coverage for the Member for the benefit of the Member's residents and taxpayers and for the health and safety of its employees; and WHEREAS, it is a matter for the governing board of the Member to determine the amount of premiums which the Member shall pay for proper workers' compensation insurance coverage; and 3 WHEREAS, the Member has heretofore determined and does hereby confirm that the premiums to be required hereunder are reasonable and advantageous and to the public benefit of the citizens of such Member; NOW THEREFORE, in consideration of the above recitals and of the mutual covenants hereinafter contained and for other good and valuable consideration, the parties hereto agree as follows: ARTICLE I REPRESENTATIONS, COVENANTS AND WARRANTIES Section 1.1 ReDresentations, Covenants and Warranties of the Member. The Member represents, covenants and warrants to the Authority as follows: (a) Due Orqanization and Existence. Such Member is a municipal entity and political subdivision of the State, duly organized and existing under the Constitution and laws of the State. (b) Authorization; Enforceability. The Constitution and laws of the State authorize the Member to enter into this Agreement and the Interlocal Agreement and to enter into the transactions contemplated by and to carry out its obligations under all of the aforesaid agreements, and the Member has duly authorized and executed all of the aforesaid agreements. This Agreement and the Interlocal Agreement constitute the legal, valid, binding and enforceable obligations of such Member in accordance with their respective terms, except to the extent limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar 4 ....----- . --- .---. -~_..,. laws or equitable principles affecting the rights of creditors generally and except as to the limitations on remedies against public agencies generally. (c) No Violations. Neither the execution and delivery of this Agreement or the Interlocal Agreement, nor the fulfillment of or compliance with the terms and conditions hereof or thereof, nor the consummation of the transactions contemplated hereby or thereby, conflicts with or results in a breach of the terms, conditions or provisions of any restriction or any agreement or instrument to which such Member is now a party or by which the Member is bound, or constitutes a default under any of the foregoing. Section 1.2 ReDresentations. Covenants and Warranties of the Authority. The Authority represents, covenants and warrants to each Member as follows: (a) Recitals Correct. The recitals to this Agreement are true and correct. (b) Due Orqanization and Existence; Enforceability. The Authority is a joint exercise of powers authority duly organized, existing and in good standing under and by virtue of the laws of the State of Montana; has the power to enter into this Agreement; possesses by virtue of the Interlocal Agreement full power to provide a risk retention program to parties signator to the Interlocal Agreement; and has duly authorized the execution and delivery of all of the aforesaid agreements. This Agreement and the Interlocal Agreement constitute the legal, valid, binding and enforceable obligations of the Authority in accordance with their terms, except 5 to the extent limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles affecting the rights of creditors generally and except as to the limitations on remedies against public agencies generally. (c) No Encumbrances. The Authority will not pledge the Premium or its rights under this Agreement except as provided under the terms of this Agreement. (d) EauitableExercise of ResDonsibilities. The Authority will exercise all rights and responsibilities hereunder reasonably and equitably for the benefit of all Members without preference or discrimination among Members. (e) No violations. Neither the execution and delivery of this Agreement, nor the fulfillment of or compliance with the terms and conditions hereof or thereby, conflicts with or results in a breach of the terms, conditions or provisions of the Bylaws of the Authority or any restriction or any agreement or instrument to which the Authority is now a party or by which the Authority is bound, or constitutes a default under any of the foregoing. ARTICLE II COVERAGE, PAYMENT OF CLAIMS AND AWARDS, PURCHASE OF COMMERCIAL INSURANCE 2.1 Coveraqe. The Authority through the Workers' Compensation Risk Retention Program hereby provides the Coverage to the Member, and the Member hereby agrees to accept the Coverage, upon the terms and conditions set forth in this Agreement and the Memorandum attached hereto as Exhibit A. 6 2.2 PaYment of Claims and Awards. A. All claims will be investigated by the designated claims adjusting service company. The service company is authorized to settle claims up to a designated amount established by the Board of Directors without advance notice or approval of the Board. In such cases, the service company will file a subsequent report to the General Manager and Board of Directors. On claims in excess of this amount, the service company shall present the claim to the Board of Directors for settlement authorization. In those cases where timely action is necessary prior to a scheduled meeting of the Board of Directors, a five-member committee designated by the Board of Directors is authorized to act on behalf of the Board of Directors to authorize settlements or take other appropriate action. Settled claims made pursuant to the Workers' Compensation and Occupational Disease Acts of Montana shall be paid from the Workers' Compensation Risk Retention Program assets. B. With respect to all claims that are not settled, the Authority shall pay from the Workers' Compensation Risk Retention Program assets all lawful awards by the Workers' Compensation Court, or other court of competent jurisdiction if the award is appealed, against any Member predicated on a claim by an employee of any Member, arising out of and in the course of such claimant's employment. C. Any lawful award entered against a Member shall be a liability of the Workers' Compensation Risk Retention Program of the Authority and a joint and several liability of each Member as 7 provided in this Agreement. D. If the Workers' Compensation Risk Retention Program assets are insufficient to pay the award, the Authority shall individually assess each Member to the extent necessary to pay the award, and the assessment charged each Member shall be determined on a proportionate basis in accordance with each Member's net contribution to the Workers' Compensation Risk Retention Program of the Authority. An assessment shall be a contractual obligation of the Member. Provided that nothing contained in this subparagraph shall be construed as a limitation upon the joint and several liability of each Member. E. The liability of the Workers' Compensation Risk Retention Program of the Authority is specifically limited to such obligations as are imposed by the Workers' Compensation Act and the Occupational Disease Act of the state of Montana. 2.3 Subroqation. Each Member agrees that in the event of the payment of any loss by the Workers' Compensation Risk Retention Program of the Authority under this contract, the Workers' Compensation Risk Retention Program of the Authority shall be subrogated to the extent of such payment to all the rights of the Member against any person or other entity legally responsible for damages for said loss, and in such event the Member hereby agrees to render all reasonable assistance, other than pecuniary, to effect recovery. 8 ~~-- .' 2.4 Purchase of Commercial Insurance or Reinsurance. The Authority may provide a portion of Coverage to the Members by purchase of specific and/or aggregate excess insurance with such self-insurance retentions as at the time are in the best interests of the Workers' Compensation Risk Retention Program of the Authority and the Members. ARTICLE III NEW MEMBER APPLICATIONS, PREMIUM CONTRIBUTIONS PAYMENT, DELINQUENT PREMIUM PAYMENTS, COMMINGLING OF FUNDS PROHIBITED 3.1 New Member A~p1ications. Applications for memberships in the Workers' Compensation Risk Retention Program are submitted on an approved form to the Insurance Coordinator or General Manager. The Board of Directors will consider and act upon each application. Concurrence by a majority of the Board and the Authority's excess insurance carrier is required in order for an applicant to be admitted as a Member. 3.2 Premium Contributions. For members who join the Workers' Compensation Risk Retention Program during calendar year 1986, the premium will be 95% of the premium which would have been payable to the Montana State Compensation Insurance Fund (SCIF) . These premiums shall be computed by multiplying the SCIF rates in effect on January 1, 1986, less 5%, times the estimated payroll for the appropriate rating classifications. The premium so computed will then be modified by the city or town's experience modification in effect at the time of entry. 9 ". For the second program year, and each year thereafter, rates for the appropriate SCIF classification categories shall be adopted by the Board of Directors on a fiscal year basis to be effective July 1, provided that the Board of Directors may make such mid-term adjustments to rates as is appropriate and in the best interests of the Workers' Compensation Risk Retention Program of the Authority and the Members to accomplish the goals of the Workers' Compensation Risk Retention Program in accordance with the Workers' Compensation and Occupational Disease Acts of Montana. The Board of Directors shall set such rates utilizing commonly accepted actuarial principles developed by a qualified actuary or actuaries. These rates shall then be applied to each Member's estimated payroll by rating classification and further adjusted by an experience rating modification. In addition to premium charges to the Members, the Workers' Compensation Risk Retention Program of the Authority will realize investment income which shall be treated as income to the Workers' Compensation Risk Retention Program of the Authority. In establishing the premiums to be charged the Members, the actuary will be instructed to give appropriate credit for anticipated investment income. 3.3 Administrative Costs As Part of Premium. The premiums charged members will be sufficient to secure and pay for the following services: a. General administrative b. Loss prevention c. Claims adjusting and legal defense d. Investment 10 -...-......-...-...- ---.--...... ..".~_.~..~._... n.._ '" e. Legal f. Accounting g. Actuarial h. Risk management consulting i. Brokerage 3.4 Premium PaYments and Special Assessments. Upon joining or renewal of a Member whose membership in the Workers' Compensation Risk Retention Program of the Authority has lapsed, the new or renewing Member shall pay one-fourth of the projected annual premium in advance upon joining or renewal; the balance of the annual premium shall be due in three successive installments of 25%, each payable quarterly or as the Board of Directors may otherwise direct. The obligation of any Member to pay Premium under this Agreement will terminate upon the earliest of the following events: (a) the payment by such Member of all Premium required to be paid as the same shall become due and payable. (b) withdrawal of such Member from the Coverage pursuant to Section 4.2 hereof; (c) expulsion of such Member from Coverage pursuant to Section 4.3 hereof. Provided however, that no such expulsion or withdrawal shall extinguish (i) the obligations of such Member to pay Premium with respect to Coverage Periods of such Member prior to such withdrawal or expulsion, ( ii) the obligations of such Member to pay Special Assessments as provided in Section 3.10 with hereof respect to Coverage Periods of each Member, whether such Special Assessments are imposed either prior or subsequent to such withdrawal or 11 ..---.- ~ expulsion, or (iii) the right to receive the benefits of such Coverage with respect to coverage Periods of such Member prior to such withdrawal or expulsion. Section 3.5 Budqet and Appropriation of premium PaYments. The Member covenants to take such action as may be necessary to include Premium payments payable hereunder in its annual budget. The covenants on the part of the Member herein contained shall be deemed to be and shall be construed to be duties imposed by law and it shall be the duty of each and every public official of the Member to take such action and do such things as are required by law in the performance of the official duty of such official to enable each Member to take such action and do such things as are required by law in the performance of the official duty of such officials to enable each Member to carry out and perform the covenants and agreements in this Agreement agreed to be carried out and performed by such Member. 3.6 Obliqation to Pay Premiums. (a) No Withholdinq. Subject to the provisions of Article V hereof, notwithstanding any dispute between the Workers' Compensation Risk Retention Program of the Authority and a Member, including a dispute as to the scope or nature of Coverage provided by the Workers' Compensation Risk Retention Program of the Authority or the availability of funds to pay Claims made against any Member, or any other reason (other than the termination of the obligation to pay Premium pursuant to Section 3.3 hereof), the Member shall appropriate to pay and make all Premium payments when due and shall not withhold 12 -- --. .~ any Premium payments pending the final resolution of such dispute. (b) Rate on Overdue Payments. In the event a Member fails to make any of the payments required in this Article, the payment in default shall continue as an obligation of the Member until the amount in default shall have been fully paid, and in addition to any remedies available with respect to such default, the Member agrees to pay the same with interest thereon, at the rate of 1% per month until paid, from the date such amount was overdue. (c) Abatement. There shall be no abatement of Premium payments except as provided in Article V hereof. 3.7 Continqencv Reserve. A Contingency Reserve will be established in order to assure that losses can be paid for any year in which premium income is inadequate to cover all losses. This Contingency Reserve will be funded from premiums after all expenses have been paid and reserves established for incurred and incurred-but-not-reported claims. When, in the opinion of the Board, the total Contingency Reserve is large enough that it need not be increased further, neither profits nor investment income on the funds will be added to this reserve. 3.8 Individual Member Accounts. An Individual Member Account in the name of each Member will be established. Such Member Account will be used to identify the current financial condition of each Members' participation in the Workers' Compensation Risk Retention Program of the Authority. The Member Account will contain the premium contribution, investment income, expenses and 13 ----..--- ': charges for claims. The Individual Member Accounts will not be used to segregate funds but, rather, all funds including premium contributions, investment income, profits, payments to the Contingency Reserve and all other assets shall be co-mingled into a single Fund. The Individual Member Accounts are for the purpose of determining each Member's share of funds which: a) may be credited against future premium contributions or payable as dividends; b) shall be payable to each Member who withdraws from the Workers' Compensation Risk Retention Program of the Authority or whose membership is terminated; c) may be charged against each Member to create or restore the Contingency Reserve; d) may be payable to each Member on termination of the Workers' Compensation Risk Retention Program of the Authority. The Individual Member Accounts will represent each Member's share of premiums less claims and expenses which have been made against the Account. 3.9 Annual Computation. within 120 days of the end of each fiscal year, the financial operations of the Workers' Compensation Risk Retention Program of the Authority for the preceding fiscal year shall be computed to determine any profit or loss for the year in order to adjust the Individual Member Accounts and the Contingency Reserve, as well as for those purposes usual to an audit required by the Board of Directors. 14 -..---- . In the event the income of the Workers' Compensation Risk Retention Program for the fiscal year exceeds the expenses, the difference (profit) shall be apportioned as follows: a) One-half (50%) shall be credited to the Contingency Reserve. b) One-fourth (25% ) shall be credited on a pro rata basis to all Members. c) One-fourth (25%) shall be credited to the Individual Member Accounts with favorable loss experience. The term pro rata as used in (b) above means each Member's proportionate contribution of income in relationship to the total income of the Workers' Compensation Risk Retention Program of the Authority without regard to the expenses of the Workers' Compensation Risk Retention Program of the Authority. Income shall include all revenues. However, in the allocation of investment income among the Members, the ratio shall consist of the relationship between each Member's workers' compensation premium contribution for the current year plus the average balance in each Member's Individual Account during the year in relationship to the total of all such premium contributions and the total average Member Account balances. Provided, however, that during the first three full fiscal years, commencing with the fiscal year 1986-1987, the difference (profit) identified herein shall be allocated in its entirety to the Contingency Reserve. 15 3.10 Assessments In The Event of Losses and Expenses In Excess of the Workers' Compensation Risk Retention Proqram of the Authority Funds. In the event the Workers' Compensation Risk Retention Program expenses for the fiscal year exceed premium and interest income, the difference shall be charged to the Contingency Reserve, if funds are available. If funds are not available, the Board of Directors, after receiving the advice of a qualified actuary, may impose a Special Assessment. The total amount of such Special Assessment shall be determined after review by a qualified actuary. Should funds be sUbsequently obtained by the Workers' Compensation Risk Retention Program of the Authority from borrowing or from any other appropriate source for the next fiscal year, then such funds shall be used to pay Claims. In the event of such borrowing of funds by the Workers' Compensation Risk Retention Program of the Authority, the Workers' Compensation Risk Retention Program of the Authority shall advise the Workers' Compensation Division of the Montana Department of Labor and Industry. Any sums expended by the Member in the interim to pay Claims covered by the Workers' Compensation Risk Retention Program shall be reimbursed, if they would otherwise be covered by the Workers' Compensation Risk Retention Program. Provided that nothing in this Section 3.10 shall be construed to limit the joint and several liability of individual members. 16 . '''................- ~~_....~~.....,...._.. .. 3.11 Comminqlinq of Funds Prohibited. Premium contributions, investment income, special assessments, profits or other income paid to or derived from the Workers' Compensation Risk Retention Program of the Authority shall not be commingled with the funds of any other risk retention program which is or may be sponsored, operated, or controlled by the Authority. ARTICLE IV ADMISSION TO, WITHDRAWAL FROM AND EXPULSION FROM THE WORKERS' COMPENSATION RISK RETENTION PROGRAM 4.1 Conditions for providinq Coverage to a New Member. The Authority may provide Coverage to a new Member of the Workers' Compensation Risk Retention Program which is not currently a Member under this Agreement, subject to the following conditions: ( a) such new Member shall be a municipal entity and political subdivision of the state; (b) such new Member shall be signatory to the Interlocal Agreement and member of the Authority; (c) such new Member shall have submitted a completed application for admission to the Workers' Compensation Risk Retention Program of the Authority as may be required by the Board of Directors; 4.2 Riqhts Ueon withdrawal From or Termination of Membershie. Any Member may withdraw from the Workers' Compensation Risk Retention Program of the Authority by giving at least sixty (60) days notice in writing to the Board of Directors of its desire to withdraw, provided the Member has met the three (3) year minimum participation requirement. 17 . . ---- ....._n -....-- In the event a Member withdraws from the Workers' Compensation Risk Retention Program of the Authority in good standing, the Member's account will be calculated as of that date and 10% of the Individual Member's Account will be paid to the Member at that time. At the end of each of the next three years, the Member's Account will be recomputed based upon changes in incurred losses and investment income during the year and at the end of the first year, one-quarter (25% ) of the adjusted balance in the Individual Member's Account will be paid to the Member plus interest on that amount for one year and computed at the then rate of one-year U.S. Treasury Notes. At the end of the second year, the Member shall be paid one-half (50%) of the remaining balance in the Individual Member's Account plus interest on that amount for two years and computed for each of those two years at the rate of one-year U.s. Treasury Notes at the end of each such year. At the end of the third year, the Member shall be paid the remaining adjusted balance in the Individual Member's Account plus interest on that balance for three years computed for each of those three years at the rate of one-year U.s. Treasury Notes at the end of such year. During the three-year period, the remaining balance in the withdrawn members' account shall be subject to the risk of being needed to participate in funding or paying liabilities of the Workers' Compensation Risk Retention Program of the Authority. 18 -.....---.. ~~~.............. ,__~..~_.......~~~""__.. M.'..' ._.._._... .__ ___.. . : . Any Member which withdraws from the Workers' Compensation Risk Retention Program of the Authority or whose membership in the Workers' Compensation Risk Retention Program of the Authority is terminated and is not in good standing shall not be eligible to receive any return from the surplus funds of the Workers' Compensation Risk Retention Program of the Authority until the applicable statutes of limitation shall expire on all open or potential claims for each fiscal year in which the Member was a participant in the Workers' Compensation Risk Retention Program of the Authority. Open claims for this purpose shall mean any situation where notice of injury was given to the Member, whether or not the Member shall have reported the injury. Upon the expiration of the statute of limitations on all open or potential claims for the fiscal year involved, the withdrawing or terminated Member shall then be entitled to receive distributions from its Individual Member's Account according to the schedule provided above. Unearned premium shall be returned to the withdrawing or terminated Member on a short-rate basis. In no event shall withdrawal from Coverage or termination of a Member's participation in the Workers' Compensation Risk Retention Program of the Authority release a Member from its obligation to pay damages resulting from default under the terms of this Agreement, nor shall such withdrawal or termination release a Member from its obligation to pay Premiums or Special Assessments as provided in Section 3.4 hereof. Notice to withdraw shall be revocable 19 .-.-----.--- ...--.-.- _... ___m_ . : only at the option of the Authority. 4.3 Membership Review and Termination Procedure. When, in the determination of the General Manager, a Member has engaged in conduct, other than non-payment of premiums, that warrants review of that Member's membership status, the General Manager shall file a written report with the Board of Directors. Said report shall contain a summary of the facts and the recommendations regarding continued membership status. A copy of the report shall be served by mail to the Member along with a Notice of Meeting of the Board of Directors. Said Notice of Meeting shall include the place, date and time of the meeting. At its discretion, the Board of Directors may submit written questions to the Member, written answers to which must be mailed to the General Manager no later than seven (7) calendar days prior to the date of the hearing. A Member objecting to the report and recommendations of the General Manager shall submit a written statement to the Board of Directors setting out in detail the basis for the objection and any other information the member desires to submit. Said statement must be mailed to the General Manager no later than seven (7) calendar days prior to the meeting. The Board of Directors shall meet at the time and place designated in the Notice of Meeting. The member shall be entitled to be represented at the hearing and present an oral statement and other information. 20 ~"r "..,............~............................-........ ~..~_..".~~", ,..._.~_~..~_.._..~...._'M'.",_,"~... : . FOllowing the hearing, the Board of Directors shall affirm, modify, or reject the recommendation of the General Manager. The Board of Directors shall have the authority to place a Member on probation, the terms and duration of which it shall determine. A copy of the Board of Directors' decision shall be served by mail on the Member. In the event that the Board of Directors votes to terminate membership, such termination shall not take place for at least thirty (30) days after the Member has received notice of the termination. The duration of the notice period shall be determined by the Board. When a Member has failed to pay its premium when due, said Member will be terminated from the Authority without a meeting. Said termination shall be effective at 12:01 a.m. on the 30th day after notice of termination has been received by the Member. The action of the Board of Directors shall be final and binding. In no event shall expulsion of Coverage release a Member from its obligation to pay Premiums with respect to Coverage Periods. 4.4 Obliqation to Notify Workers' Compensation Division upon withdrawal or Termination. Upon withdrawal or termination of a Member, the Authority and the Member shall promptly notify the Workers' Compensation Division of the Montana Department of Labor and Industry. 21 . _.._u_......___. -..-- .-....-.. ....------- : . ARTICLE V ABATEMENT 5.1 Abatement of Participation Premium in the Event of Failure to Pay Settlements. In the event that the Workers' Compensation Risk Retention Program of the Authority fails to pay a Settlement of a Member pursuant to the terms of this Agreement, other than by reason of good faith dispute as to the scope of Coverage, the obligation of the Member to pay any Premium hereunder shall be abated in full. The Obligation of a Member to pay Premium shall otherwise be discharged only in the event of withdrawal of such Member from Coverage pursuant to Section 4.2 hereof, or expulsion of such Member pursuant to section 4.3 hereof. ARTICLE VI JOINT AND SEVERAL LIABILITY 6.1 The Member agrees to assume and guarantee to pay, or otherwise discharge promptly, any and all the liabilities and obligations which the Workers' Compensation Risk Retention Program of the Authority may incur pursuant to the terms of this Agreement and the Workers' Compensation and Occupational Disease Acts of the State of Montana. 6.2 This Agreement represents a direct financial guarantee to the employees of all Members of the Workers' Compensation Risk Retention Program of the Authority and dependents of the deceased employees of all Members of the Workers' Compensation Risk Retention Program of the Authority for the full amount of any and all liabilities or obligations on amounts not limited to this Member's 22 ~ . ARTICLE VII INSPECTION OF FACILITIES AND EQUIPMENT; SAFETY CONSIDERATIONS AND NOTIFICATION OF ACCIDENT 7.1 Inspection of Fa cilities. Equipment and Records. The Board of Directors and any of their agents, employees or attorneys shall be permitted at all reasonable times to inspect the work places, plants, works, machinery and appliances covered by this Agreement and shall be permitted at all reasonable times to examine Members' payroll, personnel, injury and accident records, and Members' books, vouchers, contracts, documents and records of any and every kind which show or tend to show or verify the premium which is payable under the terms hereof. This right to inspect or examine shall continue after termination of membership with respect to all claims or matters arising during or relating to membership status. 7.2 Safety Considerations. Each Member must follow the safety recommendations of the Board of Directors and the service company or any other agent of the Authority in order to provide safe and sanitary working conditions. 7.3 Notification of Accident and Reimbursement to Authoritv for Penalty. Each Member must give immediate notification to the claims adjuster on the prescribed forms of any accident and reported claim for any benefits whatsoever payable under the Workers' Compensation and Occupational Disease Acts. 24 ------ .. m _ _..... _____._.__ _ ._.__... .nn_. .-- - -. ------ . --.---..------------.-.. . : . Any penalty levied for failure to pay compensation benefits, medical expenses or travel allowances resulting from a Member's failure to give timely notice to the claims adjuster of an accident or claim for any benefits as heretofore described may, by a vote of a majority of the Board of Directors, be assessed against the Member. ARTICLE VIII PROHIBITION OF UNAUTHORIZED PAYMENTS; PENALTY FOR EMPLOYMENT WITHOUT WORKERS' COMPENSATION COVERAGE 8.1 Prohibition of Unauthorized Payments By Members. No Member shall make voluntary payment of weekly benefits or medical expenses or enter into any agreement with any employee or his agent committing payment or admitting liability for any workers' compensation benefits as provided in the Workers' Compensation and Occupational Disease Acts without the prior approval of the Board of Directors or its designated service company. Any Member making such voluntary payments or entering into such an agreement may, by a vote of a majority of the Board of Directors, be held individually and separately liable for reimbursement to the Workers' Compensation Risk Retention Program of the Authority for all benefits and medical expenses paid or committed. 8.2 Penalty for EmDlovment of Persons without Workers' Compensation Coveraqe. No Member shall contract with any person, including contractors or subcontractors, who has not produced evidence of current workers' compensation insurance according to the provisions of the Workers' Compensation and Occupational 25 . . ~ , Disease Acts. Any Member who contracts with any person who does not have current workers' compensation insurance will be charged an additional non-discounted premium based upon the full amount of the contract. ARTICLE IX 9.1 Aqreements with Service Providers. The Board of Directors have approved agreements with various service companies to provide the following services: A) Assist the Authority in securing specific and aggregate excess insurance. B) Inspect the work places, operations, machinery and equipment owned or operated by the participating Members of the Workers' Compensation Risk Retention Program of the Authority. C) Compile and file notices and reports required under the Workers' Compensation and Occupational Disease Acts upon receipt of initial report from either the Authority or any participating Member; conduct any necessary investigation in order to determine the liability of the participating Member under the Workers' Compensation and Occupational Disease Acts; and, process any and all lawful claims under rules established by the Division and the Board of Directors. D) Furnish the Authority and participating Members in the Workers' Compensation Risk Retention Program with periodic reports of all accidents and occupational disease, and of all payments made and reserves set up for benefits and expenses on account of liability and/or reasonably anticipated liability for accidental 26 _"."~~~.'~_",'___m~~... _. ~.,,'.._' '~. . ~~."._._, ,._, "_~__,"'. ~',~._ . . . . injuries and occupational diseases sustained by employees. E) Adjust the normal premium payable by participating Members in the Workers' Compensation Risk Retention Program by allowing for favorable or unfavorable experience so as to determine and assign premium modifications for each Member in the Workers' Compensation Risk Retention Program annually in accordance with rules established by the Montana Workers' Compensation Division and with policies established by the Board of Directors. F) Bill for and maintain records of all premium payments to the Workers' Compensation Risk Retention Program of the Authority in accordance with such rules as the Board of Directors adopt. G) Make annual payroll audits of participating Members in the Workers' Compensation Risk Retention Program. H) Prepare on behalf of the Authority and the participating Members in the Workers' Compensation Risk Retention Program for all scheduled hearings and generally administer all other details pertaining to participating Members' obligations to their employees under the Workers' Compensation and Occupational Disease Acts. L) Perform such other related services as may be reasonably necessary for the operation of the Workers' Compensation Risk Retention Program of the Authority. ARTICLE X MISCELLANEOUS 10.1 Notices. All notices, bonds or other comm unications hereunder shall he sufficiently given and shall be deemed to have been received five business days after deposit in the united 27 --.--.-. --- . . I states mail in certified form, postage prepaid, to the Members, the Authority at the following addresses: If to the Member: City of Bozeman P.O. Box 640 Bozeman. Montana 59715 If to the Authority: Montana Municipal Insurance Authority Attn: Workers' Compensation Risk Retention Program P.O. Box 1704 Helena, Montana 59624 The Authority and Members, by notice given hereunder, may designate different addresses to which subsequent notices, bonds or other communications will be sent. 10.2 Bindinq Effect. This Agreement shall inure to the benefit of and shall be binding upon the Authority and the Members and their respective successors and assigns. 10.3 Enforceabilitv. This Agreement is enforceable by the Authority, Members of the Workers' Compensation Risk Retention Program, the employees of such Members, and/or the Division of Workers' Compensation of the state of Montana. The undersigned is held and firmly bound for the payment of all legal fees and costs incurred by the state of Montana in any actions taken to enforce this Agreement. 10.4 Severability. In the event any provision of this Agreement shall be held invalid or unenforceable by a court of competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision hereof. 28 -...---.. ----- --------- . .. -.-.-.----. .. , . . 10.5 Further Assurances and Corrective Instruments. The Authority and the Members agree that they will, from time to time, execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, such supplements hereto and such further instruments as may reasonably be required for correcting any inadequate or incorrect description of the Coverage hereby provided or intended so to be or for carrying out the expressed intention of this Agreement. 10.6 waiver of Notice as to Current Condition of Authoritv. The Member waives any notices as to the current condition of said Authority, insurance plan, any changes therein, and the manner of conducting or closing said guaranteed plan or otherwise. The Undersigned also waives, in the event of non-compliance by the Authority, any demand or notice in respect thereof and any requirement of legal or equitable proceedings or otherwise on the part of the Division against the Authority as a condition precedent to enforcing the obligations of the Member hereunder. 10.7 Execution in counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. 10.8 Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State. 29 ."'-'- . ....----...-- "- . ) IN WITNESS WHEREOF, The Authority has caused this Agreement to be executed in its name by its duly authorized officers; and the Members have caused this Agreement to be executed in its name by its duly authorized officers, as of the date first above written. MONTANA MUNICIPAL INSURANCE AUTHORITY, as Authority J By ~4-~;r,:~ ..../. INSURANCE COORDINATOR , CITY OF BOZEMAN, MONTANA as er L. l,J / B~-- . "- ATTEST: r?~ J ~ Clerk of the Commission 30 . ...--