§ 27A-87. Risk retention policy.  


Latest version.
  • It is the policy of the city, subject to budgetary and general economic conditions, to self-insure against program risks (other than excluded payments) through the fund and to provide such self-insurance by depositing money into the fund in amounts sufficient, under actuarial determinations, to provide for the defined self-insurance coverages prescribed by the program ordinance. It is further the policy of the city, under the appropriate conditions, to obtain program insurance as provided by section 27A-123 of this article.

(Ord. No. 5847, § 1(2.07), 8-23-90)