§ 27A-105. Limits on amount of withdrawals for program claims.

(a)

The aggregate amount of withdrawals from the fund to pay all corporate general liability claims that arise from any one (1) occurrence may not exceed the following amounts for the following respective classifications of corporate general liability claims:

(1)

For personal injury claims: $250,000.00 per person/$500,000.00 per occurrence;

(2)

For property damage claims: $100,000.00 per occurrence;

(3)

For advertising injury claims: $250,000.00 per person/ $500,000.00 per occurrence;

(4)

For regulatory injury claims: $100,000.00 per occurrence.

(b)

The aggregate amount of withdrawals from the fund to pay all assumed general liability claims that arise from any one (1) occurrence may not exceed five hundred thousand dollars ($500,000.00).

(c)

The aggregate amount of withdrawals from the fund for any one (1) annual period to pay program general liability claims may not exceed one million dollars ($1,000,000.00).

(d)

Subject to subsection (f) of this section, the aggregate amount of withdrawals from the fund to pay workers' compensation payments that arise from any one (1) occurrence may not exceed five hundred thousand dollars ($500,000.00).

(e)

Subject to subsection (f) of this section, the aggregate amount of withdrawals from the workers' compensation fund for any one (1) annual period to pay workers' compensation payments may not exceed one million dollars ($1,000,000.00).

(f)

A withdrawal from the funds may be made that causes the limit on aggregate withdrawals prescribed by subsections (d) or (e) of this section to be exceeded if such withdrawal does not render the fund actuarially unsound, as determined by a professional actuary.

(Ord. No. 5847, § 1(3.05), 8-23-90)