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HomeMy WebLinkAboutRESOLUTION - 93-86 - 11/25/1986 - HIGH LEVEL EXCESS LIABILITY POOL HELP RESOLUTION NO. 93-86 A RESOLUTION AUTHORIZING MEMBERSHIP IN THE HIGH-LEVEL EXCESS LIABILITY POOL (HELP) WHEREAS, Section 10 of Article VII of the Illinois Constitution of 1970 authorizes units of local government to contract or otherwise associate among themselves in any manner not prohibited by law or by ordinance; and WHEREAS, Chapter 127, Section 741, et seq. , Illinois Revised Statutes, entitled the "Intergovernmental Cooperation Act," authorizes public agencies to exercise any power or powers, privileges or authority which may be ex- ercised by such public agency individually to be exercised and enjoyed jointly with any other public agency in the State; and WHEREAS, the Intergovernmental Cooperation Act in Section 746 in furtherance of the provisions contained within Article VII, Section 10 of the Constitution authorizes an intergovernmental contract which among other undertakings allows public agencies to jointly self-insure and authorizes each public agency member of the contract to utilize its funds to protect, wholly or partially, any public agency member of the contract against liability or loss in the designated insurable area; and WHEREAS, Chapter 85 of the Illinois Revised Statutes authorizes multi-year contracts for joint self-insurance and allows self-insured governments to assert a range of immunities; and WHEREAS, units of local government within Illinois have found it in- creasingly difficult to purchase excess insurance from commercial sources and where such insurance is available the costs of such coverage often exceeds the ability of the units of local government to pay for such insurance; and WHEREAS, many governmental bodies are capable of self-insuring or con- ventionally insuring risks below one million dollars, but require the par- ticipation of other governmental bodies to deal with infrequent but catastro- phic claims above one million dollars; and WHEREAS, a number of municipalities have studied the possibility of creating a joint self-insurance pool to provide coverage for its members above claims which at the commencement date of the Agency will be $1,000,000.00; and WHEREAS, the Members of the proposed Agency, including this municipality, are prepared to individually fund a self-insured retention amount of $1,000,000.00 which they may fund through individual self-insurance, conventional insurance or membership in a self-insurance pool; and WHEREAS, the Corporate :authorities of this municipality acknowledge that the concept of an excess insurance pool requires each Member to assume the obligation for all claims below the high-level excess self-insurance amount at which the Agency will commence its coverage; and WHEREAS, the Corporate Authorities recognize that membership in such a pool requires a multi-year commitment and an obligation to fund claims made against the Members of the Pool for an extended period of time after the occurrence of the incident which caused the claim to be made; and WHEREAS, the Corporate Authorities have reviewed the Contract and By-Laws of the proposed High-Level Excess Liability Pool and find that the goals of that organization and the obligations imposed upon this municipality are in accordance with the philosophy and public policy objectives of this com- munity; and WHEREAS, self-insurance pools have successfully served the needs of Illinois governmental bodies since at least January 1, 1979; and WHEREAS, the Corporate Authorities of this public body find that it is in the best interest of its citizens that it become a Member of the High- Level Excess Liability Pool. NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of the Village of Elk Grove Village, Counties of Cook and DuPage, State of Illinois. Section 1: That the Village President and Village Clerk are hereby authorized to execute on behalf of the municipality the Contract and By-Laws of the HIGH-LEVEL EXCESS LIABILITY POOL (hereinafter "Agency") . A copy of the Contract and By-Laws is appended to and made a part of this Resolution as Appendix 1. Section 2: The powers of the Agency, unless the Contract and By-Laws be amended, shall be limited to those contained within Appendix 1. Section 3: The commencement of the operations of the Agency and the obligation of this municipality to fully participate in such operations shall be effectuated in 'accordance with the Contract and By-laws. - 2 - Section 4: Except to the extent of the limited financial (:ontributions to the Agency set forth in the Contract and By-Laws, this municipality by its entry as a Member of the Agency shall not be held responsible in any way for the claims in tort made against any other Member of the Agency; and the financial obligations are limited to the payment of claims above the self- insured retention with claims and costs below this amount individually assumed by each Member. Section 5: That this Resolution shall be in full force and effect from and after its passage and approval according to law. VOTES: AYES: 5 NAYS: 0 ABSENT: 1 PASSED this 2 th day of November 1986. APPROVED this 25th day of November 1986. Charles J. Zettek Village President ATTEST: Patricia S. Smith Village Clerk 3 - H. F - . P . 10/10/86 CONTRACT AND BY-LAWS HIGH-LEVEL EXCESS LIABILITY POOL I N D E X Page No. 1 ARTICLE I. Definitions and Purpose. 7 ARTICLE II. Powers. 9 ARTICLE III. Participation and Term. 12 ARTICLE IV. Commencement of the Agency. 13 ARTICLE V. Board of Directors . 24 ARTICLE VI. Board of Directors Meetings. 26 ARTICLE VII. Finances and Risk Management Pool. 36 ARTICLE VIII. Scope and Amount of Loss Protection. 40 ARTICLE IX. Obligations of Members. 44 ARTICLE X. Liability of Board of Directors or Officers. 46 ARTICLE XI. Additional Coverage. 47 ARTICLE XII. Optional Defense by Member. 50 ARTICLE XIII. Contractual Obligation. 52 ARTICLE XIV. Host Member 53 ARTICLE XV. Expulsion of Members. 56 ARTICLE XVI. Termination of the Agency. APPENDIX 1 CONTRACT AND BY-LAWS HIGH-LEVEL EXCESS LIABILITY POOL ARTICLE I. Definitions and Purpose. DEFINITIONS: As used in this agreement, the following terms shall have the meaning hereinafter set out: AGENCY - The High-Level Excess Liability Pool (H.E.L.P. ) established pursuant to the Constitution and the statutes of this State by this intergovernmental agreement. ANNUAL PAYMENT - The minimum amount a MEMBER shall be obligated to pay to the AGENCY during a fiscal year. CLAIMS ADMINISTRATOR - A person or group of persons who either as employees or independent contractors are employed to administer the claims made against the MEMBERS. CONVENTIONAL INSURANCE - Insurance coverage which may from time to time be purchased by or through the AGENCY from an insurance company approved by the Department of Insurance to write such coverage in Illinois for risks which the MEMBERS determine will not be covered or be entirely covered by the JOINT RISK MANAGEMENT POOL; also excess insurance. DEBT INSTRUMENTS - Bonds , letters of credit, loan agree- ments, or other documents by which funds are borrowed N . E . L. P . 1 „ L') 6 by the AGENCY or by a MEMBER of the AGENCY to fund in whole or in part the Joint Risk Management Pool. HOST MEMBER - A MEMBER of the AGENCY which issues or becomes principally obligated for a debt instrument. JOINT RISE MANAGEMENT POOL - A fund of public monies established by the AGENCY to provide risk management services, administer and jointly self-insure certain claims within an agreed scope, to purchase conventional insurance where such coverage is available in reasonable amounts and, where issued, to repay debt instruments and to pay other costs within the purposes of the AGENCY; also RISK MANAGEMENT POOL. JOINT SELF-INSURANCE - A self-insurance program in which MEMBERS agree to contribute annual, and where required, supplementary payments and other required payments such as interest payments to support the costs of administra- tion, a risk management program and a joint risk management pool. MEMBERS - Units of local government and joint contractual agencies composed of units of local government which initially or later enter into the intergovernmental con- tract established by this intergovernmental agreement. POOL CONTRIBUTION FORMULA - A formula approved by the Board of Directors which will establish the amount of required annual payment to the AGENCY. -2- RISK MANAGEMENT - A program attempting to reduce or limit injuries to persons or property caused by the operations of MEMBERS. STEERING COMMITTEE - A committee organized to bring about the creation of the AGENCY. Documents or funds to be sent to the Steering Committee should be sent to: George Coney Steering Committee Chairman High-Level Excess Liability Pool c/o Village of Elk Grove Village 901 Wellington Avenue Elk Grove Village, Illinois 60007 SUPPLF4ENTARY PAYMENTS - Payments which may be called for, in accordance with the Contract and By-Laws, by the Board of Directors from time-to-time if the amount of the annual payment is insufficient to fund the AGENCY. PURPOSE: The AGENCY is a cooperative agency voluntarily established by contracting units of local governments and similar govern- mental entities as defined in the Illinois Constitution of 1970 pursuant to Article VII, Section 10 of the 1970 Constitu- tion of the State of Illinois, Chapter 85 , Sections 1-101 through 9-107 , and Chapter 127 , Section 746 of the Illinois Revised Statutes for the purpose of seeking the prevention or lessening of liability claims for injuries to persons or property or claims for errors and omissions made against the MEMBERS and other parties included within the scope of coverage of the AGENCY. -3- H. E . L . ° . It is the intent of the MEMBERS of the AGENCY to create an entity which will administer a joint risk management pool and utilize such funds contributed by the MEMBERS to defend and protect, in accordance with these By-Laws, any MEMBER of the AGENCY and other parties against stated liability. Such By-Laws shall constitute the substance of a contract among the MEMBERS. All funds contained within the Risk Management Pool are funds directly derived from its Members which are units of local government or similar governmental entities within the State of Illinois . It is the intent of the parties in entering into this agreement that, to the fullest extent possible, the scope of risk management undertaken by them through a joint self-insurance program using governmental funds shall not waive, on behalf of any local public entity or public employees as defined in the Local Governmental and Governmental Employees Tort Immunity Act, any defenses or immunities therein provided. Specifically, the MEMBERS of this AGENCY intend to effect no waiver of immunities through their contribution of public funds retained within the risk management pool. Such contribu- tions being reserves to protect against uninsured risks in accordance with Chapter 127, Section 746, are not intended to constitute the issuance of a policy for insurance coverage, (by an insurance company authorized by the Department of Insur- ance to write such coverage in Illinois) , as provided in Chapter -4- H . E7 i0 ' iV96 85 , Section 9-103 of the Illinois Revised Statutes . Nor do the MEMBERS, if permitted by law, intend to waive any immunities by the purchase of conventional insurance by the AGENCY. In order to give the MEMBERS the ability to partially pre-fund the joint risk management pool, through the possible sale of debt instruments , it is necessary to establish a term for the AGENCY which is long enough to permit the sale and retirement of debt instruments payable over a period of up to the term of the AGENCY to be retired by the commitment of the MEMBERS to make payments . In addition, by entering into a contract which will provide some coverage on an occur- rence basis , even if the claim is filed at some time after eleven years from the date of the commencement of this contract, the MEMBERS state and acknowledge their continuing contractual obligations arising out of occurrences which take place during the term of this contract. In creating an excess self-insurance pool, the MEMBERS of this AGENCY are entering into a type of intergovernmental contract which has not previously existed in Illinois . In forming such an AGENCY, the MEMBERS state and acknowledge that the AGENCY has no responsibility for the payment of claims for amounts less than the level at which the scope of coverage of this AGENCY shall from time to time commence. The scope of coverage to be provided by the AGENCY is excess coverage to commence only after the MEMBER or some other party on behalf of the MEMBER has fully paid the amount of its self-insured -5- retention. At the commencement of the term of the AGENCY, the amount of that retention is $1, 000 , 000 , per occurrence. The AGENCY, always subject to any limit on aggregate payments , shall not be obligated to expend any funds or pay any claim until the MEMBER, or some party on behalf of the MEMBER, has paid $1, 000 , 000, including costs of defense, for each occurrence against which a claim is made against the assets of the AGENCY. -6- H. P . IJ/113/d6 ARTICLE II. Powers . The powers of the AGENCY to perform and accomplish the purposes set forth in Article I shall, within the budgetary limits and procedures set forth in these By-Laws, be the fol- lowing: (a) To employ agents, employees and independent contrac- tors, (b) To lease real property and to purchase or lease equip- ment, machinery, or personal property necessary for the carrying out of the purpose of the AGENCY, (c) To carry out educational and other programs relating to risk reductions, (d ) to cause the creation of, see to the collection of funds for, and administer a joint risk management pool and to repay debt instruments of the AGENCY, its MEMBERS, or both, (e) To purchase conventional insurance to supplement the joint risk management pool, (f ) To establish reasonable and necessary loss reduction and prevention procedures which shall be followed by the MEMBERS. It is the intent of the MEMBERS -7- ., . _ . L . P . that the use of this power shall be exercised with discretion with a goal of undertaking oversight re- sponsibilities rather than the direction by the AGENCY of the day-to-day operations of a MEMBER, (g) To provide risk management services, and, where re- quired, the investigation, defense, litigation, or settlement of claims , (h) To admit and expel MEMBERS as provided herein, (i ) Solely within the budgetary limits established by the MEMBERS to carry out such other activities as are necessarily implied or required to carry out the purposes of the AGENCY specified in Article I or the specific powers enumerated in Article II. -8- ARTICLE III . Participation and Term. All MEMBERS of the AGENCY, except for those whose member- ship is terminated in accordance with the expulsion provisions of Article XV, and such extension of the term as may be made if the fiscal year of the AGENCY is changed, shall remain MEMBERS of the AGENCY for a period of eleven (11 ) years after the AGENCY shall have commenced its operations . New MEMBERS, including those units of local government listed in Appendix A, which do not join at the inception of the AGENCY, shall be admitted only by a two-thirds ( 2/3 ) affir- mative vote of the entire membership of the Board of Directors and subject to the payment of such funds and under such condi- tions as the Board shall in each case or from time to time establish. Provided further that before new MEMBERS may be admitted these by-laws will be amended to provide for the method by which the payments received from new MEMBERS will be used in the JOINT RISK MANAGEMENT POOL and the manner in which such new MEMBERS will receive the payment of any funds available after all claims have been paid or provision has been made for the payment of all claims . -9- N . L . P . L It is anticipated that within the first year of the term of the AGENCY, the amount of coverage as specified in Article VIII to be provided will be increased to not less than $5 , 000 , 000 per occurrence and in the aggregate for each MEMBER. This increased amount of coverage is expected to be backed by the issuance of bonds by a host MEMBER, the pro- curement of a Letter of Credit, or through some other debt instrument. In the event that the amount of coverage provided by the AGENCY should not be increased to at least $5 ,000 ,000 per occurrence and in the aggregate during the first year of its term or to commence at the beginning of the second year, any MEMBER of the AGENCY may withdraw from the AGENCY by giving written notice to the Chairman of the Board of Direc- tors within fifteen ( 15 ) days after the close of the first fiscal year. Such withdrawal shall relate back to the end of the first fiscal year. In addition, if the AGENCY should vote to increase its scope of coverage to not less than $5 , 000, 000 at some time during the first fiscal year and should require all MEMBERS to execute documents providing in more detail the manner in which they shall be obligated to pay their propor- tional share of the retirement or repayment of a debt instru- ment, a MEMBER may withdraw from the AGENCY by refusing to execute such documents. Such withdrawal shall be effective at the date that the AGENCY shall increase the amount of its coverage, but in no case later than the end of the first fiscal year. Any MEMBER which withdraws from the AGENCY in the manners -10- F . F . L . p , i^ specified above shall, however, be responsible for its propor- tional share of claims within the scope of coverage of the AGENCY as it existed prior to the effective date of its with- drawal. The proportional share due from that MEMBER shall be that proportion which its annual payments bear to those annual payments of all of the other MEMBERS. -11- H. E . L. P. 10/10/86 11/14/86 ARTICLE IV. Commencement of the Agency. The AGENCY will commence its term at 12 : 01 a.m. on January 1, 1987 , if: by December 15, 1986, there has been deposited with the Steering Committee resolutions or ordinances approving the Contract and By-Laws of the AGENCY by at least ten ( 10 ) of the governmental bodies , the names of which are set forth in Appendix A, obligating themselves to become MEMBERS of the AGENCY in accordance with these By-Laws , and to pay in the first fiscal year annual payments totalling at least $1, 100 , 000. 00 . At the time that the submission of the resolution or ordinance approving the Contract and By-Laws of the AGENCY is sent to the Steering Committee, the MEMBERS shall enclose a check in the amount of 508 of the first year ' s initial payment to the AGENCY as is shown on Appendix A. The other 508 shall be due within 30 days after the AGENCY commences its term. Provided, however, that if necessary to produce at least $1, 100 , 000 . 00 , each MEMBER which signs the Contract and By-Laws shall be obligated to increase its second installment payment to a total annual payment not more than 108 higher than the amount shown on Appendix A. If the required acts necessary to bring about the commence- ment of the AGENCY have not occurred by December 15 , 1986 , the obligation of those governmental bodies which have passed the resolution or ordinance to become a MEMBER of the AGENCY shall cease and all funds sent to the Steering Committee will be returned with any interest earned. -12- H . c I . P . 1.i: IJ �� ARTICLE V. Board of Directors . (a ) There is hereby established a Board of Directors of the AGENCY. Each MEMBER shall appoint one ( 1 ) person to represent that body on the Board of Directors along with another person to serve as an alternate representative when the initial representative is unable to carry out that representative ' s duties . The representative and alternate shall be appointed in the same manner as other appointive officers are selected when no specific method for such office is established by statute. Once such appointments are made known to the AGENCY the persons appointed shall remain in office until the AGENCY receives evidence of the appointment of other persons . The AGENCY shall be the judge of the proper appointment of representatives and alternates to the Board of Directors and shall utilize in case of dispute general principles of Illinois law. The representative and alternate selected need not be elected officials of the MEMBER. It is anticipated, but not required, that persons chosen to serve on the Board will have responsibilities within their MEMBER community for some management duties relating to the AGENCY. -13- The Board of Directors shall select from among the representatives a Chairman, Vice Chairman, Secre- tary and Treasurer. In the first fiscal year of the AGENCY, these persons shall be selected during the first quarter of the fiscal year to serve terms of two ( 2 ) years from the commencement date. There- after, they will be selected during the final quarter of the appropriate fiscal year to serve two year terms commencing at the start of the next fiscal year. No' person may serve as Chairman of the Board of Directors for more than two ( 2 ) consecutive full two-year terms . The Chairman shall be the chief executive officer of the AGENCY. The Chairman shall preside at all meetings of the Board and the Executive Committee at which the Chairman is present. The Chairman may request information from any officer of the Board or the AGENCY or any employee or independ- ent contractor of the AGENCY. The Chairman shall vote on all matters that come before the Board or Committees on which the Chairman serves. The Chairman shall be a non-voting ex-officio member of all commit- tees of the AGENCY on which the Chairman does not directly serve. The Chairman shall have such other powers as are set forth in these By-laws and such -14- F . _ . other powers as he may be given from time to time by action of the Board. The Vice Chairman shall carry out all duties of the Chairman of the Board during the absence or inabil- ity of the Chairman to perform such duties and shall carry out such other functions as are assigned from time to time by the Chairman or the Board of Directors . The Treasurer shall have charge and custody of and be responsible for all funds and securities of the AGENCY; receive and give all receipts for moneys due and payable to the AGENCY from any source whatso- ever; deposit all such moneys in the name of the AGENCY in such banks, savings and loan associations or other depositories as shall be selected by the Board of Directors; invest the funds of the AGENCY as are not immediately required in such investments as the Board of Directors shall specifically or gener- ally select from time to time; and maintain the finan- cial books and records of the AGENCY. Provided, however, that all investments of AGENCY funds shall be made only in the manner permitted to an Illinois home rule community. The Treasurer shall, in general, perform all the duties incident to the office of Treasurer and such other duties as from time to time may be assigned to him by the Board of Directors. -15- - The Secretary shall keep the official records of the AGENCY. The Secretary shall see to the keeping of the minutes of meetings of the AGENCY and shall retain past financial records of the AGENCY. The Secretary shall see to the sending of all notices required by these By-Laws and shall carry out other clerical duties of the AGENCY. The AGENCY shall purchase a bond in the cumulative amount of at least $2,500, 000. 00 to assure the fidelity of the Chairman and Vice Chairman of the Board, the Treasurer and any other officer, committee member, or employee who shall have the right to authorize the transfer or payment of AGENCY funds. Without amending these By-Laws, the Board of Directors, by motion, may increase the amount of the bonds or the persons covered. The Board may select a financial institution to carry out some or all of the functions which would otherwise be assigned to a Treasurer and may select a risk management company or agent to serve as claims administrator. The Board may also employ persons or companies as independent contractors to carry out some of the functions of officers of the AGENCY. The Board of Directors may from time to time establish other officers of the Board and may elect a representa- tive on the Board to serve in any of such offices. -16- H . F P . 10!10 'Q5 The Board shall fill any vacancies which may occur in any offices for the remainder of the term. (b) The Board of Directors shall determine the general policy of the AGENCY which policy shall be followed by the AGENCY officers , agents , employees and indepen- dent contractors employed by the AGENCY. Among other items, it shall have the responsibility for ( 1) Hiring of AGENCY officers , agents, employees and independent contractors ; ( 2 ) Setting of compensation for all persons, firms and corporations employed by the AGENCY; ( 3 ) Setting of fidelity bonding requirements for officers, employees or other persons; ( 4) Approval of amendments to the By-Laws; (5 ) Approval of the acceptance of new MEMBERS and expulsion of MEMBERS; ( 6 ) Approval and amendment of the annual budget of the AGENCY; ( 7 ) Establishment and amendment of the scope and amount of pooled self-insurance coverage offered by the AGENCY; ( 8 ) Resolution of disputes over the scope of pooled self-insurance coverage provided by the AGENCY; ( 9 ) Approval of educational and other programs relating to risk reduction; ( 10 ) Approval of reasonable and necessary loss reduction and prevention procedures which shall be followed by all MEMBERS; (11) Purchase of conventional insurance; ( 12 ) Authorization to a host MEMBER to issue debt instruments when all other contractual prerequi- -17- F. L sites for such issuance have been effected; ( 13 ) Approval of annual and supplementary payments to the Risk Management Pool for each MEMBER; ( 14 ) Approval of rules and regulations regarding the payout of funds from the Risk Management Pool as shall from time-to-time seem appropriate. (c) Each MEMBER shall be entitled to one ( 1) vote on the Board of Directors. Such vote may be cast only by the designated representative of the MEMBER or in the representative 's absence, by an alternate selected by the MEMBER in the same manner as specified for the selection of the principal representative . No proxy votes or absentee votes shall be permitted. Voting shall be conducted by voice vote unless one ( 1) or more MEMBERS of the Board of Directors shall request a roll call vote; provided, however that : 1. Any vote which requires a greater than majority vote for passage shall be by roll call vote, and 2. Any member of the Board who abstains or casts a vote in a minority position on a matter upon which a voice vote is taken may have that vote specifically recorded in the minutes by indicating such desire to the presiding officer. (d) The representative selected by the MEMBER shall serve until a successor has been selected. The representa- -18- tive chosen by the MEMBER may be removed in the same manner as other non-tenured appointive officers within the MEMBER. In the event that a vacancy occurs in the representative or alternate representative selected by the Corporate Authorites of a MEMBER, that body shall appoint a successor. The failure of a MEMBER to select a representative or the failure of that person to participate shall not affect the responsibi- lities or duties of a MEMBER under this Contract. (e) The Board of Directors shall have the power to esta- blish both standing and ad hoc committees. It is contemplated that the AGENCY will have at least the following standing committees : Finance, Risk Manage- ment, Claims Review and Membership and Revenue. The Chairman of the Board may also establish ad hoc committees which do not conflict with those established by the Board. Unless the Board of Directors shall establish some other procedure, the selection of members of the Board of Directors who shall serve on such committees and chair them shall reside with the Chairman of the Board of Directors, but such decisions shall be confirmed by the Board. The Chair- man may make interim appointments to fill vacancies which occur between Board meetings. The Board of Directors may assign to a committee the authority to authorize the expenditure of funds -19- h. r L . F . for administrative expenses , but the settlement of claims or suits to be paid from the joint risk manage- ment pool shall be decided by the Board of Directors , except as the Board shall specifically assign in whole or in part such function to a person or com- mittee. The Board of Directors shall create an Executive Committee. That Executive Committee shall at a minimum consist of the Chairman and Vice Chairman of the Board, the Treasurer, the representative or alternate of any host MEMBERS, and the Chairman of the other standing committees of the AGENCY along with other persons . The Executive Committee shall make recommenda- tions to the Board and shall undertake other functions as the Board shall assign. (g) A quorum shall consist of a majority of the MEMBERS of the Board of Directors . Except as provided in Subsection (h) , herein, or elsewhere in these By-Laws, a simple majority of a quorum shall be sufficient to pass upon all matters. (h) A greater vote than a majority of a quorum shall be required to approve the following matters : (i) Such matters as the Board of Directors shall establish within its rules as requiring for passage a vote greater than a majority of a quorum, provided, however, that such a rule -20- E . 7 L . P . 10/ LO/or can only be established by a greater than a majority vote at least equal to the greater than majority percentage within the proposed rule. (ii ) The approval of the payment of the settlement of claims from the joint risk management pool shall require the concurrence of a majority of the entire membership of the Board of Direc- tors. By such a vote, the Board of Directors may also establish procedures whereby in cases where a rapid decision on the terms of a prospec- tive settlement must be made, a committee or person may approve settlements in an amount higher than that previously authorized by the Board. (iii ) The admission of a new MEMBER and the expulsion of a MEMBER shall require at least the concur- rence of two-thirds (2/3 ) of the entire member- ship of the Board of Directors. (iv) The purchase of excess or aggregate insurance shall require at least the concurrence of two- thirds (2/3 ) of the entire membership of the Board of Directors . (v) Any amendment of these By-Laws except as provided in Subsection (vi ) below, shall require at least the concurrence of two-thirds (2/3 ) of the entire membership of the Board of Directors . -21- E . L . P . c5 (vi ) The amendment of these By-Laws to cause the termination of this agreement sooner than eleven (11 ) years after its commencement but only if any debt instruments issued have been entirely paid or provision has been made for their payment , or the amendment of these By-Laws to cause a modification of more or less than the high or low range of the debit-credit formula, as provided for in Article VII(i ) , or the modifi- cation of the scope or amount of coverage of the AGENCY and the authorization to a host MEMBER which has specifically agreed by resolu- tion of its corporate authorities to obligate itself to execute a debt instrument shall require that specific written notice of the proposed change be sent by registered or certified mail to the chief executive officer of the MEMBER and to the regular and alternate representative , of the MEMBER on the Board of Directors , no less than ten ( 10 ) days prior to a meeting at which this matter is proposed and that the amendment as proposed or as amended at a Board meeting shall require concurrence of at least two-thirds (2/3) of the entire membership of the Board of Directors . -22- e . � . . F . 1). � � (i ) No one serving on the Board of Directors shall receive any salary or other payment from the AGENCY. Any salary, compensation, payment or expenses for such representative, shall be paid by each MEMBER separate from this Contract. Provided, however, that the Chairman of the Board, Vice Chairman, Treasurer and Secretary and such other Board officers as are given by the Board of Directors a right to reimbursement may submit to the Board of Directors for its approval claims for reimbursement of expenses incurred in the pursuit of their positions as officers of the AGENCY. The reimbursement for such expenses shall include amounts advanced on behalf of the AGENCY either by the officer himself or by a MEMBER of the AGENCY. A host MEMBER may be compensated for agreeing to issue or issuing a debt instrument, be reimbursed for expenses or be granted credits for sums otherwise due the AGENCY. -23- H . ' P . 10/ do ARTICLE VI . Board of Directors Meetings . (a) Regular meetings of the Board of Directors shall be held at least three ( 3 ) times a year. The dates of regular meetings of the Board shall be established at the beginning of each fiscal year. Any item of business may be considered at a regular meeting. A special organizational meeting may be held within thirty ( 30 ) days prior to the commencement date of the AGENCY upon not less than seven ( 7 ) days ' written notice from the Chairman of the Steering Committee. At least one ( 1) meeting must be held during the first half of the fiscal year. Special meetings of the Board of Directors may be called by its Chairman, or by representatives of any three ( 3 ) MEMBERS. Ten ( 10 ) days ' written notice of regular or special meetings shall be given to the official representatives of each MEMBER government and an agenda specifying the subject of any special meeting shall accompany such notice. Business conducted at special meetings shall be limited to those items specified in the agenda. Provided, however, that where it is necessary to call a special meeting of the Board to authorize -24- the payment of the settlement of a claim or claims or other matter requiring rapid attention, such a meeting may be called by delivered written or tele- phonic notice of no less than 48 hours . (b) The time, date and location of regular and special meetings of the Board of Directors shall be determined by the Chairman of the Board of Directors or by the convening authority. (c) To the extent not contrary to these By-laws, and except as modified by the Board of Directors , Roberts Rules of Order, latest edition, shall govern all meetings of the Board of Directors . (d) Minutes of all regular and special meetings of the Board of Directors shall be sent to all members and alternate members of the Board of Directors within twenty ( 20 ) days after each meeting. The Board shall subsequently vote on the approval of the minutes . -25- H . � . P . 1J - ice , 00 ARTICLE VII. Finances and Risk Management Pool. (a ) The fiscal year of the AGENCY shall commence on the date the AGENCY comes into existence and shall be for a twelve ( 12 ) month period except that the Board may change the date of the commencement of the fiscal year. In the event that the Board chooses to change the fiscal year of the AGENCY, the term of this con- tract shall be extended for the number of months necessary to accommodate the new fiscal year, provided, however, that the right of withdrawal accorded MEMBERS during the first fiscal year of the AGENCY shall terminate twelve (12 ) months from the commencement date without regard to any change in the fiscal year. (b) The Board of Directors shall approve a preliminary budget for the administration of the AGENCY for each forthcoming year during the final quarter of the prior fiscal year. Copies of all preliminary and final budgets shall be promptly mailed to each member of the Board of Directors. The Board of Directors shall, before the end of the year prior to the start of each fiscal year, approve a final budget, the -26- H . pool contribution formula , and the amount of annual payments due from each MEMBER, including, where applic- able, a debit and credit calculation for each MEMBER and the date upon which the payment is due. Provided, however, in its first year of operations , the initial annual payment for the first year of the AGENCY shall be that amount shown on Appendix A and the budget shall be that approved by the Board of Directors during the first quarter of the fiscal year. Failure to approve a preliminary or final budget within the times set forth within this Section shall not relieve the MEMBERS of the obligation to make annual or supplementary payments to the AGENCY so long as such budgets are finally adopted, and the MEMBERS are given at least thirty (30 ) days after the passage of the final budget or the determination of amounts due in which to make payments to the AGENCY. Where the proceeds of a debt instrument have been received, the obligation of MEMBERS to repay that debt shall not be dependent upon the approval of a budget. Budgets may be amended at any time by majority vote of the Board of Directors . (c) Calls for supplementary payments shall be made by the Board of Directors . Supplementary payments shall be called for where required in order that the scope and amount of coverage of the AGENCY can be provided -27- to all MEMBERS. The Board shall, where necessary, make calls for supplementary payments from MEMBERS, including expelled MEMBERS, claims which occurred during the time of their membership. Provided, that in any year in which the scope of coverage is provided on a "claims made" basis , supplementary payments may only be used to pay and administer claims made during the subject year or such later period as assumed by the AGENCY or specified in a conventional insurance policy purchased by the AGENCY. The forwarding of annual and supplementary payments within a time specified in notices to the MEMBERS giving them not less than thirty (30 ) days to make such payments, shall be of the essence of this con- tract. Supplementary payments shall only be required by the Board of Directors in a situation in which there is a reasonable concern that the sum remaining from the annual payment or prior supplementary payments will not be sufficient to meet the responsibilities of the AGENCY. MEMBERS shall be responsible for supplementary payments during the entire life of the AGENCY and any later period when claims or expenses need be paid which are attributable to the year of membership when the event out of which the expense or claim occurred or for "claims made" coverage during that claim year or such later period assumed by the -28- r. . L. P . AGENCY or specified in a conventional policy. In years after the first fiscal year, the Board of Direc- tors may permit annual or supplementary payments to be made on a monthly or quarterly basis . (d ) Each MEMBER shall have prepared and submit to the AGENCY an annual audited statement of all revenues prepared by a certified public accountant on a G.A.A. P. basis . For the purpose of computing amounts due for participation in the AGENCY, revenues shall be classified by fund type as follows : General Fund: Included: 1) . taxation of all types; real estate, sales, utility, income tax etc. 2 ) . license and permit fees 3 ) . intergovernmental revenue 4 ) . fines and forfeitures 5 ) . interest earnings 6 ) . fees charges or service 7 ) . franchise revenues Excluded: 1 ) . refunds 2 ) . interfund transfers Special Revenue Funds Included: 1) . taxation of all types 2) . intergovernmental revenue 3 ) . interest earnings 4 ) . grant funds Excluded: 1 ) . interfund transfers 2 ) . refunds Debt Service Funds Special Assessment/Special Service District Funds -29- Included: 1) . taxation of all types 2 ) . interest earnings Excluded: 1 ) . proceeds from new debt where proceeds are to be used to retire existing debt 2 ) . interfund transfers Capital Project Funds Included: 1) . taxation of all types 2 ) . interest earnings 3 ) . developer contributions 4 ) . grant funds Excluded: 1) . interfund transfers 2 ) . bond proceeds Enterprise Funds Included: 1) . all sales 2 ) . license and permit fees 3) . service charges 4 ) . interest earnings 5 ) . taxation 6 ) . grant funds Excluded: 1) . interfund transfers 2 ) . revenues collected while acting as an agent for another governmental body where amounts collected are passed through Internal Service Funds - Excluded Trust and Agency Funds - Excluded General Exclusion All revenues associated with a specifically excluded risk or activity will not be included for the calcula- tion of premiums . Revenues shall be computed using the figures shown in the annual audit statement of the MEMBER for the -30- r. last fiscal year available on the date at which the audits are due . In the event a current audited finan- cial statement is not available, or, if available, does not present revenues in the manner required, the Board of Directors shall estimate the revenues of the MEMBER based upon the best figures then avail- able. The decision of the Board shall be final. For the first year of the existence of the AGENCY, revenues shall be those utilized in the development of the computation of the annual payment shown in Appendix A. (e) The Board of Directors shall in subsequent years after reviewing the audit submitted from each MEMBER establish a tentative computation of the revenues of each MEMBER. Written notice of this tentative determination shall be sent to each MEMBER. If a MEMBER wishes to contest the determination of the amounts, it may request a hearing before the Board of Directors. The decision by the Board after such hearing shall be final unless the Board shall be found by a court to have committed a clear abuse of discretion. (f ) During the final quarter of each fiscal year, the Board of Directors shall establish the pool contribu- tion formula which will be used in determining the annual payments due from each MEMBER for the next -31- F - . ` . P . 10 ' _ , _ succeeding fiscal year. The four factors which will be equally weighted in creating the formula are : Revenues , as defined in Article VII(d) , Miles of Streets , Full-Time Equivalent Employees and the Total Number of State Licensed Vehicles . MEMBERS shall be required to provide information to the AGENCY which will allow the Board of Directors to quantify each of these four factors . All questions relating to the computation of these four factors will be resolved by the Board of Directors and will be applied equally to all MEMBERS. The assessment of supplemen- tary payments, whenever required to be paid, will be based upon the same proportion which the payment of one MEMBER bears to the payment of another MEMBER in the annual payment, except where the Board of Directors should modify that proportion based upon an error in the information reported or an error in computation. In the event that for any reason the proportional payments due from a MEMBER shall be adjusted, the amounts due from other MEMBERS shall likewise be subject to adjustment but the implementa- tion of the adjustment may be delayed until the funds are needed. (g ) If all claims known or unknown within the scope of coverage provided by the AGENCY, plus any other amounts owed by the AGENCY during any particular period for -32- H ', . P . _0 which funds of the AGENCY were combined to create the joint risk management pool, have either been paid or provision has been made for such payment , the Board of Directors as then constituted shall distribute any surplus funds to the MEMBERS which constituted the membership of the Pool during that period after first deducting therefrom reasonable administrative and other non-allocated costs incurred by the AGENCY in the processing of the claims in years other than the period for which the claim was made. The distribution among the MEMBERS shall be in the same proportion to the total as their payments during the period bore to the payments of all MEMBERS less any sums owed the AGENCY. Provided, however, that a MEMBER may elect to transfer such excess funds to the Joint Risk Management Pool for any later or prior period for which it owes or will owe funds to the AGENCY. MEMBERS shall remain obligated for all payments due the AGENCY under this Contract and By-Laws if it should be determined even after the payment of any rebate that additional sums are neces- sary to fulfill the contractual obligations agreed to herein. Such obligation shall continue so long as there are claims made against the AGENCY for in- juries that fall within the scope of coverage provided by the AGENCY for the period in question. -33- r E . L . P . 10."_0_'S� (h ) The Board of Directors shall provide to the MEMBERS an annual audit of the financial affairs of the AGENCY to be made by a certified public accountant at the end of each fiscal year in accordance with the gener- ally accepted auditing principles . The annual report shall be delivered to each MEMBER within 180 days after the close of the prior fiscal year. (i ) The Board of Directors may require reports from all agents and independent contractors including attorneys with regard to the status of their work for the AGENCY, problems encountered during the performance of their duties , and recommendations for improvements in the performance of the AGENCY including their efforts on the AGENCY' S behalf. ( j ) The Board of Directors may, commencing with the fourth year of the AGENCY, apply to the annual and supplemen- tary payments due from a MEMBER a debit or credit computed in a manner determined by the Board of Direc- tors which shall affect the payment due from the MEMBER to the extent that the number and the amount of reserved claims and losses attributable to that MEMBER in no more than three prior years , in amounts of at least $10, 000. 00, shall compare with the general frequency and amount of similar claims and losses attributable to MEMBERS of the AGENCY in proportion to the level of their payments to the AGENCY in rela- -34- tionship to all payments made to the AGENCY. In developing a debit-credit formula, the AGENCY may also consider the existence and effectiveness of the loss prevention programs put in place by the MEMBERS. All adjustment shall not result in a credit of more than 258 nor a debit of more than 258 from the average. The Board of Directors shall approve the debit or credit formulation either directly or in the approval of the adjusted annual payment due from the MEMBERS. Provided, however, that the Board of Directors shall, for each year of the existence of the AGENCY provide a sum in the joint risk manage- ment pool which, after the debit or credit adjustment has been made, shall be in a gross amount sufficient to pay for the anticipated total costs required to fully fund the operations of the AGENCY. (k) Those MEMBERS which did not contribute to the initial developmental costs of the AGENCY and became MEMBERS at the commencement date shall be required to pay an additional sum to the AGENCY such that all initial MEMBERS shall have equally contributed to such costs . Any excess sums may be returned or placed within the joint risk management pool. -35- iu/Li; 06 ARTICLE VIII. Scope and Amount of Loss Protection. Scope of coverage and the amount of coverage to be provided by the AGENCY shall be determined from time to time by the Board of Directors . The AGENCY may modify both the scope of coverage and the amount of coverage, both upward and down- ward, provided, however, that any modifications shall only apply prospectively. The AGENCY shall provide coverage for each MEMBER up to $1,000,000 in the aggregate for losses in excess of $1,000 ,000 per occurrence. No indemnification shall be provided by the AGENCY until the MEMBER has expended $1, 000 , 000 in loss payments as a result of the occurrence. Defense costs shall be included toward satisfying both the loss payment by the MEMBER and the coverage provided by the AGENCY. Coverage, other than errors and omissions coverage, is provided by the AGENCY only for those occurrences which occur during a fiscal year for which the MEMBER has made an ANNUAL PAYMENT and all required SUPPLEMENTARY PAYMENTS and for which written notice is given to the AGENCY within ten ( 10 ) years subsequent to the date of occurrence. Where an occurrence is continuous and involves more than one such fiscal year, -36- coverage is provided only to the extent of the coverage amounts rds the MEMBER, during the fiscal year in in effect, as rega which the occurrence began. rovided by the AGENCY Errors and omissions coverage is p only for those occurrences which occur subsequent to the First day of continuous membership in the AGENCY by the MEMBER and for which written notice is first given to the AGENCY during a fiscal year for which the MEMBER has made an ANNUAL PAYMENT and all required SUPPLEMENTARY PAYMENTS. Aggregate limits are provided on a fiscal year basis and all payments to or on behalf of a MEMBER for occurrences, other than errors and omissions, occurring during the fiscal Year plus all payments to or on behalf of that MEMBER for errors and omissions occurrences for which written notice is first given during the fiscal year accumulate towards the satisfaction of the aggregate limit for the fiscal year. The amount of money which a member must pay before the obligation of the AGENCY shall commence is known as the self- insured retention. The AGENCY will commence with a self-insured retention by its MEMBERS of $1, 000, 000 per occurrence. Under no circumstances shall the obligation of this AGENCY commence until a MEMBER has paid for that occurrence the amount of the self-insured retention established by the AGENCY from time to time. The MEMBERS of the AGENCY are aware of a limited number anies of cases in the United States in which insurance comp purporting to offer coverage excess of a deductible or a self- -37- J�_ i insured retention amount have been compelled by courts to commence the level of their coverage at lower levels . By entering into this contract each MEMBER acknowledges that it is the absolute understanding of the MEMBERS of this AGENCY that under no circumstances shall the AGENCY be compelled to make any payments until a MEMBER has fulfilled the full responsibility of paying the total amount of the self-insured retention. MEMBERS may fund the amount of the self-insured retention through reserve funds , conventional insurance, membership in pools , the issuance of judgment funding bonds or other methods . The method by which a member of the AGENCY fulfills its responsibility to fund the self-insured retention is a matter of no consequence to this AGENCY. This AGENCY intends to offer a scope of coverage which will commence only in excess of the self-insured retention. The extent of intergovernmental cooperation or contractual obligation of the MEMBERS to fund the AGENCY does not extend whatever to any primary coverage or obligations below the amount of the self-insured retention. The MEMBERS of the AGENCY would not have entered into this Contract and By-Laws if any MEMBER understood the obligation of the AGENCY to its MEMBERS to extend in any manner below the level of the self-insured retention. For the first year of the existence of the AGENCY the MEMBERS intend to provide excess coverage which would typically be provided by conventional comprehensive general liability -38- vehicular liability, and errors and omissions policies . Because the parties desire to commence the term of this AGENCY as soon as possible, they have not agreed upon the text of such coverage, including provisions relating to the obligation of the members to report claims , to defend the claims within the level of their self-insured retention, dispute resolutions and other items typically found in conventional insurance policies . The parties intend to adopt such provisions as are applicable for a joint governmental self-insurance pool . Within the first six ( 6 ) months of the commencement of the AGENCY, the Board of Directors shall, by a vote of at least the concurrence of a majority of the entire membership of the Board of Directors , approve a specific text of the scope of coverage offered which document shall apply to all claims which occurred prior to the approval of the textural material, and to all subsequent claims until the nature of the scope of coverage shall be modified in the manner provided in Article V(h) (vi ) . In the event that there should be a conflict between the text of the scope of coverage document and the Contract and By-Laws , this later document shall prevail. The AGENCY may from time to time expand the scope or amount of coverage to be provided, which expansion may be extended to the payment of claims which occurred prior to the date of the expansion. In the event that the AGENCY should reduce or modify the amount or scope of coverage to be provided, such reduction shall only apply to claims which occurred subsequent to the date of the modification. -39- F - . L . ? . ARTICLE IX. Obligations of Members . The obligations of MEMBERS of the AGENCY shall be as follows : (a ) To appropriate, budget for, where necessary to levy for and to promptly pay all annual and supplementary or other payments to the AGENCY at such times and in such amounts as shall be established by the Board of Directors within the scope of this agreement. MEMBERS shall also be required to pay their propor- tional share of the repayment of principal and interest obligations and other costs incurred by a host MEMBER in obligating itself under a debt instrument. The proportional share of each MEMBER shall be that propor- tion its annual payment for that fiscal year bears to the annual payments of the other MEMBERS. Any delinquent payments shall be paid with a penalty which shall be equal to the highest interest rate allowed by statute to be paid by an Illinois home rule municipality or the prime rate then in effect at the Continental Illinois National Bank, or the First National Bank of Chicago, whichever rate is lower . -40- F . L' (b ) To select a person to serve on the Board of Directors and to select an alternate representative . (c ) To allow the AGENCY reasonable access to all facilities of the MEMBER and all records relating to claims and the financial obligations of a MEMBER. (d ) To provide the Pool the right and give it the opportu- nity to associate with 'the MEMBER or any conventional insurance carrier providing coverage to the MEMBER, or both, in the defense and control of any claim, suit or proceeding which involves or may involve the Pool and in which event the MEMBER, such insurers and the Pool shall cooperate in all things in defense of such claim, suit or proceeding. (e ) To furnish full cooperation with the AGENCY' S attor- neys , claims administrator and any agent, employee, officer or independent contractor of the AGENCY relat- ing to the purpose and powers of the AGENCY. (f ) To follow in its operations all loss reduction and prevention procedures established by the AGENCY within its purpose and powers, including, but not limited to the use of release forms , posting of notice, parti- cipation in educational and record-keeping programs , limitations in activities offered, and the use of loss preventative techniques and devices . (g) To furnish to the AGENCY an audit prepared by a Certi- fied Public Accountant of all revenues of the MEMBER -41- for any fiscal year of the MEMBER for which figures are requested by the AGENCY. If an audit is not furnished, the AGENCY may employ an auditor to peform such an audit and the MEMBER shall be required to pay the reasonable cost of such audit. (h) To report to the Secretary of the AGENCY and the claims administrator, at the earliest practicable moment, any information of a claim received by the MEMBER and from which the MEMBER could reasonably conclude that coverage from the AGENCY will be sought. In the event that the required information is not submitted to the Secretary and claims administrator within the time periods set forth above, the Board of Directors of the AGENCY, may in whole or in part decline to provide a defense to the MEMBER or to extend the funds of the AGENCY for the payment of losses or damages incurred. In reaching its deci- sion, the Board shall consider whether and to what extent the AGENCY was prejudiced in its ability to investigate, defend or earlier settle the claim due to the failure of the MEMBER to promptly furnish notice of the claim to the Secretary. In the absence of a fraud or a clear abuse of discretion, the decision of the Board of Directors shall be final. Information must be furnished to the AGENCY not only at the time that a claim is made which could reasonably be expected -42- to be within the scope of coverage of the AGENCY, but also updated information must be provided as the nature of the claim becomes more fully known and litigation occurs and proceeds . Information must also be furnished if a claim reasonably thought to be below the level of the amount of coverage provided by the AGENCY should approach or be asserted by the claimant to fall within the amount of coverages . (i ) To either employ a professional claims administration firm to handle all self-insured claims , enter into an insurance contract (for claims at lower levels of coverage than those provided for by the AGENCY) which includes an obligation of that insurance company to furnish information to the AGENCY of pending claims or, if the MEMBER performs claims administration utilizing its own personnel, the obligation to employ a firm to perform claims auditing. The claims auditing firm will be chosen by the AGENCY and the reasonable cost of such audit will be borne by the MEMBER. ( j ) In the event that the AGENCY shall be required to expend funds for administrative, legal or other costs brought about by the failure of a MEMBER to pay sums owed the AGENCY or to take other actions required under this Contract and By-Laws , such amounts expended shall be added to the sums due the AGENCY and shall be payable by the MEMBER. -43- fi . E ARTICLE X. Liability of Board of Directors or Officers . The members of the Board of Directors or officers of the AGENCY should use ordinary care and reasonable diligence in the exercise of their power and in the performance of their duties hereunder; they shall not be liable for any mistake of judgment or other action made, taken or omitted by them in good faith; nor for any action taken or omitted by any agent, employee or independent contractor selected with reason- able care; nor for loss incurred through investment of AGENCY funds , or failure to invest. No Director shall be liable for any action taken or omitted by any other Director. No Director shall be required to give a bond or other security to guarantee the faithful performance of the Director ' s duties hereunder. The Board of Directors shall authorize, if neces- sary, the use of the joint risk management pool to defend and hold harmless any Director or officer for actions taken by the Board or performed by the Director or officer within the scope of his authority for the AGENCY. The AGENCY may purchase conventional insurance providing similar coverage for such Directors and officers and if such coverage has been purchased shall require that the coverage of the insurance -44- E?. ^ D . LviO company shall be relied upon before utilizing the funds of the joint risk management pool to provide a defense or make a settlement. -45- ARTICLE XI . Additional Coverage. Membership in the AGENCY shall not preclude any MEMBER from purchasing any insurance coverage above those amounts purchased by the AGENCY. The AGENCY shall make its facilities available to advise MEMBERS of the types of additional or different coverages available to units of local government. -46- H. E p . LG/ 1�,) 6 ARTICLE XII . Optional Defense by Member. The scope of coverage provided by this AGENCY shall only commence at such point that the MEMBER has made a good faith offer to settle the claim at a level within the self-insured retention of the MEMBER and that offer has been rejected. Where the scope of coverage of the AGENCY is activated, the MEMBER, through the procedure set out in this article, shall have an opportunity to object to a settlement whenever the AGENCY proposes to settle any pending claim or suit. The MEMBER shall be given advance notice of any proposed settlement. Such notice may be given by the establishment of a reserve amount in documents provided to the MEMBER by or through the AGENCY, provided that the amount of the settlement does not exceed the amount reserved. The officers and employees of the AGENCY shall, however, endeavor to give specific oral or written notice to a MEMBER of the exact amount of any pro- posed settlement at least fourteen (14 ) days prior to the date at which the AGENCY proposes to bind itself to pay such settlement amount. It is recognized by the MEMBERS that under some circumstances the AGENCY may not be able to give fourteen ( 14 ) days ' prior oral or written notice of the proposed settle- -47- ment. The officers , employees or independent contractors of the AGENCY shall attempt to give the MEMBERS as much notice of the settlement as is possible under the circumstances of each case. a :MBER should disagree with the amount for which the ?NC :roposes to settle a case or claim, the represent- ati-, f ,e MEMBER on the Board of Directors of the AGENCY, the _cernate member, the local governmental attorney or the chief administrative officer of the MEMBER may notify the claims administrator of the AGENCY that the MEMBER exercises its right to prevent the AGENCY from reaching a settlement at the agreed-upon amount. The claims administrator may require that such information be transmitted in writing. In the event that the case or claim is eventually resolved through a settlement or judgment within the dollar limits of coverage provided by the AGENCY and in an amount less than the amount at which the case could have been previously settled by the AGENCY, then the MEMBER which has undertaken the costs of its defense shall be entitled to its additional actual costs including reasonable attorneys ' fees , up to the level at which its costs and the prior allocated costs of the AGENCY, including reasonable attorneys ' fees, equal the amount at which the case could have been settled by the AGENCY. To the extent that the case or claim is resolved through settlement or judgment at an amount greater than that at which the case or claim could have been previously settled by the AGENCY -48- H . F L . P . in, and a claim is thereby made within the dollar limits of coverage provided by the AGENCY, the MEMBER shall be obligated for that portion of the settlement or judgment which exceeds the sum of money at which the case could have been earlier settled by the AGENCY including all allocated costs of the AGENCY. If at :ny ie the amount of the allocated costs of the AGENCY devo- _ t :he case shall equal or exceed the amount at which the � ie could have been settled and the AGENCY is providing a defense, the AGENCY may require periodic supplementary pay- ments from the MEMBER if the MEMBER wishes to have the AGENCY continue to provide the defense. Allocated costs shall mean those costs which are allocated to individual cases under the bookkeeping and accounting system utilized by the AGENCY. The AGENCY may establish the amount at which it could have settled the case through a written settlement offer by the plaintiff or through other competent evidence of the availability of the settlement at a particular sum and the desire of the MEMBER to preclude settlement discus- sions and the sum at which the AGENCY believed the case could have been settled. -49- H . - L' . P . 1 , . 1"i 'Je ARTICLE XIII. Contractual Obligation. -his :�cument shall constitute a contract among those enti' -:s _ .�. :h become MEMBERS of the AGENCY. The obligations and r ;pcnsibilities of the MEMBERS set forth herein, including the obligation to take no action inconsistent with these By-Law as originally written or validly amended shall remain a contin- uing obligation and responsibility of each MEMBER. The terms of this Contract may be enforced in a court of law by the AGENCY or any of its MEMBERS. The consideration for the duties herewith imposed upon the MEMBERS to take certain actions and to refrain from certain other actions is based upon the mutual promises and agreements of the MEMBERS set forth herein. If any dispute arises regard- ing this Contract, the MEMBERS agree that a court shall inter- pret the actions and duties of the parties in accordance with the specific standard or burden of proof set out in this Contract and By-Laws. This Contract and By-Laws may be executed in duplicate originals and its passage by entities listed in Appendix A shall be evidenced by a certified copy of an ordi- nance or resolution passed by a majority of the members of -50- E . F L . P . 10 '10 "cG the governing board then in office. Provided, however, that except to the extent of the financial contributions of the AGENCY agreed to herein or such additional obligations as may come about through amendments to these By-Laws no MEMBER agrees or contracts herein to be held responsible for any claim_ in --:=t or contract made against any other MEMBER. The c.ntr .. .ing parties intend in the creation of the AGENCY to establish an organization for joint risk management only within the scope herein set out and have not herein created as between MEMBER and MEMBER, except for that limited extent, any relationship of surety, indemnification or responsibility for the debts of or claims against any MEMBER. -51- H. F P . i"/ ljl06 ARTICLE XIV. Host Member. The _ 'lage of Elk Grove Village has agreed to consider serving es i host MEMBER for the AGENCY. During its first fiscal y=ar, the AGENCY shall produce documents to present to its host MEMBER and all other MEMBERS to cause the issuance or commitment to issue a debt instrument. It is anticipated that the debt instrument will be general obligation bonds in the amount of $15,000 ,000 or a letter of credit in that amount. Elk Grove Village shall not be required to execute any document obligating itself to be a host MEMBER with which it does not agree. All of the reasonable costs incurred by Elk Grove Village in considering whether to fulfill its role as a host MEMBER shall be paid for by the AGENCY. If the AGENCY has on hand funds other than those received from the debt instrument, Elk Grove Village may require that any claims be paid first out of such funds before funds procured from a debt instrument are utilized. Funds procured by Elk Grove Village through the issuances of a debt instrument issued to benefit the AGENCY shall be paid directly to the AGENCY. Other MEMBERS of the AGENCY may also voluntarily agreed to be a host MEMBER. -52- H . E ARTICLE XV. Expulsion of Members . By t_a concurrence of two-thirds ( 2/3 ) of the entire membersh: of the Board of Directors present at a regular or special meeting, any MEMBER may be expelled. Such expulsion may be carried out for one or more of the following reasons : (a) Failure to make any payments due to the AGENCY. (b) Failure to undertake or continue loss reduction and prevention procedures adopted by the AGENCY. (c) Failure to allow the AGENCY reasonable access to all facilities of the MEMBER and all records which relate to the purpose or powers of the AGENCY. (d) Failure to furnish full cooperation with the AGENCY' S attorneys, claims administrator and any agent, employ- ee, officer or independent contractor of the AGENCY relating to the purpose and powers of the AGENCY. (e ) Furnish incorrect financial, claims history or other information to the AGENCY. (f ) A history of excessive pending or closed claims or losses which in the absolute discretion of the Board of Directors creates an unacceptable risk of similar adverse future claims or losses. -53- E (g ) Failure to carry out any obligation of a MEMBER which impairs the ability of the AGENCY, to carry out its purpose or powers . No MEMBER may be expelled except after written notice from the AGENCY of the alleged failure along with a reasonable opportuni---% of not less than thirty ( 30 ) days to cure the alleged failure. Provided, however, that no opportunity to cure shall be necessary for an expulsion brought in whole or in part because of a poor loss or claim history. The MEMBER may request a hearing before the Board before any decision is made as to whether the expulsion shall take place. The hearing must be requested in writing not later than five ( 5 ) days after the time to cure has expired or in case no time to cure is required within 30 days of the notice by the Board of an intent to expel. Times required for notices under this contract shall be measured from the date of mailing or delivery if personally delivered. The Board shall set the date for a hearing which shall not be less than ten ( 10 ) days after the request for the hearing. If the time to request a hearing has passed and the MEMBER has not requested a hearing or if no hearing is required or if such a hearing has been requested, no later than sixty ( 60) days after the close of that hearing, the Board shall determine whether the MEMBER will be expelled. A decision by the Board to expel a MEMBER shall be final unless the Board shall be found by a Court to have committed a clear abuse of discretion. The Board of Directors may establish the date at which the expulsion of the MEMBER shall be effective -54- at any time not less than thirty ( 30 ) days after the vote expelling the MEMBER has been made by the Board of Directors . If the motion to expel the MEMBER made by the Board of Directors or a subsequent motion does not state the time at which the expulsion shall take place, such expulsion shall take place thirty ( 3 ; ; days after the date of the vote by the Board of Directors expelling the MEMBER. After expulsion, the former MEMBER shall continue to be fully obligated for any annual or supplementary payments for which it was delinquent at the time of its expulsion and supplementary payments later voted by the AGENCY for losses which were within the scope of coverage of the AGENCY during the time of its membership, along with any other unfulfilled obligation as if it was still a MEMBER of the AGENCY. The expelled MEMBER shall, after expulsion, no longer be entitled to participate or vote on the Board of Directors or to receive the benefits of self-insurance coverage for any claim made after the date of expulsion and depending upon the nature and amount of pending claims against an expelled MEMBER, the Board of Directors may limit the amount of coverage to be provided or require the expelled MEMBER to make additional payments to the AGENCY to retain the coverage. No MEMBER expelled from the AGENCY, except for the payment of third-party claims , shall receive any return from the AGENCY of funds paid into the Joint Risk Management Pool. -55- H. ^ L. P . LU/ 1U; d6 ARTICLE XVI . Termination of the Agency. At the conclusion of the eleven-year term of this Contract and By-Laws , all MEMBERS shall remain fully obligated for their portion of any claim against the assets of the joint risk management pool which is within the scope of coverage of the AGENCY along with any other unfulfilled obligation, including but not limited to calls for supplementary payments attributable to the period of their membership which may be called for in subsequent years. The Board of Directors shall continue to meet on such a schedule as shall be necessary to carry out the winding up of the affairs of the AGENCY. Because of the nature of claims filed against governmental bodies, it is contemplated that the Board may be required to meet for some time to conclude all matters relating to the termination of the AGENCY. When all of the affairs of the AGENCY are wound up and all claims and expenses of the AGENCY are paid, the members of the Board of Directors shall distribute any funds remaining in the joint risk management pool to the MEMBERS in the proportion which those MEMBERS contributed funds to the AGENCY. MEMBERS expelled from the -56- FL . P . 10 '10. 3^ AGENCY shall not be entitled to the return of any funds . At the conclusion of the eleven ( 11 ) year term of this Contract and By-Laws, if all debt instruments shall have been repaid, MEMBERS of the AGENCY may elect to distribute to the then existing members some of the funds contained within the joint risk management pool. The distribution of those funds, however, shall not affect the obligation of the MEMBERS to make supple- mentary payments to the joint risk management pool in the event that claims which fall within the scope of coverage of the AGENCY need to be paid at subsequent times . In deter- mining the amount of funds which may be returned to the MEMBERS, the AGENCY shall procure the recommendation of an actuary. The AGENCY may also purchase conventional insurance to fund either the remaining known claims against the AGENCY or incurred but not reported claims. DATED: , 19 A C C E P T E D Mayor Municipal Clerk -57- WHEREUPON under the authority granted to me by Ordinance (Resolution) No. , passed by the Corporate Authorities on the day of , 19 , I do hereby execute and the Clerk does hereby attest to my signature as evidence that the has approved participation in the for a term commencing on , in accordance with this Contract and By-Laws in its executed form and as it may subsequently be validly amended. ATTEST: This day of 19 -58- C 1 K q I=I In T N -- ,n In - r'1 01 r- •T m 1- m r- CO N m •- m m W n rD o] m N in o . 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I c3 ^ TMN - o ^ 03 p4 in CD D) rD o3 'r u) m m M ow o o) o) m CJ ^ MM W I O � T' 1 P (V ITJMN ^ NP PNIn NIV ^ mNNOM ^ CVm NMIn -- Nmlo ri ci rn ^ 1 O 1 1 ^ FC N 1 I uv) mmi=, 03 I=ILD ) - r'J - 0) (DnICI or- TN0) LO 0) r-- in 04 n - o (D r riM tQilo � mmmrJOTw - - -- r1 - o) rp no ^ — Th ^ mo) Tmr- ^ rncJmmm D 1 m F — ' 0 r-J 1 mmT ^ mTC> It v) ^ orDc M0ICIr.- M IT, rDr- o) t•11n ^ N v) `01 (DI=I tnmo] N I o I In M ,D r� Ic, M 03 CVNr- ICI I=I Thr- -- Tml-n m o cJ w0) u) m Mo mrlm0 1 0 FI - - • • - - - _ . - . _ _ _ _ _ . - _ - _ I Z I rn - CnN1- o ^ clnmr•J1- r4 NNrJoro - NrlNmv) r - U') - CIA I o O , I o U ,-� - I N iD 0 0 1 M W W o i,- ID W ^ m o CD m .- o m r- T P r- m in ^ m o o C4 M V) I In - , P ^ V) 4) „ m lD U) O O ,D o3 U T T rD O T M a7 VJ m ^ T rD IO m -- o] m C1 m C- I O � F- 1 ,A ^ r) N [D ^ Tv) m N (DN � NNC/ M ^ ('1 ^ Nmv) CV ^ TP ^ N -- ^ I ,D 1 1 _ z JL 1 m 2 1 T T (D s 1- T• z• T �• T ' T �� T A e a T I T• T e, T 01 I T N r U! n• 1 e• I ^ ^ rl) - T ^ 1- a] m 1- U 0) ID t- �' O -- r`) T m I, ,T, ^ T T I- M m O N r•- v) O I U 1 mlym ^ mTNI- ^ r- ^ mmr- r✓ Tr- Inmr- cl r1 CV IT) M1- ^ mIT) NNN ^ 1 O I T N to CJ o3 ^ Cl 7 N N m N ^ N CV N O In -- In IV N m N N '_' P m ^ N m ^ 1 0 � 1 0 1 ^ I (() fn 1 ti Di rn0 min l() -- oN (T) 0 a] N ^ V) T 0J o Nm N N MN mo 0Dino ^ 1 0 J O I N N - 0 ^ CDU N TVI VA - .T-. m o) o] l'1 - - N o] - - - - - o N m o M t- o In v) I N , 1 P I 1 ' I ) CL ul Ul Q. q IL W .8 1-J Q N {- rn Cff Ips L[[ J�1�1 W Q Q m W I'y�� to < fJ7l7Y qLL o � 000dd �i (� = � � iir'ic�n3 J°, ^ N mT Inm r.- 03 mo ^ rJ rnT JnW f- 03 a) ^ n1 (n vU') W r- Mm o ^ rJ m ^ - ^ ^ N r, NrJ NNrJ Nrlrl In (T) (T) CT) O EXPLANATION OF "HELP" FOR PROSPECTIVE MEMBERS Some years ago, nearly all middle-sized municipalities purchased conventional insurance for general liability, vehic- ular and errors and omissions risks . Over the past few years , many larger and middle-sized municipalities began to self-insure for a limited amount of risk and to purchase excess insurance above this self-insured retention from a conventional insurance company. During the current insurance crisis, many governments have discovered that the ability to purchase excess insurance at reasonable prices has entirely disappeared. One solution to this problem is for a group of larger communities committed to the use of loss prevention techniques to join together in collectively assuming a level of risk above a certain large self-insured retention for which each community will be individ- ually responsible. The High-Level Excess Liability Pool (HELP) is being organized to allow governmental bodies like your own to enter into a long-term commitment to create a pool of funds contrib- uted to principally by Illinois home rule municipalities. Enclosed with this synopsis of the "HELP" Pool is a Contract and By-Laws and an ordinance authorizing its execution. If your municipality wishes to become a Member of HELP, it must pass the enclosed ordinance and execute the Contract and By- Laws . The HELP organization will commence its existence and its initial scope of coverage on January 1, 1987 , if by December 15 , 1986 sufficient municipalities have agreed to join the HELP entity which will contribute as first-year payments at least the sum of $1, 100 ,000. 00. The municipalities which are being invited to join HELP are listed on Appendix A of the Contract and By-Laws. Municipalities which wish to join the Pool must also send a check in the amount of 508 of the estimated first year' s initial payment. That amount is set out in the exhibit at the end of Appendix A. The other 50% is due thirty ( 30 ) days after the Pocl commences its term. If the requisite membership has not been achieved by December 15 , 1986 , all money deposited will be returned. The checks should be made out to "High-Level Excess Liability Pool" and should be sent to: George Coney, Chairman Steering Committee High-Level Excess Liability Pool c/o Elk Grove Village Hall 901 Wellington Avenue Elk Grove Village, Illinois 60007-3499 All municipalities must pass the enclosed ordinance in exactly the form submitted and sign the Contract and By-Laws without modification. The Contract and By-Laws for the Agency EXPLANATION (cont 'd ) Page 2 was drafted by Stewart H. Diamond of the law firm of ANGEL, GLINK, DIAMOND, MURPHY & COPE, P.C. , which has drafted similar documents for more than a dozen intergovernmental self-insurance pools. The Steering Committee has also used as consultants James B. Finch of Arthur J. Gallagher & Co. on insurance mat- ters, Flatland, Hinners & Co. on financial matters and Coopers & Lybrand on actuarial issues . Each governmental body joining the HELP pool will agree to cover the first $1,000 , 000. 00 of any claim before the HELP pool will be required to assist in the payment of that claim. After the Member has incurred or committed to defense costs or claims payment of $1, 000 , 000. 00 per occurrence, the HELP pool will provide an additional layer of coverage of up to $1, 000, 000 . Each municipality will also be limited in its coverage to an aggregate amount of $1, 000, 000. 00. Each Member of the HELP pool is free to determine how it will cover this self-insured retention of one million dollars . Most will self-insure, but a community may elect to cover some or part of this first million dollars through conventional insurance or membership in another pool. It is contemplated that the amount of coverage to be offered by the Pool will during or at the end of the first year of the life of the agency increase to $5 , 000 , 000 . 00 on an individual and aggregate basis in excess of $1,000 , 000 . 00 per occurrence obligation of the Member. In order to increase the amount of coverage to be offered by the Pool, it is expected that one of its Members will issue bonds or commit itself to repay possible drawdowns from a letter of credit in a gross amount of not to exceed $15 , 000 , 000 . 00. The Corporate Authorities of Elk Grove Village have indicated a willingness to serve in the role of Host Member and to assume this responsibility. Because the develop- ment of the legal documents necessary to secure the right of all parties are fairly complex, this expansion from a cover- age of $1, 000 , 000 . 00 to $5 , 000, 000 . 00 will not take place until all the documents have been prepared. By signing the enclosed Contract and By-Laws , a Member municipality agrees to the initial amount of coverage offered by the Agency and agrees to reasonably consider the execution of those documents which will be required to expand the amount of coverage to $5 , 000 , 000 . 00. If a governmental body initially joins the agency and is unwilling to execute the documents necessary to allow for the expansion in the amount of coverage, that governmental body will be required to leave the Pool. Its claims covered during the period of its membership will remain covered even if it withdraws at that time. A Member municipality leaving the Pool will be responsible for its proportional share of any losses of the Members which occurred during the period of its membership. EXPLANATION (cont 'd) Page 3 The agency may only increase the amount of coverage to be offered above $1,000 , 000 . 00 if the vote to expand the amount of coverage receives the concurrence of at least two-thirds of the Members of the Pool. If an initial Member of the Pool is unhappy with a decision by the Board of Directors during its first year not to increase the scope of coverage above $1, 000 , 000. 00 , that Member may also withdraw from the Pool . Members electing to withdraw because of a decision by the Pool to either expand or not to expand its coverage must notify the Pool of such decision within 30 days after the date at which the Board acts upon such a motion. The basic structure of the HELP pool is similar to those which have successfully operated in Illinois for more than 7 years . The Pool is actually the administrative arm of an intergovernmental contract adopted pursuant to authority granted within the statutes and Constitution of the State. With the exception of two non-home rule municipalities which were members of the initial Study Group, all other prospective Members are home rule units . Home rule units have the unlimited power to tax or borrow to fund contractual obligations . The two non-home rule units who may become Members are Streamwood, which has a population of 24 , 254 , and Winnetka, which is an Illinois charter municipality. These communities, like the home rule communities , have the ability to levy an unlimited amount for the payment of tort claims and the establishment of reserves . In addition, Senate Bill 1200 , recently signed by the Governor, specifically gives non-home rule municipalities the right to make multi-year contractual commitments to self- insurance pools . The Board of Directors will operate as the governing body of the Pool. Each municipality which joins the Pool will be entitled to cast one vote on the Board of Directors . The Board of Directors shall establish the policy of the Pool, hire persons who work for the Pool, establish its budget and the scope of pooled self-insurance coverage offered from time to time. The Board of Directors are obligated to meet at least three times a year and will come together as required in special meetings. The Board of Directors will select a Chairman, Vice Chairman, Secretary and Treasurer who will serve for two-year terms . Decisions regarding claims will be made by the Board of Directors or as the Board may delegate. The specific language of the scope of coverage document to be provided by the Pool will be approved by the Board of Directors in the first 90 days after the Pool commences its operations . That scope of coverage will apply retroactively to the commencement date of the Pool. The intent of the parties is to provide a scope of coverage at least as broad as that EXPLANATION (cont 'd ) Page 4 generally enjoyed by the Members of the Pool in conventional insurance policies . The coverage offered will be on an occur- rence basis rather than on the more restrictive claims made basis currently being offered by insurance companies . The scope of coverage provided shall, however, extend only to a claim made against the Member and reported to the Pool within 10 years after the first date of the occurrence. The coverage to be provided will extend to general liability, vehicular liability, and errors and omissions risks . As in the conven- tional market, errors and omissions coverage will be on a claims made basis . The term of the Contract and By-Laws is eleven ( 11 ) years . This term was chosen since the Members contemplated the possi- bility of providing the $15, 000 , 000. 00 necessary to expand the scope of coverage of the Pool beyond $1, 000 , 000. 00, through the sale of general obligation bonds . In order to retire those bonds with acceptable annual payment levels , a term of at least 10 years was required. The eleventh year of the membership in the Pool was added to allow the financing to be arranged. At the end of the eleven-year period, the Members will determine whether they wish to extend the term of the contract or to allow the contract to expire and wind up the affairs of the Pool. Since the coverage provided by the Pool would extend beyond the life of the agreement, the Members will be required to continue to meet periodically to see to the payment of unresolved claims . Ultimately, if the Pool has produced surplus funds and all claims have either been paid or provision has been made for their payment, surplus funds will be distributed among the Members in the same pro- portion that they were contributed. Article VII of the Contract and By-Laws is entitled "Finances and Risk Management Pool" . That article describes in detail the manner in which the payments due from each Member are determined. The Pool utilizes a formula which considers revenues, miles of streets, full-time equivalent employees, and the total number of State licensed vehicles . Commencing with the fourth year of the existence of the agency, sums due the Pool may also include a factor for the reserved claims and losses attributable to all Members . The debit or credit to be factored into the payments due may not exceed 258 from the unadjusted payment. The Pool may not only consider the loss and claims history of Members in establishing payments due, but may also require reasonable and necessary loss reduc- tion and prevention procedures to be followed by its Members . Such powers, however, are to be exercised with discretion with the goal of undertaking oversight responsibilities rather than the direction by the Pool of the day to day operations of a Member. EXPLANATION (cont 'd ) Page 5 All funds paid to the Pool will be invested in the same general manner as the funds of Illinois municipalities , and an annual audit of those funds is required by the Contract and By-Laws . Any Member of the Pool which objects to a claim sought to be settled by the Pool on its behalf may instead direct that the Pool not settle the claim. If, however, the amount of the claim and additional defense costs ultimately paid should exceed the sum of the original settlement, the Member cannot look to the Pool to pay amounts above this level. The purpose of this provision is to alleviate the experience of many governmental bodies which discovered only after the fact that their insurance carrier had settled a claim on their behalf at a level unacceptable to the community. The preparation of these documents and the development of the Pool was supervised by eleven municipalities which organized to investigate and provide the initial funding for the creation of this Pool. Other communities which join at the commencement date shall share in the development costs of the Agency. Those municipalities to which an invitation to join has been extended had excellent loss histories and expressed a commitment to engage in loss prevention techniques . Only the municipalities on Appendix A to the Contract and By-Laws will be allowed to become initial Members of the Pool. Once organized, the Pool Members will consider whether it will be beneficial to admit new Members . Part of that decision will center on a determination of how to use reserve funds previously established by the Pool. Each Member of the Pool, by signing the Contract and By-Laws initially commits itself to fully fund their propor- tional share of the scope of coverage. If four municipalities each experienced losses of $2 , 000 , 000 . 00 , then under the initial scope of coverage the membership would be obligated to pay their proportional share of $4 , 000 , 000 . 00, the first million dollars of each loss being covered by the Member. The practical limitation upon the obligation of the Members is the $1, 000 , 000. 00 aggregate limit placed upon the claims which must be paid from any particular municipality along with the historically low frequency of such claims . If the Members of the Pool believe that the amount of coverage they had agreed to provide was excessive, they could prospectively reduce the amount of coverage at any time. The Members of the Pool would, however, be responsible for the claims which occurred prior to the limitation in coverage. EXPLANATION (cont'd) Page 6 The members of the Steering Committee believe that the conventional insurance market has repeatedly failed us in the past. We anticipate that because of the cyclical nature of that market, it will fail municipalities in the future. A self-insured pool to protect against extremely infrequent claims will allow the Members of this Pool to fund their anti- cipated losses while allowing the return of surplus funds in the event that the group experiences a good loss history. If you have any questions about the contents of this brief summary or the Contract and By-Laws, you may contact either the Steering Committee Chairman, George Coney at ( 312 ) 439-3900 or the Agency Attorney, Stewart Diamond at ( 312 ) 782-7606 . No community should pass the sample ordinance prior to the informational meeting which will be held on Thursday, November 13 , 1986 , at 8 : 00 p.m. at the Glenview Village Hall. If there are any changes to be made in the attached Contract and By-Laws as a result of your review of these documents and your submission of comments prior to that date, a final version of the Contract and By-Laws will be handed out at that meeting. October 10 , 1986 022 Draft 11/6/86 HIGH-LEVEL EXCESS LIABILITY POOL / MEMORANDUM OF COVERAGE Name of Public Entity: Address: Term: Annual Payment*: $ peryear Coverage Provided Section One -General Liability and Covered Employer's Liability Section Two -Automobile Liability Covered Section Three - Errors and Omissions Covered Limits of Liability $5,000,000 Per Occurrence and in the Aggregate for each Public Entity excess of: $1,000,000 Per Occurrence Self-Insured Retention for General Liability and Employer's Liability, Automobile Liability and Errors and Omissions Retroactive Date: December 1, 1986 applicable to claims occurring within the terms and conditions of the Errors and Omissions Coverage Part. *This does not include amounts of supplementary payments or other sums due under the contract or by-laws. Draft 11/6/86 SECTION ONE COMPREHENSIVE GENERAL LIABILITY ' AND EMPLOYER'S LIABILITY I. Coverage Agreements: A. The Pool hereby agrees subject to the limitations, terms and conditions hereunder mentioned to pay on behalf of the Public Entity all sums which the Public Entity shall be obligated to pay by reason of the liability imposed upon the Public Entity by law or assumed by the Public Entity under any written contract or agreement for which the Public Entity receives benefit in its operations, for damages, direct or consequential defined by the term "Ultimate Net Loss", on account of personal injuries, including death at any time resulting therefrom, suffered or alleged to have been suffered by any person orpersons(excluding employees of the Public Entity) and/or damage to or destruction of tangible property, or the loss of use thereof; arising out of any occurrence happening during the coverage period. B. The Pool hereby agrees to pay on behalf of the Public Entity all sums which the Public Entity has become legally obligated to pay for the sale or distribution of alcoholic beverages by reason of any local, state or federal liquor control laws now in force and all laws amendatory thereto; and that such extension includes indemnity for loss of means of support: all provided however that the Public Entity is not engaged in the business of manufacturing, distributing, selling or serving of alcoholic beverages. C. The Pool hereby agrees to pay on behalf of the Public Entity all sums that the Public Entity shall become obligated to pay for Incidental Medical Malpractice Injury. Incidental Medical Malpractice Injury means injury arising out of the rendering of or failure to render, during the coverage period, the following services: 1. Medical, surgical, dental, x-ray or nursing service or treatment or the furnishing of food or beverages in connection therewith; or 2. The furnishing or dispensing of drugs or medical, dental or surgical supplies or appliances 3. Mobile intensive care personnel as defined in Chapter 111I, 4103, or the Illinois statutes are covered for bodily injury arising out of any of the services they are authorized to do under 4104 and forwhich liability is incurred under 4109. CSPAa Draft 11/6/86 This Coverage Does Not Apply to: 1. Any Public Entity engaged in the business or occupation of providing any of the services described under Section C-1 and C-2 above; 2. Injury caused by any indemnitee if such indemnitee is engaged in the business or occupation of providing any of the services described under Section C-1 and C-2 above. D. To pay on behalf of the Public Entity all sums which the Public Entity shall become obligated to pay as a result of the products and/or completed operations hazards as further defined herein. IL EXCLUSIONS This coverage does not apply: A. to any obligation for which the Public Entity or any carrier as his insurer may be held liable under any workers' compensation, unemployment compensation or disability benefits law, or under any similar law: B. to personal injury to any employee of the Public Entity arising out of and in the course of his employment by the Public Entity; but this exclusion does not apply to liability assumed by the Public Entity under an incidental contract: C. to property damage to (1) property owned or occupied by or rented to the Public Entity, (2) property used by the Public Entity, but part (2) of this exclusion does not apply with respect of liability under a written C:11 sidetrack agreement. D. to loss of use of tangible property which has not been physically injured or destroyed resulting from: 1. a delay in or lack of performance by or on behalf of the Named Public Entity of any contract or agreement, or 2. the failure of the Public Entity's products or work performed by or on behalf of the Public Entity to meet the level of performance, quality, fitness or durability warranted or represented by the Public Entity; but this exclusion does not apply to loss of use of other tangible property resulting from the sudden and accidental physical injury to or destruction of the Public Entity's products or work performed by or on behalf of the Public Entity after such products or work have been put to use by any person or organization other than the Public Entity: E. to property damage to the Public Entity's products arising out of such products or any part of such products; F. to damage claimed for the withdrawal, inspection, repair, replacement or loss of the use of the Public Entity's products or work completed by or on behalf of the Public Entity or of any property of which such products or work form a part, if such products, work or property are withdrawn from the market or from use by the Public Entity or any claimant against CBPA4 -2- Draft 11/6/86 the Public Lntity because of any known or suspected defect or deficiency therein. G. to property damage to work performed by or on behalf of the Public Entity arising out of the work or any portion thereof, or out of materials, parts or equipment furnished in connection therewith. H. to liability arising out of aircraft products or reliance upon any representation or warranty made with respect thereto, or to any liability arising out of the grounding of any aircraft; I. to personal injury or property damage arising out of the hazardous properties of nuclear material; J. to personal injury or property damage arising out of the discharge, dispersal, release or escape of smoke, vapors, soot, fumes, acids, alkalis, toxic chemicals, liquids or gases, waste materials or other irritants, contaminants or pollutants into or upon land, the atmosphere or any water course or body of water; but this exclusion does not apply if such discharge, dispersal, release or escape is sudden and accidental; K. to liability imposed upon the Public Entity under the "Employee Retirement Income Security Act of 1974" Securities Act of 1933 or Securities Act of 1934 and any law amendatory thereof, or any similar provision of any Federal, State or local statutory law or common law. L. to liability arising out of the rendering of, or the failure to render, professional services by or on behalf of the Public Entity, for others, in the Public Entity's capacity as an architect, engineer or surveyor, including, but not limited to, any negligent act, error, omission or mistake involving the preparation of surveys, maps, plans, designs or specifications or supervisory inspection or engineering services furnished in connection therewith; M. to personal injury or property damage due to war, (whether or not declared) civil war, insurrection, rebellion or revolution, or to any act or condition incident to any of the foregoing. N. to personal injury or property damage arising out of the ownership, maintenance or use, including loading or unloading, of any aircraft, or any watercraft over 40 feet; O. to personal injury or property damage arising out of the ownership, maintenance or use of any automobile; P. to punitive or exemplary damages; Q. to liability of individuals otherwise covered for acts committed outside of the scope of their duties and powers; R. to causes of action seeking only nonmonetary claims such as injunction, mandamus and declaratory relief; S. to payment of the attorneys' fees of opposing counsel or other court costs where a judgment providing no other monetary relief to the plaintiff is entered; caeca -3- Draft 11/6/86 T. to causes of action where the plaintiff seeks no damages but only the return of tax funds or any other funds alleged to have been paid to or received by the municipality in error or without authority in law; U. to causes of action seeking only back pay or retroactive salary increases based upon alleged discrimination; V. to causes of action alleging improper ads by officers of the public entities who serve as representatives of those entities on other intergovernmental agencies to the extent that such a claim alleges actions performed beyond service as a mere member of the legislative body of such Agency (for example, ads performed by an agency officer.); W. to causes of action involving the ownership, operation or participation of a public entity in any way in an airport facility; X. to liability arising out of or in any way connected with the operation of the principles of eminent domain, condemnation proceedings, or inverse condemnation, by whatever named called, whether such liability accrues directly against the public entity by virtue of any agreement entered into by or on behalf of the public entity; Y. to liability arising or resulting from any Landfill sites owned, operated or in the control of the Public Entity except for those premises operations claims normally found in the ownership or use of an office building. Z. to liability arising or resulting from Hospital or Physician Malpractice. CSOA-1 -4- Draft 11/6/86 III. Definitions: When used in this benefit schedule (including endorsements forming a part hereof) A. "aircraft" means a heavier-than-air vehicle containing an internal power source and designed for the transport of persons or property principally in the air. B. "aircraft products" means aircraft (including missiles or spacecraft) or any other goods or products manufactured, sold, handled or distributed or services provided or recommended by the Public Entity or by others trading under his name for use in the manufacture, repair, operation, maintenance or use of any aircraft. C. "completed operations hazard" includes personal injury and property damage arising out of operations or reliance upon a representation or warranty made at any time with respect thereto, but only if the personal injury or property damage occurs after such operations have been completed or abandoned and occurs away from premises owned by or rented to the public entity. "Operations" include materials, parts or equipment furnished in connection therewith. Operations shall be deemed completed at the earliest of the following times. 1. When all operations to be performed by or on behalf of the Public Entity under the contract have been completed. 2. When all operations to be performed by or on behalf of the Public Entity at the site of the operations have been completed, or 3. When the portion of the work out of which the injury or damage arises has been put to its intended use by any person or organization other than another contractor or subcontractor engaged in performing operations for a principal as a part of the same project. Operations which may require further service or maintenance work, or correction, repair or replacement because of any defect or deficiency, but which are otherwise complete shall be deemed completed. The completed operations hazard does not include personal injury or property damage arising out of 1. operations in connection with the transportation of property, unless the personal injury or property damage arises out of a condition in or on a vehicle created by the loading or unloading thereof. 2. the existence of tools, uninstalled equipment or abandoned or unused materials; D. "defense costs" means attorney's fees, costs and expenses and all other fees, costs and expenses incurred in connection with the investigation, adjustment, defense and appeal of a claim or suit covered hereunder. However, "defense costs" do not include the office expenses of the Pool CBPA4 5- Draft 11/6/86 or the Public Entity nor the salaries of employees or officials of the Pool orthe Public Entity; i` E. "grounding" shall mean the withdrawal of one or more aircraft from flight operations or the imposition of speed, passenger or load restrictions on such aircraft, by reason of the existence of or alleged or suspected existence of any defect, fault or condition in such aircraft or any part thereof sold, handled or distributed by the Public Entity or manufactured, assembled or processed by any other person or organization according to specifications, plans, suggestions, orders or drawings of the Public Entity or with tools, machinery or other equipment furnished to such persons or organizations by the Public Entity, whether such aircraft so withdrawn are owned or operated by the same or different persons or organizations; F. "Public Entity" means any person or organization qualifying as an Public Entity under the Persons or Entities Public Entity section of this coverage. The coverage afforded applies separately to each Public Entity against whom claim is made or suit is brought, except with respect to the limits of the Pool's liability. It is understood and agreed that the word "Public Entity" as defined in this coverage shall also include any trustee, executive officer, other employee, director or stockholder of the Named Public Entity while acting within the scope of his duties as such, except with respect to the ownership, maintenance or use including loading or unloading of automobiles or of aircraft; G. "Public Entity's products" means goods or products manufactured, sold, handled or distributed by the Public Entity or by others trading under his name, including any container thereof (other than a vehicle) but "Public ' Entity's products" shall not include a vending machine or any property other than such a container, rented to or located for use of others but not sold; H. "nuclear material" means source material, special nuclear material, or by product material. I. "source material", "special nuclear material", and "by product material" have the meanings given them in the Atomic Energy Act of 1954 or in any law amendatory thereof; J. "occurrence" means an accident, including injurious exposure to conditions, which results, during the coverage period, in personal injury or property damage neither expected nor intended from the standpoint of the Public Entity; K. "personal injury" means (a) bodily injury, (including death at any time resulting therefrom), sickness, disease, disability, shock, mental anguish and mental injury resulting from bodily injury; (b) false arrest, detention or imprisonment or malicious prosecution; (c) the publication or utterance of a libel or slander, including disparaging statements concern- ing the condition, value, quality or use of real or personal property, or a publication or utterance in violation of rights of privacy; (d) wrongful entry or eviction, or other invasion of the right of private occupancy; (e) discrimination based upon race, religion, nationality, national origin, color, creed, sex or age but excluding discrimination committed by, at the direction of, or with the consent of the Public Entity; and (f) assault and battery, not committed by, at the direction of or with the consent of the CBFea -6- Draft 11/6/86 Public Ent,.,, unless committed or directed for .,,e purpose of protecting persons or property from injury or death; L. "products hazard" includes personal injury and property damage arising out of the Public Entity's products or reliance upon a representation or warranty made at any time with respect thereto, but only if the personal injury or property damage occurs away from premises owned by or rented to the Public Entity and after physical possession of such products has been relinquished to others; M. "property damage" means physical injury to or destruction of tangible property; N. Ultimate Net Loss -The term "ultimate net loss" shall mean the total sum which the Public Entity becomes obligated to pay by reason of personal injury or property damage claims, either through adjudication or compromise, after making proper deductions for all recoveries and salvages, and shall also include hospital, medical and funeral charges and all sums paid as salaries, wages, compensation, fees, charges and law costs, premiums on attachment or appeal bonds, interest, expenses for doctors, lawyers, nurses and investigators and other persons, and for litigation, settlement, adjustment and investigation of claims and suits which are paid as a consequence of any occurrence covered hereunder, excluding only the salaries of the Named Public Entity's permanent employees and fees, charges and expenses incurred by Entity and the Claims Service fees for services performed within the contract between the Public Entity and Claims Service Company. O.. "Watercraft" means a vehicle designed for the transport of persons or property principally on water. �w OPA-I -7- Draft 1116186 IV. Stop-Gap Supplement: A. Declaration: The Public Entity named in this program declares that he has complied with the provisions of all workers' compensation or industrial insurance acts, laws,statutes of codes of the state of: Illinois with respect to all employees of the Public Entity subject to the compulsory provisions and, if applicable,the elective adoption provisions of such ads, law, statutes or codes, and 1. thereby has insured payment of all required compensation and medical benefits to any such employee injured in the course of his employment; 2. has obligated himself to report the remuneration, number of "workmen hours" or other required basis of premium developed by all such employees, to the department, commission, or board as prescribed by said acts, laws statutes or codes. B. Insuring Agreement: It is agreed that if it is determined that any such employee sustains an injury in the course of or arising out of his employment; but is not entitled to received, or elects not to accept the benefits provided by such acts, laws, statutes or codes, then this supplement shall cover the legal liability of the Public Entity for such bodily injury, including disease or death resulting therefrom. C. Exclusions: This supplement does not apply to: 1. bodily injury, disease or death suffered by a master or member of a crew of any vessel or by any employee of the Public Entity in the course of an employment subject to the United States Longshoremen's and Harbor Workers' Compensation Act or the Federal Employers Liability Act; 2. bodily injury, disease or death suffered by any person knowingly employed by the Public Entity in violation of any law as to age, or under the age of 14 years regardless of any such laws; 3. bodily injury, disease or death suffered or caused by any employee whose remuneration has not been included in the total renumeration upon which premium for this supplement is based; 4. aircraft operation or the performance of any duty in connection with aircraft while in flight; 5. any premium, assessment, penal%y, fine, benefits, or other obligation imposed yy any workers' C5PG-1 -8- Draft 11/6/86 compensation, unemployment compensation or disability benefits law or under any similar law; 6. any claim for bodily inJ'ury, disease or death with respect to which the Public Entity is deprived of any defense or defenses, or is otherwise subject to penalty because of default in premium payment under or any other failure to comply with the provisions of any act, law, statute or code described in the declaration above. 7. any injury sustained because of any act committed intentionally by or at the direction of the Public Entity. None of the exclusions of this coverage to which this endorsement is attached apply except exclusions and definitions applicable to the hazards of nuclear energy and other hazards thereto. Exclusion (8) shall not exclude coverage for the legal liability of the Public Entity, other than benefits or compensation provided for under any workers' compensation act, resulting from the deliberate intentional act of an employee or agent to produce injury or death to another employee when such act is committed within the scope of employment. D. Supplement Period: This supplement applies only to accidents or occurrences happening on and after the effective date hereof and during the insurance period. E. Coverage Provisions: None of the coverage agreements, conditions or other terms shall apply to the benefits afforded by this supplement except the following agreements and conditions: Notice of Accident or Occurrence, Severability of Interest, Other Insurance, Action Against Company, Defense, Settlement, Supplementary Payments, Assistance and Cooperation of the Insured, Notice of Claim or Suit, Subrogation, csvq., -9- Draft 11/6/86 SECTION TWO COMPREHENSIVE AUTOMOBILE LIABILITY I. Coverage Agreements: The Pool will pay on behalf of the Public Entity all sums which the Public Entity shall become legally obligated to pay as damages because of A. Bodily Injury D. Nonowned Automobile Liability B. Property Damage E. Hired Automobile Liability C. Medical Payments J. Personal Injury Protection to which this certificate applies, caused by an occurrence and arising out of the ownership, maintenance or use, including loading and unloading of any automobile, and the Pool shall have the right to defend any suit against the Public Entity seeking damages on account of such bodily injury or property damage. 11. Exclusions: This coverage does not apply: A. to any obligation for which the Public Entity or any carrier as his insurer may be held liable under any Workers' Compensation, Unemployment Compensation or Disability Benefits law, or under any similar law; B. to bodily injury to any employee of the Public Entity arising out of and in f the course of his employment by the Public Entity or to any obligation of the Public Entity to indemnify another because of damages arising out of such injury; but this exclusion does not apply to any such injury arising out of and in the course of domestic employment by the Public Entity unless benefits therefor are in whole or in part either payable or required to be provided under any workers' compensation law; or any liability under any personal injury protection (no-fault) statute; C. to property damage to 1. property owned or being transported by the Public Entity, or 2. property rented to or in the care, custody or control of the Public Entity, or to which the Public Entity is for any purpose exercising physical control, other than property damage to a residence or private garage by a private passenger automobile covered by this agreement; D. to bodily injury or property damage due to war,whether or not declared, . civil war, insurrection, rebellion or revolution or to any ad or condition incident to any of the foregoing, with respect to expenses for first aid under the Medical Payments provision; E. to bodily injury or property damage arising out of the discharge, dispersal, release or escape of smoke, vapors, soot, fumes, acids, alkalis, toxic chemicals, liquids or gases, waste materials or other irritants, contaminants or pollutants into or upon land, the atmosphere or any Cen» _10- Draft 11/6/86 ' watercourse or body of water; but this exclusion does not apply if such discharge, dispersal, release or escape is sudden and accidental. III. Covered Entity: A. the Public Entity; B. any trustee or executive officer thereof, but with respect to a non- owned automobile only while such automobile is being used in the business of the Public Entity; C. any other person while using an owned automobile or a hired automobile with the permission of the Public Entity, provided his actual operation or (if he is not operating) his other actual use thereof is within the scope of such permission, but with respect to bodily injury or property damage arising out of the loading or unloading thereof, such other person shall be a Public Entity only if he is: 1. a lessee or borrower of the automobile, or 2. an employee of the Public Entity or of such lessee or borrower; D. any other person or organization but only with respect to his or its liability because of acts or omissions of an Public Entity under (a), (b) or (c) above. E. None of the following is a Public Entity: 1. any person while engaged in the business of his employer with Crespect to bodily injury to any fellow employee of such person: injured in the course of his employment; 2. the owner or lessee (of whom the Public Entity is a sub- lessee) of a hired automobile or the owner of a nonowned automobile, or any agent or employee of any such owner or lessee; 3. a trustee or an executive officer with respect to an automobile owned by him or by a member of his household; F. This coverage does not apply to bodily injury or property damage arising out of (1) a nonowned automobile used in the conduct of any partnership or ,joint venture of which the Public Entity is a partner or member and which is not designated in this benefit schedule as a Public Entity, or (2) if the Public Entity is a partnership, an automobile owned by or registered in the name of a partner thereof. IV. LIMITS OF LIABILITY Regardless of the number of (1) public entities under this coverage, (2) persons or organizations who sustain bodily injury or property damage, (3) claims made or suits brought on account of bodily injury or property damage or (4) automobiles to which this coverage applies, the Pool's liability is limited as follows: CoverageA - The limit of bodily injury liability stated in the schedule as applicable to "each entity" is the limit of the Pool's liability for all damages, including damages for'care and loss of C9nnd -��- Draft 11/6/86 services, because of bodily injury sustained by one entity as the result of any one occurrence; but subject to the above provision respecting ' each entity", the total liability of the Pool for all damages, including damages for care and loss of services, because of bodily injury sustained by two or more persons as the result of any one occurrence shall not exceed the limit of bodily in)ury liability stated in the schedule as applicable to "each occurrence '. Coverage 8 - The total liability of the Pool for all damages because of all property damage sustained by one or more persons or organizations as the result of any one occurrence shall not exceed the limit of property damage liability stated in the schedule as applicable to "each occurrence". Coverage A and 8 - For the purpose of determining the limit of the Pool's liability, all bodily injury and property damage arising out of continuous or repeated exposure to substantially the same general conditions shall be considered as arising out of one occurrence. V. DEFINITIONS When used in reference to this coverage: "hired automobile" means an automobile not owned by the Public Entity which is used under contract in behalf of, or loaned to, the Public Entity, provided such automobile is not owned by or registered in the name of (a) a partner or executive officer of the Public Entity or (b) an employee or agent of the Public Entity who is granted an operating allowance of any sort for the use of such automobile; "nonowned automobile" means an automobile which is neither an owned automobile nora hired automobile; "owned automobile" means an automobile owned by the Named Public Entity; "private passenger automobile" means a four-wheel private passenger or station wagon-type automobile; VI. CONDITIONS Excess- Hired and Nonowned Automobiles With respect to a hired automobile, or a nonowned automobile, this certificate shall be excess over any other valid and collectible insurance available to the Public Entity. Draft 11/6/86 SECTION THREE ' ERRORS AND OMISSIONS THIS IS A CLAIMS MADE COVERAGE PART The Pool agrees, subject to the terms and conditions hereof,to pay on behalf of the Public Entity (as herein defined) any claims or claims made against them individually or collectively during the period of this coverage, by reason of a wrongful act, error or omission, whenever or wherever committed or alleged to have been committed while acting in their capacity as an official, trustee, director or council member. IT 15 FURTHER agreed: (1) There shall be no liability hereunder for any claim made against the Public Entity for any wrongful act, error or omission committed or alleged to have been committed prior to the retroactive date. (2) In the event of nonrenewal or termination of this Certificate, then this coverage shall extend to apply to claims made against the Public Entity during the twelve (12) calendar months following immediately upon such expiration or termination, but only for wrongful act, error or omission, committed or alleged to have been committed between the Retroactive Date and such expiration or termination. For the purposes of this Section the word "Public Entity" shall mean the Public Entity named in the Declarations including all persons who were, now or shall be lawfully elected or lawfully appointed officials, trustees, directors or council members of the Public Entity connected entity in the regular service of the Public Entity during the existence of this coverage, and any heir, executor, administrator, assign or legal representative of said persons in the event of their death or incapacity. The Pool shall not be liable to make payment for loss in connection with any claim . made against the Public Entity if a judgment or final adjudication in any action brought against the Public Entity shall be based on a determination that acts of fraud or dishonesty or acts outside their capacity as an official were committed by the Public Entity. The Pool shall not be liable to make payment for loss in connection with any claims under this coverage part resulting from EEOC or anti-trust violations. This section is subject to all terms and conditions of Section I of this Coverage agreement. COPA4 -13- Draft 11/6/86 GENERAL CONDITIONS ALL SECTIONS r- A. Inspection and Audit The Pool shall be permitted but not obligated to inspect the Public Entity's property and operations at any time. Neither the Pool's right to make inspections nor the making thereof nor any report thereon shall constitute an undertaking, on behalf of or for the benefit of the Public Entity or others, to determine or warrant that such property or operations are safe. The Named Public Entity shall maintain records of cuch information as is necessary for premium computation, and shall send copies of such records to the Pool at the end of the coverage period and such times during the coverage period as the Pool may direct. The Pool may examine and auditthe Public Entity's books and records at any time during the coverage period and extensions thereof and within three years after the final termination of this coverage, as far as they relate to the subject matter of this coverage. B. Public Entity's Duties in the Event of Occurrence, Claim or Suit 1. It is the responsibility of the Public Entity to report to the Secretary of the Agency and the claims administrator, at the earliest practicable moment, any information of an occurrence received by the Entity and from which the Member could reasonably conclude that coverage from the Agency will be sought. In the event that the required information is not submitted to the Secretary and claims administrator with the time periods set forth above, the Board of Directors of the Agency, may in whole or in part decline to provide a defense to the Member or to extend the funds of the Agency for the payment of losses or damages incurred. In reaching its decision, the Board shall consider whether and to what extend the Agency was prejudiced in its ability to investigate, defend or earlier settle the claim due to the failure of the Member to promptly furnish notice of the claim to the Secretary. In the absence of a fraud or a clear abuse of discretion, the decision of the Board of Directors shall be final. Information must be furnished to the Agency not.only at the time that a claim is made which could reasonably be expected to be within the scope of coverage of the Agency, but also updated information must be provided as the nature of the claim becomes more fully known and litigation occurs and proceeds. Information must also be furnished if a claim reasonably thought to be below the level of the scope of coverage provided by the Agency should approach or be asserted by the claimant to fall within the scope of coverages. 2. In addition to any notice requirements above, the following shall also apply: a. The Pool shall not be called upon to assume charge of the settlement or defense of any claim made or suit brought or proceedings instituted against the Public Entity, but the Pool shall have the right and shall be given the opportunity to associate with the Public Entity in the defense and control of any claim, suit or proceeding relative to an occurrence where the claim or suit involves, or appears reasonably likely to involve, the Pool, in which event the Public Entity and the Pool shall cooperate in all things in the defense of such claim, suit or proceeding. b. In the event of an occurrence reasonably likely to involve the Pool; or the setting of a reserve on any claim or suit including CB>4.1 -14- Draft 11/6/86 multipie claims or suits arising out of one occurrence, such reserve being fifty percent or more of the retained limit; Title 42 USC 1983 cases with reserves of twenty five percent or more • of the retained limit; or regardless of reserve, any occurrence involving: 1. One or more fatalities, 2. Loss of a limb, 3. Loss of use of any sensory organ, 4. Quadriplegia or paraplegia, 5. Third degree burns involving ten percent or more of the body, 6. Serious facial disfigurement, 7. Paralysis; written notice containing particulars sufficient to identify the Public Entity and also reasonably obtainable information with respect to the time, place and circumstances thereof, and the names and addresses of the Public Entity and of available witnesses, shall be given by or for the Public Entity to the Pool or any of its authorized agents as soon as practicable. C. If claim is made or suit is brought against the Public Entity, the Public Entity shall be obligated upon demand to forward to the Pool every demand, notice, summons or other process received by him or his representative. d. The Public Entity shall cooperate with the Pool and upon its request assist in making settlements, in the conduct of suits and in enforcing any right of contribution or indemnity against any person or organization who may be liable to the Public Entity because of coverage afforded; and the Public Entity shall attend hearings and trials and assist in securing and giving evidence and obtaining the attendance of witnesses. The Public Entity shall not, except at its own cost, voluntarily make any payment, assume any obligation or incur any expense on behalf of the Pool without written authority from the Pool. e. In the event that the amount of ultimate net loss becomes certain either through trial courtudgment or agreement by the Public Entity, the claimant and the Pool as being in excess of the Public Entity's Retention per occurrence,then the Public Entity may pay the amount of ultimate net loss to the claimant to effect settlement and the Pool will, upon request of the Public Entity, make such payment to the claimant on behalf of the Public Entity any payments in excess of the retained limits of liability up to the further sum stated in the Declaration with respect to each occurrence subject to the limit in the aggregate where applicable for each annual period during the currency of this coverage. f. The Public Entity shall not make any payment, settlement or admission of liability in respect of any claim for injury or disease for which the Pool may be liable without the prior consent of the Pool. CSPnd 5' Draft 11/6/86 g. In respect of claims for which they may be liable, the Pool shall be entitled to take over the conduct of the proceedings and/or to nominate the Attorneys or Assessors to be employed. The : Pool shall be entitled to use the name of the Public Entity for all purposes connected with the settlement of claims or the bringing or enforcing or of defending arbitrations or legal or other proceedings and the Public Entity shall give the Pool all necessary information and assistance with regard thereto. h. The Public Entity shall use due diligence and concur in doing all things reasonably practicable to avoid or diminish any loss. C. Appeals In the event the Public Entity elects not to appeal a judgment in excess of the retained limit, the Pool may elect to do so at its own expense, but in no event shall the liability of the Pool for the Ultimate Net Loss exceed the applicable amount specified in the Limits of Liability Section of the Declarations plus all defense costs necessary and incident to such appeal and interest occurring on the judgment after its entry in a ratio which its proportions of the liability for the judgment rendered bears to the entire amount of said judgment and before the Pool has paid or tendered or deposited in court that part of the judgment which does not exceed the limit of the Pool's liability thereon. D. Action Against The Pool No action shall lie against the Pool with respect to any one occurrence unless, as a condition precedent thereto, the Public Entity shall have fully complied with all the terms of this coverage, nor until the amount of the Public Entity ( obligation to pay an amount of ultimate net loss in excess of the retained limit shall have been finally determined either by judgment against the Public Entity after actual trial or by written agreement of the Public Entity, the claimant and the Pool. Any person or organization or the legal representative thereof who has secured such judgment or written agreement shall thereafter be entitled to recover under this benefit schedule to the extent of the certificate afforded by this benefit schedule. Nothing contained in this benefit schedule shall give any person or organization any right to join the Pool as a co- defendant in any action against the Public Entity to determine the Public. Entity's liability. Bankruptcy or insolvency of the Public Entity shall not relieve the Pool of any of its obligations hereunder. E. Other Coverage If collectible coverage with any other insurer is available to the Public Entity covering a loss also covered hereunder (whether on a primary, excess or contingent basis), the certificate hereunder shall be in excess of, and shall not contribute with, such other certificate; provided that this clause does not apply with respect to excess coverage purchased specifically to be in excess of this benefit schedule. F. Subrogation The Pool shall be subrogated to the extent of any payment hereunder to all the Public Entity's rights of recovery therefor; and the Public Entity shall do CBPc-I -16- Graft 11/6/86 _ nothing after lox,to prejudice such rights and shall do everything necessary to secure such rights. Any amount so recovered shall be apportioned as follows: Any interest (including the Public Entity's) having paid an amount in excess of the retained limit plus the limit of liability hereunder shall be reimbursed first to the extent of actual payment. The Pool shall be reimbursed next to the extent of its actual payment hereunder. If.any balance then remains unpaid, it shall be applied to reimburse the Public Entity. The Expenses of all such recovery proceedings shall be apportioned in the ratio of respective recoveries. If there is no recovery in proceedings conducted solely by the Pool, it shall bear the expenses thereof. G. Changes Notice to any agent or knowledge Possessed by any agent or by any other person shall not effect a waiver or a change in any part of this coverage or stop the Pool from asserting any right under the terms of this coverage; nor shall the terms of this coverage be waived or changed, except by endorsement issued to form a part of this benefit schedule. H. Assignment Assignment of interest under this coverage shall not bind the Pool until its consent is endorsed hereon; if, however, a covered individual shall die, such coverage shall apply (a) to the Named Public Entity's legal representative, as the Named Public Entity, but only while acting within the scope of his duties as such, and (b) with respect to the property of the Public Entity, to the person having proper temporary custody thereof, as Public Entity, but only until the appointment and qualification of the legal representative. I. Cancellation This coverage may be canceled by the Public Entity during the first year by F1iving written notice to the Chairman of the Board of Directors within fifteen 5) days after the close of the first fiscal year. In addition, cancellation can be effective midterm at the date that the Pool requires the Public Entity to execute documents providing for their retirement or repayment of a debt instrument. This coverage may be canceled by the Pool by mailing written notice to the Public Entity stating when, not less than thirty (30) days thereafter, such cancellation shall become effective. Such cancellation may be carried out for one or more of the following reasons: 1. Failure to make any payments due to the Agency. 2. Failure to undertake or continue loss reduction and prevention procedures adopted by the Agency. 3. Failure to allow the Agency reasonable access to all facilities of the Member and all records which relate to the purpose or powers of the Agency. 4. Failure to furnish full cooperation with the Agency's attorneys, claims administrator and any agent, employee, officer or independent contractor of the Agency. CBPR-1 -17- Draft 11/6/86 5. Furnish incorrect financial, claims history or other information to the Agency. 6. A history of excessive pending or closed claims or losses which in the absolute discretion of the Board of Directors creates an unacceptable risk of similar adverse future claims or losses. 7. Failure to carry out any obligation of a Member which impairs the ability of the Agency,to carry out its purpose or powers. If the Public Entity or the Pool cancels, earned premium will be computed on a pro rata basis. J. Territory This coverage applies only to claims occurring: Anywhere in the world provided the original suit for such damage is brought within the United States of America, its territories or possessions, or Canada. K. Cumulation of Limits An "occurrence" with a duration of more than one coverage period shall be treated as a single "occurrence" arising during the coverage period when the "occurrence" begins. C9V4A p- PROBABLE MEMBERS Arlington Heights $ 112,533 Bolingbrook 53,394 Deerfield 34,528 Des Plaines 109,934 Elk Grove Village 73,813 Glenview 60,024 Highland Park 74,397 Hoffman Estates 63,723 Lincolnshire 12,968 Moline 106,962 Morton Grove 45,559 Mount Prospect 74,951 Northbrook 55,593 Park Ridge 60,401 Skokie 101,506 Streamwood 40,358 Winnetka 43,145 Total Premium $1,123,789