83-055 - WA Cities Insurance Authority (WCIA)

Browse Search

ARTICLE 12 ARTICLE 13 8 Insurance Coverage (a) The insurance coverage provided for Member Cities by the Authority shall allow or require protection for comprehensive liability, personal injury, errors and omissions, contractual liability, and such other areas of coverage as the State shall require or the Board shall determine. (b) The Authority shall maintain an insurance limit for Member Cities determined by the Board of Directors to be adequate. The Board may arrange purchase of a group policy for Member Cities interested in obtaining additional coverage above this limit, at an additional cost to those participating Cities. (c) The Board may arrange for the purchase of any other insurance deemed necessary to protect the funds of the Authority against catastrophes. Development of the Joint Protection Program (a) As soon as practicable after the effective date of this Agreement, but prior to the effective date of the Joint Protection Program, the Board of Directors shall adopt the Authority's Joint Protection Program, including the insurance coverage provided for in Article 12, the amount of initial premiums, the precise cost allocation plan and formula, the pro forma financial statement of the Authority, and the amount and type of excess insurance to be procured. (b) The Joint Protection Program provided by the Authority shall extend to all city department operations except transit, aviation and hospitals, unless otherwise excluded by the Board of Directors. (c) The initial premium for each City shall be determined by the Board, in its discretion, based upon a fair formula which shall consider, but not be limited to, total City payroll, administrative experience of the City, the previous loss experience of the City, the liability risks of the City and the costs to the Authority of adding the City as a member.