City of Racine - File #: Res.10-2297

• File #: Res.10-2297
• Version: A
• Name: Approval granted for the City to purchase 2011 Health Insurance Stop Loss Coverage with SLG through the Horton Group
• Type: Resolution
• Status: Passed
• File created: 12/7/2010
• In control: City Attorney's Office
• Final action: 12/7/2010
• Title: Approval granted for the City to purchase 2011 Health Insurance Stop Loss Coverage with SLG through the Horton Group Resolved, that the City purchase 2011 Health Insurance Stop Loss Coverage with SLG through the Horton Group at a stop loss level of $200,000 with a discounted broker commission of 7%, for a total annual premium of $785,943.24. FISCAL NOTE: There is sufficient funding in the Health Insurance Fund to cover the premium. All claims received will be deposited back into the Health Insurance Fund.
• Sponsors: James Spangenberg
• Related files: 10-5814

Date	Ver.	Action By	Action	Result
12/7/2010	A	Common Council	Adopted	Pass

Sponsor

Alderman Spangenberg

Title

Approval granted for the City to purchase 2011 Health Insurance Stop Loss Coverage with SLG through the Horton Group

Resolved, that the City purchase 2011 Health Insurance Stop Loss Coverage with SLG through the Horton Group at a stop loss level of $200,000 with a discounted broker commission of 7%, for a total annual premium of $785,943.24.

FISCAL NOTE:  There is sufficient funding in the Health Insurance Fund to cover the premium.  All claims received will be deposited back into the Health Insurance Fund.