City of Racine - File #: Res.07-0572

• File #: Res.07-0572
• Version: A
• Name: Adopt Stop Loss Insurance Plan for 2008
• Type: Resolution
• Status: Passed
• File created: 12/18/2007
• In control: City Attorney's Office
• Final action: 12/18/2007
• Title: Adopt Stop Loss Insurance Plan for 2008 Resolved, that the City adopt purchase Stop Loss Insurance program thru Sun Life Financial as proposed with an annual premium amount of $564,224.88 and an annual deductible of $200,000.00, and that the Mayor and City Clerk be authorized and directed to enter into the agreement with Sun Life Financial for the Stop Loss Insurance program with funds to be appropriated from an appropriate account. Fiscal Note: It is anticipated that the additional premium will be offset by reduced liability exposure and policy payoffs.
• Sponsors: Thomas Friedel1
• Related files: 07-1515

Date	Ver.	Action By	Action	Result
12/18/2007	A	Common Council	Adopted	Pass

Sponsor

Alderman Friedel

Title

Adopt Stop Loss Insurance Plan for 2008

Resolved, that the City adopt purchase Stop Loss Insurance program thru Sun Life Financial as proposed with an annual premium amount of $564,224.88 and an annual deductible of $200,000.00, and that the Mayor and City Clerk be authorized and directed to enter into the agreement with Sun Life Financial for the Stop Loss Insurance program with funds to be appropriated from an appropriate account.

Fiscal Note:   It is anticipated that the additional premium will be offset by reduced liability exposure and policy payoffs.