The city shall provide for self-insurance or insurance for the following risks:
(A) All risks for which immunity has been waived under the provisions of the Tort Claims Act;
(B) All risks arising under the laws of jurisdictions other than New Mexico, including but not limited to other states, territories and possessions, and the United States of America; and
(C) For all other risks for which the Chief Administrative Officer deems it reasonable to provide for insurance or reserves. These risks shall be set forth in the Risk Management Manual and approved by the Chief Administrative Officer.
('74 Code, § 1-15-7) (Ord. 95-1983; Am. Ord. 66-1986)