(A) There is hereby established a Health Insurance Fund 0751 for the purpose of accounting for the receipts and disbursements of the health insurance activities.
(B) Monies deposited in said Fund shall be used for the payment of health insurance claims.
(C) Monies from said Fund may be disbursed only on approved claims allowed by the Common Council;
(D) Said fund shall be perpetual in nature; however, should the Fund terminate for any lawful reason, any balance of said Fund shall be transferred to the Self-Insurance Fund 0504.
(Ord. 11-0037, passed 12-26-2011)