161.01 SELF-INSURANCE FUND.

(a) Based upon the unavailability of general liability insurance for the City of Norwalk at reasonable premium rates, there be and hereby is established a self-insurance fund for the City.

(b) The funds previously appropriated for the payment of premiums for general liability insurance are hereby transferred to the self-insurance fund and the Director of Finance is hereby directed to deposit such funds in the self-insurance account.

(c) The Director of Finance is authorized to expend the above described funds and withdraw from the above described account any and all funds necessary to provide for the prevention, investigation, defense, and settlement or payment of judgments for claims made against the City which are not covered under presently existing insurance policies of the City.

(Ord. 85-60. Passed 12-3-85.)

Disclaimer: This Code of Ordinances and/or any other documents that appear on this site may not reflect the most current legislation adopted by the Municipality. American Legal Publishing provides these documents for informational purposes only. These documents should not be relied upon as the definitive authority for local legislation. Additionally, the formatting and pagination of the posted documents varies from the formatting and pagination of the official copy. The official printed copy of a Code of Ordinances should be consulted prior to any action being taken. For further information regarding the official version of any of this Code of Ordinances or other documents posted on this site, please contact the Municipality directly or contact American Legal Publishing toll-free at 800-445-5588.

Hosted by: American Legal Publishing

Back to Code Library

Previous Doc

Next Doc