(A) An account shall be established to be known as the County Highway Department Self-Insurance Fund which shall be independent and non-reverting. Such fund shall be used solely for the payment of loss due to insured collision claims normally covered by collision insurance up to a maximum of the fund balance per claim. Deductible shall be $1,000 per loss.
(B) All funds recovered for losses paid out of the fund shall be paid into the fund and not into the County Highway Fund. Motor Vehicle Highway Funds, received by the County Highway Department for the purpose of funding self-insurance of uninsured collision loss shall be paid into the fund.
(Ord. 88-41-CM, passed 12-5-88)