“Administrator” means the risk manager appointed by the city manager. Any administrator appointed hereunder must be licensed as required by A.R.S. § 20-281 et seq., or certified as an insurance administrator under A.R.S. § 20-485 et seq.
“Trust” means the City of Tucson, Arizona, Self-Insured Risk Trust.
“Trust agreement” means the declaration of trust entered into by and between City of Tucson, a political subdivision of the State of Arizona and the individuals executing the declaration of trust, as trustees, setting forth the powers and duties of the trustees and the administrator; a stop loss provision, and other terms and conditions.
"Trustees" or "trustee" means individuals appointed by the mayor and council in accordance with section 18-7 to oversee the funding and investment of the trust. The trustees are collectively referred to herein as the board of trustees.
(Ord. No. 11832, § 2, 5-4-21)