RESOLUTION TO ADOPT THE MEMBER AGREEMENT TO JOIN
THE VIRGINIA ASSOCIATION OF COUNTIES
GROUP SELF INSURANCE RISK POOL
WHEREAS, Albemarle County desires to protect against liability claims and property losses and to provide for payment of claims or losses for which the county may be liable; and
WHEREAS, the Virginia Association of Counties Group Self Insurance Risk Pool, aka VACoRP, has been established pursuant to Chapter 27 (§ 15.2-2700 et seq.) and Title 15.2 of the code of Virginia; and
WHEREAS, it is desirable for Albemarle County to join the Virginia Association of Counties Group Self Insurance Risk Pool in order to provide a method of risk sharing for liability claims and property losses.
NOW, THEREFORE, BE IT RESOLVED that the Albemarle County Board of Supervisors hereby agrees to participate under the member agreement entitled “Member Agreement for Virginia Association of Counties Group Self Insurance Risk Pool” which creates a group fund to pay liability claims and property losses of the counties and other local agencies joining the Group, and acknowledges that the County has received a copy of the pertinent Plan and supporting documents.
BE IT FURTHER RESOLVED that the Finance Director is authorized to execute the member agreement to join the Virginia Association of Counties Group Self Insurance Risk Pool and to act on behalf of Albemarle County in any other matter relative to the Group.
Return to executive summary