Joint Protection Program means a Coverage Program offered by FRMS, separate and distinct from other Coverage Programs, wherein Members shall jointly pool their losses and claims, jointly purchase excess or re-insurance and administrative and other services including claims adjusting, data processing, risk management consulting and brokerage, loss prevention, legal, accounting and auditing and related services.
Joint Protection Program means a Program offered by the Authority, separate and distinct from other Programs, wherein Members will jointly pool their losses and claims, jointly purchase Excess or Re-Insurance and administrative and other services, including claims adjusting, data processing, risk management consulting, loss prevention, legal and related services.
Joint Protection Program means the program of establishing the risk protection provided for in this First Amended Agreement;
Examples of Joint Protection Program in a sentence
The Executive Director shall be appointed by the Board and shall have the general administrative responsibility for the activities of the Joint Protection Program.
The Authority shall, pursuant to the Bylaws, annually adopt an operating budget, including budgets for each Joint Protection Program.
Legal acquisition to ADD Water supplies and development and financing for the necessary delivery infrastructure will be a future phase of this item.
Each Member shall be entitled to one vote for each One Thousand Dollars ($1,000.00) of contribution paid by that Member for the Joint Protection Program coverage then in effect.
In order to become a Member and remain a Member, any District must be a member in good standing of CSDA, shall participate in at least one (1) Joint Protection Program and shall be authorized to exercise the common powers set forth in this Agreement.
More Definitions of Joint Protection Program
Joint Protection Program means the program established by the Board of Directors and intended to address the general operation of the Agency.
Joint Protection Program or “Program” shall mean the operation of the Authority under which the Member Agencies are protected against designated losses, through pooling of self-insured funds, joint purchase of commercial insurance, or any combination as determined by the Board.
Joint Protection Program means the program of establishing the coverage provided for by this Agreement, of determining the amount of initial assessments, of adopting a precise cost allocation plan and formula, of preparing pro forma financial statements of the System, and of determining the amount and type of any excess insurance to be procured. Included within the term “Joint Protection Program, “ is the identification of exposures to accidental loss or illness, the reduction or limitation of losses to Member District properties (real or personal) and from injuries to persons or property caused by the operations of a Member District, and the prudent funding of these risks. Where claims arise, the System will process or cause to be processed such claims, investigate their validity, and settle or defend against such claims within the financial limits established by the Board of Directors. The System will tabulate such claims, costs and losses and carry out other assigned duties. Also included within the “Joint Protection Program” is any Mid-Layer Pool or other function necessary to the operation of the program.
Joint Protection Program or “Program” shall mean the operation of the Authority under which the Member Agencies are protected against designated
Joint Protection Program means any program to provide risk sharing or insurance coverage under the Agreement and these Bylaws and shall include a determination as to the amount of initial insurance premiums and/or deposit premiums, a precise allocation plan and formula, and a determination of the amount and type, if any, of excess insurance to be purchased. Included within the term joint protection program is the identification of exposures to accidental loss, the reduction or limitation of losses to Member District properties and from injuries to persons or property caused by the operations of Member Districts and the funding of those risks, together with any other functions appropriate or necessary to the functioning of the joint protection program.
Joint Protection Program means any program to provide risk sharing or insurance
Joint Protection Program means the program of establishing the coverage provided for by this Agreement, of determining the amount of initial assessments, of adopting a precise cost allocation plan and formula, of preparing pro forma financial statements of the System, and of determining the amount and type of any excess insurance to be procured. Included within the term “Joint Protection Program,“ is the identification of exposures to accidental loss or illness, the reduction or limitation of losses to member district properties and from injuries to persons or property (real or personal) caused by the operations of Member District, and the prudent funding of these risks. Where claims arise, the System will process or cause to be processed such claims, investigate their validity, and settle or defend against such claims within the financial limits established by the Board. The System will tabulate such claims, costs and losses and carry out other assigned duties. Also included within the “Joint Protection Program” is any other function necessary to the operation of the program.