Joint Protection Program definition

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.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

• This purpose shall be accomplished through the exercise of the powers of the Members jointly in operating the Utah Risk Management Agency and administering the Joint Protection Program, whereby Members pool their resources to protect against losses and claims, jointly purchase excess insurance (if available) and obtain administrative services including claims adjusting, data processing, risk management consulting, loss prevention, legal and related services.

• The Executive Director shall be appointed by the Board and shall have the general administrative responsibility for the activities of the Joint Protection Program.

• 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.

More Definitions of Joint Protection Program

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 established by the Board of Directors and intended to address the general operation of the Agency.

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 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

Joint Protection Program means the program of establishing the coverage provided for by this Agreement, of determining the amount of initial assessments,

Joint Protection Program means the program of establishing the risk protection provided for in the First Amended Agreement;