Joint Protection Programs definition

Joint Protection Programs means any program to provide risk sharing or insurance coverage under this Agreement 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 City properties and from injuries to persons or property caused by the operations of Member Cities and the funding of those risks, together with any other functions appropriate or necessary to the functioning of the Joint Protection Program.
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Examples of Joint Protection Programs in a sentence

  • The Joint Protection Programs offered by the Authority constitute negotiated agreements among the Members which are to be interpreted according to the principles of contract law, giving full effect to the intent of the Members, acting through the Board of Directors in establishing the Programs.

  • The Authority shall establish and maintain such funds and accounts as required by the Board of Directors and as required by generally accepted accounting principles, including separate funds and accounts for each Program, including Joint Protection Programs.

  • The new member whose representative signs this agreement shall have the benefits of the Joint Protection Programs and obligations thereto as provided by the Washington Cities Insurance Authority commencing at 12:01 a.m. on January 1, 2022, for the property and auto physical damage programs, and at 12:01 a.m. on February 1, 2022, for the liability program.

  • The new member whose representative signs this agreement shall have the benefits of the Joint Protection Programs and obligations thereto as provided by the Washington Cities Insurance Authority commencing at 12:01 a.m., April 26, 2021.

  • Any and all rights, entitlements, benefits, and obligations after withdrawal or termination shall be subject to ongoing obligations and responsibilities agreed to by a Member District by agreeing to participate in any pooled Joint Protection Programs.

  • Upon any withdrawal or involuntary termination of a Member City, the said Member City shall continue to be responsible for any unpaid insurance premiums, deposit premiums, surcharges, administration costs, and claims and for any debts and assessments in accordance with the provisions of this Agreement, the Bylaws, Resolutions, and the Master Plan Documents of Joint Protection Programs in which the Member City has participated.

  • These Joint Protection Programs shall be provided through pooled funding arrangements, the purchase of insurance coverages, or a combination thereof.

  • These Joint Protection Programs shall also seek to reduce the amount and frequency of losses through strong safety and loss control measures and the use of good risk management practices.

  • There are no Tax Liens on any of the assets of HoldCo that resulted from the failure, or alleged failure, to pay Taxes due or payable.

  • The Executive Committee may at any time, and from time to time, offer to the Board for adoption such Joint Protection Programs as may be deemed desirable.