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F - <br />LIAR 61990 <br />BOOK FAI, F 481 <br />SIVF.R INSURANCE MANAGEMENT CONSULTANTS <br />5) A representative of the participant or department <br />against whom the claim is asserted. <br />The tlanual sets forth the manner in which the <br />Compensation Claims Committee will meet to consider <br />claims, with a settlement authority of $50,000 per <br />accident. <br />Claims beyond the authority of the Compensation Claims <br />Committee shall be referred to the Board as set forth in <br />the Manual. <br />SWC/#17 <br />IRCIIAN1-5 <br />Indron Riva Cn Approved Oale <br />Admin. <br />Lega! <br />ev <br />Q-13- tiff <br />Budget <br />Devi. <br />Risk Mgr. <br />ALV <br />Commissioner Scurlock asked how often we would have Coopers - <br />Lybrand or another firm do an analysis, and Mr. Cordes explained <br />that an analysis would be done once a year. <br />Commissioner Scurlock felt he has not met a more professional <br />group than Sivers, and felt our staff has done a great job on this <br />and we are proud of the whole operation. <br />Administrator Chandler explained that this has to be <br />established by ordinance because we are in effect operating a <br />business and the funds can be used for only one purpose and that <br />is insurance. The funds can be invested, but the earnings must <br />remain in the insurance fund to offset future claims. <br />Chairman Eggert opened the Public Hearing, and asked if <br />anyone wished to be heard in this matter. There being none, she <br />closed the Public Hearing. <br />M <br />32 <br />_I <br />