Sec. 7-479b. Membership in interlocal risk management agency; bylaws; administration of different risk management pools.
Sec. 7-479b. Membership in interlocal risk management agency; bylaws; administration of different risk management pools. (a) Any two or more municipalities
may form and become members of an interlocal risk management agency. A municipality may take such action by resolution of its legislative body or, where the legislative
body is the town meeting or representative town meeting, by resolution of its board of
selectmen or town council. A local public agency other than a municipality may join
an interlocal risk management agency by resolution of its governing body. Through
membership in an interlocal risk management agency, a local public agency may (1)
pool its risks, other than workers' compensation risks, in whole or in part with those of
other local public agencies, (2) pool its workers' compensation risks in whole or in part
with those of other local public agencies, (3) pool its risks of loss in excess of loss
retentions as the agency may determine in whole or in part with those of other local
public agencies, (4) jointly purchase public liability insurance, workers' compensation
insurance, property perils insurance, automobile insurance and reinsurance for any risk,
(5) take other actions necessary to the foregoing.
(b) The bylaws of an interlocal risk management agency shall provide that any
municipality in this state may join the interlocal risk management agency provided
it agrees to comply with the standards for membership, including risk management
standards, established by the agency and may be a member as long as it complies with
the standards for membership.
(c) All interlocal risk management pools shall be separate, but may be administered
by a single interlocal risk management agency. Upon the vote of the board of directors
of an interlocal risk management agency, a pool administered by it may lend funds to
another pool administered by it.
(P.A. 79-561, S. 2, 9; P.A. 86-134, S. 2, 6.)
History: P.A. 86-134 allowed a local public agency to pool its risks of loss in excess of loss retentions, and to purchase
property perils insurance, automobile insurance and reinsurance, and permitted one pool to lend funds to another pool
administered by the same agency.