[Adopted 3-25-1968 by Ord. No. 20-1968 as Ch. 2 of the 1968 Code (Ch.
5, Art. XVI, of the 1980 City Code)]
There is hereby established an Insurance Advisory
Committee.
The Insurance Advisory Committee shall be composed
of three members, appointed by the Chairman of the City Council and
confirmed by the City Council for a term of three years, the term
of office commencing January 1 of each calendar year. Such terms shall
be staggered.
The Insurance Advisory Committee shall, at its
initial meeting in each calendar year, designate a Chairman, who shall
be responsible for calling meetings and ensuring that the Committee
performs its duties and responsibilities.
The City Director of Finance shall serve as
Secretary to the Insurance Advisory Committee and shall provide it
with such information as it needs to perform its duties.
The Insurance Advisory Committee shall review
from time to time and report at least once annually to the Mayor,
the City Council and the City Director of Finance as to recommendations
affecting the coverage of the City on all insurance and surety bonds,
and the Committee shall seek to make such recommendations as may assure
that the City is adequately protected against primary risks and exposures
and that such bonds and policies be written in a manner to achieve
maximum economy commensurate with the protection required in the public
interest.
The members of the Insurance Advisory Committee
shall promptly advise the Mayor, City Council and City Director of
Finance of any business relationship that may relate to insurance
and bonds and the carriers and companies responsible for writing such
insurance and bonds, or of any business association that may reflect
on the recommendations of the Committee. No member of the Committee
shall receive any commission or other compensation by reason of the
placement, administration or processing of claims on any insurance
or surety bonds of the City.
