Resolution 1995-65 - Laserfiche WebLink

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1996 CIRSA Workers' Compensation Quotation November 6, 1995 Page 2 The CIRSA loss fund is as adopted or amended from time to time by the Board of Directors based on the members in the workers I compensation pool for the year and interest earnings on those amounts. The above is a description of proposed coverages for 1996; actual coverages will be subject to the policies issued. If you decide to join CIRSA for 1996 workers' compensation coverages, you will be requested to adjust the payroll figures provided on your application to actual payroll at the end of 1996. Differences between actual and submitted 1996 payrolls will result in a debit or credit. III. DECISION REGARDING MEMBERSHIP /EXECUTION OF AGREEMENTS As a prospective member, you will have until December 27, 1995 to notify us of your decision regarding membership in CIRSA for 1996 workers I compensation coverages. If you have not received a quote from the Colorado Compensation Insurance Authority (CCIA) or other workers I compensation carrier by November 24, 1995, contact us before November 28; an extension of time may be granted by the CIRSA Board of Directors for you to make a decision. If your municipality joins CIRSA for workers' compensation coverages, your Governing Body will need to approve the CIRSA Bylaws and Intergovernmental Agreement (enclosed). The signed agreement must be received by CIRSA within 45 days after the effective date of coverage. Please forward a copy of the Bylaws and the sample ordinance/resolution (enclosed) to your municipal attorney for review. IV. NOTICE OF NON-RENEWAL TO THE CCIA Should you decide not to renew coverage with the CCIA, the CCIA requires notification in writing. on or before December 31, 1995. In prior years, the CCIA extended the December 31 deadline for those municipalities that did not receive a premium estimate from the CCIA by December 31. We do not know how the CCIA will deal with such an extension this year. Enclosed is a sample notice of non-renewal to the CCIA. Should you decide to join CIRSA, please have the letter typed on your municipal letterhead and forward it to CIRSA by December 27, 1995. The letter will be hand-carried to the CCIA prior to January 1, 1996.