HomeMy Public PortalAbout1992-65 Establishing an Insurance CommitteeRESOLUTION NO. 92-65
A RESOLUTION OF THE VILLAGE OF KEY BISCAYNE,
FLORIDA; ESTABLISHING AN INSURANCE COMMITTEE;
PROVIDING FOR MEMBERSHIP; PROVIDING FOR TERM
OF EXISTENCE; PROVIDING FOR DUTIES; PROVIDING
FOR SEVERABILITY AND AN EFFECTIVE DATE.
WHEREAS, this Board finds that it would be in the public
interest to establish a committee made up of professionals in the
insurance industry to look into the availability of insurance
coverage for both businesses and residences on Key Biscayne; and
WHEREAS, this Board perceives that there is a short-term and
long-term problem relating to insurance in the Village and wishes
to assist in establishing a more stable environment for the
issuance of insurance within the Village;
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND VILLAGE
COUNCIL OF THE VILLAGE OF KEY BISCAYNE, FLORIDA, AS FOLLOWS:
Section 1.
That an insurance committee is hereby
established consisting of 9 (nine)
members. Members shall be
appointed by the Mayor subject to approval by the Village Council.
Members should include mortgage and banking professionals,
insurance agents, real estate agents and property managers, real
estate attorneys, representatives of condominium associations,
representatives of the Chamber of Commerce and others.
Section 2. That the committee is established for the
purpose of investigating and making recommendations to the Village
Council as to insurance -related issues affecting Village residents
including the availability of insurance coverage for both
businesses and residences and recommendations on methods whereby a
stable environment for insurance coverage might be created in the
Village. The committee is directed to look at the marketplace and
investigate what types of insurance is being written within the
Village and to study other public ventures such as the Florida
Windstorm Underwriting Association to determine whether those
experiences might be applicable to the Village.
Section 3. That the committee shall be in existence for a
period of nine months from the adoption of this resolution, shall
report on a monthly or more frequent basis if necessary to the
Village Council and shall, prior to the expiration of nine months,
issue a written set of recommendations to the Village Council as to
its findings.
Section 4. That the committee shall have no authority to
bind or to set policy for the Village but shall act in a solely
advisory nature to the Village Council.
Section 5. Severability. The provisions of this
resolution are declared to be severable and if any section,
sentence, clause or phrase of this resolution shall for any reason
be held to be invalid or unconstitutional, such decision shall not
affect the validity of the remaining sections, sentences, clauses,
and phrases of this resolution but they shall remain in effect, it
being the legislative intent that this resolution shall stand
notwithstanding the invalidity of any part.
Section 6. Effective Date. This Resolution shall take
effect immediately upon adoption.
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PASSED AND ADOPTED this 2't day of 1\101r241% lair , 1992.
RAFAEL } I. CONTE, MAYOR
APPROVED AS TO LEGAL SUFFICIENCY:
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RICHARD JAY WEISS, VILLAGE ATTORNEY
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