HomeMy Public PortalAbout1991_07_23_R157The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED July 23, 1991
91-157 ADOPTED July 23, 1991
CANCELLING A CONTRACT WITH THE lVIUTUAL BENEFIT LP~E INSURANCE
COlV[PANY AND AWARDING A CONTRACT TO THE GROUP AMERICA
INSURANCE COMPANY FOR GROUP LONG-TERM DISABILITY INCOME
INSURANCE COVERAGE
WHEREAS, in May, 1991, the Town Council authorized the award of a contract effective July 1,
1991, to the Mutual Benefit Life Insurance Company for group long-term disability income insurance
coverage for town employees; and
WHEREAS, on July 15, 1991, the Mutual Benefit Life Insurance Company went into receivership
and operations of the company have been taken over by the State of Jew Jersey; and
WHEREAS, due to this fact, it is the recommendation of the town's insurance consultant that the
contract with Mutual Benefit Life Insurance Company be cancelled and the coverage be reassigned to
the town's former insurance carrier the Group America Insurance Company.
THEREFORE RESOLVED, by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The contract with the Mutual Benefit Life Insurance Company to provide the town
with group long term disability income insurance coverage is hereby cancelled effective July 1, 1991.
SECTION II. The manager is authorized to execute a contract for group long-term disability income
insurance coverage with the Group America Insurance Company with an effective date of July 1, 1991.
PASSED this 23rd day of
July ~991.
Pwbert E. Sevila, Mayor
Town of Leesburg
ATTEST:
Clerk of Council