HomeMy Public PortalAbout05703 O R D I N A N C E NO. 5703
AN ORDINANCE confirming a contract with the General
Reinsurance Corporation (The Daniel and Henry Company, Agent) for
the District's Excess Workers' Compensation Insurance coverage
from May 1, 1984 to April 30, 1985, with an emergency clause.
BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The contract with the General Reinsurance
Corporation, who submitted the lowest bid for the District's
Excess Workers' Compensation Insurance, with an annual aggregate
coverage of Two Million Dollars ($2,000,000.00), and with a self-
insured retention of Two Hundred Fifty Thousand Dollars
($250,000.00) each occurrence, for one year, at and for the rate
of $0.622 per $100 remuneration, and for a deposit premium of
Seven Thousand Six Hundred Twelve Dollars ($7,612.00), is hereby
confirmed for such insurance coverage from May 1, 1984 to April
30, 1985.
Section Two. This Ordinance being for the confirmation
of a contract for the District's Excess Workers' Compensation
Insurance, and thus being necessary for the protection of the
public welfare, constitutes an emergency within the meaning of the
Plan, and this Ordinance shall be and become effective immediately
upon its adoption.
The foregoing Ordinance was adopted July 25, 1984.
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