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3 <br />rra •t <br />• N�� • <br />ASSOCIATION OF COUNTY COMMISSIONERS <br />INTERLOCAL AGREEMENT <br />FOR A GROUP SELF - INSURANCE FUND <br />FOR RISK SHARING OR GROUP PURCHASE OF COVERAGE <br />This Agreement is made and entered into by and between all the parties who join together to become <br />Members of the North Carolina Association of County Commissioners Risk Management Agency <br />(hereinafter referred to as the "Risk Pool "). The Risk Pool acts by and through its Board of Trustees <br />as provided herein and as provided within the Bylaws of the Risk Pool. The Risk Pool encompasses <br />the North Carolina Association of County Commissioners Joint Risk Management Agency Workers' <br />Compensation Fund (hereinafter referred to as the "Workers' Compensation Pool "); the North <br />Carolina Association of County Commissioners North Carolina Counties Liability And Property Joint <br />Risk Management Agency (hereinafter referred to as the "Liability and Property Pool "); and the North <br />Carolina Association of County Commissioners Health Insurance Trust (hereinafter referred to as the <br />"Group Benefits Pool"; all three are referred to collectively as "Pools "). <br />ARTICLE I. PURPOSE <br />1. To carry out the desire of certain counties and governmental entities of the State of North <br />Carolina to create and become the Risk Pool, and to enable these counties to pool the retention <br />of their risks, liabilities or payments, or for the group purchase of coverage, pursuant to the <br />provisions of North Carolina General Statutes 153A- 92(d), 153A- 445(a)(1) and 160A -460 <br />through 160A -466. <br />2. To be governed and directed through the efforts of the Risk Pool Board of Trustees, as <br />described in the Bylaws of the Risk Pool, which are incorporated by reference into this <br />Agreement. <br />3. To provide for the discharge, from the assets of the Risk Pool, from funds collected from <br />Members, and through excess or other insurance purchased by the Risk Pool, in accordance <br />with the terms and scope of the contracts of coverage and as determined by the participation of <br />the individual Members of the Risk Pool, of any: a) insurance premiums; b) covered property <br />losses incurred; c) lawful liability claims against any member of the Liability and Property Pool in <br />which awards have been sustained by final judgment or by the rules of the Risk Pool if <br />settlement is made; d) claims for health benefits covered by the plan for members of the Group <br />Benefits Pool and e) lawful workers' compensation claims against members of the Workers' <br />Compensation Pool, when awards have been sustained by final judgment or by the rules of the <br />Risk Pool if settlement is made. <br />4. To provide for payment by Members of the Risk Pool of contributions based upon appropriate <br />classifications, rates, experience modifications, or other methodologies, out of a portion of which <br />the Risk Pool will establish and maintain a fund for the payment of covered claims, losses and <br />the administrative costs of operating the Risk Pool. <br />Interlocal Agreement Page 1 of 6 <br />Amended December 2009 <br />