Orange County NC Website
INTERLOCAL AGREEMENT FOR A GROUP SELF INSURANCE FUND FOR , DENTAL, <br /> LIFE AND DISABILITY RISK SHARING <br /> This Agreement is made and "entered into by and between all the parties who are now or may hereafter <br /> become members of this Trust and join in a group fund for the purchase of life and accidental death or <br /> dismemberment or other health insurance, and for risk sharing in the provision of accident and health <br /> benefits,which may include hospitalization,medical,surgical,major medical,dental and any other health care <br /> benefits, and long or short term disability, which Trust is acting by and through its Board of Trustees as <br /> provided herein. <br /> Article I. Purposes of the Agreement. <br /> 1. To carry out the desire of certain counties of the State of North Carolina to create and become the <br /> North Carolina Association of County Commissioners Health Insurance Trust, hereafter referred to <br /> as the "Trust", and to enable these counties to pool the risk of payment of the employee benefits set <br /> forth above pursuant to the provisions of North Carolina General Statutes 153A-445(a)(1) and 160A- <br /> 460 through 160A-464. <br /> 2. To designate a Board of Trustees to direct the affairs of the Trust and to describe the responsibilities <br /> of the Board. <br /> 3. To provide for payment,from the assets of the fund and from excess insurance purchased by the Trust, <br /> any insurance premiums and claims for health benefits covered by the Trust's plan, which awards <br /> have been sustained by final judgement where suit shall have been filed as authorized by the rules <br /> of the Trust. <br /> 4.- To provide for payment by members of the Trust of premiums and contributions based upon <br /> appropriate classification rates,experience modifications,or other methodologies with which the Trust <br /> will establish and maintain a fund for the payment of the premiums and claims of covered employees, <br /> and their dependents, and retired employees and their dependents, of members and for payment of <br /> the administrative costs of operating the Trust. <br />