2012 Wyoming Statutes
TITLE 1 - CODE OF CIVIL PROCEDURE
CHAPTER 42 - LOCAL GOVERNMENT INSURANCE PROGRAM
1-42-203. Self-insurance program board; powers and duties.
(a) The board shall:
(i) Administer the program;
(ii) Provide legal services for the defense of claims covered by this act;
(iii) Procure insurance, including reinsurance, purchase loss prevention, actuarial and other professional services as required by the board;
(iv) Establish assessments as necessary to operate the program on an actuarially sound basis. Assessments shall be computed to provide for:
(A) Expenditures authorized under this act; and
(B) Stabilization charges to develop adequate reserves.
(v) Apportion and collect assessments from each participating local government;
(vi) Establish deductibles or retentions as deemed necessary for the efficient operation of the program; and
(vii) Adopt rules governing the administration of the program.
(b) The board may deny a local government participation in or may terminate a participant from the program for a failure to pay the assessments required under this act.
Disclaimer: These codes may not be the most recent version. Wyoming may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
