§ 4946. Declaration of policy
§ 4946. Declaration of policy The General Assembly hereby finds and declares that the implementation of this subchapter by any municipality and the activity of any association organized pursuant to this subchapter shall constitute essential governmental functions. Participation by a municipality in an agreement or association established pursuant to this subchapter shall not create joint […]
§ 4947. Health benefit plans offered to entities providing educational services
§ 4947. Health benefit plans offered to entities providing educational services (a) As used in this section: (1) “Health benefit association” means an association that offers one or more health benefit plans to school employers for coverage of their school employees. (2) “School employee” shall have the same meaning as in 16 V.S.A. § 2101. […]
§ 4945. Inapplicability of other laws
§ 4945. Inapplicability of other laws The provisions of section 4863 of this title shall not apply to the formation of an association organized under this subchapter, nor to the participation therein by a municipality. (Added 1985, No. 237 (Adj. Sess.), § 1, eff. June 3, 1986.)
§ 4941. Definitions
§ 4941. Definitions As used in this subchapter: (1) “Association” shall mean an association, compact, or corporation, any of which shall be organized not for profit, and formed for the purpose of entering into intermunicipal insurance agreements under this subchapter. (2) “Municipality” shall mean “municipality” as defined in section 4801 of this title, but shall […]
§ 4942. Contents of agreement
§ 4942. Contents of agreement Two or more municipalities, by resolution of their respective legislative bodies or boards, may establish and enter into agreements for obtaining or effecting insurance by self-insurance, for obtaining or effecting insurance from any insurer authorized to transact business in this State as an admitted or surplus lines carrier, or for […]
§ 4943. Contributions
§ 4943. Contributions Any contributions made to such association for the purpose of distributing, sharing, or pooling risks shall be made on an actuarially sound basis, and any such association shall have its books, records, and financial affairs audited annually by a certified public accountant, copies of which shall be provided to each municipal member […]
§ 4944. Approval of agreements
§ 4944. Approval of agreements (a) No association organized under this subchapter shall receive funds from any municipality for the purpose of distributing, sharing, or pooling any risk until a plan for the operation of the association together with all contracts, agreements, and any other documents underlying or implementing the plan, and all amendments thereto, […]