[Amended 6-18-1990; 12-3-1990]
An Insurance Committee of seven members is created
to perform the following duties:
A.
To review the entire risk and insurance program of
the Town and to develop and approve proposals for specifications for
the proper scope and form of the insurance or risk program.
B.
To establish minimum requirements for an Agent of
Record to administer the Town risk or insurance program.
C.
To propose to the Town Manager the names of at least
two persons capable of being Agent of Record whenever such position
shall be vacant or at least 60 days before a term expires.
D.
To propose to the Town Manager an acquisition procedure
that will best serve the Town interests in its risk or insurance program.
A.
The Insurance Committee shall consist of members whose
terms shall expire as follows: June 30, 1968; June 30, 1969; June
30, 1970; June 30, 1971; June 30, 1972; June 30, 1996; and June 30,
1997.
B.
In filling vacancies, the following provisions shall
be observed by the Council:
(1)
No more than four persons shall belong to the same
political party.
(2)
No more than two members from any party shall be licensed
agents.
(3)
No more than three licensed agents shall be members
of the Committee.
(4)
Except when filling an unexpired term, all appointments
shall be for five-year periods.
[Amended 7-5-1995]
Subject to approval by the Council, the Town
Manager shall appoint an Agent of Record or Agents of Record for a
term to commence July 1, 1995, and to expire on June 30, 1998. All
subsequent appointments of Agent or Agents of Record shall be for
three-year terms, the first to commence on July 1, 1998. Should the
nature of the Town risk or insurance program require it, separate
Agents of Record may be appointed for the fire-casualty coverage and
for the group insurance-pension program. The Insurance Committee shall
establish minimum requirements and prescribe the duties of all Agents
of Record. The Agent of Record or Agents of Record, as the case may
be, shall be subject to removal from office under the terms of Section
805 of the Charter or for failure to maintain the minimum requirements
establish by the Insurance Committee for Agents of Record.
Members of the Committee shall serve without
compensation. Compensation for the Agent of Record shall be as established
by the Council based upon a recommendation by the Committee. Such
compensation shall be reviewed annually by the Committee, with a written
report to the Council considering changes in premium levels, other
paid commissions, services performed by the Agent of Record and other
changes in circumstances. As a result of this review, the Committee
shall recommend any change in the compensation of the Agent of Record.
