§ 10-181.03. Definitions.

(a)

As used in and for the purposes of this Division, the following words and phrases shall have the meaning assigned to them therein:

(1)

The word employee as used in this Division shall mean any duly elected or appointed official, member, trustee, full-time or part-time employee, volunteer recognized by the Chairman of the Risk Management Fund or any other person employed by or acting on behalf of any Risk Management Fund member, including such person when acting in the capacity of trustee, officer, employee or agent of any trust or pension plan created by a Member.

(2)

The words encumbered reserve shall mean the amount identified and segregated to provide for the cost of paying or setting a claim asserted against the Risk Management Fund. The encumbrance of such funds shall not be construed to be an admission of liability in any claim or legal action.

(3)

The words operating expenses shall mean the direct and indirect cost of providing for the administration of the Risk Management Fund, including but not limited to, professional and consultants' fees, taxes, insurance premiums, investigation expenses and the expenses of litigation.

(4)

The words personal injury , property damage and wrongful acts as those words are defined by common usage in the commercial insurance industry, provided however, that the Risk Management Committee, by unanimous vote, may enlarge the scope of these words in order to pay a claim asserted against a member when payment of such a claim is deemed to be in the best interest of the citizens of the County.

(5)

The words unencumbered reserve shall mean the total of member contributions less encumbered reserves less operating expenses of the Risk Management Fund.

(CB-31-1983; CB-113-1985)