63A-4-204. School district participation in Risk Management Fund.
| (1) |
Terms Used In Utah Code 63A-4-204- Captive insurance company: means the same as that term is defined in Section 31A-37-102. See Utah Code 63A-4-101.1
- Contract: A legal written agreement that becomes binding when signed.
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
- Writing: includes :Utah Code 68-3-12.5
| (a) |
For the purpose of this section, action by a public school district shall be taken upon resolution by a majority of the members of the school district’s board of education. |
| (b) |
| (i) |
Upon approval by the state risk manager and the board of education of the school district, a public school district may participate in the Risk Management Fund or any captive insurance company created by the risk manager, and may permit a foundation established under Section 53E-3-403 to participate in the Risk Management Fund or any captive insurance company created by the risk manager. |
| (ii) |
Upon approval by the state risk manager and the State Board of Education, a state public education foundation may participate in the Risk Management Fund or any captive insurance company created by the risk manager. |
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| (c) |
Subject to any cancellation or other applicable coverage provisions, either the state risk manager or the public school district may terminate participation in the Risk Management Fund. |
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| (2) |
The state risk manager shall contract for all insurance, reinsurance, legal, loss adjustment, consulting, loss control, safety, and other related services necessary to support the insurance programs provided to a participating public school district, except that all supporting legal services are subject to the prior approval of the state attorney general. |
| (3) |
Each public school district participating in the Risk Management Fund shall comply with Section 63A-4-103. |
| (4) |
| (a) |
Each year, the risk manager shall prepare, in writing, the information required by Subsection (4)(b) regarding the coverage against legal liability provided a school district employee of this state:
| (i) |
by the Risk Management Fund or any captive insurance company created by the risk manager; |
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| (b) |
| (i) |
The information described in Subsection (4)(a) shall include:
| (A) |
the eligibility requirements, if any, to receive the coverage; |
| (B) |
the basic nature of the coverage for a school district employee, including what is not covered; and |
| (C) |
whether the coverage is primary or in excess of any other coverage the risk manager knows is commonly available to a school district employee in this state. |
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| (ii) |
The information described in Subsection (4)(a) may include:
| (A) |
comparisons the risk manager considers beneficial to a school district employee between:
| (I) |
the coverage described in Subsection (4)(a); and |
| (II) |
other coverage the risk manager knows is commonly available to a school district employee in this state; and |
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| (B) |
any other information the risk manager considers appropriate. |
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| (c) |
By no later than July 1 of each year, the risk manager shall provide the information prepared under this Subsection (4) to each school district that participates in the Risk Management Fund or any captive insurance company created by the risk manager. |
| (d) |
A school district that participates in the Risk Management Fund shall provide a copy of the information described in Subsection (4)(c) to each school district employee within the school district no later than the first day of each school year. |
| (e) |
If a school district hires an employee after the first day of the school year, no later than 10 days after the day on which the employee is hired, the school district shall provide the information described in Subsection (4)(c) to the employee. |
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Amended by Chapter 33, 2021 General Session
