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Introduced Senate Bill (S)

DIGEST

Risk management and catastrophic liability funds. Permits the commissioner of the department of insurance to cease operation of the political subdivision risk management fund and the political subdivision catastrophic liability fund upon a determination by the commissioner that: (1) all members have withdrawn from the fund; and (2) all payment of liabilities of former members of the fund have been determined and finalized. Removes a requirement that notice of a claim against a political subdivision be provided to the political subdivision risk management commission. Risk management and catastrophic liability funds. Permits the commissioner of the department of insurance to cease operation of the political subdivision risk management fund and the political subdivision catastrophic liability fund upon a determination by the commissioner that: (1) all members have withdrawn from the fund; and (2) all payment of liabilities of former members of the fund have been determined and finalized. Removes a requirement that notice of a claim against a political subdivision be provided to the political subdivision risk management commission.