Title
DELEGATED AUTHORITY FOR INSURANCE MATTERS
1. That the Director of Legal Services, in consultation with the Director of Finance, be delegated the authority to:
a) Renew the City’s insurance policy on an annual basis;
b) Settle any insurance claim to the extent of the applicable deductible; and
c) Execute all documents requisite to renewing the City’s annual insurance policy and effecting litigation settlements contemplated above.
2. That staff prepare an annual confidential memorandum to General Committee with a summary of the following information:
a) Settlements effected;
b) Material changes to the policy and deductibles; and
c) Annual cost of the insurance premium. (LGL002-16) (File: L06-DEL)