This text of Louisiana § 33:5082 (Authority of the affiliate or subsidiary of local housing authority to form, join, and) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§5082. Authority of the affiliate or subsidiary of local housing authority to form, join, and
participate in risk management agency
A. Any two or more subsidiaries and affiliates of a local housing authority may make
and execute an agreement between or among themselves to form and become members of
a risk management organization. After a risk management organization has been formed, any
affiliate or subsidiary of a local housing authority may, subject to the bylaws and
requirements of the entity, become a member and through participation in the organization
may do any of the following items:
(1)Pool its general liability risks in whole or in part with those of other affiliates and
subsidiaries of local housing authorities.
(2)Pool its workers' compensation risks in whole or in part with
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§5082. Authority of the affiliate or subsidiary of local housing authority to form, join, and
participate in risk management agency
A. Any two or more subsidiaries and affiliates of a local housing authority may make
and execute an agreement between or among themselves to form and become members of
a risk management organization. After a risk management organization has been formed, any
affiliate or subsidiary of a local housing authority may, subject to the bylaws and
requirements of the entity, become a member and through participation in the organization
may do any of the following items:
(1) Pool its general liability risks in whole or in part with those of other affiliates and
subsidiaries of local housing authorities.
(2) Pool its workers' compensation risks in whole or in part with those of other
affiliates and subsidiaries of local housing authorities.
(3) Pool its directors and officers liability risks, including employment practices
liability coverage, in whole or in part with those of other affiliates and subsidiaries of local
housing authorities.
(4) Pool its property coverage risks in whole or in part with those of other affiliates
and subsidiaries of local housing authorities.
(5) Pool other coverage risks the board of trustees or the risk management
organization may determine to be appropriate in whole or in part with those of other affiliates
and subsidiaries of local housing authorities.
(6) Purchase insurance for risks of general liability; workers' compensation; directors
and officers liability, including employment practices liability; property; or other insurance
for such other lines of coverage pooled by the risk management organization with other
affiliates and subsidiaries of local housing authorities participating in and belonging to the
risk management organization. The pooled risks of the participating affiliates and
subsidiaries of local housing authorities shall be described in a plan of coverages with the
total premium prorated among the participants.
B. Affiliates and subsidiaries of local housing authorities concluding an agreement
under the provisions of this Chapter shall by resolution duly adopted by their governing body
designate the Louisiana Housing Council, Inc. to administer the risk management agency and
any group self-insurance fund or funds established by the organization, and to administer the
terms and conditions of the agreement by which the organization and any self-insurance fund
or funds have been established.
C. All arrangements and agreements made under the authority of this Chapter shall
be reduced to writing. Any affiliate and subsidiary of a local housing authority may become
a member of a risk management organization by the resolution adopted by its governing body
in the same manner as are other proceedings of the governing body. The risk management
organization will operate under the name and style as provided in the agreement and shall
have the power to sue and be sued.