§ 33:5086 — Limited liability of members

Louisiana § 33:5086

• Jurisdiction: Louisiana
• Title 33: Municipalities and Parishes

Text

§5086. Limited liability of members
A. An affiliate or subsidiary of a local housing authority shall not, by reason of being
a member of a risk management organization and contributing to a self-insurance fund, be
liable to the risk management organization, to any other member, or to any claimant against
the organization itself or another member, except for payment of contributions provided in
the agreement between the affiliate or subsidiary of the local housing authority and the risk
management organization. No risk management organization agreement shall provide for a
donation, in whole or in part, of funds of one affiliate or subsidiary of the local housing
authority for the benefit of another. Nothing in this Section shall be construed to reduce or
limit a participating member's rights or obligations with respect to its employees under the
provisions of Chapter 10 of Title 23 of the Louisiana Revised Statutes of 1950.
B. A risk management organization shall administer the assets of a self-insurance
fund to maintain appropriate levels of reserves and to ascertain full and timely payment of
all fund obligations, including without limitation loss fund requirements, administrative
expenses, and costs of insurance.

Legislative History

Acts 2022, No. 686, §1, eff. June 18, 2022.