Maine § 30-A §2255 Contract establishing public self-funded pool; provisions

Maine Statutes

§ 30-A §2255 — Contract establishing public self-funded pool; provisions

Maine·Title 30-A MUNICIPALITIES AND COUNTIES·Part 2 MUNICIPALITIES·Ch. 117 PUBLIC SELF-FUNDED POOLS

Any contract entered into under this chapter must provide:

1.Financial plan. A financial plan setting forth in general terms:

2.Management plan. A plan of management which provides for all of the following:

3.Assessments. A provision that, if the assets of a public self-funded pool are at any time actuarily determined to be insufficient to enable the pool to discharge its legal liabilities and other obligations and to maintain actuarily sound reserves, it shall, within 30 days of that determination, make up the deficiency or levy a prorated assessment upon its members for the amount needed to make up the deficiency.

Free access — add to your briefcase to read the full text and ask questions with AI

Any contract entered into under this chapter must provide:
1.
Financial plan.
A financial plan setting forth in general terms:
2.
Management plan.
A plan of management which provides for all of the following:
3.
Assessments.
A provision that, if the assets of a public self-funded pool are at any time actuarily determined to be insufficient to enable the pool to discharge its legal liabilities and other obligations and to maintain actuarily sound reserves, it shall, within 30 days of that determination, make up the deficiency or levy a prorated assessment upon its members for the amount needed to make up the deficiency.

Maine § 30-A §2255 (Contract establishing public self-funded pool; provisions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.