57-24 METRO - Indemnity and Trust Agreement Resolution to RenewJoin (002).pdf

57-24 February 13, 2024 RESOLUTION TO JOIN METROPOLITAN HEALTH INSURANCE FUND WHEREAS, a number of public entities in the State of New Jersey have joined together to form the Metropolitan Health Insurance Fund hereafter referred to as "FUND", as permitted by N.J.S.A. 11:15-3, 17:1-8.1, and 40A:10-36 et seq., and; WHEREAS, the FUND was approved to become operational by the Departments of Insurance and Community Affairs and has been operational since that date, and; WHEREAS, the statutes and regulations governing the creation and operation of a joint insurance fund, contain certain elaborate restrictions and safeguards concerning the safe and efficient administration of the public interest entrusted to such a FUND; WHEREAS, the governing body of the Township of West Orange, hereinafter referred to as "LOCAL UNIT" has determined that membership in the FUND is in the best interest of the LOCAL UNIT. NOW, THEREFORE, BE IT RESOLVED that the governing body of the LOCAL UNIT hereby agrees as follows: i. Become a member of the FUND for the period outlined in the LOCAL UNIT's Indemnity and Trust Agreements. ii. Will participate in the following type (s) of coverage (s): a.) Health Insurance and/or Prescription Insurance and/or Dental Insurance and/or Medicare Advantage/Employer Group Waiver Program as defined pursuant to N.J.S.A. 17B:17-4, the FUND's Bylaws, and Plan of Risk Management. iii. Adopts and approves the FUND's Bylaws. iv. Execute an application for membership and any accompanying certifications. BE IT FURTHER RESOLVED that the governing body of the LOCAL UNIT is authorized and directed to execute the Indemnity and Trust Agreement and such other documents signifying membership in the FUND as required by the FUND's Bylaws, and to deliver these documents to the FUND's Executive Director with the express reservation that these documents shall become effective only upon: i.Approval of the LOCAL UNIT by the FUND. ii.Receipt from the LOCAL UNIT of a Resolution accepting assessment. iii.Approval by the New Jersey Department of Insurance and Department of Community Affairs. Karen J. Carnevale, RMC, Municipal Clerk Bill Rutherford, Council President Adopted: February 13, 2024