(a) Established – Rate of Assessment. A workers compensation self-insurance fund was established January 1, 1976.

The rate of the City workers compensation self-insurance fund assessment for all City departments shall be set by the Human Resources Director or his/her designee using applicable workers compensation rates based upon payroll and shall be sufficient to pay any and all claims reasonably expected to be brought thereunder, as well as all administrative costs.

(b) Annual self-insurance permit required. State law requires that cities wishing to self-insure for workers compensation apply for a corresponding permit. This application must contain financial information sufficient to ensure there is adequate reserve funding available. The City shall complete all steps necessary to obtain this permit. (Ord. 20206 §§ 62, 86, 9-10-19.)