INTERLOCAL AGREEMENT

FOR THE

PUBLIC UTILITY RISK MANAGEMENT SERVICES (“PURMS”)

JOINT SELF-INSURANCE FUND

Amended and Restated as of December 7, 2001

TABLE OF CONTENTS

                                                                                                                                                    

1.     Predecessor Self-Insurance Agreements. 1

2.     Amended and Restated Self-Insurance Agreement 1

3.     Definitions. 2

4.     Status of the Parties, Purpose of Agreement and Authority of the Fund. 2

4.1       Nature of Parties/Purpose and Existence of Fund. 2

4.2       Authority of Fund/Independent Legal Entity. 3

4.3       The Fund Distinguished from the System.. 3

4.4       The Fund’s Joint Operation of the Risk Pools. 4

4.4.1        Participation in or Withdrawal from Risk Pools at Members’ Choice. 4

4.4.2        Common Board of Directors/Right to Vote. 4

4.4.3        Separate Assessments and Accountings for Risk Pools. 4

4.4.4        SIA Provisions Applicable to “The Fund” Govern the Risk Pools. 4

4.5       Risk Pools Entitled to Beneficial Use of Their Respective Assets. 4

4.6       Members Have No Direct Ownership Interest in Fund or Risk Pool Assets. 5

4.7       There are no Third-Party Beneficiaries (Except Employees with Respect to Defense and Liability Coverage and H&W Coverage) 5

4.8       Fund May Not Obligate Members Directly. 5

4.9       Service of Process on Fund. 5

5.     Program Documents, Amendment Procedures and Voting Standards. 6

5.1       Basic Self-Insurance Program Documents. 6

5.1.1        The Self-Insurance Agreement 6

5.1.2        Appendices to Self-Insurance Agreement 7

5.1.3        Operational Rules. 7

5.1.4        Procedural Memoranda. 7

5.1.5        Inter-Relation of Program Documents. 7

5.2       Amendment Procedures. 8

5.2.1        Statement of Purpose. 8

5.2.2        Warrant of Authority and Voting Standards for Amending Program Documents. 8

5.3       Provisions Subject to Amendment Only by Unanimous Vote and Authorizing Resolutions. 9

5.4       Conditions and Restrictions on Amendment of Program Documents by Less than Unanimous Vote of the Board. 9

5.4.1        Prospective Amendments. 9

5.4.2        Rules Regarding Amendments Having Retroactive Effect 9

5.5       Authorizing Resolutions by Members. 10

5.6       Adoption of the SIA and Operational Rules. 11

5.7       Documenting Amendments. 11

6.     Board of Directors. 11

6.1       Composition of Board. 11

6.1.1        Designation of Director 11

6.1.2        Employee Designees. 12

6.1.3        Authority of Employee Designees. 12

6.2       Specific Authority and Duties of Board. 12

7.     Board Meetings. 14

7.1       General Meetings. 14

7.1.1        Time, Place and Notice. 14

7.1.2        Permitted Action/Agenda Issues. 14

7.2       Special Meetings. 15

7.3       Emergency Meetings. 15

7.4       Meeting Agendas/Member Submission of Issues for Decision by Board. 15

7.5       Waiver of Defects in Agenda or Notice of Meeting. 15

7.6       Decisions on Issues Not on Agenda or in Notice of Meeting. 16

7.7       Pre-Vote Analysis. 16

7.8       Rules of Conduct for Meetings. 16

7.9       Open Meetings, Executive Sessions and Maintenance of Confidentiality and Privileges. 16

7.10     Recessed Meetings. 16

7.11     Members Involved in Pending or Potential Litigation with the Fund. 16

8.     Fund Officers. 16

8.1       Enumeration and Qualifications. 16

8.2       Term of Office, Vacancies and Removal 17

8.3       President. 17

8.4       Vice-President 17

8.5       Secretary-Treasurer 17

9.     Committees. 17

9.1       Special Purpose Committees. 17

9.2.1        Composition and Duties. 17

9.2.2        Executive Committee Meetings. 18

9.2.3        Additional Executive Committee Authority for Initial Operation of H&W Pool 18

9.3       Operations Committee. 19

9.3.1        Composition and Duties of Committee Members. 19

9.3.2        Duties of Operations Committee. 19

9.4       Administrative Committee. 19

9.4.1        Composition. 19

9.4.2        Term.. 19

9.4.3        Authority and Responsibilities. 20

9.4.4        Primary Jurisdiction and Delegation of Authority. 20

10.       Fund Administration. 20

10.1     Fund Administrator 20

10.1.1      Administrator’s Duties. 20

10.1.2      Procedures Governing Selection or Renewal of Administrator 20

10.1.3      Administrator’s Bond. 20

10.2     Fund Broker 21

10.3     General Counsel 21

11.       Fund Records and Board and Committee Meeting Minutes. 21

11.1     Official Fund Records. 21

11.2     Custodian and Right to Inspect Records. 21

11.3     Board and Executive and Operations Committee Minutes. 22

11.4     Minutes of Administrative Committee Meetings. 22

11.5     Confidentiality Rules. 22

12.       Fund Auditor, Fund Accounting and Financial Reporting Requirements. 22

12.1     Auditor’s Authority and Duties. 22

12.2     Fund’s Investment Policy and Procedures. 22

12.3     Committee Bonds. 23

12.4     Fund Disbursement Procedures. 23

12.5     Accounting Guidelines, Financial Statements and Fiscal Year 23

12.6     Fund’s Monthly Receipts and Expenditures Analyses. 23

12.7     Financial Reporting Requirements. 23

12.8     Separate Accountings of Risk Pools’ Income and Expenses. 23

13.       Fund and Risk Pool Financing and Assessment Methodology. 23

13.1     Liability and Property Risk Pool Balances. 23

13.1.1      Designated Risk Pool Balance. 24

13.1.2      Actual Risk Pool Balance. 24

13.1.3      Determination of Amount and Use or Disposition of “Surplus” Money Held on Behalf of  Liability and Property Pools. 24

13.1.4      Distribution of Surplus to Members. 25

13.1.5      Allocation of Administrative Expenses Among Risk Pools. 25

13.2     H&W Risk Pool Reserves. 25

13.2.1      H&W Pool Reserves Funded by Initial Deposits. 25

13.2.2      Adjustments to Amounts of Initial Deposits. 26

13.2.3      Monthly H&W Assessments to Maintain H&W Pool Reserves. 26

13.2.4      Ownership of Initial Deposits and Uses of the H&W Pool Reserves. 26

13.2.5      Determination of Amount and Use or Disposition of “Surplus” Money Held on Behalf of  H&W Pool 27

13.3     Short-Term Inter-Pool Loans; Authority for Financing the Development of Additional Programs. 27

13.3.1      Short-Term Inter-Pool Loans. 27

13.3.2.     Authority for Financing the Development of Expanded or Additional Programs. 28

13.4     Assessments. 29

13.4.1      Interim Automatic General Assessments re Liability and Property Pools. 29

13.4.2      Annual Automatic General Assessments re Liability and Property Pools. 29

13.4.3      Discretionary General Assessments re All Risk Pools. 29

13.4.4      Special Purpose Account, Special Purpose Assessments and Other Funding Mechanisms. 30

13.4.5      Monthly H&W Assessments for H&W Pool 31

13.5     Assessment Formulas. 31

13.5.1      General Assessment Formulas. 31

13.5.2      Premium Assessment Formulas. 32

13.5.3      Reserves Assessment Formula for Property Pool 32

13.6     Payment of Assessments/Interest 32

13.7     Remedies for Unpaid Assessments. 33

13.8     Annual Assessment Limit 34

13.8.1      Limit on General Assessments for Liability and Property Pools. 34

13.8.2      Annual Assessment Limit Reset and Additional Discretionary General Assessments for Liability and Property Pools. 34

14.       Fund’s Excess Coverages. 35

14.1     Mandatory Primary Excess and Other Excess Coverages for Liability and Property Pools  35

14.1.1      Minimum Excess Coverage/Mandatory Member Participation. 35

14.1.2      Multiple-Layer Primary Excess Coverage. 36

14.1.3      Establishment of Different Coverage Limits for Specific Types of Fund Coverages  36

14.2     Supplemental Excess Coverage for Liability and Property Pools. 36

14.2.1      Stop-Loss Insurance. 36

14.2.2      Compulsory Participation in Other Excess Insurance. 37

14.3     Mandatory Stop Loss Insurance for H&W Pool 37

14.4     Allocation of Expenses Relating to Fund Excess Insurance and Stop Loss Insurance. 37

14.5     Board Authority to Provide Coverage for Gaps Relating to Primary Excess Insurance. 37

14.6     Individual Insurance. 37

15        Coverage Litigation with Excess or Stop Loss Carriers. 38

15.1     Right to Invoke Fund’s Coverage Litigation Obligations. 38

15.2     Authority of Board and Committees. 38

15.3     Member Representative. 38

15.4     Legal Counsel 38

15.5     Prosecution of Lawsuit 38

15.6     Joint Prosecution of Coverage Litigation Under Reservation of Rights. 39

15.7     Legal Expenses. 39

15.8     Settlement of Coverage Litigation. 39

15.9     Payment of Recovery Proceeds. 39

16        Subgroups and the Purchase of Additional Excess or Stop Loss Insurance or Different Liability Insurance. 39

16.1     Subgroup Procedures and Establishing Subgroup Participants. 40

17        Risk Management Program.. 40

17.1     Authority and Adoption of Programs. 40

17.2     Formulation and Adoption of Loss Control Guidelines. 40

17.3     Members’ Actions Constituting Violation of Risk Management Program.. 41

17.4     Compliance Procedures and Board Remedies for Violation of Risk Management Program   41

17.4.1      Consultation with Member/Issuance of Remediation Letter 41

17.4.2      Effect of Issuance of Remediation Letter and Board Remedies for Violation. 42

18        New Members. 42

19        Appeal Procedures and Administrative Committee’s Primary Jurisdiction. 45

19.1     Primary Jurisdiction of Administrative Committee and Exceptions Thereto. 45

19.2     Appeal Procedures. 46

19.2.1      Issues Subject to Mandatory Appeal Procedures. 46

19.2.2      Exception to Appeal Procedures. 46

19.2.3      Standing to Appeal 46

19.2.4      Modification of Requirements. 46

19.2.5      Time Limits for Appeal 46

19.2.6      Appeal Representation and Legal Counsel 46

19.2.7      Processing of the Appeal 47

19.2.8      Exhaustion of Appeal Procedures as Prerequisite to Arbitration. 47

20        Withdrawal From a Risk Pool 47

20.1     Notice of Intent to Withdraw.. 47

20.1.1      Notice with Respect to Liability and Property Pools. 47

20.1.2      Notice with Respect to H&W Pool 47

20.2     Obligations of Former Member to the Fund. 47

20.2.1      Obligations to Former Member with Respect to Liability and Property Pools. 47

20.2.2      Obligations of Former H&W Member With Respect to the H&W Risk Pool 49

20.3     Former Member’s Rights in Fund Assets.