HomeMy WebLinkAbout7864 - Group Health & Life Insurance BenefitsRESOLUTION NO, 7 86 4
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF NEWPORT BEACH AWARDING A CONTRACT
TO THE AETNA LIFE AND CASUALTY COMPANY
PROVIDING GROUP HEALTH AND LIFE INSURANCE
BENEFITS FOR CITY EMPLOYEES
• WHEREAS, the group life and health insurance program
of the City has been reviewed, proposals for group life and
health insurance and recommendations thereon have been re-
ceived and considered, and the proposal of the Aetna Life and
Casualty Company has been approved by the City Council; and
WHEREAS, a policy contract for group life and health
insurance has been presented to the City by the Aetna Life
and Casualty Company and the City Council has reviewed the
terms and conditions thereof and found them to be fair and
equitable;
NOW, THEREFORE, BE IT RESOLVED that the City Council
of the City of Newport Beach finds that it would be in the best
interest of the citizens of Newport Beach to award the contract
to the Aetna Life and Casualty Company, providing group health
and life insurance benefits for City employees at an annual
premium rate of $336,681.00, said contract to be effective
November 1, 1972 through June 30, 1973.
ADOPTED this 24th day of
ATTEST:
•City Clerk
CE ^TifiED AS T';N AL
CITY CLERK OF THE CITY OF ' ;PO2T BEACH
RAT& S .AJ - -- W2 .................... _.....
October , 1972°
vi/ 715
DON dm
10/24/72