HomeMy WebLinkAbout8876 - Group Health & Life InsuranceRESOLUTION NO. 8876
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH AWARDING A CONTRACT TO PILOT
LIFE INSURANCE COMPANY PROVIDING GROUP HEALTH
AND LIFE INSURANCE BENEFITS FOR CITY EMPLOYEES,
AND RESCINDING RESOLUTION NO. 8552
WHEREAS, the City's insurance consultant, Ruland
and Mattingley, have reviewed various proposals to provide
group life and health insurance benefits for City employees;
and
WHEREAS, Ruland and Mattingley have recommended that
the City self -fund the Medical /Dental Plan and purchase Pilot
Life's Stop -Loss insurance, as well as the Group Life, and
AD &D; and
WHEREAS, the City Council has considered the recommen-
dations of the insurance consultant and is of the opinion that
the proposal offered by the Pilot Life Insurance Company provides
the most economical cost to the City to continue to provide the
present plan of benefits for municipal employees;
NOW, THEREFORE, BE IT RESOLVED that the City Council
of the City of Newport Beach hereby finds that it would be in
the best interest of the City of Newport Beach to award the
contract providing group health and life insurance benefits to
the Pilot Life Insurance Company under the terms and conditions
as recommended by Ruland and Mattingley;
BE IT FURTHER RESOLVED that the Mayor and City Clerk
are authorized to execute said contract on behalf of the City
of Newport Beach;
BE IT FURTHER RESOLVED that Resolution No. 8552 is
hereby rescinded.
ADOPTED this 9th
ATTEST:
zt,., L, —
City Clerk
CERTIFIED A LTHE GIMAL
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CITY CLERK OF THE CITY OF Fd � 9gq�J 8/10/76
DATE,