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Independent Cities Risk Management Authority, hereinafter referred to as <br />"TC,RMA" or the "Authority". Pursuant to Government Code Section 6508.1, the <br />debts, liabilities, and obligations of fe Authority shall not constitute debts, <br />liabilities, or obligations of any Member. <br />ARDCLE 2. �JI POSE. <br />2.1 The purpose of create this Authority is to exercise the powers of the Members <br />to jointly accomplish, the following; <br />2.1.1 Develop effective Risk Management 1'rogralrls to reduce the <br />amount and frequency of their losses. <br />2.1.2 Develop Risk Management .Programs of insurance to protect <br />Members from the effects of catastrophic or unexpected losses. <br />Such proga ns shall include, but not be limited to, coverages for <br />losses arising out of Tort Liability, Workers' Compensation, Health <br />Benefits, and the ownership or use of real or personal property. <br />2.1.3 Design Risk Management Programs of the Authority on a pooled <br />or solf`-funded basis whereby the Members share some portion, or <br />all, of the costs of the program losses. <br />2, l.4 Jointly purchase insurance, excess insurance, or reinsurance and/or <br />develop alternative financial arrangements for the purpose of <br />transferring risk of loss to commercial insurers. <br />Approved tW the tiovM69 Bmd LlOWW 13, U04 <br />3 <br />City Council 15 — 7 8/6/2024 <br />" <br />