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BRENDA W. BROWN <br />--JOHN A. COCKLEREECE, CLU <br /> GLENN CORPENING, III, CPCLJ, ClC <br /> WOODROE HAYWOOD, CPCU <br /> KEN HUCKS, CLU, ChFC <br />. -KEN McLAMB <br /> HERB REESE <br /> <br /> P.O. BOX 3015 <br />GREENSBORO, NORTH CAROLINA 27402 <br /> GREENSBORO TELEPHONE 373-5862 <br /> HIGH POINT TELEPHONE 819-5862 <br /> FAX (910) 373-5858 <br /> <br /> December 16, 1993 <br /> <br /> WAYLAND MOORE <br /> Chairman <br /> <br />SHIRLEY Q. RAY, CPCU, ARM, CPIA <br /> Vice Chairman <br /> <br /> EVERETTE ARNOLD, CPCU, ARM <br /> Executive Director <br /> <br /> DAVID A. FLIPPIN, CPCU <br /> Assistant Director <br /> <br />SELF-FUNDING WORKERS' COMPENSATION <br /> <br />I. Hold premium/contribution in County budget or in an enterprise <br /> account. <br /> <br />ti. County is exempt from all filings, bonds, and taxes. <br /> <br />Contact LOST TIME CONTROL to establish claim reporting, PPO if <br />desired and settlement authority. <br /> <br />IV. Purchase Excess Workers' Compensation. <br /> <br />A. $5,000,000 or $10,000,000 limit <br /> <br />B. $250,000 deductible/County retention per loss, subject <br /> to $90,000 County exposure for medial expenses for any <br /> one claim the first year after accident. <br /> <br />C. Premium estimate $25,000 to $40,000 per year. <br /> <br />D. General Reinsurance <br /> <br />V. Insurance Advisory Committee will handle administration -- <br /> problems - meetings - advice (annual fee: $4,000). <br /> <br />VI. Watch savings accumulate. <br /> <br /> <br />