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HomeMy WebLinkAbout2003-11-6717591 ORDINANCE NO. 2003-11-6717 AN ORDINANCE APPROVING THE RENEWAL RATES FOR SAFECO INSURANCE COMPANY AS REINSURER FOR THE GROUP HEALTH INSURANCE PLAN FOR THE CITY OF PADUCAH, AND AUTHORIZING THE MAYOR TO EXECUTE ALL DOCUMENTS RELATING TO SAME BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: �«- SECTION 1. That the City of Paducah approves the renewal rates for Safeco Insurance Company as reinsurer for the Group Health Insurance Plan for the City of Paducah, effective January 1, 2004. Safeco will provide aggregate insurance for plan medical costs with a specific deductible of $150,000.00. SECTION 2. The Mayor is hereby authorized to execute all documents relating to same with Safeco for services authorized in Section 1 above. SECTION 3. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. km"ayePro Te ATTEST: Tammara S. Brock, City Clerk Introduced by the Board of Commissioners, October 28, 2003 Adopted by the Board of Commissioners, November 11, 2003 Recorded by Tammara S. Brock, City Clerk, November 11, 2003 Published by The Paducah Sun, November 17, 2003 \word\ord\pers\health ins-safeco #2