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Code · Louisiana · Title 33 — Municipalities and Parishes

RS 33:5081

287 words·~1 min read·/la/title-33/33-4029

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RS 33:5081
CHAPTER 15-A. LOCAL HOUSING AUTHORITY AFFILIATES
AND SUBSIDIARIES SELF-INSURANCE ACT OF 2022
§5081. Definitions
The following words and terms shall have the meaning indicated unless the context clearly indicates differently:
(1)"Affiliate" means an entity as defined in R.S. 40:384.
(2)"Governing body" means the body which exercises the functions of the affiliate or subsidiary of the local housing authority.
(3)"Local housing authority" means any parish or municipal housing authority.
(4)"Risk management organization" means an association formed by two or more affiliates and subsidiaries of local housing authorities by an agreement for the development and administration of a risk management program and one or more group self-insurance funds.
(5)"Risk management program" means a plan and activities carried out under such plan by a risk management organization to reduce risk of loss, including safety engineering and other loss prevention and control techniques, and to administer one or more local self-insurance funds, each established for one or more risks, including the processing and defense of claims brought against members of the organization.
(6)"Self-insurance fund" means a pool of monies established by a risk management organization from contributions of its members in order to do the following:
(a)Pool any one or more of the following risks: general liability; workers' compensation; directors and officers liability, including employment practices liability; property; or any other line of coverage approved by the board of trustees of the risk management organization.
(b)Purchase insurance for risks of general liability, workers' compensation, property coverage, or other lines of coverage approved by the board of trustees of the risk management organization.
(7)"Subsidiary" means an entity as defined in R.S. 40:384.
Acts 2022, No. 686, §1, eff. June 18, 2022.
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