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Meeting of the Governing Board of Directors of The Los Angeles Development Fund and LADY Management, Inc. March 11, 2021MEETING of the GOVERNING BOARD OF DIRECTORS of THE LOS ANGELES DEVELOPMENT FUND
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Contract Cities Liability Trust is a risk-sharing pool at the core of a Joint Exercise of Powers Agreement (JPA) model that provides broad coverage for general liability, auto liability, public officials' errors and omissions, employment practices liability, workers' compensation, property, and employee benefits for its participating members.
Local government agencies and municipalities that are members of the Contract Cities Liability Trust are required to file the trust.
To fill out Contract Cities Liability Trust, members need to provide detailed information about their liabilities, assets, and insurance coverage.
The purpose of Contract Cities Liability Trust is to provide comprehensive coverage and risk management services to its members at a lower cost than traditional insurance.
Information such as liabilities, assets, insurance coverage, claims history, and other relevant details must be reported on Contract Cities Liability Trust.
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