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HomeMy WebLinkAbout08 - Joint Powers Authority Agreement with California Insurance Pool Authority (CIPA)Q SEW Pp�T CITY OF z NEWPORT BEACH c�<,FORN'P City Council Staff Report October 25, 2022 Agenda Item No. 8 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: Barbara J. Salvini, Human Resources Director - 949-644-3300, bsalvini@newportbeachca.gov PREPARED BY: Marissa Sur, Human Resources Manager, msur@newportbeachca.gov PHONE: 949-644-3302 TITLE: Joint Powers Authority Agreement with California Insurance Pool Authority (CIPA) ABSTRACT: The City of Newport Beach (City) has risk exposures related to being a full -service city providing fire and police services, as well as related to its beaches, oil wells, reservoirs and protected wildlife and lands. Since December 1, 2010, the City has contracted with Alliant Insurance Services (Alliant) for insurance brokerage services to secure comprehensive insurance coverage for these exposures. Since the Alliant agreement expires on November 30, 2022, the City recently conducted and completed a Request for Proposals (RFP), seeking a broker or joint powers authority to perform these services. Based on the information received and analyzed, staff's recommendation is to award the contract to the California Insurance Pool Authority. RECOMMENDATION: a) Determine this action is exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) and 15060(c)(3) of the CEQA Guidelines because this action will not result in a physical change to the environment, directly or indirectly; b) Authorize the Mayor to enter into the proposed five-year Joint Powers Authority Agreement with California Insurance Pool Authority (CIPA) and proposed five-year Agreement with CIPA Regarding Insurance Pool Membership; and c) Delegate authority to the City Manager to bind coverage and authorize the City Manager to approve premium payments in the amount of the annual premiums from the Council -approved budget accounts designated for insurance for the term of the Joint Powers Authority Agreement. �7N1J6*aU91A The City maintains comprehensive insurance coverage with a schedule of insurance that includes All Risk Property (including Boiler and Machinery), Earthquake and Flood, Crime, Fiduciary, Watercraft, Cyber, Excess Workers' Compensation, Excess General Liability, Pollution Liability, and Public Official and oil well bonds. Every renewal cycle the City works with the broker to re-evaluate the City's risks and policy options to ensure it is receiving robust coverage for the best price. RX Joint Powers Authority Agreement with California Insurance Pool Authority (CIPA) October 25, 2022 Page 2 On May 20, 2022, the City published RFP No. 22-59, seeking proposals from qualified parties interested in providing Insurance Broker of Record services to the City. The RFP was posted on the City's PlanetBids portal for public availability. The RFP submittal deadline closed on June 13, 2022, and the City received two proposals, one from Alliant Insurance Services, Inc. and one from the California Insurance Pool Authority (CIPA). The proposals were evaluated in accordance with City Council Policy F-14 regarding the procurement of services. An evaluation panel was assembled consisting of the City's current risk manager and two other employees involved in risk management and insurance administration with the City. The panel rated the proposals using a Qualifications -Based Selection (QBS) process that was outlined in the RFP solicitation. The following criteria comprised the QBS proposal scoring: • Proposer's qualification and experience in providing the necessary services; • A demonstrated understanding of the City's insurance needs; • Ability to perform all services requested in the RFP; • References and past performance on projects with local government agencies; and, • Proposed project cost. Independently of one another, the panel members evaluated the written proposals. Following completion of the proposal review by the panel and cost evaluations by the Purchasing Division, the panel conducted interviews with each of the vendors. The vendors were rated on the information contained in their written proposals and provided orally at the interviews. Evaluative criteria included each firm's qualifications and experience with municipal risks; the qualifications and experience of the individuals who would be assigned to the City's account; their ability to provide the scope of services required by the City (including their information systems technology capabilities and value-added services/expertise); and the quality of their conceptual approach to marketing and servicing the City. The RFP indicated that 60% of the total consideration for award would be determined by the aforementioned qualitative criteria (known as the Technical Score) and the remaining 40% determined by evaluating the proposed cost element of the proposals (known as Cost Score). The Technical Score is the average of each proposal's score as rated by the panel, combined with the average interview score. The Cost Score is a ratio of points assigned by a metric wherein the proposal with the lowest cost is awarded the maximum of 40 points and each proposal thereafter is assigned a number of points directly proportional to the amount in which it is costlier than the lowest cost proposal. The table below outlines the results of the Technical Score and Cost Score. Proposer Technical Cost Score Total Overall Score 5-Year Cost Score Rank California Insurance 40.00 Pool Authority 48.33 $190,000) 88.33 1 Alliant Insurance 19.43 Services, Inc. 57.33 $391,146 76.76 2 Joint Powers Authority Agreement with California Insurance Pool Authority (CIPA) October 25, 2022 Page 3 Overall, CIPA ranked highest. CIPA demonstrates a stable history with an experienced pool manager. As a CIPA member, the City would have access to the broker of record for the Joint Powers Authority (JPA). By accessing the broker of record through the JPA, the City is able to receive the same benefits of contracting directly with the broker, including marketing and placement for all other City insurance policies. Additionally, CIPA and its broker can offer critical subject matter expertise to the City's internal Risk Management program. These resources include training opportunities, assistance with reviewing contract insurance requirements, certificates of insurance and reviewing trends in the insurance market, and marketing for premier and competitive coverages. Staff recommends the selection of CIPA based on the collection of information received. CIPA initially scored lower than Alliant in the Technical Scoring due to their written proposal not identifying how the City would be able to access the pool's broker. However, during the interview, CIPA demonstrated an ability to provide the services outlined in the RFP, including direct access to the broker for standalone policies, assistance with claims management, and review of market trends. CIPA received the highest overall scores from the panel and demonstrates its ability to meet the City's insurance, service and training needs at a reasonable price. The cost of these services is included in the annual cost with CIPA. Additionally, contracting with CIPA provides a significant cost savings for broker services. The information received from agency members during the interview process indicated CIPA places an emphasis on service, collaboration with its members, and accessibility of the broker to address all insurance needs. The City is currently a member of the PRISM risk -sharing pool. Should Council approve the proposed Agreements, the City will provide notice of non -renewal to PRISM, which will terminate our membership at the end of the policy period. Membership with CIPA and placement in the insurance pool under the Joint Powers Agreement with CIPA (Attachment A) will take place effective July 1, 2023. In the meantime, the proposed Agreement with California Insurance Pool Regarding Insurance Pool Membership (Attachment B) addresses the City's need for transitional services following Council approval, including broker services and assistance with completing the insurance renewal and placement process. Lastly, staff recommends that during the term of the Joint Powers Authority Agreement, the City Council delegate authority to the City Manager to annually bind coverage and authorize premium payments from Council -approved insurance budget accounts for routine insurance renewals. Staff will bring to the City Council any significant changes to the coverage structure or premium quotes which exceed the approved budget. FISCAL IMPACT: The adopted budget includes sufficient funds for this agreement. Funds are budgeted in the Miscellaneous Insurance Fund — Broker Fees account — 74804-891039. FIN Joint Powers Authority Agreement with California Insurance Pool Authority (CIPA) October 25, 2022 Page 4 ENVIRONMENTAL REVIEW: Staff recommends the City Council find this action is not subject to the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) (the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment) and 15060(c)(3) (the activity is not a project as defined in Section 15378) of the CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3, because it has no potential for resulting in physical change to the environment, directly or indirectly. NOTICING: The agenda item has been noticed according to the Brown Act (72 hours in advance of the meeting at which the City Council considers the item). ATTACHMENTS: Attachment A — Joint Powers Authority Agreement with California Insurance Pool Authority Attachment B — Agreement with California Insurance Pool Authority Regarding Insurance Pool Membership ATTACHMENT A JOINT POWERS AGREEMENT FOR CALIFORNIA INSURANCE POOL AUTHORITY 114695.000000/708740.05 RE TABLE OF CONTENTS JOINT POWERS AGREEMENT FOR CALIFORNIA INSURANCE POOL AUTHORITY Page ARTICLE1. DEFINITIONS...................................................................................................... I ARTICLE 2. SEPARATE ENTITY...........................................................................................2 ARTICLE 3. PROGRAM........................................................................................................... 3 ARTICLE4. CIPA POWERS.................................................................................................... 3 ARTICLE 5. MEMBERS; BOARD OF DIRECTORS..............................................................3 ARTICLE6. POWERS OF BOARD.........................................................................................4 ARTICLE 7. MEETINGS OF THE BOARD............................................................................4 ARTICLE 8. QUORUM; VOTING...........................................................................................4 ARTICLE 9. EXECUTIVE COMMITTEE...............................................................................4 ARTICLE 10. CIPA FUNDS....................................................................................................... 5 ARTICLE 11. TERM OF AGREEMENT.................................................................................... 5 ARTICLE 12. MEMBERSHIP TERM; WITHDRAWAL; TERMINATION ............................5 ARTICLE 13. DISPOSITION OF CIPA PROPERTY AND FUNDS........................................6 ARTICLE 14. ENFORCEMENT AND DISPUTE RESOLUTION............................................6 ARTICLE 15. INVALIDITY....................................................................................................... 7 ARTICLE 16. AMENDMENTS.................................................................................................. 7 ARTICLE 17. LIABILITY OF BOARD OF DIRECTORS, OFFICERS, AND COMMITTEE MEMBERS.................................................................................7 ARTICLE18. BYLAWS..............................................................................................................8 ARTICLE 19. PROHIBITION AGAINST ASSIGNMENT........................................................ 8 ARTICLE 20. LIABILITY TO THIRD PARTIES......................................................................8 ARTICLE 21. AGREEMENT COMPLETE................................................................................ 8 ARTICLE 22. DATE AGREEMENT EFFECTIVE.................................................................... 8 114695.0000001708740.05 JOINT POWERS AGREEMENT FOR CALIFORNIA INSURANCE POOL AUTHORITY This Agreement is entered into pursuant to the provisions of Chapter 5 (beginning with Section 6500) of Division 7 of Title 1 of the Government Code authorizing specified local public entities to exercise jointly the power to provide Risk Management, including insurance, pursuant to the provisions of Chapter 3 (beginning with Section 989) of Part 6 of Division 3.6 of Title 1 of the Government Code. WITNESSETH: WHEREAS, the public interest requires and it is in the mutual interest of the parties hereto to join together to establish and operate a cooperative program of risk management; and WHEREAS, the operation of such a cooperative program is of such magnitude that it is necessary for the parties to this Agreement to join together to accomplish the purposes hereinafter set forth; and WHEREAS, each of the local public entities which is a party to this Agreement has the power to establish and operate a program of risk management; and WHEREAS, Title 1, Division 7, Chapter 5 of the California Government Code authorizes the joint exercise by two or more local public entities of any power which is common to each of them; and WHEREAS, each of the parties to the Agreement desires to join together with the other parties for the purpose of minimizing risk through any, all or any combination of the following: pooling of risk, joint funding of insurance or risk reserves in any legal manner, formation or rental of a captive insurer, establishing certain self -insured reserves against losses and jointly purchasing insurance, excess insurance, reinsurance and administrative services in connection with a cooperative program of risk management; NOW, THEREFORE, for and in consideration of the mutual advantages to be derived from and in consideration of the execution of this Agreement by other local public entities, each of the parties hereto does agree as follows: ARTICLE 1. DEFINITIONS The following definitions shall apply to the provisions of this Agreement and its Bylaws: (a) "Agreement" or "Joint Powers Agreement" shall mean this "Joint Powers Agreement for California Insurance Pool Authority," as it may be amended. (b) "Authority' or "CIPA" shall mean the California Insurance Pool Authority created by this Agreement. 114695.000000/708740.05 M (c) "Board of Directors" or "Board" shall mean the governing body of the Authority. (d) "Claim" shall mean a claim made against a member arising out of an occurrence, incident or other event which is covered by an excess or primary insurance program of the Authority in which the Member participates. (e) "Current Member" shall mean a Member Agency that has not been terminated or withdrawn from the Authority or any program thereof. (f) "Eligible Member" shall mean a Member Agency eligible to vote on a matter coming before the Board in a given area of risk, due to the Member Agency's participation in that area of risk. In the case of new areas of risk that CIPA is considering, "Eligible Members" shall be all Members who reasonably expect to participate in that area of risk. (g) "Executive Committee" shall mean the committee of the Board of Directors responsible for management of the affairs of the Authority between meetings of the Authority. (h) "General Manager" shall mean the person or entity appointed by the Board and given responsibility for the management, administration and operation of the cooperative programs of risk management of the Authority. (i) "Insurance program" or "program" shall mean a program of the Authority under which participating Members are protected against designated losses through joint purchase of primary or excess insurance, pooling of self -insured claims or losses, purchased insurance or any other combination or method as determined by the Board. The Board of Directors or the Executive Committee may determine applicable criteria for determining eligibility for any insurance program, as well as establish program policies and procedures. 0) "Local Public Entity' shall mean city, county, public authority and such other governmental entities as the Authority may determine to be qualified to participate in the Authority. (k) "Member Agency" or "Member" shall mean a Local Public Entity that is a party to this Agreement. (1) "Participation" or "Participating" shall mean a Member Agency's action or state of taking part in the programs of the Authority. (m) "Risk Management" is the process through which exposure to loss is identified, the feasibility of alternatives evaluated, the best risk management techniques are selected and implemented, and the selected program(s) monitored and improved upon. Risk management techniques may include, but not be limited to, loss prevention and reduction, transferring losses, self-insurance, pooling, commercial insurance, and other funding mechanisms. ARTICLE 2. SEPARATE ENTITY There is hereby created a separate public entity, the full legal name of which shall be "California Insurance Pool Authority", and may be referred to herein as "CIPA" or the 114695.0000001708740.05 "Authority." The Authority is a public entity separate from the parties to this Agreement. The debts, liabilities and obligations of the Authority shall not be the debts. liabilities or obligations of the parties to the Agreement. ARTICLE 3. PROGRAM A risk management program is hereby established by the parties to this Agreement. This cooperative program of Risk Management, which may include the joint purchase of primary or excess insurance, pooling of self -insured claims or losses, or purchased insurance, shall include liability coverage, and may include any or all the following risk areas: worker's compensation, accident and health, property damage and such other areas as agreed upon by the Board. ARTICLE 4. CIPA POWERS (a) CIPA shall have the power and the duty to establish and operate a program of risk management and provide for its execution either directly by CIPA or by contract. (b) CIPA is authorized to make and enter into contracts; to employ agents and employees; to acquire, construct, manage, maintain or operate any building, works or improvements; to acquire, hold or dispose of property, liabilities or obligations; establish risk management related lines of credit, to incur indebtedness, liabilities or obligations, to sue and be sued in its own name, and to exercise all powers necessary and proper to carry out the terms and provisions of this Agreement, or otherwise authorized by law. The foregoing powers include, but are not limited to, those relative to contracting for excess insurance or reinsurance, risk pooling, including formation of an owned or use of a non -owned captive insurance company, funding of self-insurance in any legal manner, claims administration services and consulting services. (c) The operations of CIPA shall be subject to, and governed by the Bylaws adopted by the Board. (d) The powers exercised by the Authority shall be subject to the restrictions upon the manner of exercising the powers of a general law city. ARTICLE 5. MEMBERS; BOARD OF DIRECTORS (a) Each Member Agency is entitled to the rights and privileges and is subject to the obligations as provided for in this Agreement and the Bylaws. (b) A new Member Agency may be accepted upon application to CIPA and upon acceptance by the Board by two-thirds vote, and subject to acceptance by the prospective member of the financial arrangements. fund contributions and such other conditions as may be specified by the Board, consistent with this Agreement. (c) Each Member Agency shall be entitled to one voting representative to serve as a director on the Board. 114695.0000001708740.05 -3- (d) Each Member Agency shall designate a representative to the Board. Each Member may designate one alternate to attend meetings and vote in the event of absence of the representative. To be qualified to serve, each representative and alternate shall be an officer or employee of the appointing Member Agency. ARTICLE 6. POWERS OF BOARD The Board shall exercise all powers and conduct all business of the Authority, either directly or by delegation to other bodies or persons unless otherwise prohibited by this Agreement including, but not limited to, the following powers and functions: (a) To approve an annual budget and any assessments of the Authority. (b) To select officers, including a treasurer, auditor, and secretary, as may be necessary to carry out the purposes of this Agreement. (c) To establish committees as it may deem necessary to carry out its purposes. (d) To exercise all of the powers and duties of CIPA, including all business assigned to the Executive Committee, in the absence of the Executive Committee. (e) To approve all changes to the Bylaws. This authority may not be delegated. (f) To perform such other duties and functions as are provided for in this Agreement. ARTICLE 7. MEETINGS OF THE BOARD The Board shall establish a time and place to hold regular meetings not less often than annually. Meetings shall be conducted pursuant to the most current edition of Roberts Rules of Order or such other procedural rules as the Board shall adopt. ARTICLE 8. QUORUM; VOTING (a) A quorum for the transaction of business by the Board shall consist of a majority of the Board of Directors, or of the Eligible Members, whichever is less. (b) All matters within the purview of the Board of Directors may be decided by majority vote of a quorum of the Board, except those matters which the Agreement or Bylaws specify as requiring a two-thirds vote of the Board must be decided by a vote of two-thirds of all representatives on the Board. (c) Each Eligible Member may vote on each matter brought before the Board for decision. ARTICLE 9. EXECUTIVE COMMITTEE The Board shall establish an Executive Committee of the Board of Directors as provided in the Bylaws. The Executive Committee shall exercise general supervisory and policy control 114695.000000/708740.05 -4- 1 over the General Manager, and may exercise any and all powers of the Board between Board meetings and when delegated by the Board, as provided in this Agreement and the Bylaws. ARTICLE 10. CIPA FUNDS The Treasurer of the Authority shall receive and receipt for all of the funds of CIPA. The treasurer of a Member Agency shall be the Treasurer and Auditor of CIPA unless another Treasurer or Auditor is designated by CIPA. The Treasurer will cause an annual audit of the financial affairs of CIPA to be made by a certified public accountant at the end of each fiscal year in accordance with generally accepted auditing principles. Except for those duties prescribed by Government Code sections 6505 and 6505.5, the Treasurer's selection, responsibilities, compensation and related matters shall be governed by the Bylaws. The Treasurer shall be the disbursing officer of CIPA and shall draw warrants against the funds of CIPA in the treasury when demands are presented and authorized as designated in the Bylaws. The Treasurer and any other person authorized to be in charge of any CIPA funds shall be bonded. ARTICLE 11. TERM OF AGREEMENT This Agreement shall continue in effect until it is rescinded by mutual consent of the parties or terminated by the written consent of two-thirds of all Member Agencies; provided that this Agreement and CIPA shall continue to exist for the purpose of disposing of all claims, distributing assets and performing all other functions necessary to wind up the affairs of CIPA. The Executive Committee shall be vested with all powers of CIPA for the purpose of winding up and dissolving the business affairs of CIPA. ARTICLE 12. MEMBERSHIP TERM; WITHDRAWAL; TERMINATION (a) A party to this Agreement shall remain a Member Agency for two years from the date it first joined CIPA; thereafter the Member Agency may withdraw by giving written notice to the Board or its designee, on or before the next succeeding March 1, of the intent to withdraw as of 12:01 a.m. on the next July 1. (b) On the July 1 specified in the notice the withdrawing party shall cease to be a Member of CIPA; however, the withdrawing party shall remain responsible to contribute its share of premiums, contributions or assessments, as described in Article 13, and shall continue to comply fully with the terms and conditions of this Agreement and programs in which they were participants. Withdrawal of a party from CIPA shall automatically concurrently terminate any and all coverages obtained by and through CIPA as to the withdrawing party and all additional insureds and named insureds affiliated with the withdrawing party, excepting only: (1) commercial insurance policies specifically naming the withdrawing party or related insureds: (2) tail or extended reporting coverage offered by CIPA and accepted by the withdrawing party; (3) pending covered claims: and (4) continuation of any coverage provided on an occurrence basis. (c) The Board shall have the right to terminate, for good cause, any Member Agency's participation in the Authority, or any program thereof, upon a 2/3 vote of the entire Board of Directors: provided that a reasonable time shall be afforded, in the discretion of the Board of Directors. for the Member to seek coverage elsewhere. 114695.000000/708740.05 -5 - 8-11 (d) The Executive Committee shall have the right to recommend termination of any Member Agency's participation in the Authority, or any program thereof, in the event of nonpayment of any of the Member Agency's obligations. Such a recommendation may be approved by a majority of the entire Board of Directors. ARTICLE 13. DISPOSITION OF CIPA PROPERTY AND FUNDS (a) A Member Agency may withdraw as a Member in accordance with this Agreement and the Bylaws, provided that no withdrawing party shall be entitled to payment or return of any earned premium, contribution, consideration, or property paid or donated by the party to the Authority, or to any distribution of assets prior to final termination of this Agreement, except in connection with final termination of a program pursuant to subparagraph (b). The withdrawal or cancellation of any Member Agency shall not terminate its responsibility to contribute its share of premium or funds to any insurance program of CIPA or to cooperate with CIPA in the resolution of claims, until all claims or other unpaid liabilities covering the period the Member Agency was a participant have been finally resolved and a determination of the final amount of payments due by the Member Agency or credits for such period has been made by the Authority. (b) In the event of the dissolution of CIPA or the complete rescission or final termination of the Joint Powers Agreement by all of the then parties thereto, or final termination of any program by CIPA, any assets of CIPA remaining after all claims and obligations have been paid, and after the payment of all liabilities, costs, expenses and charges incurred pursuant to this Agreement, or provision made for the payment of same through establishment of a liquidation fund, purchase of insurance or reinsurance, or a combination thereof. shall be returned to the then Current Members of CIPA based on their total net contributions from inception, determined as of the date of dissolution, rescission or final termination. For the purposes of this paragraph "net contributions" shall mean the sum of actual contributions paid in, less losses and allocated claims expenses, but not less than zero for any individual Member. Net contributions shall be reduced by any rate credits given. Losses and allocated claims expenses shall include contributions used to pay for reinsurance, but not any proceeds therefrom. Net contributions shall include any interest actually earned thereon by the Authority. The Authority may adjust the interest earnings attributable to the contributions of a Member whose net contribution is zero or less based on a reasonable estimate of any periods during which no interest was earned. ARTICLE 14. ENFORCEMENT AND DISPUTE RESOLUTION CIPA shall have the authority to enforce this Agreement. Any dispute regarding the interpretation of this Agreement, the Bylaws, a Memorandum of Coverage, or any other CIPA documents, or the collection or return of funds, between or among CIPA and any Member Agency or Agencies, shall be addressed in accordance with the administrative procedures established by CIPA. If unresolved, any such disputes shall then submitted to final and binding arbitration, except in the case of a dispute exclusively for the collection or return of assessments, contributions or premiums for a given year of coverage. However, where there is a coverage dispute between CIPA and any Member Agency or Agencies between such Member Agency or Agencies and one or more third party insurance providers concerning the same common nucleus 114695.000000/708740.05 10 8-12 of operative facts. the Member Agency or Agencies may request, and the Board of CIPA may, in its sole, reasonable discretion, approve or conditionally approve waiver of these dispute resolution procedures to permit adjudication of the disputes in a single forum. Such arbitrations shall be conducted in accordance with the procedures established in the California Code of Civil Procedure and referred to the Judicial Arbitration and Mediation Service or other arbiter as may be agreed by the parties, and such other procedural rules as the CIPA Board may establish. The decision of the arbitrator(s) may be entered as a judgment in any court of the State of California or elsewhere. Cost of such arbitration proceedings shall be allocated by the arbitrators. As to disputes exclusively for the collection or return of assessments. the Authority may sue, or any affected Member may sue provided it has timely presented a claim therefore to the Authority. As to such a claim for the collection or return of funds, the prevailing party shall be entitled to reasonable attorney's fees. ARTICLE 15. INVALIDITY Should any portion, term, condition or provision of this Agreement be determined by a court of competent jurisdiction to be illegal and in conflict with any law of the State of California or be otherwise rendered unenforceable or ineffectual, the validity of the remaining portions, terms, conditions and provisions shall not be affected thereby. ARTICLE 16. AMENDMENTS No amendments to this Agreement shall be effective unless accomplished by written agreement executed by the governing bodies of at least two-thirds of the parties to this Agreement. This Agreement may be executed in one or more counterparts. and shall be deemed effective as to all signatories as though signed in one document. Reasonable prior notice of any Board meeting in which amendments are to be voted upon must be given to each Member in writing. Such notice must include mention of the nature of the amendments to be voted upon. Any party that has failed to approve an amendment which has become effective shall be bound by such amendment. ARTICLE 17. LIABILITY OF BOARD OF DIRECTORS, OFFICERS, AND COMMITTEE MEMBERS (a) To the extent permitted by law, the Authority shall defend and indemnify a Director, Officer or committee member of CIPA for a claim which is based on, or arises out of, activities undertaken in good faith and within the course and scope of his or her duties, as such. (b) The cost of defense and indemnity of a Director, Officer or committee member of CIPA shall be a proper charge against the funds of the Authority, except as to those claims arising as a result of such persons traveling to or from a meeting of the Authority, it being the intent of the parties that the risks of such travel be borne by the Member Agency. No Director. Officer or committee member shall be required to give a bond or other security to guarantee the faithful performance of their duties pursuant to this Agreement. Nothing herein shall limit the right of the Authority to purchase insurance, bonds or master bonds to provide coverage within the scope of this Article. 114695.0000001708740.05 -7- 8-13 ARTICLE 18. BYLAWS (a) By a two-thirds vote of the entire Board, the Board shall develop and adopt Bylaws to govern the operations of CIPA and may amend such document. (b) Each Member Agency agrees to comply with and be bound by the provisions of the Bylaws as may be amended. Notwithstanding any provision in the Bylaws adopted by the Board, in the event of any conflict between this Agreement and the Bylaws this Agreement shall prevail. ARTICLE 19. PROHIBITION AGAINST ASSIGNMENT No Member Agency may assign any right, claim or interest it may have under this Agreement, and no creditor, assignee or third party beneficiary of any Member shall have any right, claim or title to any part, share, interest, fund, premium or asset of the Authority. ARTICLE 20. LIABILITY TO THIRD PARTIES Pursuant to Government Code section 6512.2, no Member Agency shall be liable to any third party for CIPA's conduct in carrying out the purposes of this Agreement. The Member Agencies hereby declare that CIPA is a member of the Authority and shall at all times participate in the liability insurance program of the Authority. The Member Agencies further direct the Board of Directors to at all times maintain insurance or reinsurance to cover the operations of the Authority as the Board, in its discretion, shall deem appropriate. Notwithstanding the availability of any such coverage, the assets of CIPA shall be available to satisfy the liabilities of CIPA. ARTICLE 21. AGREEMENT COMPLETE The foregoing constitutes the full and complete Agreement of the parties. There are no oral understandings or agreements not set forth in writing herein. ARTICLE 22. DATE AGREEMENT EFFECTIVE This Agreement shall become effective as of July 1, 2007 upon approval in accordance with its terms. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their proper officers thereunto duly authorized. Executed before me this day of .2022 CITY OF NEWPORT BEACH City Clerk App G O izokcs By Gl� A� pttocneY 114695.000000/708740-05 8Y G. 8-14 ATTACHMENT B AGREEMENT WITH CALIFORNIA INSURANCE POOL AUTHORITY REGARDING INSURANCE POOL MEMBERSHIP This Agreement regarding insurance pool membership ("Agreement") is made and entered into on ("Effective Date"), by and between CALIFORNIA INSURANCE POOL AUTHORITY ("CIPA"), a California joint powers authority, and the CITY OF NEWPORT BEACH, a California municipal corporation and charter city ("City"}. RECITALS A. City will be a Member Agency of CIPA pursuant to the Joint Powers Agreement for California Insurance Pool Authority ("JPA Agreement"), executed on or about October 25, 2022. City's status as a Member Agency will be effective July 1, 2023. B. The JPA Agreement provides City, as a Member Agency, membership in an insurance pool, which includes the benefits of general insurance broker services from Aon Risk Insurance Services West, Inc. ("Insurance Broker"). The scope of Insurance Broker services is set forth in that Agreement for Insurance Broker Services dated July 1, 2019, as amended, between CIPA and Insurance Broker ("Aon Agreement"). C. Pursuant to a solicitation process, CIPA was selected to provide City with access to an insurance pool and related services upon the expiration of City's existing insurance policies on June 30, 2023. The switch from the City's current insurance pool will require certain transitional services. NOW, THEREFORE, it is mutually agreed by and between he undersigned parties as follows: 1. Term: The term of this Agreement shall commence on the Effective Date, and shall terminate on June 30, 2028, unless terminated earlier. 2. Services: Starting July 1, 2023, City shall be able to obtain general insurance brokerage services from Insurance Broker in accordance with the Aon Agreement. From October 26, 2022 until July 1, 2023, City shall have access to certain insurance broker services, which are set forth in the Second Amendment to the Aon Agreement ("Transition Services"), a copy of which is attached hereto as Exhibit A. 3. Cost: The cost for Insurance Broker services shall not exceed $190,000, in accordance with the cost proposal attached hereto as Exhibit B, payable to CIPA. Transition Services shall be provided at no cost. [SIGNATURES ON NEXT PAGE] 8-15 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the dates written below. APPROVED AS TO FORM: CITY ATTORNEY'S OFFICE Date. - BY: --, 7q�A on . H a rr--"j City Attorney ATTEST: Date: By: Leilani I. Brown City Clerk CITY OF NEWPORT BEACH, a California municipal corporation Date: By: Kevin Muldoon Mayor CALIFORNIA INSURANCE POOL AUTHORITY, a California joint powers authority Date: By: Janet Kiser General Manager [END OF SIGNATURES] Attachment(s): Exhibit A -- Second Amendment to the Aon Agreement Exhibit B — Cost Proposal EXHIBIT A SECOND AMENDMENT TO THE AON AGREEMENT 8-17 SECOND AMENDMENT TO AGREEMENT FOR INSURANCE BROKER SERVICES This Second Amendment ("Amendment") is entered into on October 26, 2022 ("Effective Date"), as an Amendment to the Agreement for Insurance Broker Services dated July I, 2019 ("Agreement"), by and between the California Insurance Pool Authority ("CIPA"), a California public joint powers authority, on behalf of Member Agencies, and Aon Risk Insurance Services West, Inc. ("Insurance Broker"). The terms and conditions of the Agreement shall remain in full force and effect, except as otherwise set forth in this Amendment. IT IS HEREBY AGREED AS FOLLOWS: The existing Exhibit A "Minimum Scope of Services & Requirements" to the Agreement is replaced with the version attached to this Amendment. The City of Newport Beach ("City") will be a Member Agency of California Insurance Pool Authority effective July 1, 2023. In consideration of City's pending membership, CIPA shall provide the transitional services listed below to the City effective October 26, 2022, up and until the City becomes a Member Agency of CIPA on July 1, 2023, at which time the City will have the full scope of services available to CIPA Member Agencies. The terms and conditions of this Agreement, including the amended Exhibit A "Minimum Scope of Services & Requirements," shall be applicable to the City for all policies placed on behalf of the City on and after October 26, 2022. 1. Review City's current Memorandums of Coverage, insurance policies, detailed schedules of insurance, actuarial reports and claims history in preparation for the initial transition meeting with the City, CIPA and broker. 2. Develop a transition plan with City and broker including monitoring and reporting progress to City. 3. Assist the City in completing applications for the pooled and excess policies renewing on July 1, 2023. 4. Keep the City fully informed on the status of all marketing efforts. 5. Respond within 24 hours to inquiries. 6. Attend meetings at the request of the City. Each Member Agency and the City shall be a third -party beneficiary of this Agreement with the right to enforce the provisions of this Agreement. Page 1 of 2 No i IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the Effective Date. is Insurance Pool Authority Authorized Signature Date Aon Risk Insurance Services West, Inc. Signature Name Title Date Page 2 of 2 8-19 EXHIBIT A MINIMUM SCOPE OF SERVICES & REQUIREMENTS Insurance Broker shall perform all of the customary duties of an insurance broker for the insurance program(s), of CIPA, and for Member Agencies placing individual policies, including but not limited to the following: 1. Review marketing plans with CIPA, or Member Agencies as applicable, prior to approaching potential coverage providers. 2. By December 1 of each year, provide a written report stating anticipated renewal terms, conditions and opportunities for program enhancements. An updated written report shall again be provided if there are any changes to the anticipated renewal terms and conditions. 3. Draft insurance policy specifications which address loss exposures, adequacy of coverage, appropriate retention levels, significant restrictions in coverage, duplications or gaps in coverage, suitability of forms, and other related matters. 4. Develop underwriting information, structure offerings to coverage providers and secure coverage in excess of self-insurance programs with financially acceptable coverage providers taking into consideration breadth of coverage, cost and service. 5. Provide documents for Board packets no later than 14 days prior to Board meeting and review all proposals, documents, policies and other correspondence for accuracy prior to submitting to CIPA, and to Member Agencies as applicable. 6. Assist Member Agencies and potential new Member Agencies in the completion of applications and compile all information for submittal to carriers and copy to CIPA. 7. Prepare a comprehensive summary report for presentation to the Board no later than June 1 of each year, outlining all quotations, conditions and analysis of the recommended coverages. The summary shall include any changes in terms and conditions from the prior year. 8. Provide a disclosure report of any and all commissions, rebates or other earnings on renewal placements at June 1 of each year and provide an update by August 15, and at any time thereafter, if there are any changes to the June I report. Insurance broker will disclose in detail all compensation received from any source resulting from the marketing of insurance programs for CIPA or Member Agencies. 9. Prepare schedule of insurance by August 1 of each year. 10. Deliver binders or other evidences of coverage within five (5) working days after the placement of any coverage under the program(s) to be effective until such time as the policy or policies for the placement are received from the insurance carriers. 11. Deliver complete policy or policies within ninety (90) calendar days of placement. If such policy or policies are not delivered timely. Insurance Broker will provide written documentation stating the reason for such failure. 12. Review insurance policies, binders. certificates. billings and other documents for accuracy and conformance with negotiated coverage within fourteen (14) calendar days of receipt. or earlier if needed. 13. Process requests for additions or deletions to policies or endorsements within five (5) working days of receipt and continue to follow-up until received. Provide status of request every fourteen (14) days until received. 14. Monitor Program(s) to assure continuing balance of coverage scope, cost. service and stability. Page 1 of 2 t 15. Evaluate the financial status and service capabilities of current and past coverage providers and notify CIPA, or Member Agency if applicable, immediately of any adverse changes in the financial condition of its insurers. 16. Assist Member Agencies with filing claims and represent CIPA and Member Agencies claim negotiations with insurance carriers. Provide CIPA and/or Member Agencies with status updates throughout process. 17. Prepare annual stewardship report which will include a complete list of coverages in force, an evaluation of the overall insurance program(s). including recommendations for change, a forecast of market conditions and estimated premiums for future budgeting purposes, and a description of the activities performed on CIPA matters by the account team members. 18. Provide renewal certificates by July 1 of each year and prepare additional requests from Member Agencies within three (3) working days of request. 19. Assist CIPA and Member Agencies in the evaluation of contractual risk for the purpose of determining appropriate insurance requirements. 20. At the request of CIPA and/or Member Agencies, review evidence of insurance and provide guidance on acceptability. 21. Review contracts and lease agreements as requested by CIPA and/or Member Agencies and notify whether insurance programs meet specifications. 22. Attend Board and other meetings at the request of CIPA and/or Member Agencies. 23. Assist in the recruitment and marketing of new Member Agencies. 24. Disclose on a timely basis all real or potential conflicts of interest. 25. Respond to phone calls and emails within 24-hours. 26. Comply with all State and Federal laws and regulations pertaining to insurance brokers licensed in the State of California. Page 2 of 2 8-21 EXHIBIT B COST PROPOSAL 8-22 Exhibit B Please provide the proposed yearly fee for general brokerage services or joint powers authority, as described in the Scope of Services. PROPOSED PRICING FOR CONTRACT DURATION Year Not -to -Exceed Compensation Amount Year 1 $35,000 Year 2 $35,000 Year 3 $39,000 Year $40,000 Year 5 $41 ,0D0 TOTAL AGREEMENT COMPENSATION $1 90,000 Other Costs: In the space below or on a separate page, please indicate any other costs that may be associated with providing the requested services in this RFP that are not included in the table above. Please also assume a five (5) year contract terra and describe any annual rate increases over this time, if applicable: The above represents the estimated insurance broker fees that would be allocated to the City of Newport Beach for the CIPA group purchased insurance programs, including excess liability, excess workers' compensation, property, cyber, pollution and crime/bond policies. CIPA has a contract with Aon, our insurance broker, for the placement of CIPA's group purchased insurance policies. The Flat fee arrangement with the broker is allocated between Members and is the only brokerage fee paid on the group purchased policies. Thus, the City would not have a flat fee arrangement with the broker, plus insurance broker commissions built into the JPA's group purchased programs. Any fees or commissions paid by carriers to Aon in excess of CIPA's contracted flat fee are rebated back to CIPA as a reduction in Member premium. CIPA's agreement with the broker includes a fee option for Members placing unique stand-alone policies to be based on a commission. This approach for stand-alone policies is no different than the City's current arrangement. CIPA's broker can offer the City an option of a flat fee to place stand-alone policies, although it may be advantageous to the City to pay based on CIPA's contracted commissions which range between 10% and 15%. Additionally, our Members have derived savings when the placement of insurance policies were transferred to Aon from another broker. As with any JPA or insurance carrier, we are unable to guarantee premiums in future years Pricing provided shall include any and all labor; materials; equipment; supervision; travel and expenses; and insurance to provide the services described in this RFP solicitation. The undersigned certifies that submission of this Proposal is made without prior understanding, arrangement. agreement, or connection with any corporation, firm or person submitting a 210922.1 RFP No, 22-59 26 8-23 Proposal for the same services, and is in all respects fair and without collusion of fraud. The undersigned certifies that they have not entered into any arrangement or agreement with any City of Newport Beach public officer. The undersigned understands collusive practices are a violation of State and Federal law and can result in fines, prison sentences, and civil damage awards. Janet Kiser Digitally signed by Janet Kiser 6/7/2022 Date: 2022.06-07 17:30:46-07'00' Proposer Signature Date Janet Kiser, General Manager Printed Name and Title 210922.1 RFP No. 22-59 27