This document outlines the Memorandum of Understanding for the Excess Liability Program between Public Risk Innovation, Solutions, and Management (PRISM) and its participating memb
This document outlines the Memorandum of Understanding for the Excess Liability Program between Public Risk Innovation, Solutions, and Management (PRISM) and its participating members. The program aims to provide excess liability coverage to members, and the memorandum details the terms and conditions of the program, including cost allocation, claims administration, and dispute resolution. The document also includes exhibits, such as the cost allocation plan and underwriting and claims administration standards.
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Summary
This document outlines the Memorandum of Understanding for the Excess Liability Program between Public Risk Innovation, Solutions, and Management (PRISM) and its participating members. The program aims to provide excess liability coverage to members, and the memorandum details the terms and conditions of the program, including cost allocation, claims administration, and dispute resolution. The document also includes exhibits, such as the cost allocation plan and underwriting and claims administration standards.