(A) The City shall endeavor to purchase its property and casualty insurance coverage from a single source when the packaged arrangement proves financially advantageous to the City, and thus to its taxpayers and utility service users. Emphasis shall be given to total insurance costs, rather than the separate costs of individual policies. As a general rule, a multiplicity of separate insurance coverages shall be avoided.

(B) Notwithstanding any other City ordinance, insurance shall be purchased and placed in a businesslike manner, without preference or prejudice, at the lowest practical effective cost with special emphasis given to all benefits and levels of direct service to the City. The formal competitive bidding process shall be limited to a frequency no less than every three (3) years, unless the current insurance company, broker or agent provides unsatisfactory service, cancels coverage or the Risk Manager determines that competitive bidding is warranted.

(C) Insurance will be placed only with those insurance companies or risk retention groups which may conduct business in Kansas, except as to such insurance as may be available only from non-admitted companies. Financial statements, or a rating of A- or higher in Best’s Key Rating Guide, should be required from non-admitted companies.

(D) Insurance may be obtained by participating in a State of Kansas, Insurance Commissioner-approved “pool” which the Risk Manager has determined is properly funded and administered to adequately protect the City. (Ord. 22-19 § 4, 2022; Ord. 89-98 § 1, 1989.)