An Act To Allow Schools in the State To Self-insure for Fire, Property and Theft Insurance
Sec. 1. 5 MRSA §1737, sub-§4, as amended by PL 2003, c. 20, Pt. OO, §2 and affected by §4 and amended by c. 114, §2, is further amended to read:
Sec. 2. Department of Administrative and Financial Services, Risk Management Division to develop program for self-insurance. The Department of Administrative and Financial Services, Risk Management Division shall develop a program to self-insure elementary and secondary schools in the State for property, fire and theft liabilities pursuant to the Maine Revised Statutes, Title 5, section 1737, subsection 4. The program must indemnify the State for losses arising from property, fire and theft claims made against elementary and secondary schools that participate in the reserve fund beginning no later than January 1, 2008.
summary
This bill directs the Department of Administrative and Financial Services, Risk Management Division to develop a program to self-insure elementary and secondary schools in the State for property, fire and theft losses beginning no later than January 1, 2008.