BURLINGTON COUNTY INSURANCE COMMISSION AGENDA AND REPORTS APRIL 7, 2016

Transcription

1 BURLINGTON COUNTY INSURANCE COMMISSION AGENDA AND REPORTS APRIL 7, 2016 COUNTY ADMINISTRATION BUILDING FREEHOLDER CONFERENCE ROOM 1 FIRST FLOOR 49 RANCOCAS ROAD MT. HOLLY, NJ :00PM OPEN PUBLIC MEETINGS ACT - STATEMENT OF COMPLIANCE In accordance with the Open Public Meetings Act, notice of this meeting was given by: I. Advertising the notice in the Burlington County Times II. III. Filing advance written notice of this meeting with the Commissioners of the Burlington County Insurance Commission; and Posting notice on the Public Bulletin Board of the Office of the County Clerk

2 BURLINGTON COUNTY INSURANCE COMMISSION AGENDA OPEN PUBLIC MEETING: APRIL 7, RANCOCAS ROAD MT. HOLLY, NJ :00 PM MEETING CALLED TO ORDER - OPEN PUBLIC MEETING NOTICE READ ROLL CALL OF COMMISSIONERS APPROVAL OF MINUTES: March 3, 2016 Open Minutes...Appendix I March 3, 2016 Closed Minutes... Handout CORRESPONDENCE COMMITTEE REPORTS Safety Committee:... Verbal Claims Committee:... Verbal EXECUTIVE DIRECTOR/ADMINISTRATOR PERMA... Pages 2-15 TREASURER Edward J. Troy Resolution April Bill List... Page 16 Resolution April Health Bill List...Page 17 January Treasurer Monthly Reports...Pages ATTORNEY Robert A. Baxter... Verbal CLAIMS SERVICE PMA Management Corp. Monthly Report... Pages CEL SAFETY DIRECTOR J.A. Montgomery Risk Control Monthly Report... Pages OLD BUSINESS NEW BUSINESS PUBLIC COMMENT CLOSED SESSION Resolution Closed Session....Page 25 Motion for Executive Session (in accordance with the Open Public Meetings Act, N.J.S.A. 10:4-12) Motion to Return to Open Session MEETING ADJOURNMENT NEXT SCHEDULED MEETING: MAY 5, 2016 COUNTY ADMINISTRATION BUILDING 49 RANCOCAS ROAD, MT. HOLLY NJ 08102, 2:00 PM 1

3 Date: April 7, 2016 BURLINGTON COUNTY INSURANCE COMMISSION 9 Campus Drive, Suite 216 Parsippany, NJ Telephone (201) Memo to: From: Subject: Commissioners of the Burlington County Insurance Commission PERMA Risk Management Services Executive Director's Report CEL Underwriting Manager Team We would like to welcome and introduce Ed Cooney. Ed will be an addition to the CEL Underwriting Manager team. Ed can be reached at or ecooney@connerstrong.com. Certificate of Insurance Issuance Report (Page 5) Attached on page 5 is the certificate of insurance issuance report from the CEL listing those certificates issued for the period of 2/29/16 to 3/31/16. There were 3 certificate of insurances issued during this period. Motion to approve the certificate of insurance report Professional Service Agreements (Appendix II) We recommend the standard contract language for the BCIC service agreements be updated to track to language in the law on Political Contributions, Affirmative Action and Records. A copy of the Exhibit A is included in Appendix II of the agenda indicating the changes. The revisions were reviewed and approved by the Commission Attorney. Motion to approve the amendment to the standard contract provisions POL/EPL Coverage As we discussed in January Burlington County s POL/EPL coverage is with the excess liability carrier, Lloyds of London. The County currently has an SIR of $500,000. The actuary had provided the below Commission self funded options: We were awaiting a commercial quote for a buy down option as well. The commercial insurance carriers were unwilling to offer a mid term quote. If the County decides to purchase the 2

4 Commission self funded option the budget could be amended accordingly and we can discuss the payment options. If the Commissioners decide to purchase the self fund option a motion would be appropriate for the approval. Motion to approve a Commission self funded option for POL/EPL coverage for Employee Dishonesty Coverage The Employee Dishonesty Coverage with policy Selective Insurance renewed on April 5, This policy covers the positions of Executive Director, Third Party Administrator and Treasurer. The limit per loss is $1,000,000 with a $10,000 deductible. The annual premium is $1, If the Commission approves the renewal the premium for this policy will be paid out of the Miscellaneous and Expense Account. Motion to renew the Employee Dishonesty Coverage with Selective Insurance Company for the period of 4/5/16 to 4/5/17 with an annual premium of $1,683 NJ Excess Counties Insurance Fund (CELJIF) (Pages 6-8) As discussed at our last meeting the CEL held their Re-Organization Meeting on February 25, A summary report of the meeting is included in the agenda on pages 6-8. The next meeting is scheduled for Tuesday, April 26, 2016 at 1:00 PM. BCIC Financial Fast Track (Page 9) Included in the agenda on page 9 is a copy of the Financial Fast Track for the month of January. As of January 31, 2016 the report indicates the Commission has a surplus of $866,312. Line 9 of the report, Investment in Joint Venture is the Burlington County Insurance Commission s share of the equity in the CEL. BCIC s equity in the CEL as of January 31, 2016 is $504,039. The cash amount is $4,077,330. NJ CEL Property and Casualty Financial Fast Track (Page 10) Included in the agenda on page 10 is a copy of the CEL Financial Fast Track Report for the month of January. As of January 31, 2016 the CEL has a surplus of $6,222,795. The cash amount is $8,592,052. Claims Tracking Reports (Pages 11-12) The claims tracking reports are on pages of the agenda. The Executive Director will review the Claims Activity Report and Expected Loss Ratio Analysis Report as of February 29, 2016 with the Commission Assessment Bills The 2016 Property & Casualty Assessment Bills were due on March 15, The Treasurer advised he received payment from all of the entities Audit The auditor is in the process of preparing the 2015 Fund Year Audit. When the audit is completed Mr. Jim Miles of Bowman & Company will be asked to attend the meeting to review his report with the Commission. RFQ for Defense Law Firms A discussion will take place during closed session regarding the responses that were received for a defense panel. 3

5 Property Claim(s) Mr. Mike Trump of Vericlaim will discuss a property damage claim in closed session. Legacy Claims The implementation of funding the legacy claims through the BCIC is still on hold pending an update on certain claims. Alternate Commissioner The alternate Commissioner is on hold pending a decision from the County Health Benefits Report The Health Benefit Report starts on page 13. 4

6 From 2/29/2016 To 3/31/16 Burlington County Insurance Commission Certificate Of Insurance Monthly Report Thursday, March 31, 2016 Description of Issue Holder (H) / Insured Name (I) Holder / Insured Address Code Operations Date Coverage Burlington H- First Baptist Church of Beverly 405 Broad Street Beverly, NJ Evidence of insurance. All operations usual to County 3/2/2016 GL EX AU WC I- County of Burlington 49 Rancocas Road Mt. Holly, NJ Governmental Entity as respects to Resolution Lease agreement with Office of Aging. H- Merion Catering 1901 US Route 130 South Cinnaminson, NJ 473 Evidence of insurance. All operations usual to County 3/29/2016 GL EX AU WC I- County of Burlington Governmental Entity as respects the Annual Outstanding Women of 49 Rancocas Road Mt. Holly, NJ of Year banquet held on March 26, 2016 at 5:00PM - 9:30PM. (see page 2) Company E: XS Worker Compensation Statutory x $1,000,000 XS Employers Liability $5,000,000 x $1,000,000 Policy Term 1/1/16 to 1/1/17 Policy # SP H- State of New Jersey Division of HIV/STD and TB Services PO Box Evidence of insurance. All operations usual to County 3/29/2016 GL EX AU WC I- County of Burlington Trenton, NJ Governmental Entity as respects Local Core Capacity for 49 Rancocas Road Mt. Holly, NJ Burlington County Health Department Grant : AIDS17CTN003. (SEE PAGE 2) Company E: XS Worker Compensation Statutory x $1,000,000 XS Employers Liability $5,000,000 x $1,000,000 Policy Term 1/1/16 to 1/1/17 Policy # SP Total # of Holders = 3 5

7 NEW JERSEY COUNTIES EXCESS JOINT INSURANCE FUND 9 Campus Drive Suite 216 Parsippany, NJ Telephone (201) Fax (201) Date: February 25, 2016 To: From: Executive Committee Burlington County Insurance Commission PERMA Risk Management Services Subject: New Jersey Counties Excess Meeting Report 2016 Reorganization: The NJCE conducted its 2016 Reorganization and adopted the respective resolutions to conduct the business of the Fund. As per the NJCE Bylaws, the total number of commissioners exceeds seven and can meet as an Executive Committee with a Chair, Secretary, a five-member Executive Committee and up to four Alternate Commissioners. Below is a listing of the 2016 Executive Committee and alternates; however, the NJCE meets as a Board of Fund Commissioners Officers & Executive Committee Chairman Ross Angilella Camden County Insurance Commission Secretary John Kelly Ocean County Executive Committee Janette Kessler Atlantic County Insurance Commission Kendall Collins Burlington County Insurance Commission Ken Mecouch Cumberland County Insurance Commission Gerald White Gloucester County Insurance Commission Edmund Shea Hudson County Alternates Andrew Mair Mercer County Insurance Fund Commission Jessica Foote Bishop Salem County Insurance Commission Michael Yuska Union County Public Meeting Procedures: The Board of Fund Commissioners confirmed the following meeting schedule: 2016 Meeting Schedule & 2017 Reorganization April 26, 2016 Camden County Emergency Training Center 1:00PM June 23, 2016 Camden County Emergency Training Center 1:00PM September 22, 2016 Camden County Emergency Training Center 1:00PM October 27, 2016 Camden County Emergency Training Center 1:00PM November 17, 2016 February 23, 2017 Camden County Emergency Training Center 1:00PM 2017 Reorganization Camden County Emergency Training Center 1:00PM 2016 Risk Management Plan: Included as part of the Reorganization was the 2016 Risk Management Plan with changes highlighted from the prior year. 6

8 Professional Contracts: Award of Contracts Executive Director, Underwriting Manager and Safety Director- The fund released and advertised Request for Proposals for these vendors for a three-year period; responses were reviewed by the Fund Attorney, Chairman, Secretary and Treasurer. The Board adopted a resolution authorizing the award of contracts, pursuant to a publicly advertised request for proposal by and between the Fund and PERMA Risk Management Services as Executive Director, Conner Strong & Buckelew as Underwriting Manager and J.A. Montgomery as Safety Director. Contract term is from February 25, 2016 through reorganization of the Fund in February Solicitation of Quotations Auditor: The fund s one-year contract for auditing services is set to expire in April. The Board authorized the fund office to solicit quotations for auditing services; results will be prepared by the next meeting for the board to review and award a contract so services can begin on the audit ending December 31, Actuary: The fund awarded a contract to The Actuarial Advantage for a one-year period on 11/19/15 and their previous contract term expired on 6/30/15. In the interim, the firm provided actuarial services and submitted a request to approve payment for services rendered. The Board adopted a resolution to authorize payment in equity to The Actuarial Advantage DOBI Examination: The State of New Jersey Department of Banking & Insurance performed an examination of the Fund for the 2013 Fund Year. The examination contained no negative findings or recommendations. The Board approved the Examination Report and would execute the necessary affidavits for the fund office to file with the DOBI. NJCE Website: The Fund received correspondence from the Department of Banking & Insurance, which noted items that did not appear on the fund s website as per N.J.S.A. 40A: Internet Website Documentation. Executive Director reported the fund office responded by the deadline indicating where the documentation could be located. NJCE Financials: The Financial Fast Track as of December 31, 2015 reflected the fund s statutory surplus of $5.9 million Excess & Ancillary Renewals: The Board previously approved authorization for the Underwriting Manager to bind coverage of the 2016 renewal program. Underwriting Manager provided a summary report on the renewal program, which detailed significant changes. The Extraordinary Unspecifiable Services (EUS) statements were included in the agenda and the Board of Fund Commissioners adopted a resolution memorializing the authorization of the purchase of insurances. Claims Status Summary: AmeriHealth Casualty Services provided a summary report of any claims with large open reserves which were reviewed during Closed Session. 7

9 Risk Control: Safety Director s report included a report reflecting the risk control activities from November 2015-February Next Meeting: The next meeting of the NJCE fund is scheduled for Tuesday April 26, 2016 at 1:00PM at the Camden County College Regional Emergency Training Cent 8

10 AS OF THIS MONTH YTD CHANGE PRIOR YEAR END FUND BALANCE 1. UNDERWRITING INCOME 374, ,016 18,102,654 18,476, CLAIM EXPENSES Paid Claims 66,488 66,488 4,510,053 4,576,541 Case Reserves 188, ,724 2,486,787 2,675,511 IBNR 204, ,856 1,663,371 1,868,227 Discounted Claim Value (9,627) (9,627) (101,399) (111,025) TOTAL CLAIMS 450, ,441 8,558,812 9,009, EXPENSES Excess Premiums 151, ,469 7,536,890 7,688,359 Administrative 26,835 26,835 1,446,551 1,473,387 TOTAL EXPENSES 178, ,304 8,983,442 9,161, UNDERWRITING PROFIT (1-2-3) (254,729) (254,729) 560, , INVESTMENT INCOME 1,965 1,965 49,678 51, PROFIT (4 + 5) (252,764) (252,764) 610, , CEL APPROPRIATION CANCELLATION 0 0 4,958 4, DIVIDEND INCOME INVESTMENT IN JOINT VENTURE 59,022 59, , , SURPLUS ( ) (193,742) (193,742) 1,060, ,312 SURPLUS (DEFICITS) BY FUND YEAR ,224 18, , ,621 (15,594) (15,594) (96,767) (112,361) (111,932) (111,932) 209,285 97,353 (97,000) (97,000) 149,140 52,139 12,561 12,561 12,561 TOTAL SURPLUS (DEFICITS) (193,742) (193,742) 1,060, ,312 TOTAL CASH 4,077,330 CLAIM ANALYSIS BY FUND YEAR FUND YEAR 2012 Paid Claims ,508,548 1,509,298 Case Reserves (1,747) (1,747) 224, ,137 IBNR (1,942) (1,942) 64,742 62,800 Discounted Claim Value (5,405) (5,336) TOTAL FY 2012 CLAIMS (2,871) (2,871) 1,792,770 1,789,899 FUND YEAR 2013 Paid Claims 10,831 10,831 1,554,616 1,565,448 Case Reserves 8,913 8, , ,192 IBNR (1,478) (1,478) 147, ,336 Discounted Claim Value (143) (143) (22,936) (23,079) TOTAL FY 2013 CLAIMS 18,123 18,123 2,537,774 2,555,897 FUND YEAR 2014 Paid Claims 1,857 1, , ,122 Case Reserves 118, , , ,010 IBNR (4,070) (4,070) 814, ,994 Discounted Claim Value (2,412) (2,412) (29,320) (31,732) TOTAL FY 2014 CLAIMS 113, ,667 2,060,726 2,174,394 FUND YEAR 2015 Paid Claims 51,734 51, , ,358 Case Reserves 16,326 16, ,906 1,011,232 IBNR 22,371 22, , ,121 Discounted Claim Value (1,093) (1,093) (43,738) (44,831) TOTAL FY 2015 CLAIMS 89,338 89,338 2,167,542 2,256,880 FUND YEAR 2016 BURLINGTON COUNTY INSURANCE COMMISSION FINANCIAL FAST TRACK REPORT January 31, 2016 ALL YEARS COMBINED Paid Claims 1,316 1,316 1,316 Case Reserves 46,940 46,940 46,940 IBNR 189, , ,975 Discounted Claim Value (6,047) (6,047) (6,047) TOTAL FY 2016 CLAIMS 232, , ,183 COMBINED TOTAL CLAIMS 450, ,441 8,558,812 9,009,253 This report is based upon information which has not been audited nor certified by an actuary and as such may not truly represent the condition of the fund. 9

11 NEW JERSEY COUNTIES EXCESS JIF FINANCIAL FAST TRACK REPORT AS OF January 31, 2016 ALL YEARS COMBINED THIS YTD PRIOR FUND MONTH CHANGE YEAR END BALANCE 1. UNDERWRITING INCOME 1,787,112 1,787,112 76,187,004 77,974, CLAIM EXPENSES Paid Claims 254, ,592 1,089,800 1,344,392 Case Reserves (68,975) (68,975) 2,413,317 2,344,342 IBNR 335, ,418 9,188,910 9,524,329 Discounted Claim Value (28,911) (28,911) (651,074) (679,985) TOTAL CLAIMS 492, ,124 12,040,954 12,533, EXPENSES Excess Premiums 807, ,826 52,056,606 52,864,432 Administrative 132, ,341 5,652,282 5,784,623 TOTAL EXPENSES 940, ,167 57,708,888 58,649, UNDERWRITING PROFIT (1-2-3) 354, ,821 6,437,162 6,791, INVESTMENT INCOME 3,638 3, , , PROFIT (4+5) 358, ,459 6,621,887 6,980, Dividend , , Cancelled Appropriations , , SURPLUS (6-7-8) 358, ,459 5,864,336 6,222,795 SURPLUS (DEFICITS) BY FUND YEAR ,230 4, , ,412 (225,620) (225,620) 1,149, , , , , ,009 16,486 16,486 1,259,797 1,276,283 12,923 12,923 1,417,920 1,430,843 (99,309) (99,309) 917, , , , , TOTAL SURPLUS (DEFICITS) 358, ,459 5,864,335 6,222,794 TOTAL CASH 8,592,052 CLAIM ANALYSIS BY FUND YEAR FUND YEAR 2010 Paid Claims , ,355 Case Reserves 4,845 4, ,846 IBNR (9,796) (9,796) 326, ,749 Discounted Claim Value (11,008) (10,954) TOTAL FY 2010 CLAIMS (3,996) (3,996) 478, ,996 FUND YEAR 2011 Paid Claims 91,234 91, , ,331 Case Reserves 166, , , ,364 IBNR (18,717) (18,717) 623, ,179 Discounted Claim Value (12,832) (12,832) (41,637) (54,469) TOTAL FY 2011 CLAIMS 226, , ,363 1,214,405 FUND YEAR 2012 Paid Claims 127, , , ,861 Case Reserves (203,092) (203,092) 856, ,178 IBNR (33,601) (33,601) 1,120,043 1,086,442 Discounted Claim Value 8,992 8,992 (82,267) (73,276) TOTAL FY 2012 CLAIMS (99,729) (99,729) 2,409,934 2,310,205 FUND YEAR 2013 Paid Claims ,975 15,975 Case Reserves , ,305 IBNR (16,577) (16,577) 1,657,721 1,641,144 Discounted Claim Value (110,993) (110,201) TOTAL FY 2013 CLAIMS (15,784) (15,784) 2,074,007 2,058,223 FUND YEAR 2014 Paid Claims 34,485 34, , ,407 Case Reserves (37,896) (37,896) 313, ,211 IBNR (12,059) (12,059) 2,411,798 2,399,739 Discounted Claim Value 3,388 3,388 (164,745) (161,356) TOTAL FY 2014 CLAIMS (12,081) (12,081) 2,680,081 2,668,000 FUND YEAR 2015 Paid Claims , ,464 Case Reserves , ,438 IBNR 106, ,712 3,048,907 3,155,619 Discounted Claim Value (7,275) (7,275) (240,424) (247,699) TOTAL FY 2015 CLAIMS 100, ,245 3,409,576 3,509,822 FUND YEAR 2016 Paid Claims Case Reserves IBNR 319, , ,457 Discounted Claim Value (22,030) (22,030) (22,030) TOTAL FY 2016 CLAIMS 297, , ,428 COMBINED TOTAL CLAIMS 492, ,124 12,040,954 12,533,078 This report is based upon information which has not been audited nor certified by an actuary and as such may not truly represent the condition of the fund. 10

12 Burlington County Insurance Commission CLAIM ACTIVITY REPORT AS OF February 29, 2016 C O V E R A G E L I N E - PROPERTY C L A I M C O U N T - O P E N C L A I M S Year TOTAL January February NET CHGE Limited Reserves $64,433 Year TOTAL January-16 $0 $0 $0 $0 $0 $10,000 $0 $10,000 February-16 $0 $0 $0 $0 $0 $95,000 $98,298 $193,298 NET CHGE $0 $0 $0 $0 $0 $85,000 $98,298 $183,298 Ltd Incurred $0 $0 $59,388 $0 $2,109 $121,433 $115,000 $297,931 C O V E R A G E L I N E - GENERAL LIABILITY C L A I M C O U N T - O P E N C L A I M S Year TOTAL January February NET CHGE Limited Reserves $12,919 Year TOTAL January-16 $0 $0 $101,151 $125,472 $200,934 $196,178 $0 $623,734 February-16 $0 $0 $99,803 $118,209 $292,256 $225,107 $1,000 $736,376 NET CHGE $0 $0 ($1,347) ($7,263) $91,323 $28,929 $1,000 $112,641 Ltd Incurred $0 $0 $442,599 $331,995 $500,181 $281,533 $1,000 $1,557,309 C O V E R A G E L I N E - AUTO LIABILITY C L A I M C O U N T - O P E N C L A I M S Year TOTAL January February NET CHGE Limited Reserves $9,377 Year TOTAL January-16 $0 $0 $0 $0 $137,631 $21,015 $0 $158,647 February-16 $0 $0 $0 $0 $137,631 $21,515 $267 $159,413 NET CHGE $0 $0 $0 $0 $0 $500 $267 $767 Ltd Incurred $0 $0 $7,877 $41,428 $236,411 $70,160 $14,927 $370,804 C O V E R A G E L I N E - WORKERS COMP. C L A I M C O U N T - O P E N C L A I M S Year TOTAL January February NET CHGE Limited Reserves $29,113 Year TOTAL January-16 $0 $0 $121,984 $741,720 $188,445 $784,039 $46,940 $1,883,127 February-16 $0 $0 $121,984 $721,004 $139,495 $864,283 $74,724 $1,921,489 NET CHGE $0 $0 $0 ($20,715) ($48,950) $80,244 $27,784 $38,363 Ltd Incurred $0 $0 $1,310,678 $2,014,566 $655,008 $1,402,558 $92,364 $5,475,175 T O T A L A L L L I N E S C O M B I N E D C L A I M C O U N T - O P E N C L A I M S Year TOTAL January February NET CHGE Limited Reserves $21,053 Year TOTAL January-16 $0 $0 $223,134 $867,192 $527,010 $1,011,232 $46,940 $2,675,508 February-16 $0 $0 $221,787 $839,213 $569,382 $1,205,905 $174,288 $3,010,576 NET CHGE $0 $0 ($1,347) ($27,978) $42,373 $194,673 $127,348 $335,069 Ltd Incurred $0 $0 $1,820,543 $2,387,988 $1,393,710 $1,875,686 $223,292 $7,701,218 11

13 Burlington County Insurance Commission CLAIMS MANAGEMENT REPORT EXPECTED LOSS RATIO ANALYSIS AS OF February 29, 2016 CUbD Y9AR LOSS9S CAtt9D AT R9T9bTLOb Current 50 Last aonth 49 Last Year 38 Budget Unlimited Limited Actual aobti Unlimited Limited Actual aobti Unlimited Limited Actual aobti Lncurred Lncurred 29-Ceb-16 TARD9T9D Lncurred Lncurred 01-Ceb-16 TARD9T9D Lncurred Lncurred 28-Ceb-15 TARD9T9D trot9rty 124,180 59,388 59, % 124, % 59,388 59, % 124, % 42,202 42, % 124, % D9b LLABLLLTY 219, , , % 211, % 442, , % 210, % 336, , % 200, % AUTO LLABLLLTY 68,206 7,877 7, % 63, % 7,877 7, % 63, % 7,877 7, % 60, % WORY9R'S COat 2,058,826 1,340,946 1,310, % 2,048, % 1,340,496 1,340, % 2,047, % 1,264,736 1,264, % 2,026, % TOTAL ALL LLb9S 2,470,664 1,850,810 1,820, % 2,447, % 1,850,360 1,850, % 2,445, % 1,651,206 1,651, % 2,411, % b9t tayout % $1,598, % CUbD Y9AR LOSS9S CAtt9D AT R9T9bTLOb Current 38 Last aonth 37 Last Year 26 Budget Unlimited Limited Actual aobti Unlimited Limited Actual aobti Unlimited Limited Actual aobti Lncurred Lncurred 29-Ceb-16 TARD9T9D Lncurred Lncurred 01-Ceb-16 TARD9T9D Lncurred Lncurred 28-Ceb-15 TARD9T9D trot9rty 126, % 126, % % 126, % % 126, % D9b LLABLLLTY 223, , , % 204, % 331, , % 203, % 245, , % 182, % AUTO LLABLLLTY 69,570 41,428 41, % 61, % 41,428 41, % 61, % 41,428 41, % 54, % WORY9R'S COat 1,804,203 2,014,566 2,014, % 1,775, % 2,024,208 2,024, % 1,772, % 1,985,309 1,985, % 1,710, % TOTAL ALL LLb9S 2,224,277 2,387,988 2,387, % 2,168, % 2,397,631 2,397, % 2,163, % 2,272,173 2,272, % 2,074, % b9t tayout % $1,548, % CUbD Y9AR LOSS9S CAtt9D AT R9T9bTLOb Current 26 Last aonth 25 Last Year 14 Budget Unlimited Limited Actual aobti Unlimited Limited Actual aobti Unlimited Limited Actual aobti Lncurred Lncurred 29-Ceb-16 TARD9T9D Lncurred Lncurred 01-Ceb-16 TARD9T9D Lncurred Lncurred 28-Ceb-15 TARD9T9D trot9rty 126,664 2,109 2, % 126, % 2,109 2, % 126, % 2,109 2, % 121, % D9b LLABLLLTY 223, , , % 182, % 407, , % 180, % 530, , % 143, % AUTO LLABLLLTY 69, , , % 54, % 236, , % 54, % 159, , % 39, % WORY9R'S COat 1,690, , , % 1,602, % 702, , % 1,592, % 637, , % 1,265, % TOTAL ALL LLb9S 2,110,361 1,393,710 1,393, % 1,966, % 1,348,244 1,348, % 1,953, % 1,329,937 1,329, % 1,570, % b9t tayout % $824, % CUbD Y9AR LOSS9S CAtt9D AT R9T9bTLOb Current 14 Last aonth 13 Last Year 2 Budget Unlimited Limited Actual aobti Unlimited Limited Actual aobti Unlimited Limited Actual aobti Lncurred Lncurred 29-Ceb-16 TARD9T9D Lncurred Lncurred 01-Ceb-16 TARD9T9D Lncurred Lncurred 28-Ceb-15 TARD9T9D trot9rty 117, , , % 112, % 36,433 36, % 111, % % 15, % D9b LLABLLLTY 300, , , % 192, % 249, , % 186, % % 7, % AUTO LLABLLLTY 68,000 70,160 70, % 38, % 69,598 69, % 36, % % 1, % WORY9R'S COat 1,732,504 1,402,558 1,402, % 1,297, % 1,272,470 1,272, % 1,215, % 124, , % 34, % TOTAL ALL LLb9S 2,217,504 1,875,686 1,875, % 1,641, % 1,627,591 1,627, % 1,550, % 124, , % 59, % b9t tayout % $669, % CUbD Y9AR LOSS9S CAtt9D AT R9T9bTLOb Current 2 Last aonth 1 Last Year -10 Budget Unlimited Limited Actual aobti Unlimited Limited Actual aobti Unlimited Limited Actual aobti Lncurred Lncurred 29-Ceb-16 TARD9T9D Lncurred Lncurred 01-Ceb-16 TARD9T9D Lncurred Lncurred 28-Ceb-15 TARD9T9D trot9rty 98, , , % 12, % % 5, % 0 0 b/a b/a b/a D9b LLABLLLTY 368,000 1,000 1, % 9, % % 3, % 0 0 b/a b/a b/a AUTO LLABLLLTY 74,000 14,927 14, % 1, % % % 0 0 b/a b/a b/a WORY9R'S COat 1,789,699 92,364 92, % 35, % 49,998 49, % 8, % 0 0 b/a b/a b/a TOTAL ALL LLb9S 2,329, , , % 59, % 49,998 49, % 19, % 0 0 b/a b/a b/a b9t tayout % $49, % 12

14 BURLINGTON COUNTY INSURANCE COMMISSION 9 Campus Drive, Suite 216 Parsippany, NJ Telephone (201) Fax (201) Date: April 1, 2016 Memo to: From: Subject: Commissioners of the Burlington County Insurance Commission PERMA Risk Management Services Health Benefit Reports FINANCIAL PROCEDURES HEALTH INSURANCE PROGRAM Financial Fast Track Attached are revised health program income statements for December and January, and the new report for February. The Fund actuary has increased the Incurred But Not Reported claims reserve, based upon actual claims data for July 1 to December 31, 2015, by $1,794,795. Because of the unusual amount of this increase, we are asking him to re-value the reserve once data through 3/31/2016 is available. GASB 45 REPORTING The Municipal Reinsurance Health Insurance Fund has a lead agency contract with an Actuary who will provide GASB 45 reporting services that the Commission may utilize. There is money in the health budget to administer this service. Some data gathering is needed by the member and the reports usually take 4-6 weeks to produce. Should you need a report, please contact Emily at PERMA (emilyk@permainc.com). BENEFITS MANAGER REPORT MEDICARE ADVANTAGE AND PRESCRIPTION EMPLOYER GROUP WAIVER PLAN (EGWP) ALTERNATIVES The fully insured market offers medical (Medicare Advantage) and prescription (EGWP) products that will allow the Commission to offer equal to or better plans to retirees at a reduced cost. These plans are successfully used for the Bridge Commission 13

15 and can also be offered for County retirees. If implemented, annualized savings are about $441,000. The Benefit Program Manager s office is working with the County to determine the feasibility of this offering in light of contractual obligations. If we proceed, an RFP will be issued and a recommendation will be made to the Commission. 14

16 BURIHNGTON FOUNTY HNSURANFE FOMMHSSHON-HHF FHNANFHAI FAST TRAFK REPORT AS OF February 28, 2016 THIS YTD PRIOR FUbD aobth CHAbGE YEAR EbD BALAbCE 1. UbDERWRITIbG IbCOaE 3,481,340 6,940,785 19,744,947 26,685, CLAIa EXPEbSES Paid Claims 2,526,031 6,066,364 12,349,324 18,415,688 IBbR 34,329-5,183,145 5,183,145 Less Specific Excess - - (50,636) (50,636) Less Aggregate Excess TOTAL CLAIaS 2,560,361 6,066,364 17,481,833 23,548, EXPEbSES aa & HaO Premiums 88,050 88, ,050 Excess Premiums 112, , , ,783 Administrative 202, ,346 1,223,988 1,629,334 TOTAL EXPEbSES 402, ,651 1,928,516 2,663, UbDERWRITIbG PROFIT (1-2-3) 518, , , , IbVESTaEbT IbCOaE 900 1,273 4,319 5, DIVIDEbD IbCOaE STATUTORY PROFIT (4+5+6) 519, , , , DIVIDEbD Transferred Surplus STATUTORY SURPLUS (7-8) 519, , , ,960 SURPLUS (DEFICITS) BY FUbD YEAR 2015 Surplus 374,321 1, , ,112 Cash (1,534,066) 1,370, ,754 1,635, Surplus 145, , ,848 Cash 4,419,513 3,324,064 3,324,064 TOTAL SURPLUS (DEFICITS) 519, , , ,960 TOTAL CASH 2,885,447 4,694, ,754 4,959,287 CLAIa AbALYSIS BY FUbD YEAR TOTAL CLOSED YEAR CLAIaS FUbD YEAR 2015 Paid Claims 1,635,078 3,845,836 12,349,324 16,195,160 IBbR (2,008,577) (3,845,836) 5,183,145 1,337, Less Specific Excess 0 0 (50,636) (50,636) Less Aggregate Excess TOTAL FY 2015 CLAIaS (373,499) 0 17,481,833 17,481,833 FUbD YEAR 2016 Paid Claims 890,953 2,220,528 2,220,528 IBbR 2,042,906 3,845,836 3,845,836 Less Specific Excess Less Aggregate Excess TOTAL FY 2016 CLAIaS 2,933,859 6,066,364 6,066,364 COaBIbED TOTAL CLAIaS 2,560,361 6,066,364 17,481,833 23,548,198 This report is based upon information which has not been audited nor certified by an actuary and as such may not truly represent the condition of the fund. 15

17 BURLINGTON COUNTY INSURANCE COMMISSION BILLS LIST Resolution No APRIL 2016 WHEREAS, the Treasurer has certified that funding is available to pay the following bills: BE IT RESOLVED that the Burlington County Insurance Fund Commission, hereby authorizes the Commission Treasurer to issue warrants in payment of the following claims; and FURTHER, that this authorization shall be made a permanent part of the records of the Commission. FUND YEAR 2016 CheckNumber VendorName Comment InvoiceAmount PMA COMPANIES, INC. CLAIMS HANDLING FEE 04/2016 9, , PERMA RISK MANAGEMENT SERVICES EXECUTIVE DIRECTOR FEE 04/ , , CRAIG, ANNIN & BAXTER, LLP ATTORNEY FEE 03/2016 1, , THE ACTUARIAL ADVANTAGE ACTUARIAL SERVICES FEE 04/ COURIER TIMES INC. ADV: GENERAL LIAB & WC ATTORNEYS 2/15/ CONNER STRONG & BUCKELEW POSITION BOND , , EJA/CAPACITY INSUR AGENCY LLC RMC FEE 1OF3 INST BURLINGTON COUNTY BOSS 3, , TOTAL PAYMENTS FY , TOTAL PAYMENTS ALL FUND YEARS $ 30, Chairperson Attest: Dated: I hereby certify the availability of sufficient unencumbered funds in the proper accounts to fully pay the above claims. Treasurer 16

18 BURLINGTON COUNTY INSURANCE COMMISSION HEALTH INSURANCE FUND BILLS LIST Resolution No APRIL 2016 WHEREAS, the Treasurer has certified that funding is available to pay the following bills. BE IT RESOLVED that the Burlington County Insurance Commission Health Insurance Fund s hereby authorizes the Commission Treasurer to issue warrants in payment of the following claims; and FURTHER, that this authorization shall be made a permanent part of the records of the Commission. FUND YEAR 2016 CheckNumber VendorName Comment InvoiceAmount AETNA HEALTH MANAGEMENT LLC MEDICARE ADVANTAGE - 04/16: AE , , AMERIHEATH ADMINISTRATORS TPA FEE 04/ , , PERMA RISK MANAGEMENT SERVICES EXECUTIVE DIRECTOR FEE 04/ , , AJM INSURANCE STOP LOSS COMMISSION - 04/ , AJM INSURANCE PROGRAM MANAGER FEE 04/ , , INNOVATIVE RISK SOLUTIONS, INC STOP LOSS COMMISSION- 04/ , INNOVATIVE RISK SOLUTIONS, INC PROGRAM MANAGER FEE 04/ , , STANDARD SECURITY LIFE SPECIFIC REINSURANCE - 04/ , STANDARD SECURITY LIFE AGGREGATE RINSURANCE - 04/2016 8, , TOTAL PAYMENTS FY , TOTAL PAYMENTS ALL FUND YEARS $ 347, Chairperson Attest: Dated: I hereby certify the availability of sufficient unencumbered funds in the proper accounts to fully pay the above claims. Treasurer 17

19 BURLINGTO N CO UNTY INSURANCE CO MMISSIO N SUMMARY O F CASH TRANSACTIO NS - ALL FUND YEARS CO MBINED Current Fund Year: 2016 Month Ending: January Property Liability Auto Worker's Comp NJ C EL Admin TO TAL OPEN BALANCE 393, (401,142.52) 80, ,878, , , ,170, RECEIPTS Assessments Refunds Invest Pymnts , , Invest Adj Subtotal Invest , , Other * TOTAL , , EXPENSES Claims Transfers , , Expenses , , Other * TOTAL , , , END BALANCE 393, (401,826.81) 79, ,812, , , ,077,

20 SUMMARY O F CASH AND INVESTMENT INSTRUMENTS BURLINGTO N CO UNTY INSURANCE CO MMISSIO N ALL FUND YEARS CO MBINED CURRENT MO NTH January CURRENT FUND YEAR 2016 Description: ID Number: Maturity (Yrs) Purchase Yield: Ins Comm General A/C -Investors ASO Claims- WC & Liab Ins Comm General A/C TO TAL for Al l Accts & instruments Opening Cash & Investment Balance $4,170, ,157, , Opening Interest Accrual Balance $ Interest Accrued and/or Interest Cost $0.00 $0.00 $0.00 $ Interest Accrued - discounted Instr.s $0.00 $0.00 $0.00 $ (Amortization and/or Interest Cost) $0.00 $0.00 $0.00 $ Accretion $0.00 $0.00 $0.00 $ Interest Paid - Cash Instr.s $1, $1, $0.00 $ Interest Paid - Term Instr.s $0.00 $0.00 $0.00 $ Realized Gain (Loss) $0.00 $0.00 $0.00 $ Net Investment Income $1, $1, $0.00 $ Deposits - Purchases $67, $50.00 $67, $ (Withdrawals - Sales) -$161, $94, $67, $0.00 Ending Cash & Investment Balance $4,077, $4,065, $12, $0.00 Ending Interest Accrual Balance $0.00 $0.00 $0.00 $0.00 Plus Outstanding Checks $50, $40, $9, $0.00 (Less Deposits in T ransit) -$40, $0.00 -$40, $0.00 Balance per Bank $4,086, $4,105, $18, $

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23 BURLINGTON COUNTY INSURANCE COMMISSION SAFETY DIRECTOR S REPORT TO: FROM: Fund Commissioners J.A. Montgomery Risk Control, Safety Director DATE: March 24, 2016 March - April 2016 RISK CONTROL ACTIVITIES MEETINGS ATTENDED / LOSS CONTROL VISITS CONDUCTED March 3: Attended the BCIC meeting in Mount Holly. UPCOMING MEETINGS / LOSS CONTROL VISITS PLANNED April 7: Plan to attend the BCIC meeting in Mount Holly. April 19: Plan to attend the BCIC Claims Committee meeting in Mount Holly SAFETY DIRECTOR S BULLETINS & SAFETY ANNOUNCEMENTS Fire Extinguisher Essentials March 24 CEL MEDIA LIBRARY USAGE: No videos were utilized in 2015 and

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26 RESOLUTION NO BURLINGTON COUNTY INSURANCE COMMISSION RESOLUTION FOR CLOSED SESSION WHEREAS, Section 8 of the Open Public Meetings Act, Chapter 231, P.L permits the exclusion of the public from a meeting in certain circumstances; and WHEREAS, this public body is of the opinion that such circumstances presently exist; now, therefore, BE IT RESOLVED by the Burlington County Insurance Commission, County of Burlington, State of New Jersey, as follows: 1. The public shall be excluded from discussion of the hereinafter-specified subject matter. 2. The general nature of the subject matter to be discussed: CONTRACTS: Defense Panel LITIGATION: 5637 PERSONNEL: 3. It is anticipated at this time that the above subject matter will be made public when the members of the Burlington County Insurance Commission have made final determination. 4. This resolution shall take effect immediately. ADOPTED by THE BURLINGTON COUNTY INSURANCE COMMISSION at a properly noticed meeting held on April 7, ADOPTED: BY: KENDALL J. COLLINS, CHAIRMAN ATTEST: 25

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28 BURLINGTON COUNTY INSURANCE COMMISSION OPEN MINUTES MEETING March 3, 2016 County Administration Building 49 Rancocas Road Mt Holly, NJ :00 PM Meeting was called to order by the Chairman Collins. Ms. Dodd read the Open Public Meetings notice into record. ROLL CALL OF COMMISSIONERS: Kendall J. Collins Eve A. Cullinan Damon Burke FUND PROFESSIONALS PRESENT: Executive Director Claims Services Present Present Present PERMA Risk Management Services Joseph Hrubash PMA Management Corp. Christina Grabowski Conner Strong & Buckelew Michelle Leighton Charity Richart Attorney Treasurer Safety Director Employee Benefits CraigAnninBaxter Law Robert Baxter, Esq. Edward Troy J.A. Montgomery Risk Control Glenn Prince PERMA Risk Management Services Paul Laracy AJM Insurance Management Greg D Orazio Risk Management Consultant (BOSS) EJA/Capacity Insurance Agency March 3, Burlington County Insurance Commission OPEN Minutes

29 ALSO PRESENT: Tami Granata, Burlington County Marlyn Pinckney, Burlington County Rachel Chwastek, PERMA Risk Management Services Emily Koval, PERMA Risk Management Services Cathy Dodd, PERMA Risk Management Services APPROVAL OF MINUTES: OPEN & CLOSED MINUTES OF FEBRUARY 4, 2016 MOTION TO OPEN & CLOSED MINUTES OF FEBRUARY 4, 2016 Moved: Second: Vote: Chairman Collins Commissioner Cullinan 3 Ayes, 0 Nayes CORRESPONDENCE: Executive Director reported there was no correspondence and wanted to take this time to introduce Rachel Chwastek, of his Marlton office. Executive Director advised Ms. Chwastek worked on the southern Commissions and would fill in for Ms. Dodd at the April BCIC meeting. COMMITTEE REPORTS: SAFETY COMMITTEE: Mr. Prince reported the Safety Committee last met on January 14 th and provided a Tool Box Talk presentation to try to inform the supervisors and managers the most effective way to spread the safety message in a quick period of time. Mr. Prince advised they also discussed mandatory and regulatory training. Mr. Prince noted the next Safety Committee was scheduled for April 14 th. CLAIMS COMMITTEE: Ms. Leighton advised the Claims Committee met on February 16 th and reviewed and discussed the PARS that would be presented during closed session. EXECUTIVE DIRECTOR REPORT: Executive Director advised he had one action item for his report and would begin with the certificate of insurance report. CERTIFICATE OF INSURANCE ISSUANCE REPORT: Executive Director reported on the Certificate of Insurance Report for the period of 2/1/16 to 2/28/16. There were 4 certificate of insurances issued during this period. In response to Chairman Collin s inquiry Commissioner Burke advised he reviewed the report and found it to be in order. MOTION TO APPROVE THE CERTIFICATE OF INSURANCE REPORT Moved: Second: Vote: Chairman Collins Commissioner Cullinan 3 Ayes, 0 Nayes March 3, Burlington County Insurance Commission OPEN Minutes

30 NJ EXCESS COUNTIES INSURANCE FUND (CELJIF): Executive Director advised the CEL held their Re-Organization Meeting on February 25, Executive Director advised the Fund Commissioners adopted the respective organization resolutions. PERMA was re-appointed as Executive Director, J.A. Montgomery as the Safety Director and Conner Strong & Buckelew as the Underwriting Manager. Executive Director noted a summary report of the meeting would appear in the next agenda. In response to Executive Director s inquiry, Chairman Collins indicated the meeting went smoothly and the Executive Director accurately summarized the meeting. POL/EPL COVERAGE: Executive Director reported the CEL Underwriting Manager advised the insurance company was still in the process of reviewing the loss runs to provide a commercial quote for the buy down of the County s $500,000 SIR. Executive Director noted he hoped to have the formal quote shortly. Executive Director explained a summary would be provided of the pricing options to fund a lower retention within the Insurance Commission retention and the commercial insurance quote. BCIC PROPERTY & CASUALTY FINANCIAL FAST TRACKS: Executive Director reported the December Financial Fast Track was included in the agenda. The Commission had a surplus of $1,103,569 as of December 31, Executive Director referred to line 9 of the report, Investment in Joint Venture and indicated $448,532 was Burlington County Insurance Commission s share of the equity in the CEL. Executive Director noted the total cash amount was $4,170,130. NJ CEL PROPERTY & CASUALTY FINANCIAL FAST TRACKS: Executive Director reported the December Financial Fast Track for the NJ CEL was included in the agenda. As of December 31, 2015 the CEL had a surplus of $5,906,279. Executive Director noted the total cash amount was $17,194,034. CLAIMS TRACKING REPORTS: Executive Director reported the agenda included two claim monitoring reports as of January 31, Executive Director advised the Claims Activity Report was designed to look for any inconsistencies in the amount of claims set up or changes in reserves on a monthly basis by line of coverage. Executive Director noted he reviewed the report and there were 14 worker compensation claims closed for the 2015 Fund Year and 12 were opened in the month of January Executive Director referred to the Claims Management Report Expected Loss Ratio Analysis which was included in the agenda. Executive Director advised the 2015 Fund year was running slightly higher as the actuary projected the losses to be 69% of the budget and the actual amount was 73%. However, Executive Director was not concerned about the figures. Executive Director reviewed the other Fund years and noted the 2013 Fund Year was also running higher. The actuary projected the losses to be 97% of the budget while the actual amount was 107%. Executive Director advised he participated in a conference call with Ms. Leighton and PMA to review the 2013 claims and noted there were 2 psyche claims that had an impact on the figures. Executive Director asked if anyone had any questions regarding the reports ASSESSMENT BILLS: Executive Director advised the 2016 Property & Casualty Assessment Bills were mailed to the member entities via certified mail and . Executive Director indicated the first installment was due on March 15, 2016, second installment on May 15 th and the last installment was due on October 15 th. March 3, Burlington County Insurance Commission OPEN Minutes

31 RFQ FOR DEFENSE LAW FIRMS: Executive Director reported the Commission Attorney issued an RFQ for legal services for defense of BCIC claims. Executive Director indicated the Fund Office advertised the RFQ and the responses were due today at 11:00. Chairman Collins advised a further discussion would take place in closed session. ALTERNATE COMMISSIONER: Executive Director advised the County was still discussing the alternate Commissioner option. LEGACY CLAIMS: Executive Director noted the implementation of funding of the legacy claims through the BCIC was still on hold pending an update on certain claims. Executive Director asked if anyone had any questions and concluded his report. Executive Director asked Mr. Laracy to review the Health Benefit Report which was included in the agenda. Executive Director's Report Made Part of Minutes HEALTH BENEFITS REPORT: Financials: Mr. Laracy reported the HIF Financial Fast Track report as of January 31, 2016 was included in the agenda. Mr. Laracy advised the program s surplus year to date was almost $1.7 million, although there was a loss of $378,475 in January. Mr. Laracy it was recently discovered that the majority of this loss was due to a large claim which was being reviewed by Amerihealth. Risk Management Plan: Mr. Laracy recommended a change to the Risk Management Plan which was revised and included in the agenda. The revision included a recalculation of the aggregate retention to $47,136,563, or 133% of the budgeted claims. In addition, Mr. Laracy said the Risk Management Plan included a change in the County s run out claims which was presented and approved in the budget process. In response to Chairman Collins, Mr. Burke said he was fine with this change as it had been presented previously. MOTION TO APPROVE RESOLUTION APPROVING THE REVISED HEALTH PROGRAM RISK MANAGEMENT PLAN, AS PRESENTED Moved: Second: Vote: Chairman Collins Commissioner Cullinan 3 Ayes, 0 Nayes New Business: In response to Mr. Troy, Mr. Laracy said the language in the Risk Management Plan regarding grandchildren was intended not to cover grandchildren of a participant after 48 hours after birth. He said this was standard in most coverage policies, but can be further discussed. Chairman Collins suggested not to further discuss this issue at this time. TREASURER REPORT: Mr. Troy advised he reviewed the Bill Lists and recommended their approval. March 3, Burlington County Insurance Commission OPEN Minutes

32 MOTION TO APPROVE RESOLUTION 20-16, MARCH BILL LIST AND MARCH HEALTH BILL LIST Moved: Second: Vote: Chairman Collins Commissioner Cullinan 3 Ayes, 0 Nayes Executive Director advised the Treasurer s monthly reports were included in the agenda. ATTORNEY: Mr. Baxter advised he would discuss the RFQ s in closed session. CLAIMS SERVICE. Ms. Grabowski referred to the WC Claims by Quarter Report for the month of January and advised there were 18 new claims. Ms. Grabowski noted that January was usually a higher month for claims and suspected the claim counts would come down over the next few months. Ms. Grabowski also reviewed the claim totals for the Board of Social Services and the Bridge Commission. Ms. Grabowski reviewed the Medical Cost Containment Savings Report for the 2015 Fund Year. Ms. Grabowski advised the total invoiced was $1,005,828 and the total net saved was $475,648. Ms. Grabowski indicated the network penetration was 98% which was exceptional. Ms. Grabowski also reviewed the Medical Cost Containment Savings report for the first quarter for the period of 1/1/16 to 2/1/16. The total invoiced was $60,258 and the total net savings were $24,313. The network penetration was 99%. Ms. Grabowski advised that concluded her report unless anyone had any questions. CEL SAFETY DIRECTOR: Mr. Prince advised his report was included in the agenda and reviewed the Risk Control Activities for February March Mr. Prince reported on April 16th the Burlington County Police Chief s Association was sponsoring a Police Supervisor Training program at the Public Safety Facility. Mr. Prince was waiting to see if there were any vacancies and if so he would send out an electronic message and hoped the Prosecutor and Sheriff s departments could send some supervisors. Mr. Prince advised that concluded his report unless anyone had any questions. Chairman Collins requested that Mr. Prince copy him on his . OLD BUSINESS: None NEW BUSINESS: Mr. Troy s inquiry regarding the language in the Health Risk Management Plan was addressed in the Health Benefit section of the minutes. PUBLIC COMMENT: MOTION TO OPEN MEETING TO THE PUBLIC Moved: Second: Vote: Chairman Collins Commissioner Cullinan 3 Ayes, 0 Nayes Seeing no members of the public wishing to speak, Chairman Collins asked for a motion to close the public comment portion of the meeting. March 3, Burlington County Insurance Commission OPEN Minutes

33 MOTION TO CLOSE MEETING TO THE PUBLIC Moved: Second: Vote: Chairman Collins Commissioner Cullinan 3 Ayes, 0 Nayes CLOSED SESSION: Chairman Collins read Resolution 22-16, Resolution for Closed Session, and requested a Motion for Executive Session (in accordance with the Open Public Meetings Act, N.J.S.A. 10:4-12) to discuss payment authority requests. MOTION TO APPROVE RESOLUTION FOR CLOSED SESSION Motion: Second: Vote: Chairman Collins Commissioner Cullinan 3 Ayes, 0 Nayes MOTION TO ADJOURN: Moved: Second: Vote: Chairman Collins Commissioner Cullinan 3 Ayes, 0 Nayes Chairman Collins advised the next Commission meeting was scheduled for April 7, 2016 at 2:00 PM MEETING ADJOURNED: 2:37 PM Minutes prepared by: Cathy Dodd, Assisting Secretary and Emily Koval for Health Benefits. March 3, Burlington County Insurance Commission OPEN Minutes

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