Relative to pooled risk management programs.

This bill updates the laws for pooled risk management programs, which are used by cities, towns, and other local government units to manage their insurance and risks. It gives the secretary of state power to address programs with not enough money, including requiring them to get more funds or taking over the program. The bill also sets new rules for how these programs must be managed, how they assess their members for costs, and how much money they must keep in reserve.

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