Intergovernmental Pools


Definition of "Intergovernmental pools"

Shirley Walker
Shirley Walker Homeseekers of Idaho

Tool of risk management used for risk financing by local governments. The technique is for many local governments to combine resources in order to self insure a particular line of business, such as general liability, automobile, and workers compensation. Above the retention level, there is the collective purchase of reinsurance for the required excess coverage.

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