Resolution 9620 - Laserfiche WebLink

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11.2 Formal Dispute Resolution. If a dispute cannot be resolved through informal efforts, the Board may refer the dispute to formal mediation facilitated by a mediator mutually acceptable to the parties to the dispute. In the event the dispute cannot be resolved through mediation, the parties to the dispute may pursue other reasonable procedures for resolution, including formal litigation. ARTICLE XII. DURATION AND DISSOLUTION 12.1 Duration. Pursuant to Minnesota Statutes, § 471.59, subdivision 4, but subject to the provisions herein regarding Member withdrawal, this Agreement shall be ongoing. 12.2 Merger. To the extent not prohibited by applicable law, the Board of Trustees may apply to merge with any other plan or pool established under Minnesota law. The Board of Trustees shall solicit the advice and counsel of the Labor Management Committee in considering any such merger. 12.3 Endin Self -Insurance Authority. 12.3.1 Voluntary Termination of Authority to Self -Insure. The Board of Trustees may elect to end the Pool's self-insurance authority and cease to provide Coverage, provided such decision is made at least 45 days before the end of the current Fund Year. The Board shall provide notice of its decision to the Commissioner within fourteen (14) days. 12.3.2 Revocation of Authoritv to Self -Insure. The Commissioner shall, by order, revoke the Pool's authority to self -insure upon no less than ten (10) days' written notice if any of the following events occur, and the Commissioner judges the event(s) to be material: (a) Failure of the Pool to comply with applicable Minnesota statutes or rules; (b) Failure of the Pool to comply with any lawful order of the Commissioner; (c) Commission by the Pool of an unfair or deceptive practice as defined in Minnesota Statutes, §§ 72A.17 to 72A.32, or in related rules; (d) Deterioration of the Pool's financial integrity to the extent that its ability to meet obligations promptly and in full is or will be significantly impaired. 12.3.3 Runoff Period. The Pool shall continue to exist as a Runoff Pool after its authority to self - insure has ended for purposes of paying claims, preparing reports, and administering transactions associated with the period in which the Pool provided Coverage. The Runoff Pool shall continue to comply with applicable Minnesota statutes and rules. No Members shall be permitted to join, leave, or be expelled from the Pool during the runoff period. 12.4 Dissolution. 12.4.1 Authorization to Dissolve. The Board of Directors shall not dissolve the Pool or Runoff Pool without requesting authorization from the Commissioner. The Commissioner shall grant the request within 60 days of receipt if either of the following conditions are met: (a) The Pool demonstrates that it has no outstanding liabilities, including incurred but not reported liabilities; or Page 19 of 24