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2.10 Employee Health Benefits Pool. "Employee Health Benefits Pool" means a self-insurance pool that covers employee health benefits, disability benefits, or both. 2.11 Financial Administrator. "Financial Administrator" means an entity engaged by the Board of Trustees to invest the Pool's assets and provide other financial or accounting services. 2.12 Former Employee. "Former Employee" means an individual previously employed by a Participating Member who is eligible for continuing participation in the Plan. 2.13 Membership Agreement. "Membership Agreement" or "Agreement" means this combined Agreement and Bylaws, and any amendments hereto, which prescribe the purpose, government, and administration of the Pool. References to "Bylaws" include this Membership Agreement. 2.14 Participating Member. "Participating Member" or "Member" means any Minnesota Political Subdivision that satisfies the Pool's membership requirements and has been approved by the Board of Trustees for participation in the Pool. The Pool's membership is limited to qualified Political Subdivisions. For the avoidance of doubt, the Pool shall not operate as a public/private pool, and shall not offer membership to any private entity. 2.15 Plan. "Plan" means any Plan maintained by the Board of Trustees and authorized by Minnesota law to provide employee health benefits to eligible Employees, Former Employees, and Dependents of Participating Members. 2.16 Policy Year. "Policy Year" means a 12-month period of employee health benefits coverage under a Plan offered by the Pool to a Participating Member. 2.17 Political Subdivision. "Political Subdivision" means a statutory or home rule charter city, county, school district, or instrumentality thereof, and includes any service cooperative that establishes or operates a self -insured employee health benefits pool. 2.18 Pool. "Pool" refers to Better Health Collective and means a self-insurance fund or agreement for the reciprocal assumption of risk established by or amongst two or more Political Subdivisions for coverage of their respective risks. 2.19 Premium "Premium" means the amount paid or to be paid by Participating Members for Coverage. "Premium" does not include assessments or penalties. 2.20 Reserve. "Reserve" mean amounts established as pool liabilities for all incurred losses, both reported and unreported, and for unearned Premiums, which are maintained pursuant standards established by the Board of Trustees in compliance with applicable Minnesota statutes and rules. 2.21 Runoff Pool. "Runoff Pool" means a pool that no longer has authority to self -insure, but that continues to exist for the purpose of paying claims, preparing reports, and administering transactions associated with the period in which the Pool provided Coverage. 2.22 Self -insure. "Self -insure" means to assume primary liability or responsibility for certain risks or benefits rather than transferring liability or responsibility to some other entity. Page 3 of 24