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ti <br />F. The director of finance shall be responsible <br />for the management and investment of the claims reserve <br />fund. <br />G. The setting aside of reserves for self - <br />insurance purposes in the claims reserve fund created <br />in this Section shall not be construed to create an <br />insurance company nor shall the claims reserve fund <br />otherwise be subject to the provisions of-the laws of <br />the state of Colorado regarding insurance or insurance <br />companies. The requirements of Section 10 -4 -716 C.R.S. <br />concerning self - insurance under the Colorado Auto <br />Accident Reparations Act are not applicable to this <br />Chapter 4.18, <br />H. Disbursements made from the claims reserve <br />fund for eligible- expenditures shall be initiated by <br />the preparation of a warrant requisition to the <br />director of finance from the risk manager in accordance <br />with the authority set forth in 4.18.040 and 4.18.070 <br />of this Chapter. All requests or disbursements from <br />the claims reserve fund sha ,Aef, iven the highest <br />priority by the director naece w'th respect to the <br />processing and re ara ,._ wa ?xn connection <br />P g P P `t, . <br />with the compromise or 't "meztc C4 ems or the <br />payments of judgments. <br />I. Beginning on or ne 1, 1988, and on <br />or before June 1 of eac-r` hereafter, the risk <br />manager, in consultation.�wl the director of finance, <br />shall report to the City; C"'ouncil regarding* the opera- <br />tion and management of the claims reserve fund. <br />Examination shall be made to ensure proper underwriting <br />techniques and accounting practices. The report shall <br />show, but not be limited to, the name of all lending <br />institutions, funds or other depositories where risk <br />management funds have been deposited, the sums of money <br />on deposit therein, the interest paid or credited <br />thereon, the rate of interest so credited, the amounts <br />of all settlements, recommended reserve fund levels, <br />and a review of the procedures utilized in the claims <br />and risk management system. <br />4.18.040 Compromise or settlement of claims. A. <br />It shall-be the responsibility of the risk manager, in <br />consultation with the city attorney, to investigate all <br />claims filed against the City or its employees pursuant <br />to the requirements of the Governmental Immunity Act or <br />arising under Federal law in accordance with this <br />Chapter 4.18. Prior to settling any claim as provided <br />in subsection B1 or B2 of this Section, the risk <br />manager may consult with the head of the affected <br />department to determine the appropriateness of the <br />-4- <br />/1D <br />