Insurance contracts shall be purchased after consideration of informal proposals from
at least three (3) prospective insurers; provided, that prospective insurers are given
an opportunity to submit their qualifications and estimates of cost to render the
desired service. A Board of Review composed of the risk manager, the Director of Finance,
Corporation Counsel and the Mayor, or their respective designees, shall, by majority
vote, make all decisions regarding the proposals. In the event that the City seeks
to purchase insurance contracts insuring the interests of the Danbury Board of Education,
the Board of Review for such purposes shall include the Superintendent of Schools,
or his designee. Such Board of Review may waive the requirement of obtaining at least
three (3) informal proposals where necessary due to unavailability or impracticability.
Nothing herein shall be construed to prevent the Danbury Board of Education from acquiring
insurance without regard to the provisions of this section if deemed by the board
to be in the best interests of the Danbury School District.
(Code 1961, § 2-150; Ord. No. 425, 9-4-1991)
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