§ 39A-7. Submission, evaluation and payment of claims.

A. 

All claims made against the Borough of Paulsboro, for which payment shall be sought out of the insurance fund created hereunder, shall be submitted to the Borough's Risk Manager. The Risk Manager shall evaluate all claims submitted, and if, in his discretion, he determines that such claim is valid and should be paid, he shall:

(1) 

Authorize, for all claims of $500 or less, payment from the fund of such claim; or

(2) 

Recommend, for all claims over $500, payment, in which event the Insurance Fund Commissioners shall then meet to evaluate the Risk Manager's recommendation and, if concurring, authorize payment of such claims.

B. 

All claims which the Risk Manager recommends for disapproval, compromise or some other form of disposition shall be forwarded to the Insurance Fund Commissioners with the Risk Manager's evaluation for the Commissioner's review and disposition.

C. 

Neither the Risk Manager or the Insurance Fund Commissioners shall approve any claim, the payment of which would create an insolvency in the fund. Likewise, any authorized payment to be made in installments covering a period of more than one fiscal year shall be first approved in writing upon enactment of a concurring resolution by the Mayor and Borough Council. If it appears to the Risk Manager and/or Insurance Fund Commissioners that during any given fiscal year there is likely to exist an excess of claims over proceeds available in the fund, the Risk Manager and/or Insurance Fund Commissioners shall immediately so certify in writing to the Mayor and Borough Council.

D. 

Claims for payment approved by the Risk Manager and/or Insurance Fund Commissioners shall be submitted on the voucher form prescribed by the Borough and will for all claims of $500 or less require the signature of the Risk Manager, and for all claims over $500 require the signature of two of the Insurance Commissioners.

E. 

Payments to be made on all vouchers will be by check signed by the appropriate counter signatories of the Borough as is required for the payment of all other duly approved bills and vouchers.

F. 

When required, the Insurance Fund Commissioner may consult with the Borough Solicitor and Borough Auditor.