California SB1170 allows nonprofit housing developers to enter joint powers agreements with public agencies for risk pooling.

California SB1170 amends the Government Code to allow nonprofit housing developers to enter into joint powers agreements with public agencies for risk pooling. This includes pooling self-insured claims or losses, which is not considered insurance and is exempt from certain regulations. The bill also allows for the coinsurance of entities under a master policy, with premiums prorated among participating entities. The joint powers agreements can involve local public entities, mutual water companies, water corporations, and public agencies.

California SB1170 allows nonprofit housing developers to enter joint powers agreements with public agencies for risk pooling.

California SB1170 amends the Government Code to allow nonprofit housing developers to enter into joint powers agreements with public agencies for risk pooling. This includes pooling self-insured claims or losses, which is not considered insurance and is exempt from certain regulations. The bill also allows for the coinsurance of entities under a master policy, with premiums prorated among participating entities. The joint powers agreements can involve local public entities, mutual water companies, water corporations, and public agencies.