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