Consortium spells out liability priorities and insurance requirements for WIOA administration
The agreement sets a hierarchy for recovering disallowed costs, requires evidence of insurance from the Workforce Development Board and subcontractors, and requires majority approval for settlements exceeding coverage.
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The consortium agreement establishes a four-tier priority for covering liability from disallowed costs: first, recovery from the contractor, agent or third party that caused the liability; second, recovery from insurance or bond insurers; third, repayment by the fiscal agent to the extent permitted by law; and fourth, shared apportionment by LEOs relative to population proportions.
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