1. Appointment of Risk Management Consultant. The Risk Management Consultant shall be appointed by the Borough Council (hereinafter “Council”) by a majority vote of a quorum of its members and shall serve for a term of three (3) years from the first day of January. The Risk Management Consultant shall be a New Jersey licensed property/casualty insurance agent or broker with demonstrated prior experience in the management of public insurance risks. The Risk Management Consultant shall be an “Insurance Producer”, pursuant to N.J.S.A. 17:22-A, but shall not be a Fund Commissioner. 2. Duties. The Risk Management Consultant (hereinafter the “Consultant”) shall: A. Assist the Borough in identifying its insurable property and casualty exposures and recommend professional methods to reduce, assume or transfer the risk loss. B. Assist the Borough in understanding and selecting the various coverages available from the Morris County Joint Insurance Fund and the Municipal Excess Liability Joint Insurance Fund. C. Review with the Borough any additional coverages that the Consultant feels should be carried but are not available from the Fund and subject to the Borough’s authorization place such coverages outside the Fund.
