Establishment of common and unified plan of group insurance

Sec. 5. Two (2) or more local public employers may establish a common and unified plan of group insurance for their employees, including retired local employees. The plan shall be effected through a trust, agency, or any other legal arrangement with careful accounting and fiscal responsibility. [Pre-Local Government Recodification Citations: 4-15-5-5 part; 19-10-4-5.] As added by Acts 1980, P.L.8, SEC.41. Amended by P.L.24-1985, SEC.12.