Method utilizing private bifurcated counter-balancing risk pools to reduce a public sanitation authority's financial and legal liability caused by defective, privately-owned sewer lateral service lines

摘要

A public/private sector cooperative method, and interrelated steps, utilizing a private third-party indemnification pool structure, coupled with a bifurcated, counterbalancing environmental risk pool, to create a community-wide, public inspection program, and a privately-funded maintenance, repair, rehabilitation methodology for inflow/infiltration defective, privately-owned sewer lateral lines, revealed through sewer emergencies or discovered during public inspections. The methodology and steps designed to reduce the financial, legal, public safety, health and environmental risks defective privately-owned sewer lateral service lines create and impose upon public sewer authorities, who have no, or limited, financial or legal jurisdiction over private sewer lines. The pools share counter-balancing risks under defined circumstances and are interchangeable with a variety of funding mechanisms, including but not limited to insurance, reinsurance, reserves, bifurcated premiums, bifurcated fees, corporate guarantees, grants, gifts, contractual liability policies, loss reserves, retrospective profit sharing, experience rated dividends, risk retention, or other similar funding and insuring vehicles.