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2000 – LARM entered into an administrative services agreement with the League agreeing to
furnish, provide or contract for the necessary administrative and management services required
by the Pool. There are 36 members.

2005 – The agreement was amended – LARM staff was hired so that administration tasks were
now in house. The League continues to handle payroll and benefits and is paid a fee of 2% of
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LARM’s gross revenues. LARM rents office space from the League in the 2 floor of the
League building.

2013 – LARM separated its payroll, healthcare and pension from the League although the
League is still paid the 2% fee. The League no longer has authority over LARM bank accounts
or expenditures. LARM was issued its own federal tax ID number. LARM still rents office space
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from the League on the 2 floor of the League building.
2015 - At the recommendation of financial auditors and benefits administrator, LARM entered
into an agreement with York Risk Pooling Services for accounting, financial services, actuarial
services, underwriting, claims handling, and reinsurance. There are 130 LARM members.

August 2017 – The Nebraska Department of Insurance directed, in its audit of LARM, that the
agreement with the League reflect the change of relationship made in 2013 between LARM and
the League. LARM staff request the removal of mold in the floor above the second floor that is
rented to them by the League.

September 2017 – The LARM board voted to register LARM with the Nebraska Secretary of
State as a distinct non-profit organization and to establish a new agreement with the League of
Municipalities concerning fees. There are 166 LARM members.