Discussion and possible action to authorize the County Treasurer to open a new depository account (bank account) with Commerce Bank to centralize the disbursements of the worker's compensation claims through our new third party provider Tristar Insurance Group.
Issue: As per Risk Management a new third party administrators has been selected to handle all worker's compensation claims.
Solution: Due to a new Worker's Comp - Third Party Provider, a new bank account must be designated in order to process the new claims by our new administrators.
Result: This account will replace our current account with Commerce Bank for Webb County/Alternative Service Concepts.