CARMA meaning in Governmental ?

Answer:

What is California Affiliated Risk Management Authority mean?

California Affiliated Risk Management Authority (CARMA) is a California public agency dedicated to innovative approaches in providing financial protection for its public entity members against catastrophic loss.

CARMA is an excess general liability pool consisting of five (5) member Joint Powers Authorities (JPA), with over 135 underlying members. CARMA provides excess liability coverage up to $29,000,000 per occurrence in the event of a catastrophic loss.

reference

Full Form	Category
Cultural Archaeological Resourse Mapping and Assessment	Academic & Science
Cultural Architectural Resource Management Archive	Academic & Science
Collaborative on Aging Research and Multicultural Assessment	Academic & Science
Continuity And Recovery Management Associates	Business
County Archivists and Records Managers Association	Community
Chicago Area Radio Monitoring Association	Community
Campus Automated Rich Media Archiving	Community
Companion Animal Rescue and Medical Assistance	General
Carlo Facetti and Martino Finotto	General
Connected Automated Research and Mobility Applications	General
Car Management	General
Corporate Alliance Relationship Mastery Award	General
Consortium For The Advancement of Research Methods	General
CO2 Advanced Reforming of Methane Adiabatically	General
Continuous Affect Rating and Media Annotation	General
Creating Adult Rheumatology Mentorship in Academia	General
California Affiliated Risk Management Authority	Governmental