The Council shall levy a tax to provide for a Blanket Life and Accident Insurance Policy covering the members of all volunteer fire departments and rescues squads in the County. This policy shall provide for death benefits, disability benefits, medical expenses benefits, family assistance, and optional auxiliary and/or community volunteer coverage. Pursuant to the County's Blanket Life and Accident Insurance Policy, there shall be a minimum death benefit of Fifty Thousand Dollars ($50,000) payable upon the death of any member of a County volunteer fire department or rescue squad whose death results from a covered activity or illness in the Blanket Life and Accident Insurance Policy. The Fire Department shall notify all active members of the volunteer fire departments and rescue squads of the benefits available under the County's Blanket Life and Accident Insurance Policy. Upon joining a volunteer fire department or rescue squad, a new member shall be oriented to the benefits available under this insurance policy. The Council shall adopt such rules and regulations as they deem necessary to administer the provisions of this Section. The Council may reduce any sums payable under this Section in an amount equal to the amount received by a beneficiary under the provisions of Article 101, Annotated Code of Maryland, entitled Workmen's Compensation.