Board meetings agendas and policies.
Governance
SIG Members have a voice. We listen and seek our member's opinions in matters related to program options, benefit packages, and claim settlements.
Our Governance Structure
The governance of SIG is overseen by a Board of Directors, which sets strategic direction and ensures ethical compliance, while executives and committees handle daily operations including risk management and financial integrity. This structure safeguards policyholders and the company's financial wellbeing, with regulatory authorities providing external oversight.
Administrative Subcommittee
The Administration Subcommittee should review matters relating to SRIMG contracts, third party administrators’ performance, commercial insurance policies and staffing, personnel and salary issues.
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Executive Committee
The Executive Committee (EC) shall be responsible for the ongoing operations of the group and is hereby empowered to implement and enforce the Bylaws and such other rules, regulations, and procedures as the Joint Powers Board (JPB) shall adopt. As appropriate, the Executive Committee shall propose such amendments to these Bylaws to the JPB. The EC shall have the powers and authority that are delegated to it by the JPB.
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Risk Management Subcommittee
The Risk Management Subcommittee should review matters related to the Safety Program and general loss control.
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Finance Subcommittee
The Finance Subcommittee should review matters relating to claims audits, financial audits, and actuarial studies (scope, selection of vendors, scheduling and recommendations, responses, etc.) and review the quarterly financial information.
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Joint Powers Board
SIG’s Joint Powers Board is comprised of on representative from each of our member districts. The Joint Powers Board meets at least twice a year and is responsible for the following actions: approving a new member, expelling a member, creating or dissolving a program, amendments to the bylaws, adopting the annual budget of the group, adopting investment policies, electing members of the Executive Committee, electing officers of the group, approving signature authority, and declaring assessments or dividends.
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Employee Benefits Education Team (EBET)
The purpose of the Employee Benefits Education Team (EBET) is to encourage continuous and varied participation from Schools Risk and Insurance Management Group members, including learning more about benefit plans, compliance, and to seek feedback directly from all employees our members serve. The EBET actively encourages discussion and feedback from EBET members. Feedback is welcome from all members through emails or communication to EBET members, SIG staff, or to any JPB or Executive Committee member directly. The EBET members shall participate in learning about current program plans, compliance, carrier supports for employees, open enrollment processes and feedback on potential changes of any insurance policies relating to health and welfare. Projects may include development of medical, dental and vision plans; revisions to existing plans, and preparation of communications to SRIMG members.
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