C70. INSURANCE

 

C70.1 OBJECTIVES

 The Insurance Committee is charged with soliciting bids from agencies who can provide accidental medical and liability coverage for members and  participants  of  FYSA.  They  must  determine FYSA's insurance  needs and recommend agent and policy to BOD.

 

C70.2 STRUCTURE

 

  1. Shall serve for one (1) year until close of business at AGM.
  2. Shall be comprised of not less than four (4) members.

 

C70.3 DUTIES AND RESPONSIBILITIES

 

1. Shall  establish  a  bid  procedure,  coordinate  the  receiving and  dissemination
of  a   minimum  of  two  (2) bids annually and  after  thorough   investigation  
of   those  bids,   make  a  recommendation to the BOD.

2. Shall  assure  all  policies  include  accidental  medical  and liability  coverage  for FYSA  officers,  BOD, players, team staff, affiliates' members, spectators, etc.

3. Shall  obtain  loss ratios  and  other  pertinent  statistics, including a record of claims from the carrier. This information along with submitted bids shall be sent to the BOD by June 1, annually.

4. Shall work in close cooperation with the Budget Committee in selecting policy choice.
5. Shall meet on an "as needed" basis, except that at least one (1) meeting shall be in             conjunction with the BOD.

6. Develop a budget to cover the projected costs for completion of its task for the seasonal year.

7. Shall make such annual and/or interim reports as   may be required by the BOD.