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Show Alpine District Etas Insurance Plan AMERICAN FORK Items discussed at the last business meeting of the Board of Education Educa-tion of the Alpine School District Dist-rict included taking action to implement a program with a combination of self - funding and deductable insurance. The Indemnity insurance coverage cov-erage will go into effect for the Board Members, Superintendents Superin-tendents and all their employees employ-ees on January 1, 1973. The insured will be: School Districts Board of Education School Administrative Personnel, Person-nel, all other school employ-ess, employ-ess, Utah School Board of Education. Edu-cation. The limits of liability will be $250,000 per person and $1,5-00,000 $1,5-00,000 per occurance. There will be a deductible clause of $'0,000 per claim and $100,000 annual aggregate deductable (trust fund). The concept of the self -funding plan is that through an assessment as-sessment procedure, each district dist-rict will contribute to a fund that will respond to pay the , deductible in the event of a judgment being rendered. The Utah School Boards Association As-sociation legal counsel is establishing es-tablishing a trust fund with trustees, controls, etc., to manage man-age and protect the fund. The assessment will be made on an annual basis. The expectation ex-pectation is to reduce the assessments ass-essments in three to five years and then eliminate them if there is no claim. Although at the beginning the assessment will be approximately approx-imately twice the insurance premium it provides the equivalent equiv-alent of a 25 per cent discount off the NSBA program rates, while maintaining control of the self-funding trust finances. The carrier is California Union Un-ion Insurance Company, which is a subsidiary to INA. It is rated A plus. In the discussion of this policy pol-icy it was pointed out that there are many cases of school boards being sued, as well as individuals. This policy will also al-so cover the cost of the defense defen-se of any action. It was determined that the $2000 premium would be considered con-sidered an adminitrative cost. |