FILE:  EG

INSURANCE MANAGEMENT

The Iberville Parish School Board has the responsibility to maintain an adequate insurance program to protect the property of the parish; to protect the School Board members and employees against liability resulting from the discharge of their duties; and to offer protection against injury for all employees while acting in behalf of the school.  The School Board may also authorize and participate in an insurance program of hospitalization and medical insurance for students and employees.

The responsibility of administering the total insurance program shall be delegated to the Superintendent and the administrative staff.  He/she shall be authorized to seek the necessary assistance in maintaining an effective and efficient insurance program for Iberville Parish.

As part of an effective insurance program, the School Board has established an Insurance Deductible Account.  Money derived from insurance premium savings shall be deposited to this account and invested accordingly.  A two-thirds (⅔) of the School Board's membership (6 members) shall be required to use any part of the special Insurance Deductible Account for any other purpose.

NOTICE OF RATE INCREASE

Insurance companies providing insurance coverage to the School Board shall be required to give at least a sixty (60) day written notice of any proposed rate increases to the Superintendent.  The notice shall either be hand-delivered by an agent of the company or be sent by certified mail to the attention of the Superintendent, and postmarked no later than sixty (60) days prior to the expiration date of said coverage.

Ref:    La. Rev. Stat. Ann. §§17:81, 17:159.2, 17:169, 17:1221, 17:1222, 17:1223, 22:1, 32:601, 32:602, 32:603, 32:604

Board minutes, 10-8-79, 1-10-00, 3-11-19

Iberville Parish School Board