Risk and Insurance Management Policy

Code:
EI
Section:
E
Type:
Policy
Status:
active
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Policy

Code: EI

Amity School District 4J

Adopted: 2/14/90

Risk and Insurance Management

It shall be the policy of Amity School District to maintain a risk and insurance management program for the protection of life, health, property and financial resources.

Risk and Insurance Management is defined as the art and science of minimizing the adverse effects of financial loss to the district, public and district employees. It does not include employee benefits such as accident or health insurance.

It shall be the objective of the risk and insurance management program to:

  1. Identify and evaluate the district’s exposure to loss;
  2. Reduce or eliminate the risk;
  3. Identify risk areas to be assumed by the district through the normal operating expenses (self- insurance);
  1. Transfer the risk to insurance companies within the financial resources of the district;
  2. Meet all applicable laws or statutes for school district coverage.

END OF POLICY

Legal Reference(s):

ORS 30.260 - 30.265 ORS 278.005 - 278.215 ORS 332.435 ORS 332.437

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