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March 12, 2021 at 9:00 AM - MICU Workers' Compensation Fund Board Of Trustees Meeting

Agenda
I. CALL TO ORDER - 9:00AM
 
II. CHAIR'S REMARKS
9:00-9:10AM
Presenter:  Thomas W. Ayers, Board Chair
III. FUND ADMINISTRATOR'S REMARKS
9:10-9:25AM
Presenter:  Rhonda M. Roorda, Fund Administrator
III.A. Minutes Of November 20, 2020 MICU Fund Board Of Trustees Meeting
III.A.1. Recommendation - #1
IV. MICU PRESIDENT'S REMARKS
9:25-9:40AM
Presenter:  Robert LeFevre, President
V. FUND'S INVESTMENT PORTFOLIO REPORT - HUNTINGTON BANK
9:40-9:55AM
Presenter:  Mark Vostrizansky, Senior Portfolio Manager
VI. FUND'S CLAIMS REPORT & UPDATE  (& SAFETY /LOSS CONTROL DATA) - BROADSPIRE
9:55-10:10AM
Presenter:  Joanne Cameron, Senior Account Executive & Rhonda Roorda, Fund Administrator
VII. MICU FUND BOARD OF TRUSTEES BUSINESS MEETING
10:10-10:30AM
VII.A. 2021 FUND YEAR BUSINESS
VII.A.1. 2021 Administrative Budget - (Approved By BOT/Added Calvin Seminary Premium)
VII.A.1.a. Recommendation - #2
VII.A.2. Confirmation (Receipt & Ratification) Of 2021 Operations & Approvals
VII.A.2.a. State Application To Operate In 2021
VII.A.2.b. State Approval For MICU Fund To Operate In 2021 Fund Year
VII.A.3. 2021 Excess Reinsurance Coverage
VII.A.3.a. Acceptance Of 2021 Excess Reinsurance/Service Agent Agreements
VII.A.3.b. 2021 Excess Reinsurance Policy With Midwest
VII.A.4. 2021 Service Agent Agreement
VII.A.5. 2021 Safety/Loss Control Program Contract
VII.A.6. 2021 Actuarial Risk Agreement 
VII.A.7. 2021 E&O/D&O Policy With Certain Underwriters at Lloyd's, London; A15
VII.A.8. 2021 Receipt & Ratification By Trustees
VII.A.8.a. Recommendation - #3
VII.A.9. 2021 Estimated Premium Collections
VII.A.9.a. Memo To Board Of Trustees Regarding Status Of 2021 Premium Collections
VII.A.9.b. 2021 Estimated Annual & Quarterly Premium Chart
VII.B. 2020 FUND YEAR BUSINESS
VII.B.1. Fourth Quarter 2020 Fiscal Report As Of 12-31-20 [Prior To Payroll Audit]/Transmittal Letter To State
VII.B.1.a. Fourth Quarter Fiscal Report As Of 12-31-20 [Prior To Payroll Audit]/Transmittal Letter To State
VII.B.1.b. Recommendation - #4
VII.B.1.b.1. State Agency Surplus Transfer Approval Letter & Fund Confirmation Letter
VII.B.2. Audit/Tax Status For Financial Statements As Of 12/31/20
VII.C. MICU FUND PROCEDURES MANUAL-WORKING DOCUMENT (FOR BOARD VIEW)
VIII. ADJOURNMENT - 10:30AM
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