March 7, 2024 at 9:00 AM - MICU Workers' Compensation Fund
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I. CALL TO ORDER - 9:00AM
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II. CHAIR'S REMARKS - Thomas Manceor, Chair - REC A
9:00-9:10AM |
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III. ADMINISTRATOR'S REMARKS, Rhonda M. Roorda, Fund Administrator & Nancy Lynn, Controller (Guest)
9:10-9:25AM
Presenter:
Rhonda M. Roorda, Fund Administrator
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III.A. Minutes Of November 17, 2023 MICU Fund Board Of Trustees Meeting
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III.A.1. Recommendation - #1
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IV. FUND'S INVESTMENT PORTFOLIO REPORT - Alex Doty, Vice President Portfolio Manager - Huntington Bank
9:25-9:45AM
Presenter:
Alex Doty, Vice President Portfolio Manager
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V. FUND'S LOSS CONTROL UPDATE - Brad Rutgers, President & CEO & Adam Wilberding, Director of Loss Control Services - The ASU Group
9:45-10:00AM
Presenter:
Joanne Cameron, Senior Account Executive & Rhonda Roorda, Fund Administrator
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VI. MICU FUND BOARD OF TRUSTEES BUSINESS MEETING
10:00-10:30AM |
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VI.A. 2024 FUND YEAR BUSINESS
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VI.A.1. 2024 Administrative Budget vs Actuals
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VI.A.1.a. Recommendation - #2
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VI.A.2. Confirmation (Receipt & Ratification) Of 2024 Operations & Approvals
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VI.A.2.a. State Application For MICU Group Fund To Operate In 2024
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VI.A.2.b. State Authorization For MICU Group Fund To Operate In 2024
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VI.A.3. 2024 Excess Reinsurance Coverage
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VI.A.3.a. Acceptance Of 2024 Excess Reinsurance/Service Agent Agreements
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VI.A.3.b. 2024 Excess Reinsurance Policy With Midwest
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VI.A.4. 2024 Service Agent Agreement
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VI.A.5. 2024 Safety/Loss Control Program Contract
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VI.A.6. 2024 Actuarial Risk Agreement
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VI.A.7. 2024 E&O/D&O Policy With Certain Underwriters at Lloyd's, London; A15
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VI.A.8. 2024 Receipt & Ratification By Trustees
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VI.A.8.a. Recommendation - #3
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VI.A.9. 2024 Estimated Premium Collections
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VI.A.9.a. Memo To Board Of Trustees Regarding Status Of 2024 Premium Collections
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VI.A.9.b. 2024 Estimated Annual & Quarterly Premium Chart
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VI.B. 2023 FUND YEAR BUSINESS
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VI.B.1. Fourth Quarter Fiscal Report For State Purposes Ending 12-31-23 [Prior To Payroll Audit]/Transmittal Letter
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VI.B.1.a. Fourth Quarter Fiscal Report Ending 12-31-23 [Prior To Payroll Audit]/Transmittal Letter
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VI.B.1.b. Recommendation - #4
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VI.B.1.b.1. MICU Fund Confirmations To State RE 2023 Distributions & Surplus Transfer
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VII. ORGANIZATIONAL BUSINESS
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VII.A. Finlandia University (Form 651 Termination Effective 12/31/23) & REC #5
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VII.B. MICU Fund Procedural Manual - Version 2.0 For Board Review & REC #6
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VIII. ADJOURNMENT - 10:30AM
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