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Meeting Agenda
I. Welcome & History - 9:30 AM 
I.A. Workers' Compensation Self-Insurance Trust (WCSIT)
I.B. Illinois School District Agency (ISDA)
I.C. Role of Pooling
I.D. Program Structure
I.E. Glossary of Terms
II. Contractual & Legal Background - 9:45 AM
II.A. Role of Legal Counsel
II.B. WCSIT Agreements
II.B.1. Trust Agreement
II.B.2. Intergovernmental Cooperative Pooling Agreement
II.C. ISDA Agency Agreement
III. Board Information - 10:00 AM 
III.A. Board Composition
III.B. Board & Committee Meetings
III.C. Meeting Materials & Electronic Meeting Management Portal 
III.D. Meeting Logistics & Board Member Expense Reimbursement 
IV. Errors & Omissions, General Liability & Special Events Coverages - 10:10 AM
IV.A. Errors & Omissions Insurance
IV.A.1. Coverage
IV.A.2. Limits
IV.B. General Liability & Special Events Coverage 
V. WCSIT Excess Insurance & ISDA Reinsurance - 10:20 AM
V.A. WCSIT Ecess Insurance Overview
V.B. ISDA Reinsurance Program Structure 
VI. BREAK - 10:40 AM
VII. Underwriting - 10:50 AM - Alex Spedale
VII.A. WCSIT
VII.A.1. Coverages
VII.A.2. Rating Factors
VII.A.3. Contribution Development
VII.A.4. Payroll Audit
VII.B. ISDA
VII.B.1. Coverages
VII.B.2. Rating Factors
VII.B.3. Contribution Development
VIII. Budget Development & Financial Statements - 11:10 AM
VIII.A. Budget Development
VIII.B. Financial Statements
IX. LUNCH - 11:40 AM
X. Accounting & Investments - 12:30 PM
X.A. Claim Information
X.A.1. Run-out Report
X.A.2. Actuarial Report
X.A.3. Incurred But Not Report (IBNR) Tracking
X.A.4. WCSIT Excess Insurance Reports 
X.A.5. ISDA Reinsurance and Aggregate Reports 
X.B. Cash Management
X.C. Investments
X.C.1. Statement of Investment Objectives and Guidelines
X.C.2. Investment Management 
X.C.2.a. WCSIT - PMA
X.C.2.b. ISDA - Charles Schwab 
X.C.3. Chief Investment Officer (CIO)
X.D. Financial Audit
XI. Marketing - 1:05 PM
XI.A. Alternative Risk Solutions Structure
XI.B. ARS Agents 
XI.C. Marketing Activities 
XII. Claim Administration - 1:15 PM 
XII.A. Services Provided
XII.A.1. WCSIT 
XII.A.2. ISDA 
XII.B. Electronic Claim Reporting
XII.C. Claim Reporting to the Boards
XIII. Loss Control Services - 1:40 PM
XIV. Conclusion - 1:50 PM
Agenda Item Details Reload Your Meeting
Meeting: December 8, 2023 at 9:30 AM - ISDA-WCSIT New Board Member Orientation
Subject:
I. Welcome & History - 9:30 AM 
Presenter:
James Woodard, Cheryl Sandner
Subject:
I.A. Workers' Compensation Self-Insurance Trust (WCSIT)
Subject:
I.B. Illinois School District Agency (ISDA)
Subject:
I.C. Role of Pooling
Subject:
I.D. Program Structure
Subject:
I.E. Glossary of Terms
Subject:
II. Contractual & Legal Background - 9:45 AM
Presenter:
Cheryl Sandner, Dean Conlin
Subject:
II.A. Role of Legal Counsel
Subject:
II.B. WCSIT Agreements
Subject:
II.B.1. Trust Agreement
Subject:
II.B.2. Intergovernmental Cooperative Pooling Agreement
Subject:
II.C. ISDA Agency Agreement
Subject:
III. Board Information - 10:00 AM 
Presenter:
Amy Vail
Subject:
III.A. Board Composition
Subject:
III.B. Board & Committee Meetings
Subject:
III.C. Meeting Materials & Electronic Meeting Management Portal 
Subject:
III.D. Meeting Logistics & Board Member Expense Reimbursement 
Subject:
IV. Errors & Omissions, General Liability & Special Events Coverages - 10:10 AM
Presenter:
Erica Sandner
Subject:
IV.A. Errors & Omissions Insurance
Subject:
IV.A.1. Coverage
Subject:
IV.A.2. Limits
Subject:
IV.B. General Liability & Special Events Coverage 
Subject:
V. WCSIT Excess Insurance & ISDA Reinsurance - 10:20 AM
Presenter:
Michael Siebert
Subject:
V.A. WCSIT Ecess Insurance Overview
Subject:
V.B. ISDA Reinsurance Program Structure 
Subject:
VI. BREAK - 10:40 AM
Subject:
VII. Underwriting - 10:50 AM - Alex Spedale
Subject:
VII.A. WCSIT
Subject:
VII.A.1. Coverages
Subject:
VII.A.2. Rating Factors
Subject:
VII.A.3. Contribution Development
Subject:
VII.A.4. Payroll Audit
Subject:
VII.B. ISDA
Subject:
VII.B.1. Coverages
Subject:
VII.B.2. Rating Factors
Subject:
VII.B.3. Contribution Development
Subject:
VIII. Budget Development & Financial Statements - 11:10 AM
Presenter:
Patrick Crowley
Subject:
VIII.A. Budget Development
Subject:
VIII.B. Financial Statements
Subject:
IX. LUNCH - 11:40 AM
Subject:
X. Accounting & Investments - 12:30 PM
Presenter:
Patrick Crowley
Subject:
X.A. Claim Information
Subject:
X.A.1. Run-out Report
Subject:
X.A.2. Actuarial Report
Subject:
X.A.3. Incurred But Not Report (IBNR) Tracking
Subject:
X.A.4. WCSIT Excess Insurance Reports 
Subject:
X.A.5. ISDA Reinsurance and Aggregate Reports 
Subject:
X.B. Cash Management
Subject:
X.C. Investments
Subject:
X.C.1. Statement of Investment Objectives and Guidelines
Subject:
X.C.2. Investment Management 
Subject:
X.C.2.a. WCSIT - PMA
Subject:
X.C.2.b. ISDA - Charles Schwab 
Subject:
X.C.3. Chief Investment Officer (CIO)
Subject:
X.D. Financial Audit
Subject:
XI. Marketing - 1:05 PM
Presenter:
James Woodard, Jennifer Stockwell
Subject:
XI.A. Alternative Risk Solutions Structure
Subject:
XI.B. ARS Agents 
Subject:
XI.C. Marketing Activities 
Subject:
XII. Claim Administration - 1:15 PM 
Presenter:
Joe Soldano, Tim Kelly
Subject:
XII.A. Services Provided
Subject:
XII.A.1. WCSIT 
Presenter:
Joe Soldano
Subject:
XII.A.2. ISDA 
Presenter:
Tim Kelly
Subject:
XII.B. Electronic Claim Reporting
Presenter:
Joe Soldano
Subject:
XII.C. Claim Reporting to the Boards
Presenter:
Tim Kelly
Subject:
XIII. Loss Control Services - 1:40 PM
Presenter:
Greg Manuel
Subject:
XIV. Conclusion - 1:50 PM
Presenter:
James Woodard

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