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Meeting Agenda
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I. CALL TO ORDER
Time: 9:00 AM |
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II. FUND CHAIR'S WELCOME
Time: 9:00-9:05 AM |
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III. FUND ADMINISTRATOR'S REMARKS
Time: 9:05-9:15 AM |
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III.A. Minutes Of September 15, 2023 Board Meeting (Action)
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III.B. Draft Minutes Of September 15, 2023 Annual Fund Membership Meeting (Action)
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IV. PRE-AUDIT (2023) SESSION WITH YEO & YEO
(PER AUDITING STANDARDS) Time: 9:15-9:35 AM |
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V. INVESTMENT AGENT REPORT - HUNTINGTON NATIONAL BANK
Time: 9:35-9:55 AM |
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VI. LOSS CONTROL & SAFETY REPORT - THE ASU GROUP
Time: 9:55-10:15 AM |
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VII. BREAK
Time: 10:15-10:35 AM |
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VIII. EXCESS REINSURANCE/CLAIMS DATA REPORT - BROADSPIRE SERVICES, INC.
Time: 10:35-10:50 AM |
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IX. MICU FUND BOARD OF TRUSTEES MEETING
Time: 10:50-12:00 PM |
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IX.A. 2024 FUND YEAR BUSINESS
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IX.A.1. 2024 Proposed Excess Reinsurance Renewal Quotation - Midwest
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IX.A.1.a. Discussion
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IX.A.1.b. Acceptance Of 2024 Excess Reinsurance Quotation (Action)
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IX.A.2. 2024 Continued Waiver Of Surety Bond (Action)
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IX.A.3. 2024 Continued Relationship With The Huntington National Bank (Action)
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IX.A.4. 2024 Proposed Service Agent Agreement - Broadspire
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IX.A.4.a. Continuation Of Current Contract With Updates To
Year And Fee (Action) |
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IX.A.5. 2024 Proposed Loss Control & Safety Consulting Agreement - The ASU Group (Action)
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IX.A.6. Fidelity Bond Renewal Policy (11-18-23 to 11-18-24)
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IX.A.7. 2024 Board Liability Insurance Agreement (Action)
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IX.A.8. 2024 Proposed Administrative Budget (Action)
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IX.A.9. 2024 Proposed Trustees Meeting Schedule (Action)
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IX.B. 2023 FUND YEAR BUSINESS
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IX.B.1. 2023 Distributions
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IX.B.1.a. Petition To State For Approval Of Distributions (Action)
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IX.B.1.b. State Approval To Distribute Board-Declared Funds (Action)
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IX.B.2. 2023 Audit Process
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IX.B.2.a. Yeo & Yeo Audit & Tax Engagement Agreement On Financial Statements As Of 12-31-23 (Action)
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IX.B.2.b. Payroll Audit Process
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IX.B.2.c. Preliminary Schedule
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IX.B.2.d. Post-Audit Session (2nd Qtr. Meeting)
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IX.B.2.e. Proposed Aon Actuarial Analysis Agreement On Claims Data As Of 12-31-23 (Action)
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IX.B.3. 2023 Estimated Quarterly Premiums Collected
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IX.B.4. Third Quarter 2023 Fiscal Report & Transmittal Letter To State (Action)
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IX.C. Petitions To State/Approvals For Fiscal Transfers Of Surplus Funds (Actions)
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IX.D. ADJOURNMENT (12:00 PM)
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Agenda Item Details
Reload Your Meeting
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| Meeting: | November 17, 2023 at 9:00 AM - MICU Workers' Compensation Fund | |
| Subject: |
I. CALL TO ORDER
Time: 9:00 AM |
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| Subject: |
II. FUND CHAIR'S WELCOME
Time: 9:00-9:05 AM |
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| Presenter: |
Michael J. Moore, Fund Chair
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| Subject: |
III. FUND ADMINISTRATOR'S REMARKS
Time: 9:05-9:15 AM |
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| Presenter: |
Rhonda M. Roorda, Fund Administrator
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| Subject: |
III.A. Minutes Of September 15, 2023 Board Meeting (Action)
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|
| Subject: |
III.B. Draft Minutes Of September 15, 2023 Annual Fund Membership Meeting (Action)
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|
| Subject: |
IV. PRE-AUDIT (2023) SESSION WITH YEO & YEO
(PER AUDITING STANDARDS) Time: 9:15-9:35 AM |
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| Presenter: |
Brad DeVries, CPA, CAE
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| Subject: |
V. INVESTMENT AGENT REPORT - HUNTINGTON NATIONAL BANK
Time: 9:35-9:55 AM |
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| Presenter: |
Mark S. Vostrizansky, Vice President & Portfolio Manager
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| Subject: |
VI. LOSS CONTROL & SAFETY REPORT - THE ASU GROUP
Time: 9:55-10:15 AM |
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| Presenter: |
Brad Rutgers, President/CEO & Adam Wilberding, Director of Loss Control Services
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| Subject: |
VII. BREAK
Time: 10:15-10:35 AM |
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| Subject: |
VIII. EXCESS REINSURANCE/CLAIMS DATA REPORT - BROADSPIRE SERVICES, INC.
Time: 10:35-10:50 AM |
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| Presenter: |
Lisa Fular, Senior Claims Examiner
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| Subject: |
IX. MICU FUND BOARD OF TRUSTEES MEETING
Time: 10:50-12:00 PM |
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| Subject: |
IX.A. 2024 FUND YEAR BUSINESS
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|
| Subject: |
IX.A.1. 2024 Proposed Excess Reinsurance Renewal Quotation - Midwest
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|
| Subject: |
IX.A.1.a. Discussion
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|
| Subject: |
IX.A.1.b. Acceptance Of 2024 Excess Reinsurance Quotation (Action)
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|
| Subject: |
IX.A.2. 2024 Continued Waiver Of Surety Bond (Action)
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|
| Subject: |
IX.A.3. 2024 Continued Relationship With The Huntington National Bank (Action)
|
|
| Subject: |
IX.A.4. 2024 Proposed Service Agent Agreement - Broadspire
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|
| Subject: |
IX.A.4.a. Continuation Of Current Contract With Updates To
Year And Fee (Action) |
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| Subject: |
IX.A.5. 2024 Proposed Loss Control & Safety Consulting Agreement - The ASU Group (Action)
|
|
| Subject: |
IX.A.6. Fidelity Bond Renewal Policy (11-18-23 to 11-18-24)
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| Subject: |
IX.A.7. 2024 Board Liability Insurance Agreement (Action)
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| Subject: |
IX.A.8. 2024 Proposed Administrative Budget (Action)
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| Subject: |
IX.A.9. 2024 Proposed Trustees Meeting Schedule (Action)
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| Subject: |
IX.B. 2023 FUND YEAR BUSINESS
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| Subject: |
IX.B.1. 2023 Distributions
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| Subject: |
IX.B.1.a. Petition To State For Approval Of Distributions (Action)
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| Subject: |
IX.B.1.b. State Approval To Distribute Board-Declared Funds (Action)
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| Subject: |
IX.B.2. 2023 Audit Process
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| Subject: |
IX.B.2.a. Yeo & Yeo Audit & Tax Engagement Agreement On Financial Statements As Of 12-31-23 (Action)
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| Subject: |
IX.B.2.b. Payroll Audit Process
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| Subject: |
IX.B.2.c. Preliminary Schedule
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| Subject: |
IX.B.2.d. Post-Audit Session (2nd Qtr. Meeting)
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| Subject: |
IX.B.2.e. Proposed Aon Actuarial Analysis Agreement On Claims Data As Of 12-31-23 (Action)
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| Subject: |
IX.B.3. 2023 Estimated Quarterly Premiums Collected
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| Subject: |
IX.B.4. Third Quarter 2023 Fiscal Report & Transmittal Letter To State (Action)
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| Subject: |
IX.C. Petitions To State/Approvals For Fiscal Transfers Of Surplus Funds (Actions)
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| Subject: |
IX.D. ADJOURNMENT (12:00 PM)
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