Agenda Item
Meeting Date: 3/16/2020 - 6:30 PM
Category: CONSENT ACTION ITEMS
Type: Action
Subject: Approval of a Resolution Regarding Renewal Proposal for Life Insurance
Strategic Plans:
Enclosure:
File Attachment:
Summary: Horace Mann Life Insurance Company renewal of Basic Life and AD&D insurance coverage. The renewal is for two years with no premium increases.
Funding:
Approved in original budget or revised budget
Funds currently available in specified line item
If not currently available in line item, where are funds available
Resolution: WHEREAS, the District has reviewed the group life insurance and Accidental Death & Dismemberment insurance renewal recommendation from Horace Mann, the District’s insurance carrier; and

WHEREAS, the District elects to continue Basic Life Coverage at the current rate of $0.149 per $1,000, and Basic AD&D at a rate of $0.020 per $1,000, and Optional Life/AD&D and Dependent Life rates will remain unchanged from the previous renewal period;

NOW THEREFORE BE IT RESOLVED that the Board hereby approves and accepts Horace Mann’s renewal recommendation for the contractual year beginning June 1, 2020, and ending May 31, 2022.
Approvals:
Recommended By:
Signed By:
Nathan Fretz - Director
Signed By:
Jennifer E. Gill - Superintendent
Vote Results:

Original Motion
Member Scott McFarland Moved, Member Anthony Mares seconded to approve the Original motion 'WHEREAS, the District has reviewed the group life insurance and Accidental Death & Dismemberment insurance renewal recommendation from Horace Mann, the District’s insurance carrier; and

WHEREAS, the District elects to continue Basic Life Coverage at the current rate of $0.149 per $1,000, and Basic AD&D at a rate of $0.020 per $1,000, and Optional Life/AD&D and Dependent Life rates will remain unchanged from the previous renewal period;

NOW THEREFORE BE IT RESOLVED that the Board hereby approves and accepts Horace Mann’s renewal recommendation for the contractual year beginning June 1, 2020, and ending May 31, 2022.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0.
The motion Carried 7 - 0
   
Judith Johnson     Yes
Scott McFarland     Yes
Michael Zimmers     Yes
Anthony Mares     Yes
William Ringer     Yes
Micah Miller     Yes
Tiffany Mathis     Yes