The Kentucky Association of Counties Insurance Agency, Inc. held a Board of Directors' meeting immediately following the KACo Board of Directors' meeting on Thursday, December 15, 2011 at 400 Englewood Drive in Frankfort, Kentucky.
The roll was called. The following Directors were present: President Chris Harris, Pike Co. Magistrate; Vice-President Denny Nunnelley, KACo Executive Director/CEO; Rick Smith, Clark Co. Commissioner; Steve Tribble, Christian Co. Judge/Executive; Tommy Turner, LaRue Co. Judge/Executive; John Wilson, Garrard Co. Judge/Executive; and Tim Conley, Morgan Co. Judge/Executive.
Others present were: Mark Miller, Director of Insurance; Larry Crigler, Interim Assistant Director of Insurance; Tim Sturgill, General Counsel; Carolyn Jones, Chief Financial Officer; Brian Roy, Deputy Director; Michael Ray, Risk Manager; Scott Martin, Director of Member Services; Jerry Pace, Marketing Agent; and Sonya Chesser, Executive Secretary.
President Wilson called the meeting to order at 2:22 p.m.
Motion made by Chris Harris, seconded by Steve Tribble, to approve the minutes of the September 22, 2011 meeting as presented. Motion carried.
Mr. Miller presented and discussed the total number of bonds and premium, by month, for calendar year 2011. He said Gail Mitchell is handling the bonds while Marie Skinner is on maternity leave.
Mr. Miller presented and discussed an annual financial overview of the Company as of June 30, 2011.
Motion made by Grant Satterly, seconded by Denny Nunnelley, to approve the annual financial overview as presented. Motion carried.
Squire Smith asked if the board's liability policy for errors and omissions coverage had been renewed. Mr. Miller said that policy has been renewed.
Mr. Pace, giving an update on health insurance, said the Agency has added three new counties to its book of business since last quarter. He said 12% of the Agency's total block of business is consulting, which Peel & Holland is able to offer as an association product. As of January 1, 2012, total book of business will include 41 fiscal courts, 62 libraries and 32 political subdivisions participating in the program. He discussed some of the changes that will take effect in 2012 as a result of the new healthcare reform law.
Mr. Miller presented and discussed the 2012 meeting schedule for the board's consideration.
Motion made by Tommy Turner, seconded by Chris Harris, to approve the following meeting schedule for 2012: March 15; June 28; September 25; and December 13 upon adjournment of the KACo Board of Directors' meeting. Motion carried.
Mr. Pace said he would email the corrected health insurance report to the board members.
Judge Conley thanked the board for the opportunity to serve as a member of the board.
Motion made by Tim Conley, seconded by Tommy Turner, to adjourn the meeting at 2:39 p.m. Motion carried.
