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The Kentucky Association of Counties Insurance Agency, Inc. held a special Board of Directors meeting at 400 Englewood Drive in Frankfort, Ky. and via video teleconference, pursuant to proper notice given in accordance with KRS 61.823, at 1:00 p.m. on Thursday, February 25, 2021.
The roll was called. The following Directors participated in person: Chairman Reagan Taylor, Madison Co. Judge/Executive and KACo President; Phil Sammons, Boyle Co. Magistrate and KACo President-elect; Stevie Givens, Butler Co. Magistrate; Alex Barnett, Harrison Co. Judge/Executive; Joe Pat Covington, Scott Co. Judge/Executive; Steve Henry, Webster Co. Judge/ Executive; and Jim Henderson, KACo Executive Director/CEO.
Others participating in person included: Tim Sturgill, General Counsel; Karen Basham, Chief Financial Officer; Marie Skinner, Accountant/UI Manager; Rich Ornstein, Staff Attorney; and Sonya Chesser, Chief Administrative Officer/Executive Assistant to CEO.
Chairman Taylor called the meeting to order at 1:05 p.m.
The purpose of the meeting was to conduct a board orientation.
Motion made by Alex Barnett, seconded by Stevie Givens, to approve the minutes of the Dec. 17, 2020 meeting as presented. Motion carried.
Chairman Taylor explained the makeup of the board.
Mr. Henderson provided an overview and history of the KACo Insurance Agency, a for-profit, wholly owned subsidiary of the Kentucky Association of Counties, Inc.
Mr. Sturgill gave an overview of the KACo Medical Benefits Committee and the role that the Agency directors play on that committee.
Ms. Basham reviewed the finances of the Agency.
Mr. Sturgill presented the roles and responsibilities of a board member.
President Taylor said the next meeting is scheduled for March 31st at 10 a.m. in conjunction with the KACo Medical Benefits Committee. This meeting will be held in person. The next meeting will include discussions concerning investment opportunities.
Motion made by Stevie Givens, seconded by Phil Sammons, to adjourn the meeting at 2:51 p.m. Motion carried.
