| As an official of what may be the
largest business in your community, you want to be sure the decisions you make result in
the best expenditure of school dollars. You also want to know the products and services
you use will do the job you expect to have done. Employee and student insurance coverages, property/casualty coverage, legal
assistance and ways to borrow money are always critical concerns.
The Oregon School Boards Association represents
its members in sponsoring services in these critical areas. Boards of Trustees, made up of
local board members and school business officials, oversee OSBA Insurance Trust programs
to assure they are operated in the best interest of school districts.
OSBA’s Insurance Trust Committee represents
districts in negotiating coverage options for medical, dental, vision, long-term
disability, accidental death and dismemberment and student accident insurance. OSBA’s
Property/Casualty Insurance Committee reviews and recommends property/casualty and
workers’ compensation insurance coverages.
In addition, the OSBA Board of Directors
sponsors three programs which allow districts to borrow money at minimum interest rates -
pooled short-term borrowing for start of school year expenditures, FlexFund for low-cost
lease-purchasing and a Credit Line program.
OSBA earns administrative fees or is reimbursed
for expenses associated with endorsement or marketing of these programs. Reserves on
employee coverages are used to "buy down" premium increase costs to member
districts. Some earnings are used to support OSBA services to school boards. |
