Who May Apply For Membership
Any public educational agency in the State of California is eligible for membership to Bay Area Schools Insurance Cooperative (BASIC), subject to limitations contained in BASIC’s Joint Exercise of Powers Agreement and Bylaws. A public agency is defined in its governing documents as public school districts, county superintendent of schools, community college districts, public education joint powers authority, or charter school.
Membership Application Process
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Submission of a formal letter requesting membership.
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Completion of an Application for Membership.
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Review of the applicant’s past claims experience, risk management practice, and other criteria as determined by the Board of Directors. If it is determined that an actuarial study is necessary to determine the effect of the applicant’s membership on BASIC’s current members, the applicant will be requested to submit to an actuarial study to be conducted at its own expense. The actuary shall be selected by BASIC.
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Determination of eligibility by the Board of Directors, and determination by the Board of the terms and conditions under which the new applicant may be admitted to BASIC.
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Following the above determination, the Board of Directors will request from the applicant an executed copy of the Joint Powers Agreement together with a formal resolution duly adopted by the applicant’s appropriate governing body.
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Any public educational agency, as defined above, shall become a member upon majority approval by those present at a Board meeting, provided a quorum is present.
Underwriting Guidelines