Board Policies
Chapter 5 - Administration
Click here for a PDF copy of this policy.
5.16 Risk Management and Insurance
Part 1. Policy Statement
It is the policy of the Board of Trustees that the office of the chancellor,
colleges, and universities will obtain property and casualty insurance
as appropriate either through the State's Risk Management Program and/or
other authorized and applicable programs.
Part 2. Responsibilities
The chancellor for the office of the chancellor and the presidents for
the colleges and universities are responsible for effectively managing
risks in order to conserve and manage the assets of the office of the
chancellor, colleges and universities and minimize the adverse impacts
of risks or losses.
Part 3. Accountability/Reporting
The Board of Trustees will be updated on an exception-based reporting
system on the risk management and insurance coverage's of the office
of the chancellor, colleges, and universities.
| Related
Documents: |
- Future Procedure 15.16.1, Risk Management
to view any of the
following related statutes, go to the Revisor's Web site
(http://www.revisor.leg.state.mn.us/).
You can conduct a search from this site by typing in the
statute number.
- Minnesota Statute 3.732, Settlement of
Claims
- Minnesota Statute 3.736, Tort Claims
- Minnesota Statute 4.65B, Automobile Insurance
- Minnesota Statute 5.176, Workers Compensation
- Minnesota Statute 16B.85, Risk Management
- Laws of Minnesota Chapter 574
http://www.mainserver.state.mn.us/risk
|
| Date of Implementation: |
06/21/00 |
| Date of Adoption: |
06/21/00 |
| Date &
Subject of Revisions:
06/18/03 - changes "system office" to "office
of the chancellor", eliminated periodically updating to the Board
to an exception-based reporting system; updated website for risk
management
There is no additional HISTORY for
5.16 at this time. |
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