OSIG Proposal FY17

Revised
June 13, 2016
Board of Directors
Lloyd Snow,
Chairman
Superintendent:
Sand Springs Schools
Terry Davidson,
Vice Chairman
Superintendent:
Comanche Schools
Dr Kent
Shellenberger,
Treasurer
Superintendent:
Bethany Schools
Dusty Ricks,
Secretary
Superintendent:
Mid America
Technology Center
Brad Overton,
Member
Superintendent:
Cordell Schools
Bill Seitter,
Member
Superintendent:
Watonga Schools
Jordan Insurance Group
P O Box 98
Ardmore, OK 73402
Re:
Ardmore ISD #19
Dear OSIG Agent:
Attached is the OSIG proposal for your school client. Please review the quotation carefully and let us
know if you have any questions or changes. Please keep the following facts in mind while reviewing
this proposal with your school client:
 Coverages available in the program include: Property, Boiler, Crime, Automobile, General
Liability, School Board Legal Liability, Cyber Liability, Pollution Liability, Disaster
Management, Violent Acts Extra Expense
 Optional increased deductible quotes can be provided upon request if the members seek
alternatives to reduce their insurance costs.
 The non-profit structure of our program aids in stabilizing rates. OSIG retains the
underwriting profit and investment income, and is designed to be a long term insurance
solution for Oklahoma schools. The financial success of the program provides opportunities
for distributions to be made to return surplus funds to member schools or to help offset rate
increases when they occur.
 OSIG is distributing a $1,000,000 dividend to its renewing members this year!
 Gallagher, the administrator for OSIG, brings a level of expertise to the table that should
make you and your schools feel comfortable.
John Cox,
Member
Superintendent:
Peggs Schools
We urge you to be prepared and understand the importance of OSIG's excellent financial condition
and to be familiar with the financial hurdles of our competitor.
Executive Director
Please feel free to contact us to discuss this proposal and conditions in the marketplace in detail.
We are here to assist you in protecting your schools districts.
David Martin
Sincerely,
OSIG Program Administration
P. O. Box 3068
Tulsa, OK 74101-3068
Phone 918-764-1686 ▪ Toll Free 866-444-0061
Revised
June 13, 2016
Board of Directors
Lloyd Snow,
Chairman
Superintendent:
Sand Springs Schools
Terry Davidson,
Vice Chairman
Superintendent:
Comanche Schools
Dr Kent
Shellenberger,
Treasurer
Superintendent:
Bethany Schools
Dusty Ricks,
Secretary
Superintendent:
Mid America
Technology Center
Brad Overton,
Member
Superintendent:
Cordell Schools
Bill Seitter,
Member
Superintendent:
Watonga Schools
John Cox,
Member
Superintendent:
Peggs Schools
Executive Director
David Martin
Sonny Bates
Ardmore ISD #19
P O Box 1709
Ardmore, OK 73402
RE: Membership Proposal Effective 7/1/2016
Dear Sonny Bates:
We are very pleased to provide you with the attached proposal for insurance coverages with
Oklahoma Schools Insurance Group (OSIG).
OSIG is not a conventional insurance program. We are a public entity in the state of Oklahoma
formed by an Interlocal Agreement and made up of member public school districts. Our
organization is non-profit, member owned, and controlled by a board of your peers. Our sole
mission is to serve our member schools. Our promise is to provide quality insurance coverage and
superior service at stable pricing. OSIG continues to deliver on our promises. The financial success of
the program provides opportunities for distributions to be made to return surplus funds to member
schools or to help offset rate increases when they occur. OSIG is distributing a $1,000,000 dividend
to its renewing members this year! See the Breakdown of Insurance Cost page for your dividend
amount. We are pleased that 353 school districts are members of OSIG. Our membership is strong
and committed.
OSIG’s financial position is excellent. No other Oklahoma school insurance program can provide you
with this security. Our organization is constantly growing, improving and looking for new ways to
serve Oklahoma schools. The group purchasing power of OSIG and a non-profit structure provides
competitive insurance rates even in tough financial times and in today's insurance market.
Included in this proposal is information on OSIG's financial condition and summaries of enhanced
coverages that only OSIG provides.
Loss control, risk management services, and specialized insurance coverages included in OSIG
program are:
 Enhanced Property and Liability Coverage
 Cyber Liability, Crime, Pollution, School Violent Acts Extra Expense and Disaster Management
Coverages
Online Training in many different areas for your school employees
Loss Control Site Surveys / Safety Inspections


 Member Only Risk Management Library at www.osig.org
If you have any questions about the insurance procurement process or this proposal, please contact
your local agent or any member of the OSIG administration team. Contact names and phone
numbers are included in the proposal.
Sincerely,
OSIG Program Administration
Cc: Jordan Insurance Group
P. O. Box 3068
Tulsa, OK 74101-3068
Phone 918-764-1686 ▪ Toll Free 866-444-0061
Revised
Ardmore ISD #19
P O Box 1709
Ardmore, OK 73402
This is not an invoice.
Breakdown of Insurance Cost
Insurance Cost Breakdown
Property:
Boiler & Machinery:
Auto Physical Dmg:
General Liability:
Auto Liability:
Educators Legal:
Excess Liability:
$124,433
$1,324
$3,330
$16,922
$22,565
$16,921
$0
Total Annual:
$185,495
2015 Dividend
The OSIG Board of Directors has declared
a dividend of $1,000,000 to be paid to its
members renewing 7/1/2016.
A dividend check will be mailed on or
before 8/1/2016.
Your estimated dividend is $8,041
A 25% minimum earned premium applies.
Your historical billed premiums, total insured values and loss information are shown in the charts below.
Year
2010-2011
2011-2012
2012-2013
2013-2014
2014-2015
2015-2016
Total Values
$82,343,601
$82,391,726
$82,765,526
$84,163,193
$86,798,673
$87,642,029
$148,876
$176,464
$212,699
$217,450
$203,601
$187,788
Premium
Number of
Claims:
Insurance Cost Paid to
OSIG (incl Endts):
Incurred Claims:
Loss Ratio:
30
$1,146,878
$424,367
37.00%
Your losses are considered in the calculation of the cost of your insurance. Your dedication to maintaining
your property and providing safe campuses for your students and community will result in savings in the
cost of your insurance.
Payment Terms
Payment of the insurance cost is due the effective date of your coverage. A copy of your purchase order
encumbering funds for payment of your insurance should be provided to OSIG as soon as available. A
three (3) payment plan option is available.
Installment #1
Installment #2
Installment #3
1/3 of total
1/3 of total
1/3 of total
due 7/1/16
due 8/1/16
due 9/1/16
P. O. Box 3068
Tulsa, OK 74101-3068
Phone 918-764-1686 ▪ Toll Free 866-444-0061
Revised
Coverages
OSIG provides a full range of property and liability coverages with the exception of workers compensation. Crime, Violent
Malicious Acts Protection and Cyber Liability coverages are included in pool limits.
Property
Full Replacement Cost - Except Roofs over 15 years old and Autos, Contractors Equipment & Debris Removal Only
adjusted at ACV
No Coinsurance Clause
No Cosmetic Damage Only Exclusion
Real And Personal Property- Limit Per Occurrence
$1,000,000,000
Blanket Coverage - subject to school statement of values
including:
Electronic Data Processing Equipment, and Media
Accounts Receivable
Valuable Papers
Fine Arts
Miscellaneous Property
Miscellaneous Unnamed / Undescribed Property
Builder's Risk
*Note All Builder's Risk projects must be reported to OSIG - Frame projects are subject to approval
Outdoor Property - covered all perils
Extra Expense
Business Income including Rental Income and Tuition Income
Ordinance or Law including Increased Cost of Construction and Demolition
Contractor's Equipment Coverage
Debris Removal Coverage
Covered Property In Transit
Personal Property of Others/Officers/Employees
Off Premises Services Interruption including Extra Expense
Vehicle Damage
Terrorism
Newly Acquired Property Coverage - 90 days
$25,000,000
Earthquake, Volcanic Eruption- Aggregate Any One Policy Year
$50,000,000
Flood- Aggregate Any One Policy Year
$25,000,000
*Note Flood Zones A and V are excluded - Except for Automobiles
Pollution Liability included
Boiler And Machinery Coverage- Any One Occurrence
$200,000,000
Please refer to the attached property and automobile schedules for your school district's limits of insurance for Building,
Contents, Extra Expense, Miscellaneous Property, EDP, Earthquake, Flood and Automobile Physical Damage coverage.
Deductibles
$10,000
$15,000
$1,000
$50,000
Optional increased deductible quotations are available upon request.
Property Deductible Per Occurrence
Property Deductible Per Occurrence- Windstorm / Hail
Boiler / Machinery Deductible per Occurrence
Flood, Earthquake and Pollution
P. O. Box 3068
Tulsa, OK 74101-3068
Phone 918-764-1686 ▪ Toll Free 866-444-0061
Revised
General Liability
$1,000,000 Limit Per Occurrence (subject to the Governmental Tort Claims Act)
Bodily Injury, Property Damage And Personal / Advertising Injury
Premises / Operations And Products / Completed Operations
Miscellaneous Medical Professional to Include School Nurses, Student Nurses, Counselors and Allied Health Programs
Insureds Include District, Board Members, Employees, Student Teachers, And Volunteers
No Exclusions for Corporal Punishment or Sexual Misconduct
No Deductible
PTA/PTO's included for coverage if funds flow through school's books.
School Board Legal Liability
Claims-Made Form
$1,000,000 Limit Per Occurrence (subject to the Governmental Tort Claims Act)
Errors And Omissions Liability including Educational Errors And Omissions
Employment Practices Liability
Insureds Include District, Board Members, Employees, Student Teachers, and Volunteers
*Unlimited Prior Acts / No retroactive date included
$25,000 legal costs for IEP administrative hearings
$10,000 Deductible
*Any incidents or potential claims that have been reported to the superintendent, any associate superintendent,
principal, assistant principal, personnel directors, dean or school attorney should be reported to your current
carrier immediately.
Employee Benefit Liability
Claims Made Form
Unlimited Prior Acts / No retroactive date included
*Any incidents or potential claims that have been reported to the superintendent, any associate superintendent,
principal, assistant principal, personnel directors, dean or school attorney should be reported to your current
carrier immediately.
Automobile Liability
$1,000,000 Limit Per Occurrence (subject to the Governmental Tort Claims Act)
Bodily Injury And Property Damage
Includes Hired and Non-Owned Exposures
Includes Uninsured and Underinsured Motorists (Oklahoma Minimum Limits)
Insureds Include District, Board Members, Employees, Student Teachers, and Volunteers
Coverage included for garage liability and garage keepers legal liability.
No charge for vehicles added/deleted during the policy term. Vehicle changes must be reported to OSIG.
Automobile Physical Damage
Actual Cash Value
$1,000 Deductible
Vehicle additions / deletions / changes must be reported to OSIG
No charge for vehicles added/deleted during the policy term.
Please refer to the attached schedule of vehicles.
P. O. Box 3068
Tulsa, OK 74101-3068
Phone 918-764-1686 ▪ Toll Free 866-444-0061
Revised
Crime
$10,000 Limit Per Occurrence / Per District
Employee Dishonesty
Premises Money And Securities
Transit Money And Securities
$1,000 Deductible
Cyber Liability
Claims-Made Form
Retro date - first effective date with OSIG
Third Party Liability
$2,000,000 Annual Aggregate Limit for Information Security and Privacy Liability
$500,000 Annual Policy Aggregate Privacy Notification costs
$2,000,000 Annual Aggregate Penalties for Regulatory Defense and Penalties
$100,000 PCI Fines and Penalties
$2,000,000 Annual Aggregate Website Media Content
First Party
$2,000,000 Policy Aggregate Sublimit Cyber Extortion Loss
$2,000,000 Policy Aggregate Sublimit Data Protection Loss and Business Interruption Loss
First Party Business Interruption Sublimits
$50,000 Hourly Sublimit and Forensic Expense Sublimit
$150,000 Dependent Business Interruption Sublimit
$10,000 Deductible
Violent Malicious Acts Coverage
$1,000,000 Limit Each Occurrence
$2,000,000 Pool Annual Aggregate
$2,500 Deductible
Insures the necessary extra expense you incur to continue the normal conduct of the school district's operations
following a violent malicious act
Coverage compensates the school if the school board determines that it will permanently cease use of the affected
location as a direct result of the VMA and relocate elsewhere
Coverage trigger is bodily injury
Disaster Management
$1,000,000 Limit Each Occurrence - per member
$1,000,000 Annual Aggregate - per member
$5,000,000 Pool Annual Aggregate
Coverage will respond in the event of a sudden unforseen natural disaster or manmade catastrophe which affects
five (5) or more lives
All services provided to be coordinated by DMI
Onsite management of the incident
Incident coordination at the school's principal location
Family assistance
Note: Per Occurrence Limits are shared limits except as otherwise indicated.
P. O. Box 3068
Tulsa, OK 74101-3068
Phone 918-764-1686 ▪ Toll Free 866-444-0061
Property Schedule
Report Printed: 06/13/2016 02:13 pm
Ardmore ISD #19
Location
1441 North Washin
1906 Harris
1906 Harris
Occupied As
Will Rogers Elementary & New Addition
Charles Evans Auditorium/Gym
New Charles Evans Elementary
25 3rd Ave Nw
333 Carter St. SE
333 Carter St. SE
333 Carter St. SE
511-711 Veterans B
611 Maxwell St NW
611 Maxwell St NW
611 Veterans Blvd.
615 Stanley St SW
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
(Liability Only)
Jefferson Elementary/9 Classroom Addition
Portable Building North
Portable Building South
Ardmore Middle School Complex
Old Charles Evans Elementary
Portable Classroom (Special Education)
Higher Education Center
Lincoln Elementary
(14) Lights, (7) Poles & Annex Room
(18) Lights, (7) Poles & (2) Small Utility Buildings
(63) Lights & (9) Poles
(8) Baseball Lights
Ardmore High School - Academic Wing
Baseball Facility
Cafeteria
Concession & Announcers Box @ Baseball Field
East Bleachers
East Concession & Restrooms
Fences
Fences
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
701 Veterans Blvd
800 M St NE
800 M St NE
800 M St NE
Fences & Dugout @ Baseball Field
Fences & Dugouts @ Softball Field
Fine Arts Building
Flagpole including Flag & Hardware
Goal Post
Gymnasium & Weight Room
High School Gymnasium
Noble Stadium Field House
Scoreboard
Softball Lights
Storage Buildings
Tennis Courts, Fences & Wind Screens
Track @ Noble Stadium
West Bleachers & Pressbox
Administration, Auditorium & Bus Garage
Service Center & Warehouse
Transportation Building
Floater Limit
Bldg Value
$5,077,228
$2,428,000
$6,425,876
Contents Val
$939,036
$237,000
$635,328
$0
$0
$5,848,220
$536,384
$68,471
$21,872
$68,471
$74,990
$14,399,100
$2,707,957
$3,194,977
$632,204
$94,385
$13,540
$2,896,864
$572,837
$2,762,028
$545,758
$36,869
$3,645
$36,869
$3,645
$79,005
$0
$52,670
$0
$11,587,455
$2,291,348
$460,865
$1,332,557
$31,602
$526,702
$84,947
$79,005
$15,801
$45,567
$263,505
$6,249
$0
$15,623
$0
$0
$52,670
$68,471
$1,053,405
$3,160
$5,164
$2,387,016
$2,823,125
$1,264,086
$91,646
$52,670
$22,122
$83,900
$387,000
$3,686,918
$2,872,635
$596,227
$57,937
$0
$0
$208,304
$0
$0
$471,809
$558,256
$249,965
$0
$0
$2,187
$0
$0
$4,586
$567,629
$120,000
$88,529
$73,096,119
$11,817,753
$368,323
Auto Values:
$2,214,737
EDP Limit
$1,285,000
Total Values:
$89,281,932
Extra Expense Limit
$500,000
Page 1 of 1
Auto Schedule
Report Printed: 06/13/2016 02:13 pm
Ardmore ISD #19
Vehicle No
Year
Make
Model
Capacity
1
2
1991
1992
International
International
Ward
Wayne
71
71
1HVBAZRM6MH383878
1HVBBNMP3NH422466
$2,300
$5,700
3
4
5
6
7
8
9
10
11
12
13
14
15
17
18
19
20
21
22
23
24
1993
1993
1993
1991
2001
1994
2000
2000
1996
1995
1995
1997
1997
2001
2001
2001
2003
2004
2004
1998
2005
International
International
International
Mitsubishi
GMC
Chevy
International
International
Nissan
Nissan
International
International
International
Chevy
Chevy
Chevy
Chevy
International
International
Chevy
International
Carpenter
Carpenter
Carpenter
FE434 Van
Pickup
C1500 1/2 ton
Bluebird
Bluebird
1/2 ton
1/2 ton
Thomas
Bluebird
Bluebird
Suburban
Suburban
Suburban
Malibu
IHC
IHC
G1500 Van
IHC
65
65
65
1HVBBPEPXPH515157
1HVBBPEP1PH515158
1HVBBPEP9PH515117
JW6ADE1F1ML002269
1GTEC14W11Z312343
1GCEC14ZXRZ227961
1HVBBAAP7YH287848
1HVBBAAP5YH287847
1N6SD11S1TC367797
1N6SD11S9SC426481
1HVBDACNX5H612909
1HVBBABP9VH470288
1HVBBABP7VH472962
3GNEC16T31G250194
3GNEC16T61G255941
3GNEC16T21G284529
1G1ND52J63M700463
4DRBRAAP84B967428
4DRBRAAPX4B967429
1GNFG15R0WJ053181
4DRBVAAN85B987290
$3,600
$3,500
$3,600
$2,500
$12,100
$3,500
$26,800
$26,800
$3,500
$2,400
$8,500
$19,000
$19,200
$10,900
$10,900
$10,900
$8,400
$69,000
$69,000
$4,900
$71,200
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
2005
2006
2006
2001
2006
2006
2006
2007
2007
2007
2007
2005
2007
2007
2007
2007
2007
2007
2007
2007
2008
2007
International
IHC
IHC
Chevy
Chevy
Chevy
Chevy
International
International
International
International
Chevy
International
International
International
International
International
International
International
Interntional
Chevy
IHC
IHC
Bus
Bus
1/2 Ton Pickup
Suburban
Suburban
3/4 Ton Pickup
Bus
Bus
Bus
Box Truck
Suburban
CE300
CE300
CE300
CE300
CE300
CE300
CE300
CE300
Tahoe
Bus
77
77
77
4DRBUAANX5B987291
4DRBUAAN66B265110
4DRBUAAB66B265111
1GCEC14W61Z147177
1GNEC16Z96J176645
1GNEC16Z86J152398
1GCHK24U36E252519
4DRBUAAN07B462839
4DRBUAAN97B462838
4BRBUAAN77B462837
1HTMMAAM57H505060
3GNEC16295G122956
4DRBUAAN69B675278
4DRBUAAN19B673583
4DRBUAAN39B673587
4DRBUAAN89B675279
4DRBUAAN49B675280
4DRBUAAN59B673585
4DRBUAAN79B673586
4DRBUAAN09B673588
1GNFC13008R212771
4DRBUAAN39B673584
$71,200
$71,200
$71,200
$6,200
$26,800
$26,800
$19,200
$79,800
$79,800
$79,800
$58,263
$25,800
$91,000
$78,000
$78,000
$91,000
$91,000
$78,000
$78,000
$78,000
$35,500
$78,000
48
49
50
51
52
53
54
56
57
58
59
2008
2011
2001
1999
1997
1996
2011
2010
2011
2007
2007
Dodge
IHC
Titan
Homemade
Homemade
Homemade
IC
Kearney
Chevy
Ford
Chevy
Pickup
Bus
Trailer
Trailer 16' Car Hauler
16' Trailer
Trailer 14' Tilt Trailer
Bus
Utility Trailer
Suburban
Tech Van
Silverado
1D7HU18N78S516598
$29,660
$92,000
$6,500
$2,600
$1,500
$1,650
$100,228
$10,000
$40,925
$10,500
$17,400
71
71
24
65
65
8
8
8
71
71
77
Page 1 of 2
8
8
77
77
77
8
27
77
77
27
27
77
77
77
8
77
VIN
Actual Value
4DRBUAAN3BB272333
5DZC61827Y1000810
0004
0003
0005
65
4DRBUAAN7BB388831
5LCJF1825A1021482
1GNSCHE07BR383223
2
1FTNE14W27DB32756
1GCHC24K17E598680
Ardmore ISD #19
Vehicle No
Year
Make
Model
60
61
62
63
64
2002
2005
1993
2000
2013
GMC
Chevy
IHC Carpenter
Handy
International
Sierra PU
Pickup
Bus
Hauler Trailer
Bus
Capacity
20
77
VIN
1GTHC29152E249594
1GCH24UX5E178656
1HVBA2RM6PH515123
UT0810Y1A12685
4DRBUAAN4DB299589
Total Value of All Autos for Ardmore ISD #19:
Page 2 of 2
Actual Value
$2,500
$11,200
$4,500
$3,600
$89,211
$2,214,737
Revised
Overview
Background
The Oklahoma Schools Insurance Group (OSIG) is a public entity of the State of Oklahoma, formed as
an Interlocal Agreement in accordance with 74 O.S. 1004(f), for the purpose of joining together a
group of Oklahoma public school districts. OSIG will allow member districts to more efficiently and
more economically obtain and manage their insurance programs.
OSIG obtained approval to operate from the Oklahoma Attorney General on June 28, 2001. Effective
July 1, 2002, OSIG began full operation by providing its member districts with broad insurance
coverage through “A” rated insurance carriers and professional risk management services. Over the
past 13 years, OSIG's membership has grown to 353 and the program insures more than $8.3 Billion
in school property across Oklahoma.
Structure
OSIG is a non-profit, member-owned, public entity program whose management is completely
controlled by a Board of your peers. Our singular mission is to provide quality insurance coverage and
service to our members. OSIG’s mission statement is
"The mission of Oklahoma Schools Insurance Group (OSIG) is to provide quality, cost
effective risk management products and services to member schools".
The group purchases insurance and reinsurance from "A" rated carriers. OSIG's insurance providers
are long term partners and committed to OSIG and Oklahoma schools.
OSIG has contracted with Arthur J. Gallagher & Company in Tulsa to administer the program.
Gallagher is one of the largest insurance brokers in the world and manages programs similar to OSIG
across the country.
It is important to know that the insurance coverage provided by OSIG was specifically tailored to meet
the needs of Oklahoma schools. The coverage is what you need to protect your schools' property,
your students, and patrons.
The strength of the liability portion of OSIG's offering is also important during these tough times. The
program is backed by the foremost specialist in school liability insurance in the country. United
Educators Insurance Company is second to none.
Losses are a part of life. Only OSIG has the collective strength and staying power to provide the
protections you need. By sticking together as a group, OSIG will be able to continue to provide you
with the quality, fair-priced insurance and risk management services you need to protect your
schools' assets, your board, your staff and most importantly your children.
P. O. Box 3068
Tulsa, OK 74101-3068
Phone 918-764-1686 ▪ Toll Free 866-444-0061
Revised
Financial Strength
OSIG is financially solid and we have the funds (cash) we need to pay your claims. OSIG has
returned more than $6.5 million to our members over the years as dividends. Surplus at year ended
6/30/15 was more than $13.5 million and our assets were more than $22 million.
We believe in complete transparency. We submit to an annual financial audit each year end and
share the operating results at our annual members meeting held each year.
The financial condition of an insurance group should be of utmost importance to you when
choosing an insurance partner for your district. If your insurer can't pay their claims, then the
policy is a worthless stack of paper.
We urge you to obtain and review audited financial statements from every insurance provider that
may offer your school district a quote. Financial statements are required by law and can be obtained
at www.ok.gov/oid. Click on Interlocals under the Quick Links section of the home page. Your
school's auditor can help in analyzing the statements.
P. O. Box 3068
Tulsa, OK 74101-3068
Phone 918-764-1686 ▪ Toll Free 866-444-0061
Revised
Important Plan Information
It is important to understand that OSIG is not an insurance company, but rather a non-profit,
cooperative risk management program owned and directed by Oklahoma Schools. Its mission is to
reduce insurance costs and stabilize rates by aggregating purchasing power with an intense focus on
controlling member losses. When losses are controlled, OSIG's member schools retain the underwriting
profit and investment income thereby increasing fund reserves for future years. OSIG purchases per
occurrence and liability aggregate protection for its member schools. The per occurrence insurance
protects member schools up to $1,000,000,000 for property losses and $1,000,000 for liability claims in
each and every occurrence. The aggregate insurance protection is purchased in the unlikely event that
sum total of all OSIG losses are significantly more than actuarially projected. Additional excess liability
limits are available for members requiring higher limits.
This proposal is an outline of the coverages proposed by insurers based on the information provided by
your school district. It does not include all the terms, coverages, exclusions, limitations, and conditions
of the actual contract language. Please refer to the plan document for the details.
Actuarial Review
An independent actuary has been retained by OSIG to make projections as to anticipated claims and
losses the program should expect on an annual basis. The OSIG actuary has relied on the historical loss
experience and exposures provided to OSIG by the member school districts to make projections of
OSIG’s expected losses. OSIG adequately funds to, or in excess of, the expected loss projections
through member contributions (insurance cost) and our own surplus.
Membership contributions are used to buy insurance, pay administrative expenses, and fund for
members' claims. Similar successful programs throughout the country for schools and municipalities are
protected using the same insurance structure as OSIG has deployed. As with any insurance mechanism,
OSIG does not guarantee full funding in the event unimaginable losses would materialize that are many
times greater than what is indicated by past history. The OSIG board is charged with developing a plan
to address under funding in this unlikely event.
P. O. Box 3068
Tulsa, OK 74101-3068
Phone 918-764-1686 ▪ Toll Free 866-444-0061
Revised
Procedure to Renew Coverage
Notify your agent of your acceptance of this insurance renewal proposal. Your agent will advise the
OSIG administrative staff in writing that you wish to renew the insurance coverage.
Payment Terms
Payment of the insurance cost is due the effective date of your coverage. A copy of your purchase order
encumbering funds for payment of your insurance should be provided to OSIG as soon as available. A
three (3) payment plan option is available.
Installment #1
Installment #2
Installment #3
1/3 of total
1/3 of total
1/3 of total
due 7/1/16
due 8/1/16
due 9/1/16
A 25% minimum earned premium applies.
Risk Management And Loss Control Tools
Loss Control Site Consultation
Risk Management focused website www.osig.org
Examples of Online training:
Free of charge to all members of OSIG
Online 24/7 access to training
Training modules include:
Promoting Child Safe Environments - two training platforms
(Fulfills legislative mandate for child abuse awareness training)
Workplace Harassment Prevention
Short Term International Programs
Teaching Science Safely
Contracting and Risk Allocation
Driver Safety
Youth Athletics
Crisis Response Planning
P. O. Box 3068
Tulsa, OK 74101-3068
Phone 918-764-1686 ▪ Toll Free 866-444-0061
Revised
Contacts For Questions
Coverage Questions
Your Local Agent or:
Michelle Pruitt or Jennifer McKenzie
Arthur J. Gallagher Risk Management Services Inc. - Tulsa
1300 South Main
Tulsa, OK 74119
Phone: 918-764-1686
Toll-Free: 866-444-0061
Fax:
866-420-0695
Email: michelle_pruitt@ajg.com or jennifer_mckenzie@ajg.com
Eastern Oklahoma Schools (East of I-35)
Guy Griggs
Keystone Insurance
11 East Broadway
Sand Springs, OK 74063
Phone: 918-245-2558
Fax:
918-245-8553
Email: guy.griggs@insurica.com
General Program Questions
David Martin
Executive Director
P O Box 3068
Tulsa, OK 74101
Phone: 918-688-1056
Fax: 866-420-0695
OSIG Board Members
Lloyd Snow - Chairman
Terry Davidson - Vice Chairman
Dr Kent Shellenberger - Treasurer
Dusty Ricks - Secretary
Brad Overton - Member
Bill Seitter - Member
John Cox - Member
Sand Springs Schools
Comanche Schools
Bethany Schools
Mid America Technology Center
Cordell Schools
Watonga Schools
Peggs Schools
P. O. Box 3068
Tulsa, OK 74101-3068
Phone 918-764-1686 ▪ Toll Free 866-444-0061
(918) 246-1400
(580) 439-2900
(405) 789-3801
(405) 449-3391
(580) 832-3220
(580) 623-7364
(918) 598-3412