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Board accepts Fiscal Committee conclusions on insurance review and reserve adequacy; staff to continue RFI for insurance brokers
2523447 · February 27, 2025
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Summary
The fiscal committee reported it had reviewed insurance options and reserve adequacy; the board accepted the committee's conclusions about the Bridal reserve fund adequacy and directed staff to continue requests for information from insurance brokers, with emphasis on dam coverage.
The board heard an update from staff and the Fiscal Committee on the association’s insurance portfolio and the annual assessment of reserve adequacy (the “Bridal RF” in committee materials).
Staff reported it had engaged brokers and asked for proposals, including options for a…
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