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SJVIA board approves 2025 stop‑loss reinsurance renewal
Summary
The San Joaquin Valley Insurance Authority approved the stop‑loss (reinsurance) renewal for plan year 2025 in a voice vote after the board moved to ratify the reinsurance placed earlier.
The San Joaquin Valley Insurance Authority voted to approve its 2025 stop‑loss reinsurance renewal, an action carried over after a prior meeting cancellation.
Staff said the reinsurance was placed earlier (the item originated from the canceled December meeting) and presented the renewal for board ratification. Supervisor Magsig moved for approval with Director Vanderpool seconding; the motion passed on a voice vote with no recorded dissents.
The item was presented as an action to ratify reinsurance coverage already in place; no additional contract terms were discussed on the record at the meeting.
