What does aim insurance mean?
Associate in Management (AIM) — professional designation awarded by the Insurance Institute of America (IIA) upon successful completion of three national exams, two of which are designed specifically for this program and one which is a Chartered Property Casualty Underwriter (CPCU) exam.
What does PTA insurance cover?
Your PTA insurance policy protects all members of the PTA in case they are held legally liable for bodily injury or property damage to another person that resulted from a covered PTA event.
What is an association in insurance?
Association group insurance is insurance an organization or formal group purchases on behalf of its members so that it can benefit from lower premiums per member. The discounted price makes it a desirable membership benefit for various types of associations.
Does a PTO need insurance?
PTOs and PTAs should be insured, not only to protect against injuries and damages at events that they sponsor but also to protect themselves against embezzlers. Even if the parent group itself is short on cash, someone filing a lawsuit may decide to name officers who seem to have more personal assets.
Why do booster clubs need insurance?
All booster clubs are required to purchase commercial general liability insurance protection for booster club events on and off campus which will protect against claims for bodily injuries or property damage.
What does Nailba stand for?
The National Association of Independent Life Brokerage Agencies
The National Association of Independent Life Brokerage Agencies, better known across the industry as NAILBA, is the premier trade association promoting financial security and consumer choice in the insurance and financial services marketplace through independent, wholesale brokerage distribution channels.
What kind of insurance does a nonprofit need?
General Liability insurance
Most nonprofits need General Liability insurance and Directors and Officers (D&O) insurance. If the organization has employees, workers compensation insurance, as well as other insurance offered to employees as benefits such as health, dental, and life insurance may be needed.
Does a PTO have to file taxes?
Every year, your PTO must file an annual information return, similar to a tax return. Form 990 (or 990-EZ) asks about the sources of your group’s income and what types of expenses were incurred in the previous year.
Can a booster club Be Sued?
Can my PTO or Booster Club be sued? Yes! Any nonprofit is in danger of having legal action taken against them. Your PTO or Booster Club operates separately from your school and therefore can be held liable on its own.
Are association health plans self funded?
In the case of an association health plan, self-funding would mean that the association itself retains the risk. In contrast to traditional fully-insured coverage where the organization has to pay the same level of premiums every month, a self-funded health plan spends money as the medical claims occur.
Which states allow association health plans?
Today, roughly 30,000 individuals living in States like Alabama, Arizona, Florida, Georgia, Michigan, Missouri, Minnesota, Nebraska, Nevada, Oklahoma, Tennessee, Texas, West Virginia, and Wisconsin are covered by AHPs that allow employers in different industries and self-employed individuals with no employees to …
What is aim insurance?
AIM is a specialty health benefits company that works with leading insurers to improve health care quality and manage costs for today’s most complex and prevalent tests and treatments, helping to promote care that is appropriate, safe and affordable. AIM provides:
What are the aims of insurance?
Abstract. The Ghana National Health Insurance Scheme (NHIS) was established in 2003,Act,2003 (Act 650),but was later replaced with the National Health Insurance Act,2012 (Act 852) to
What is aim insurance company?
AIM Insurance is a large, award-winning Independent Agency. We offer home and auto insurance through numerous carriers so we can customize your insurance to your individual needs. We find you the right coverage, with the best carriers, at the most affordable price for you. With access to so many insurance carriers, our prices are very hard to beat.
What is Association liability insurance?
Associations Liability insurance responds to a civil claim made against an association or a person serving or engaged by the association in carrying out their duties, whether salaried or not. The insurance covers liability to the claimant as well as the cost of defending the claim. This is important because defence costs can be very significant, and are unlikely to be recoverable in full from the claimant, whether or not the claim is justified.