SUPPLEMENT NO. 15

DI Mgmt Council 4/06
 
NCAA-SPONSORED GROUP BASIC ACCIDENT MEDICAL PROGRAM

 

The NCAA is establishing a Group Basic Accident Medical Program for the 2006-07 school year.  The purpose of this insurance program will be to initiate a long term, stable athletic insurance program that will insure and manage accident medical expenses within the deductible of the NCAA Catastrophic Injury Insurance program.

 

About the NCAA-Sponsored Group Basic Accident Medical Program

 

The NCAA-sponsored program will initially include approximately 25 to 30 member institutions.  The benefits of this group approach will be:

 

§         Developing best practice risk management and claims management protocols to reduce costs over time.

§         Reducing program expenses on a group basis.

§         Mitigating the effect of medical inflation.

§         Creating a stable, long-term solution to financing medical expenses within the catastrophic deductible.

§         Commitment by the NCAA of financial resources to facilitate program development.

 

The roll-out of the program will include three phases (please note all dates are approximate):

 

Phase I - Establish Initial Group of Member Institutions

§         March 24th - Deadline for interested member institutions to return "Indication of Interest" form to American Specialty, the NCAA's insurance and risk management administrator.

§         April 8th - Calls with interested member institutions to discuss participation requirements, gathering of underwriting information, and finalization of group participants.

§         May 1st – Deadline for receipt of required information.

 

The only commitment from member institutions at this stage is to 1) commit to interest in participating in the initial group; and 2) work with American Specialty in providing the necessary underwriting information needed for the insurer to provide a proposal for your institution.

 

Phase II - Program Acceptance

§         June 12th - American Specialty will deliver to participating members their personalized program proposal.  This proposal will include:

o              Program structure, terms, conditions, and coverages (specimen policy).

o              Cost to the participating member.

o              Risk management protocols.

o              Claims management and administrative protocols.

§         June 19th - Participating members will elect to participate or not participate in the program based upon the terms of the proposal.

 

Phase III - Program Implementation

§         August 1st - In the event that a sufficient number of member institutions commit to the program, it will be implemented for the 2006-07 school year.

 

NOTE:  The initial group will be limited to 25 to 30 member institutions.  It is important to start with a small, dedicated group to properly manage innovative approaches to controlling costs.  The NCAA reserves the right to select those participants that it deems the best fit for the initial group.  However, we are committed to selecting a representative sample of the membership from all three divisions.  In the event the group program is successful in the first year, it will be expanded to other member institutions who would agree to comply with the program protocols.

 

If you are interested in participating in the NCAA-Sponsored Group Basic Accident Medical Program, please complete the attached form and return to the address provided.

SUPPLEMENT NO. 15

DI Mgmt Council 4/06

Page No. 2

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NCAA-SPONSORED GROUP BASIC ACCIDENT MEDICAL PROGRAM

INDICATION OF INTEREST

 

We are interested in the opportunity to participate in the initial group to develop an NCAA-Sponsored Group Basic Accident Medical Program.  We understand that the NCAA will select the institutions that will form the initial group from all of those indicating an interest.  Participants will be selected based on a variety of factors with a goal of selecting a group that is most likely to lead to successful implementation of the program.

 

To be considered for inclusion in the initial group, the member institution must meet the following qualifications:

 

  1. Have a 4-year history of purchasing fully insured basic accident medical insurance for student-athletes;
  2. Be able to provide 4 years of credible, detailed loss information;
  3. Be able to provide detailed coverage and limit information for the last 4 years' policies (preferably the policies themselves);
  4. Be able to provide detailed information on sports sponsorship and participation;
  5. Be willing to participate in risk management programs and initiatives designed to better control claims costs, protect insurability and stabilize premium over the long-term; and
  6. Authorize the NCAA's insurance advisor to serve as your exclusive insurance administrator with respect to your participation in the group.

 

Note:  Indicating your interest to participate in the initial group does not in any way preclude you from seeking individual renewal insurance proposals from your broker or insurer.  Seeking other proposals will provide you with an alternative in the event the group program is not implemented for 2006-07.

 

By completing and returning the information below, I am indicating interest in my institution being considered for participation in the 2006-07 NCAA-Sponsored Group Basic Accident Medical Program.

 

Institution:                                                                                                                             

 

Primary Contact:                                                                                                                   

 

Title:                                                                                                                                      

 

Phone:                                                                                                                        

 

Fax:                                                                                                                                        

 

Email:                                                                                                                                    

 

Please return this form to the attention of:

Marla Peters, Sr. Vice President

American Specialty Insurance & Risk Services, Inc.

Phone:  260/673-1142

Fax:  260/672-8835

Email:  mpeters@amerspec.com