Committees
In accordance with the Company’s By-Laws, BPIC presently has five established Committees – Executive, Governance, Finance, Risk Control and Underwriting – to monitor and provide guidance to the Company’s Board of Directors as respects specific areas of the company. A brief outline of each committee’s role is outlined below, along with identification of the current committee composition.
EXECUTIVE COMMITTEE
Oversees the day-to-day operations of the Company, exchanging information regularly with the Board of Directors. This committee also oversees the marketing, identity and branding of the Company.
GOVERNANCE COMMITTEE
Reviews corporate governance documents, provides oversight of the professional service team stewardship review process, serves as the Nominations Committee for Board of Directors elections/appointments and Committee appointments, and undertakes special assignments as determined by the Board of Directors.
FINANCE COMMITTEE
Reviews the Company’s financial performance, monitors investment program, and oversees independent actuarial and auditing work, including serving as the Company’s Audit Committee.
RISK CONTROL COMMITTEE
Reviews claim activity and monitors claims trends, coordinates white paper projects, facilitates the availability of training materials made available to members, oversees the Company’s website and evaluates risk management tools benficial to the membership.
UNDERWRITING COMMITTEE
Provides oversight in the underwriting of prospective member candidates and renewal of existing members’ coverage placements, facilitates market partner relationships, evaluates potential member coverage enhancements – including those on which BPIC takes a risk position and group purchasing programs beneficial to the members on which BPIC assumes no risk.
Interested in serving on a BPIC Committee?
Please contact BPIC by clicking on the Contact Us button below or call 1-877-325-BPIC (2742).
Is BPIC right for your diocese?
Given the nature of BPIC and its application in a customized way to each potential member’s insurance program, you are encouraged to begin a consultative and interactive dialogue with us now. We may be able to accommodate some aspects of your current program carriers and bring another church company (BPIC) to diversify your overall risk financing structure. If your answer to any of these questions below is ‘yes’, then we encourage you to reach out to us (program team listed below) or the board members:
Would you like to reduce the cost of risk long term for your arch/diocese?
Would you like to have your current program strengthened, with policies issued by the largest insurance conglomerate in the world, Lloyd’s of London?
Do you want to retain risk in a conservative, evolutionary way to reclaim dollars for ministry over the long term?
Do you see merit in retaining some of the premium ordinarily recognized as underwriting expense?
Do you want to participate as an owner in another “church program” as a coverage/insurance diversification option?