Important Notice Regarding Coverage
for Kentucky School Boards
Submission Dates (New Business)
KEMI will begin accepting submissions for schools with a July 1st effective date at 12:00 AM on March 1, 2015. In order to allow sufficient time to underwrite each account, all submissions must be received no later than May 15, 2015.
Agent of Record
The agency providing the first complete submission as noted below will be recognized as the Agent of Record. The Agent of Record will receive the only quote from KEMI unless KEMI receives an Agent of Record letter signed by the school superintendent.
The incumbent agent will be recognized as the Agent of Record and will receive the only quote from KEMI unless KEMI receives an Agent of Record letter signed by the school superintendent.
In order to be considered a complete submission, the following information must be received:
- Fully completed Acord 130 application
- Minimum of 5 years currently valued Loss Runs. “Currently valued” means loss runs are valued within 30 days of the date the application is submitted to KEMI
- Last 3 completed payroll audits (if any of those terms were previously self-insured or insured by a group self-insurance fund in the last four years)
Net of Commission Requests
KEMI will not provide any quotes, renewal or new business, net of commission. Please remember that KEMI does not have a contractual relationship with any agency, and therefore, agents do not have binding authority or the authority to provide a quote independent of KEMI. Only KEMI has the authority to issue quotes and to bind coverage. Any quote not produced by KEMI is invalid, will not be honored by KEMI and should be rescinded immediately.