Trust and Governance
ASBAIT was set up and operates by an "Agreement and Declaration of Trust" in accordance with the laws of the State of Arizona, including, without limitation, Arizona Revised Statutes Section 15-382 as it may be amended from time to time.
Operational authority of the Trust is by the Board of Trustees. The ASBAIT Board of Trustees is comprised of governing board members, superintendents, and business managers from member districts from across the state. As Trustees end their term of service and seats become available, the executive board members interview and make recommendations to the Arizona School Boards Association's (ASBA) board for appointment. Trustees are appointed to serve an initial term of four years, July 1 - June 30, with the possibility of reappointment for additional term(s). Efforts are made to keep a balance between the types of trustees and the geographic locations for representation to maintain a diverse board to best govern the insurance trust.
The Trustees meet four to six times per year to conduct the business of the Trust. Their major responsibilities include approving renewal procedures, overall budget, contractors, and independent audit and actuarial reports. The Trustees may also hear and make decisions on Appeals or Exceptions for claim payments to member employees or dependents.
If you are interested in serving on the ASBAIT Board, please submit a letter of interest and a resume via email to Kristi Sisk, Executive Assistant to the Executive Director at email@example.com by 5 p.m. Friday, April 30th, 2021.
Applicants must be an ASBAIT member and can be a superintendent, business manager, or school board member. Applications will be reviewed by the ASBA Executive Director. Those selected will move forward for in-person/virtual interviews. Selected candidates will be approved and appointed by the ASBA Board of Directors at the June board meeting.