Board Policies3000 Business & Instruction Support Operations
The Board desires to maintain a program of risk management to protect district property and resources against harm or loss by identifying risks and administering a program designed to minimize and/or prevent losses. The risk management schedule will include, but not be limited to:
(cf. 4154 - Personnel Insurance/Health & Welfare Benefits) (cf. 5143 - Students/Insurance/Athletic Insurance)
The district officer responsible for the custody of district moneys and property shall be bonded as required by law. The School Board may require the bonding of employees holding positions which have extensive access to property and money.
The Alaska Statutes and Administrative Codes listed herein outline the minimum requirements.
Legal Reference:
ALASKA STATUTES
14.03.150 Property Insurance required
14.08.091 Organization; oath and bond. (Regional Education Attendance Areas)
14.11.011 Grant applications
14.12.115 Indemnification
14.14.020 Bond required
21.76.010-21.76-900 Joint insurance arrangements
ALASKA ADMINISTRATIVE CODE
4 AAC 31.200 Loss protection required
4 AAC 31.205 Self-insurance programs
4 AAC 31.210 Deductible amounts
4 AAC 31.215 Proceeds
4 AAC 31.220 Proof of insurance
4 AAC 31.225 Failure to procure insurance