The Insurance Advisory Committee consists of seven members appointed by the Town Council and meets three times annually.
The Duties of the Insurance Advisory Committee are:
- Assist the administration in determining the needs of property, casualty, health, and life insurance protection, per directive of the Town Council.
- Identify risks and develop management and funding mechanisms and to prepare recommendations on loss retention by direct funding, deductibles, reserve funds and insurance.
- Periodically review insurance coverages and loss data and make recommendations to the Town Manager with respect to the needs to modify and renew insurance policies and programs.
- Review insurance bid process and bid cycle terms. Recommend modifications to the insurance bid specifications.