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Operations Manual The University of Iowa

PART V. ADMINISTRATIVE, FINANCIAL, AND FACILITIES POLICIES

CHAPTER 15: RISK MANAGEMENT, INSURANCE, AND LOSS PREVENTION

(Amended 9/93; Regents 3/16/94; amended 10/95; 9/97; 2/06; 2/11)

15.1 General
15.2 Property Insurance (Buildings and Contents)
15.3 Auto Insurance
15.4 Liability
15.5 Fidelity Coverage
15.6 Reporting Property or Liability Losses

These procedures apply to all types of insurance coverages except staff members' insurance programs administered by the Staff Benefits Office.

15.1 GENERAL.
(Amended 2/11)

The Chief Risk Officer is responsible for administering risk management and insurance programs in compliance with the Board of Regents, State of Iowa, risk management policies and procedures. Questions concerning Regents or University risk management programs, insurance, property, or liability claims, or related matters should be referred directly to the Department of Risk Management, Insurance, and Loss Prevention, www.uiowa.edu/~fusrm.
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15.2 PROPERTY INSURANCE (BUILDINGS AND CONTENTS).
(Amended 2/11)

15.3 AUTO INSURANCE.
(Amended 2/06; 2/11)

(See also V- 22.1e(2)(g) Car Rental Insurance.)
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15.4 LIABILITY.
(Amended 2/11)

(See also IC 669.)
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15.5 FIDELITY COVERAGE.
The State of Iowa blanket fidelity bond provides coverage for theft of state property by a state employee; coverage is subject to a $100,000 deductible. The University administers a self-insurance program to cover fidelity losses over $2,500 but less than the $100,000 deductible. Contact the Department of Risk Management, Insurance, and Loss Prevention, www.uiowa.edu/~fusrm/contact.html, for more details.
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15.6 REPORTING PROPERTY OR LIABILITY LOSSES.
(Amended 2/11)


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Page last updated August 2014 by Office of the Senior Vice President for Finance and Operations