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IDOI > Financial Services > Initial Registration Requirements > School Trust Insurance Pooling School Trust Insurance Pooling

Independent colleges and public school corporations may establish trusts to establish and maintain insurance coverage. Pursuant to Indiana Code (IC) 27-1-39, (additional guidance is also provided in Rule 760 IAC 1-75 a school trust doing business in Indiana must register with the Indiana Department of Insurance.

To register a school trust, please provide the following information:

1.      A completed application form.

2.      A copy of the trust documents.

3.      Documentation of stop loss insurance with an insurer authorized to do business in Indiana with an aggregate retention of not more than 125% of the amount of expected claims for the following year.

4.      Documentation that contributions are set to fund 100% of the aggregate retention plus all other costs of the trust.

5.      A copy of a fidelity bond covering each person responsible for the trust for acts of fraud or dishonesty.

6.      A statement that the entity has reviewed the provisions of IC 27-4-1-4.5.

7.      A copy of the trust's most recent financial statement. In the case of a start up entity, please provide a copy of the trust’s projected financial status for the first year.

This interim registration process will remain valid until a final rule is effective. 

Questions should be directed to:
 Cynthia D. Donovan
(317) 232-2408
cdonovan@idoi.IN.gov

Please submit the application documents to:
Admissions Coordinator
Indiana Department of Insurance
311 West Washington Street, Suite 300
Indianapolis, Indiana 46204-2787

After we receive the proper filing and review is completed, we will prepare a letter of registration and send it to the contact person listed on the application.