Repository: UIHistories Project: Board of Trustees Minutes - 1978 [PAGE 550]

EXTRACTED TEXT FROM PAGE:

1978]

UNIVERSITY OF ILLINOIS

537

action by the Board of Trustees, and it was reported at the time that recommendations were being developed to define criteria for disposition or payment of such claims. During the intervening period, the risk management program has been reviewed by the vice president for administration, and, after consultation with appropriate offices and committees, including the use of outside consultants,1 it is proposed that the self-insurance program be revised. (The full text of the "University of Illinois Risk Management Program" now being proposed is filed with the secretary of the board for record.) Specifically, the vice president for administration now has recommended Board of Trustees' actions as follows: 1. Approval of the revised "Risk Management Self-Insurance Program." 2. Establishment of the following accounts, and in the amounts indicated, by July 31, 1978: a. Workmen's Compensation Reserve Fund in an amount to be determined by the actuarial study currently being conducted by Tillinghast, Nelson, and Warren, Inc.* b. Public and Contract Liability Reserve Fund in the amount of $608,000. c Hospital and Medical Professional Liability Reserve Fund in the amount of $5,392,000, of which $2,433,000 will be held in a trust fund with the First National Bank of Chicago. (The board may be requested to supplement these amounts from time to time.) 3. Authorization of the vice president for administration to negotiate with the First National Bank of Chicago to establish the appropriate trust agreement and related documents to establish a Hospital and Medical Professional Liability Reserve Fund to be held in trust with the First National Bank of Chicago for malpractice and comprehensive patient liability associated with the University of Illinois medical facilities (as permitted under the United States Department of Health, Education, and Welfare Regulations for Provider's Reimbursement under the Medicare Program) — in the amount of $2,433,000. 4. Appointment of James Gallivan, supervisor of insurance, as acting risk manager. (These actions would supersede the July 1976 actions of the Board of Trustees.) I recommend approval. T h e student advisory v o t e w a s : Aye, M i s s C o n l o n , M r . Overstreet, Miss W i n t e r ; n o , none. O n m o t i o n of M r s . R a d e r , the r e c o m m e n d a t i o n s were approved and authority w a s g i v e n as r e c o m m e n d e d by the following v o t e : Aye, M r . Forsyth, M r . H a h n , M r . H o w a r d , Mr. Lenz, Mr. Livingston, M r . N e a l , Mrs. R a d e r , Mrs. Shepherd, M r . V e l a s q u e z ; n o , n o n e ; absent, G o v e r n o r Thompson.

Recommendation of the Committee on Copyrights and Recordings

(16) The Board of Trustees on July 20, 1977, approved a contract for the publication by John Wiley and Sons, Inc., of a work entitled Air and Water Quality by Jon C. Liebman and James J. Stukel, professors of environmental engineering, and Michael J. Semmens, formerly assistant professor of environmental engineering, all at Urbana-Charopaign, and distribution of 15 percent of net royalties received to National Science Foundation, which partially supported the work. It

1 A Risk Planning. Group study of September 1977 and a Tillinghast, Nelson, and Warren, Inc.,1 report of October 1977. This amount will be reported to the board upon completion of the study.