• Section 1.         The by-laws may be amended by three-fourths (3/4) vote of the governing board.

• Section 2.         The fiscal year of the Association will be from June 1 to May 31.

 

• Section 3.         Additional chapters may join the IAAW by making fo,,al application to the Governing Beard and agreeing to abide by the rules of the Association. Upon approval of the Governing Board,    they are accepted.

 

• Section 3a.       An individual may become a member-at-large by paying their dues directly to the IAAW treasurer and agreeing to abide by the rules of the Association.

 

• Section 3b.       Individuals who have retired from the field of premium auditing may belong to the association with emeritus status.

 

• Section 4.         The annual dues for each member, or member-at-large, shall be set by the Governing Board. The dues are payable on July 1 and delinquent on November 1.

 

• Section 5.         No individual chapter or member-at-large, shall have voting rights if current dues are delinquent.

 

• Section 6.         The Governing Board shall determine the time and place of any regular meeting. The secretary of the IAAW shall advise the attendees at least 30 days prior to the meeting. Mid-term board meetings are to be held at the location of the upcoming annual meeting, with the executive officers attending the local chapter meeting.

 

• Section 7.         The members of the Governing Board shall consist of one representative from each member chapter and the current officers of the IAAW. Appointed positions of the Executive Board are non-voting positions.

 

• Section 8.         The Governing Board shall meet at least once a year. A quorum of three-fourths (3/4) of the board members shall exist in order for business to be conducted.

 

• Section 9.         The Executive Board shall consist of the elected officers, the immediate past president, and the positions appointed by the president. The executive board will meet twice a year, mid-term and at the annual meeting. The Executive Board shall have oversight approval authority fl,r the Annual Meeting agenda.  

 

• Section 10.       The officers of the association shall be elected at the general meeting. The nominating committee shall submit a list of nominees for each office. Additional candidates may be nominated from the floor.

 

• The Executive Board Advisor shall be appointed annually by the president. 
• The Historian shall be appointed annually by the president.
• The NSIPA Liaison shall be appointed annually by the president.

 

• Section 11.       Not more than two representatives from any one chapter may serve as elected positions on the executive board. Only the secretary and/or treasurer may hold their office for succeeding terms. 

 

• Section 12        The duties of the officers:

 

• The president shall preside over all regular meetings and shall serve as chairperson of the Governing Board and as es-officio member on all committees. The president must sign the signature card for the I.A.A.W checking account.

 

• The first vice-president shall serve as president in the absence of the president. The first vice president shall be responsible for the awards presented by the IAAW. This includes obtaining the lists of  designation recipients and coordinating the acquisition of the necessary recognition awards,  coordinating the acquisition of the Dana Sparrow and Auditor-of-the-year awards. 
• The first vice-president will also direct development and maintenance of the website.

 

• The second vice-president shall be responsible for the publication of the newsletter

 

• The secretary shall be responsible for producing minutes of eli board meetings and maintaining all correspondence, minutes, By-Laws, and other records and reports demanded of the office. 

 

• The treasurer shall be responsible for the receipt, billing, and disbursement of all monies of the association- A detailed report of the financial transactions shall be submitted at the mid-term and 
• annual board meetings. The treasurer will maintain a current membership roster including mailing and e-mail addresses. The treasurer shall also obtain a financial report of the annual seminar from the host chapter and report on same at the LAAW. Board Meeting. 

 

• Section 13.       All funds received by the association shall be deposited in a bank approved by the governing board Both the president and the treasurer will be authorized to sign on the account.  The treasurer and the president shall each be bonded for $5,000 and jointly responsible for all checks issued- An audit of the treasurer’s books shall be made each year at the expiration of association’s fiscal year. Two members of the association, excluding any elected officer, shall perform such audit,

 

• Section 14.       In the event of termination of any officer in mid-term, the executive board will appoint a replacement for that office.

 

• Section l5.        The president shall appoint the nominating committee. It will consist of three past presidents with the most recent as chairman. If past presidents are not available the president may appoint members in their place

 

• Section 16.       The governing board may appoint other committees. The president may make special appointments with the approval of the executive board. 

 

• Section 17.       Executive Board Expense Reimbursements: 
• The Association shall reimburse the necessary expenses of any Executive Board Member to the extent that the member’s company does not provide him)her with reimbursement of the necessary cost of attending the required meetings as set forth in these by-laws. Necessary expenses are limited to registration fees of the annual meeting, the cost of lodging necessary to attend the annual meeting and one night’s lodging for the mid-term meeting; and reasonable and necessary transportation to and from the meeting.

 

• Section 18        The Association newsletter shall he published no less than three times per year

 

• Section 19.       The Association shall provide a scholarship fund available for paid members to use in the pursuit of the Associate in Premium Auditing (APA) and Certified Insurance Premium Auditor (CIPA) designations- Reimbursements will be made after one sits for an exam. Passing is not a requirement.Funds are available for books, tuition and exam fees.

 

• Section 20.       The Historian shall attend the Annual Meetings for the purpose of creating an archive of and for the Association- The Historian shall be charged with maintaining two books. One is to be a photo journal of IAAW events; the other is to be a collection of Association publications. The historian will be issued a camera. The archives are to be on display at each IAAW Annual Meeting.