• 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 completing an application to the  Governing Board 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 September 1st and delinquent on November 30th.

 

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

 

• Section 6.         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 7.         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 8.         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 over the Annual Meeting agenda.

 

• Section 9.         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 10.       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 11.        The duties of the officers:

 

• The president shall preside over all regular meetings and shall serve as chairperson of the Governing Board and as member on all committees

 

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

  

• The secretary shall be responsible for producing minutes of the 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.   

 

• Section 12.       All funds received by the association shall be deposited in a bank approved by the  governing board.

 

• Section 13.      In the event of termination of any officer in mid-term, the executive board will  appoint a replacement for that office.

 

• Section 14.        The governing board may appoint other committees. The president may make  special appointments with the approval of the executive board.

   

• Section 15.       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 16.       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.