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News & Press: IASIU News

IASIU 2020 Bylaws Vote Passes

Wednesday, August 12, 2020  
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On Friday, August 7, 2020, the vote to update the IASIU Bylaws to allow for a virtual Business Meeting was passed by the membership. The virtual Business Meeting is scheduled for Tuesday, September 15 at 3:45 pm CT. As a result, the IASIU 2020 elections will take place at the virtual Business Meeting. Information will be released to IASIU members in the coming days regarding the 2020 election process. 

The changes to Article III, Section 4E and Article V, Section 1A are noted below. In addition, a correction to the misspelling of the word “officers” in Article III, Section 4D was made

The complete bylaws can be found here

Article III, Section 4

A. All officers and directors will be elected at an annual meeting.
B.  All companies and/or organizations represented by regular members at the annual meeting shall have one (1) vote per group for the purpose of election of officers and directors. The group will be as defined by the most current AM Best publication.
C.  All companies or organizations of regular members must select one individual who is a regular member to cast the company’s vote during the election of officers and directors. The company or organization must inform the Secretary, or his/her designee, of the individual authorized to cast the company vote prior to the start of the annual business meeting.
D.  All regular members in good standing shall have the right to cast individual votes on all other association business placed before them at the annual business meeting, other than the election of officers and directors.  
E.  All votes must be in person
, unless the annual meeting is held virtually. There will be no absentee voting. 

Article V, Section 1

A. The annual business meeting of the Association shall be held in conjunction with the annual Association seminar.  The date, time, and location
, either in person or virtually, shall be determined by the Board of Directors.
B. The annual business meeting shall be conducted according to Robert’s Rules of Order.

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