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 formal
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 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
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 for 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
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 ex-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 all
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 I.A.A.W. 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. Such
audit shall be preformed by two members of the association, excluding
any elected officer.
Section 14. In the event of termination of any officer in mid-term,
the executive board will appoint a replacement for that office.
Section 15. The nominating committee shall be appointed by the
president. 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. Other committees may be appointed by the governing
board. The president may make special appointments with the approval
of the executive board.
- 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 be 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
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.