WHEREAS, the Insurance Programs Committee is responsible for the general oversight of insurance programs offered to the members and staff of the Association;
WHEREAS, the Association's broker of record is USI Colburn Insurance Service;
WHEREAS, the Insurance Programs Committee feels it is in the best interests of the members of the Association to be able to provide a flexible premium adjustable life insurance program with living benefits on a guaranteed issue and simplified issue basis;
WHEREAS, USI Colburn Insurance Service has reviewed the market for this type of product and has recommended to the Insurance Programs Committee endorsement of such a product offered exclusively for Philadelphia Bar Association members through Transamerica Occidental Life Insurance Company;
WHEREAS, the Insurance Programs Committee has voted to make such a recommendation to the Association's Board of Governors.
NOW, THEREFORE, BE IT RESOLVED that the Board of Governors agrees to sponsor said program for the members of the Association.
PHILADELPHIA BAR ASSOCIATION
BOARD OF GOVERNORS
ADOPTED: JUNE 29, 2006