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            "text": "ACTION ITEM 4A",
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            "text": "KENTUCKY STATE UNIVERSITY\nBOARD OF REGENTS",
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            "text": "Approval of Church Mutual Commercial Auto Insurance Renewal."
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            "text": "Church Mutual has been the University's insurer for auto coverage since 2013. The current policy expires 6/30/2022. The renewal rate for FY 22-23 is quoted $4,134.00 lower than FY 21-22 rates."
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            "text": "Total amount for FY 22-23 Commercial Auto Policy for KSU is $64,614.00. Church Mutual requires a 30% down payment ($19,384.20) at the time of binding, with ten direct billed installments ($4,522.98 each). Funds for this expense have been budgeted."
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            "text": "RECOMMENDATION:",
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            "text": "VP/CFO Shields recommends that the Board of Regents approve the Church Mutual Automobile Insurance Renewal."
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            "text": "[p3.13.1] Church Mutual Commercial Auto Insurance Renewal.",
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                    "text": "Āp̄p̄r̄ōv̄ē",
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            "text": "Page 3 of 40",
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            "text": "Finance and Administration",
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