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            "text": "KENTUCKY STATE UNIVERSITY\nBOARD OF REGENTS",
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            "text": "ACTION ITEM 4B",
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            "text": "ACTION ITEM: Approval of KEMI Worker's Compensation Insurance Renewal."
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            "text": "FACTS:",
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            "text": "Kentucky Employers Mutual Insurance Company (KEMI) has been the University's insurer for Worker's Compensation coverage since 2014. The current policy expires 6/30/2022. The renewal rate for FY 22-23 is quoted $11,160.12 lower than FY 21-22."
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            "text": "BUDGETARY IMPLICATIONS:",
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            "text": "Total amount for FY 22-23 Worker's Compensation Policy for KSU is $51,649.88. KEMI requires a $13,003.91 down payment at the time of binding, with nine direct billed installments until balance is paid in full. 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 KEMI Worker's Compensation Insurance Renewal."
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            "text": "Approve KEMI Worker's Compensation Insurance Renewal."
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            "text": "Page 5 of 40",
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            "text": "Finance and Administration",
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