RISK MANAGEMENT COMMITTEE - (RIM)

This Committee includes a Board Liaison, and a Club Manager, none of whom may serve as the Chair of the committee, except in the absence of the Chair. It includes other Owners who have some qualified experience in the evaluation and administration of risk management policies and programs, for the overall protection of the CDOA, its Owners, its Capital Assets, its Board of Directors and Board-appointed Committees, and its Team Members.

This Committee is responsible to regularly review all commercial insurance policies incident reports, and claims, whether generated internally or from contracted external sources. This Committee is to evaluate the risk management policies and programs and that they are in conformance with all statutory requirements and any changes to such requirements, and in compliance with our CC&R's. This Committee is authorized to obtain competitive bids from external resources at least every 2 years to ensure that the overall programs, policies, and systems are in place that are most cost effective for the CDOA, and then to make recommendations to the Board for action.

Regarding the areas of their input to the annual budgetary planning process, the following are some of the key line items for their review and input:
Expenses:
All Insurance related line items - #7071 General Liability,
#7072 Commercial Umbrella,
#5073 D & O Insurance,
#4180 Worker’s Compensation,
#8103 - Disaster Relief Fund

This Committee works with the Club Management Team and the Hotel Management Team to ensure that all training programs, Safety & Security meetings and programs that are necessary to maintain and/or reduce the possibility of claims and losses under such policies, inclusive of those insurance policies of the PPCA involving the Common Areas of the facility, are in place and working cost-effectively.

This Committee provides an Annual Report to the Board of Directors of its findings and an opinion regarding the status of compliance of CDOA commercial insurances with all applicable laws and statutory requirements.

Volunteering

Executive Committee EC)

Financial Management Committee (FMC)

CC&R's/Bylaws & Rules Committee (CBR)

Risk Management Committee (RIM)

Human Resources Management Committee (HRM)

Marketing & Business Development Committee (MBD)

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