School insurance--Florida

The purpose of this study was to determine the status of property
insurance programs and other tax funded insurances for the
Community Junior Colleges of the State of Florida. Data was collected through the use of a questionnaire completed
by the chief business officer of each of the twenty-eight community
junior colleges. The major findings were:
1. There has been no standardized insurance program for the
community junior colleges in Florida.
2. There has been no standardized method of purchasing insurance
for these same colleges.
3. Insurance carriers provided a multiplicity of services.
4. Insured perils are divided into three categories; direct
damage, third party damage, and personal damage.
5. Florida's community junior colleges experienced a 14.13 per
cent cost-loss ratio during the five years studied.
Based on the findings of this study, a prototype insurance program
should be developed for the entire community junior college system.
A state operated insurance-broker arrangement or a state-supported self-insurance
program for all properties and contents is deemed feasible based upon the cost-loss ratio determined for the period of the study.
The establishment of such a program should provide considerable economies
in insurance premiums for the twenty-eight District Boards of Trustees.