Roles & Responsibilities

Tribal Association of Global Insurance Commissioners, Inc.

Roles and Responsibilities of Board Members and Officers

TAIC Global, Inc. is a regular, or C, corporation. It was formed in 2019 pursuant to tribal law of the Sac & Fox Nation. The Board of Advisors is a governing board with legal and fiduciary responsibility to the organization. We prefer Board Members/Advisors with insurance experience, and welcome Native Americans.  If you are both Native American and have experience in the business of insurance, you will be positioned to contribute additional value to both TAIC and Indian Country. Board members are expected to discharge their duties in good faith, in a manner in which he or she reasonably believes to be in the best interest of the corporation, and with such care, including reasonably inquiry, skill and diligence, as a person of ordinary prudence would use under similar circumstances.

Mission Statement

The mission of TAIC Global, Inc. is to assist the tribal insurance regulators, at both the tribal and industry levels, in serving Indian Country, while protecting the public interest; promoting market harmony; ensuring fair treatment of insurance consumers; promoting reliability, solvency, and financial stability of insurers and reinsurers; and advancing tribal regulation of insurance. As a self-regulating organization, TAIC Global, Inc. seeks to promote confidence in tribal regulation of insurance, while advancing tribal economic security and self-determination.

Duties of Board of Advisors

I. Recognition of the Mission

Members of the Board of Advisors are expected to understand and support our mission, serve as ambassadors for us, and lend advice and expertise to our leadership. Board members should be familiar with the following:

1. Our mission statement, program areas, and strategic plan.

2. The basic staffing and structure of TAIC Global, Inc.

II. General Oversight

Although the Board of Advisors is not expected to make operating decisions, it must perform certain critical oversight functions, in addition to those listed above.:

1. Annually evaluate the company’s Executive Committee officers, including 

President, Secretary, Treasurer, and any Vice-Presidents;

2. Recruit and acclimate members of the Board of Advisors

3. Create and implement Board procedures

4. Annually review the performance of the Board of Advisors

5. Ensure compliance with and periodically update the organization’s Bylaws

6. Provide strategic direction, which includes regular reviews of the 

organization’s mission, vision and values, and active maintenance and delivery 

on strategic plans

7. Provide oversight regarding legal contracts and concerns

8. Formulate policies

9. Advocate for and promote TAIC Global, Inc.

III. Fiscal Oversight

The Board of Advisors must provide board fiscal oversight, including the adoption of an annual budget, quarterly review of revenue and expenses, and review of tax forms and audits. Board members are expected to serve in a fiduciary capacity, utilizing their judgment and discretion for the benefit of TAIC Global, Inc.

IV. Membership and Development

As a for-profit corporation, sales and devilment are vital to our success. One of the most important functions of the Board is to assist and oversee our sales and regulatory efforts. Consistent with this, all Board members are expected to do the following:

1. Identify and evaluate prospects, cultivate and solicit members, actively

 support development programs, and offer personal acknowledgments to

members and others.

2. Provide leadership, contribute ideas and actively advocate for the membership 

sales, regulatory and development efforts of the organization.

V. Involvement in Meetings, Committees and Events

Board members are expected to actively participate in Board Meetings and serve on at least one Board Committee. Board Members are strongly encouraged to attend our public events.

VI. Officers

Officers of the Board of Advisors are expected to fulfill the responsibility of a Board Member, in addition to the specific responsibilities of the Office position held.

Chair: The Board Chair is expected to provide leadership to and manage our Board of Advisors and Executive Committee, ensuring that our Board fulfills its legal and financial obligations and individual Board Members fulfill their Board responsibilities. The Board Chair facilitates communication and decision-making within the Board. Specific responsibilities include, but are not limited to:

1. Convening and facilitating Board and Executive Committee Meetings

2. Providing accountability regarding attendance, assignments, and other 

individual Board Member commitments

3. Ensuring the recruitment and orientation of new Board Members

4. Maintaining regular contact with the Executive Director and being available

as needed

5. Ensuring annual evaluation of the Executive Director and Board

Vice-Chair: The Board Vice-Chair is expected to provide leadership to our Board of Advisors, ensuring that our Board fulfills its legal and financial obligations and individual Board Members fulfill their Board responsibilities. The Board Vice-Chair serves as a member of the Executive Committee and supports the Board Chair in his or her Board leadership. Specific responsibilities include, but are not limited to:

1. Fulfill the roles and responsibilities of the Chair in the case of his or her 

inability or absence

2. Fulfill the roles and responsibilities of the Secretary in the case of his or her 

inability or absence

Secretary: The Board Secretary is expected to establish and oversee sound practices for documentation and effective procedures for Board communications. The Board Secretary serves as a member of the Executive Committee. Specific responsibilities include, but are not limited to:

1. Overseeing the recording and distribution of Board and Executive Committee 

meeting minutes

2. Keeping records of all official Board communications (including but not  

limited to Board Meeting Minutes) and official and/or legal organizational 

documents, such as Bylaws

3. Ensuring Bylaws, Articles of Incorporation and other key documents are

 up-to-date, and that Board Resolutions are integrated

4. Signing organizational documents as needed

Treasurer: The Board Treasurer is expected to provide financial oversight and monitor the financial health of the organization. The Treasurer serves as a member of the Executive Committee and chairs our Finance Committee. Specific responsibilities include, but are not limited to:

1. Overseeing, in coordination with the Executive Director:

a. The creation, presentation and monitoring of the annual budget

b. The timely and accurate completion of the organization’s tax forms

 and annual audit

c. The creation and distribution of financial reports prior to Board 

Meetings

2. Presenting financial information to the Board and being available for

 Questions

3. Monitoring compliance with financial policies and procedures; suggesting

 changes and new policies as needed

4. Providing regular financial oversight and alerting the Executive Committee

 immediately if concerns arise

VII. Student-Level Advisors

College students are encouraged to seek a position on our Board as a Student-Level Advisor. Coaching and training are given by Student and Officer team-up matching.

VIII. Graduate-Level Advisors

College graduates and or current Graduate students are encouraged to seek a position on our Board as a Graduate-Level Advisor. Coaching and training are given by Graduate and Officer team-up matching.

IX. Indian Recruitment Preference

This is a corporation focused on development of the business of insurance in Indian Country. We prefer to recruit Indians who share our vision and passion for economic security and self-determination of Indians. As we are a global corporation, which serves indigenous communities everywhere in the world, we do not limit our recruiting efforts to any particular country or region. Therefore, we do not include “Native American” in our recruiting materials, as that would be limiting and misleading. In the context of recruiting for a position, “Indian” is a political term, not a racial term, and Congress has promoted tribal self-government. New Mexico v. Mescalero Apache Tribe, 462 U.S., at 332, 103 S.Ct., at 2385; Merrion v. Jicarilla Apache Tribe, 455 U.S., at 138, n. 5, 102 S.Ct., at 902, n. 5; White Mountain Apache Tribe v. Bracker, 448 U.S., at 143-144, and n. 10, 100 S.Ct., at 2583-2584 and n. 10; Morton v. Mancari, 417 U.S. 535, 551, 94 S.Ct. 2474, 2483, 41 L.Ed.2d 290 (1974); Williams v. Lee, 358 U.S., at 223, 79 S.Ct., at 272.

X. Time Commitments

As a start-up corporation, we anticipate the Board of Advisors will meet twice per year, then as many as four times per year once fully established. Meetings can be expected to be remote at first. Annual Meetings may be remote at first, with the plan to be at various Indian resorts once established. Board Members are expected to attend at least fifty percent of the scheduled Board Meetings. For years 2021 through 2022, Board Members are expected to spend somewhere between 6 and 12 hours total on Board activities. For years 2023-2025, that can expect to be doubled. For 2026 and beyond, Board Members should expect to commit roughly five hours per month to Board activities.

XI. Compensation of Board Advisors

As a start-up corporation, we anticipate all Board Members to be volunteers at first. Once established, we anticipate offering a per-meeting compensation plan. No Board position is full-time. Each Board Member is expected to have some other pursuit that occupies most of their time, such as a full-time job, school, or other pursuit. An exception to being a volunteer is made for the Board Secretary, who spends time sending out meeting notices, coordinating calendars to accommodate the schedules of all Board Members, preparing Meeting Agendas, Resolutions, and Minutes, and other time-sensitive and time consuming tasks. 

XII. Length of Terms

By agreeing to serve, a member of the Board of Advisors agrees to participate in one (1) term with a length of one (1) year. A Board Member may serve four (4) consecutive one-year terms for a total of four (4) years.

After serving four consecutive terms, a Board member must rotate off the Board for one year. During this time, he or she may choose to still participate in Board committees but will not be part of the formal Board of Advisors. After a one-year hiatus, the member may reapply to the Board of Advisors.

I understand and have read the terms of the TAIC Global, Inc.’s Board of Advisors and Officers Roles and Responsibilities. I am committed to fulfilling these duties.