University Foundation at Sacramento State AgendaPacket UFSS Board Meeting 2026-05-14
Foundation Renews CSURMA AORMA Insurance Participation
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Description
The University Foundation at Sacramento State Board will approve execution of a revised participation agreement with the California State University Risk Management Authority to continue coverage under the AORMA liability, property, and crime programs. The agreement, effective July 1, 2026, formalizes ongoing insurance participation and related financial obligations under CSURMA’s joint powers framework.
Contract Details
Vendor
CALIFORNIA STATE UNIVERSITY RISK MANAGEMENT AUTHORITY CSURMA
Agency
California State University-Sacramento, CA
Contract Type
INSURANCE
Document Date
May 14, 2026
Contract Term
Program Year July 1 to June 30; Amended Participation Agreement effective July 1, 2026; minimum participation three full program years
Renewal Date
2029-06-30
Renewal Info
Amended Participation Agreement supersedes the prior participation agreement and renews coverage for AORMA Liability, Property, and Crime programs. Participation is for program years running July 1–June 30, with a minimum participation of three full program years and six months’ notice required for withdrawal.
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