District Recommends Stop Loss Renewal with Sirius

Germantown Municipal School District’s Human Resources Department recommends renewing self-funded stop loss coverage with Sirius Point America Insurance through PERU for the 2026-2027 school year. Option #1 provides a $125,000 specific deductible with two lasers and a total annual premium of $1,357,588.08, reflecting a 15.79% increase in the specific premium from the prior year. Budget Amendment #1 updates the stop-loss premium account to match the new renewal rate.

Scope & details

The full contract record, as filed.

Contract amount

$1,357,588.08

Contract type

INSURANCE

Contract term

2026-2027 school year; stop loss specific deductible $125,000 with two lasers at $800,000 and $220,000

Renewal date

2027-06-30

Renewal

Renewal of existing stop loss policy with Sirius Point America Insurance through PERU for the 2026-2027 plan year, maintaining a $125,000 specific deductible but adding two lasers at $800,000 and $220,000. The annual specific premium increases by 15.79% and the aggregate premium slightly decreases; future renewals will likely be based on updated claims experience and participant counts.

Document type

AgendaPacket

Source document

Germantown Municipal School District AgendaPacket Board Work Session 2026-08-18

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by Germantown Municipal School District?

Sirius Point America Insurance Dba Peru was awarded this insurance contract by Germantown Municipal School District, as recorded on August 18, 2026. The contract value is $1,357,588.08.

How much is the Sirius Point America Insurance Dba Peru contract with Germantown Municipal School District worth?

The Sirius Point America Insurance Dba Peru contract with Germantown Municipal School District is valued at $1,357,588.08, covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Germantown Municipal School District AgendaPacket Board Work Session 2026-08-18 (AgendaPacket), dated August 18, 2026 from Germantown Municipal School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sirius Point America Insurance Dba Peru hold?

Sirius Point America Insurance Dba Peru may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Sirius Point America Insurance Dba Peru's profile

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