FAQs

TEE Risk Management is a 501(c)(3) nonprofit, member-governed insurance risk pool established exclusively for Texas public school districts and charter schools. The program provides a comprehensive, all-lines coverage structure specifically designed for public education risks.

Unlike commercial insurance carriers, TEE Risk Management operates solely for the benefit of its members. Any financial surplus is retained within the pool and reinvested to strengthen reserves, stabilize future rates, and enhance services—rather than distributed as corporate profit.

TEE Risk Management is supported by experienced partners with deep expertise in Texas public education risk:

• Insurance One serves as the retail broker and risk consultant, providing local account management through offices across Texas.
• IPMG serves as the third-party administrator (TPA), delivering claims administration, loss control, safety training, and compliance services.

These partners collectively bring decades of experience serving Texas school districts and public entity risk pools.

No. Like other Texas public school risk pools, TEE Risk Management is not required to register with the Texas Department of Insurance.

However:

• Insurance One maintains all required Texas Department of Insurance licenses as a retail broker.
• IPMG is fully credentialed and nationally licensed to administer claims and provide risk management services for governmental entities.

Neither Insurance One nor IPMG has been subject to administrative penalties, consent orders, lawsuits, or adverse regulatory actions within the past five years.

Financial strength and sustainability are foundational to the TEE Risk Management model.

Key safeguards include:

• Organization as a nonprofit interlocal risk pool under Texas law
• Governance and financial oversight by participating member districts
• Independent actuarial analysis and reinsurer due diligence
• A $250,000 per-occurrence self-insured retention (SIR)

All property lines are placed with AM Best A-rated carriers, providing assurance of financial solvency and claims-paying ability. Losses above the SIR are transferred to highly rated national and global reinsurance carriers, ensuring catastrophic events are absorbed by financially strong partners rather than individual districts.

The pooling agreement expressly prohibits retroactive assessments or “clawbacks,” protecting member districts from unforeseen liabilities.

Yes. All property coverage placed through TEE Risk Management is written with AM Best A-rated carriers.

In addition:

• Excess and catastrophic losses are fully transferred to highly rated reinsurance partners
• Carrier and reinsurer participation is subject to actuarial review and financial due diligence
• Financial ratings are reviewed as part of ongoing program oversight

This structure ensures that significant losses are supported by financially sound insurance and reinsurance partners, reinforcing long-term stability for member districts.

TEE Risk Management provides a comprehensive, all-lines coverage package tailored to Texas public schools, including:

• Workers’ Compensation
• General Liability and Automobile Liability / Physical Damage
• Property (including wind, hail, and catastrophic storm coverage)
• Cyber Liability
• School Board Legal Liability (SBLL)
• Educators Legal Liability (ELL)

Policy forms are ISO-based and include public-entity endorsements. Deductibles, limits, and aggregates are structured to align with peer districts of similar size and exposure.

Pricing is actuarially modeled for long-term stability rather than short-term market volatility.

Member districts receive:

• Transparent, fixed premium invoicing
• No mid-year pricing adjustments
• No retroactive assessments

This pricing methodology mirrors practices successfully used by IPMG in other long-standing school district risk pools.

All claims are administered by IPMG, a nationally recognized TPA with more than 30 years of experience serving school districts and public entities.

Key features include:

• Claims professionals specializing in Texas school law and workers’ compensation
• Typical resolution timelines of approximately:
  • 14 business days for most automobile claims
  • 30–45 days for property and workers’ compensation claims, depending on complexity
• Extremely low litigation rates in comparable risk pools

Members have full access to a secure, web-based Risk Management Information System (RMIS) that provides real-time visibility into claim status, reserves, payments, and loss trends.

TEE Risk Management offers a depth of services beyond insurance coverage, including:

• Loss Control & Safety Training
  Online and onsite training aligned with OSHA and state standards, including facility inspections, athletic and playground risk audits, fleet safety reviews, and employee safety programs.
• Risk Consulting & Legal Coordination
  Claims oversight, subrogation management, and coordination with experienced public-entity legal counsel.
• Local Account Support
  Dedicated Texas-based account management through Insurance One, supported by 24/7 claims reporting through IPMG.

TEE Risk Management is governed directly by its member districts. Participating districts have a voice in underwriting standards, pricing priorities, and long-term strategic direction.

Early participants benefit from founding-member status, allowing them to help shape governance and financial policies while establishing long-term rate stability.

While TEE Risk Management is newly formed, its structure is built on proven experience:

• IPMG currently serves over 225 public entities nationwide, including multiple established school district risk pools
• Insurance One brings decades of Texas education-sector experience
• Actuarial modeling, carrier selection, and reinsurance structures reflect industry best practices

The result is a program that combines new governance with tested methodology, experienced partners, and conservative financial protections.

No. TEE Risk Management offers each coverage line as a stand-alone option. Districts may purchase only the products that best meet their specific needs and budget, without being required to bundle multiple coverages. This flexible structure allows schools to tailor their risk management program while maintaining transparency and local control.

No. TEE Risk Management does not require multi-year participation commitments. Districts retain the ability to evaluate coverage and pricing on an annual basis, ensuring continued alignment with changing financial conditions, operational needs, and board priorities. Participation is based on value and service, not long-term contractual obligation.

No. Texans for Excellence in Education (TEE) and TEE Risk Management are separate nonprofit organizations, and membership in TEE is not required to participate in TEE Risk Management. Many districts participating in TEE Risk Management are not members of TEE.