Restated Articles of Organization
of the Western Risk and Insurance Association
ARTICLE 1. The name of the Association shall
be The Western Risk and Insurance Association.
ARTICLE 2. The period of existence of the Association
shall be perpetual.
ARTICLE 3. The purpose of the Association shall
be as follows.
- To promote education in risk and insurance.
- To encourage research in the field of risk and insurance.
- To publish such materials on risk and insurance as may from
time to time seem appropriate in furthering the general purposes
of the Association.
- To provide an open forum for scientific discussion of any
matter relating to risk and insurance.
- To cooperate with other organizations, both domestic and
foreign, interested in furthering risk and insurance education
In pursuit of its purposes, the Association will
take no position as an organization on any problem affecting the
insurance industry other than in the area of insurance education
and research, nor will it be responsible for any expression of
opinion by any of its members.
ARTICLE 4. Location of the principal office shall
be the College or University of the Secretary-Treasurer.
ARTICLE 5. Membership.
- Any person or organization interested in education or research
in risk and insurance may, by making application and paying
the appropriate dues, become a member of the Association.
- The membership shall be divided into two primary classes:
(a) Voting members, who shall be entitled to all the rights
and privileges of membership, including specifically the right
to vote in any election or on any question properly brought
before this Association and the right to hold office in the
Association. (b) Nonvoting members, who shall have the rights
and privileges of membership excep the right to vote and to
hold elective office.
- (a) Voting members. Any person who, at the time of an election,
is a fully affiliated faculty member of a degree granting
accredited college or university, and who is (i) offering
for degree credit one or more courses devoted entirely to
risk or insurance, or (ii) is engaging in research relating
to risk and insurance, shall be eligible for membership as
a voting member. A person shall be considered fully affiliated
with a college or university when such person makes the institution
the center of his or her educational research and professional
effort, and the affairs of the institution primarily determine
the employment of his or her time and talents. (b) Nonvoting
members. All other persons eligible for membership shall be
eligible only as nonvoting members.
- For any purposes other than determination of the right to
vote or to hold office in the Association, further Classifications
of membership may be established by the Bylaws of the Association.
ARTICLE 6. Board of Directors and Officers.
- There shall be a Board of Directors with full authority
to act on behalf of the Association in any matters not reserved
to the membership in the Articles of Organization or Bylaws
and which are necessary or incidental to effecting the purposes
of the Association. The Board of Directors shall consist of
the elected officers, the immediate Past-President, the Editor
of the Journal of Insurance
Issues, and at least one additional member.
- The Association shall have the following elected officers:
a President, a President-Elect, a Vice-President, and a Secretary-Treasurer.
- The Editor of the Journal of Insurance Issues shall be an
officer appointed by the Board of Directors, according to
the procedures specified in the Bylaws of the Association.
ARTICLE 7. Standing Committees. The Association
shall have such standing committees as may be prescribed in the
ARTICLE 8. Nominations and Elections. The procedures
for affecting nominations for offices and the conduct of elections
shall be set forth in the Bylaws.
ARTICLE 9. Meetings. At least one meeting of
the Association for the purpose of transacting business and such
other purposes as may promote the objectives of the Association
shall be held each year, the time and place of which shall be
determined as provided in the Bylaws.
ARTICLE 10. Dissolution. In the event of dissolution
of the Association, all of its assets, after payment of its debts
and liabilities, shall be made to: American College of Life Underwriters,
Bryn Mawr, Pennsylvania, and the American Institute for Property
and Liability Underwriters, Inc., Bryn Mawr, Pennsylvania, to
share equally, for use in meeting and fulfilling the educational
and research purposes as they have or may determine.
ARTICLE 11. Amendments.
- The Articles of organization may be amended by submitting
the proposed amendment, signed by at least two-thirds of the
members of the Board of Directors or ten voting members of
the Association, to the voting members of the Association
by mail. The voting members shall either ratify or reject
the amendment by a written communication to the Secretary-Treasurer
of the Association. The amendment shall be deemed ratified
and effective only if two-thirds of the votes received within
one month of the date on which the copy of the amendment is
forwarded to the voting members are in favor of such amendment.
- The Bylaws may be amended by submitting the proposed amendment,
signed by at least two-thirds of the members of the Board
of Directors or ten voting members of the Association, to
the voting members of the Association by mail. The voting
members shall either ratify or reject the amendment by a written
communication to the Secretary-Treasurer of the Association.
The amendment shall be deemed ratified and effective only
if a majority of the votes received within three weeks of
the date on which the copy of the amendment is forwarded to
the voting members are in favor of such amendment.
Bylaws of the Western Risk and
I. CLASSES OF MEMBERS
- Voting members of the Association shall be divided into
(a) Active members, who shall comprise all voting members
except those classified as retired members.
(b) Retired members, who shall comprise those voting members
who shall have been voting members for five consecutive years
preceding their retirement. The Secretary-Treasurer of the
Association shall determine the adequacy of proof of such
- Non-voting members of the Association shall be divided into
(a) Associate members: Any person not eligible for voting
membership who is involved on a full-time basis in education,
research, business, or governmental activity relating to risk
and insurance shall be eligible for membership in the Association
as an associate member.
(b) Student members: Any person not eligible for voting membership
or associate membership who is enrolled as a graduate student
in a degree granting accredited college or university and
who is pursuing graduate study or research in insurance toward
a graduate degree shall be eligible for membership in the
Association as a Student member.
(c) Institutional members: Any insurer, any association of
insurers or those engaged in the insurance business, and any
business corporation or partnership with a special interest
in insurance shall be eligible for membership in the Association
as an institutional member.
(d) Honorary members: Any person whose activities have contributed
substantially to the advancement of education in risk and
insurance may, upon recommendation of the Board of Directors,
be elected to honorary membership in the Association by a
majority vote of the voting members at the time of and in
the same manner as provided for election of officers.
II. STANDING COMMITTEES
- There shall be an Annual meeting Program Committee. This
committee shall consist of the Vice-President as chairperson
and such additional members as the President may appoint in
consultation with the Vice-President. The duties of this committee
shall be to assist the Vice-President in planning and directing
the program of the annual meeting.
- Journal of Insurance Issues Awards Committee. The President,
with the advice and consent of the Board of Directors, shall
appoint a committee to designate the recipients of any Journal
of Insurance Issues awards which the Association may wish
to present; provided, however, that their designation shall
not be considered final if two-thirds of those voting at the
Board of Directors meeting, called upon to accept the committee
choice, do not concur with the committee's designation.
III. OTHER COMMITTEES
The President with the approval of the Board
of Directors shall have the power and duty to appoint such other
committees as are necessary or desirable in carrying out the purposes
of the Association. Where such other committee is to consider
an award to be made by the Association, selection of the recipient
is not to be considered final until approved by the Board of Directors.
IV. ELECTIONS AND ELECTION PROCEDURE
- An election of officers and least one other member of the
Board of Directors shall be held each year. The President,
President-Elect and Board members who are not officers shall
be elected for a term of one year each. The Vice President
and Secretary-Treasurer shall be elected for a term of two
years each. Terms of office begin at the close of each Annual
Meeting, but each officer and Board member shall hold office
until his or her successor is elected and qualified. No elected
officer shall serve for more than two consecutive years in
the same office.
- The Board of Directors shall make nominations for the offices
and Board member positions to be elected in a particular year
and shall announce the nominations at the Annual Meeting.
Additional nominations may be made by any voting member of
the Association in attendance at the Annual Meeting.
- Balloting shall take place at the Annual Meeting in a manner
specified by the Board of Directors. All elections of officers
and members of the Board of Directors shall be determined
by a plurality of votes cast.
- Vacancies in the elected offices of the Association or on
the Board of Directors, which shall occur between annual meetings,
through death, disability, resignation or otherwise, shall
be filled for a term continuing only until the next regular
election by a majority vote of the members of the Board of
Directors, except that the President-Elect succeed the President
and the Vice-President shall succeed the President-Elect.
- Meetings of the Association shall be held at such times
and places as may be determined by the Board of Directors.
However, if the general time period of a proposed meeting
is different from the last preceding meeting, at least three
months advance notice must be given.
- A majority of voting members registered shall constitute
a quorum for the transaction of business at the annual meeting.
Ten voting members shall constitute a quorum for the transaction
of business at other meetings provided thirty days advance
notice of any such meeting is given to the entire membership
of the Association.
- An agenda or program shall be prepared and mailed to all
members in advance of any meeting of the Association.
- The official publication of the Association shall be known
as the Journal of Insurance
Issues (the Journal). It shall be published at
least once a year as a medium for the interchange of research,
information, and ideas of value to the Association. The Journal
shall include, but not be limited to, works dealing with theory,
empirical study, implications, applications, and practices
as they affect the fields of insurance, risk management, financial
planning, and employee benefits. Its contents should be of
value to undergraduate and graduate classroom teachers, to
practitioners, and to pure researchers.
- Ultimate control of the Journal shall reside in the membership
of the Association, which may choose to terminate the Journal
for whatever reason it deems satisfactory.
- The Editor of the Journal shall be appointed by the Board
of Directors for a three-year term, with the possibility of
a second three-year term upon the mutual agreement of the
Editor and the Board of Directors. To be eligible for appointment
and to continue as Editor, the person shall be a voting member
of the Association. The Board of Directors' decision to offer
or deny renewal of appointment shall be made not later than
the end of the second year of the Editor's first term, and
the Editor shall be notified of such decision at the earliest
reasonable time. The Editor shall be allowed not longer than
six weeks to respond with an affirmative response to an offer
to renew the appointment. Lack of affirmative response shall
be construed as a refusal of the offer, and the Board of Directors
shall proceed to seek a replacement Editor.
- The Board of Directors by simple majority vote shall have
the power to remove the Editor. Appointment to replace an
Editor removed or resigning before the end of a three-year
term shall be the sole decision of the Board of Directors,
and shall be merely to complete the three-year term of the
Editor so replaced. The partial term of the new Editor so
selected shall not be included in the two-term limit of that
- The Associate Editors Of the Journal shall be appointed
by the Editor for three-year terms, staggered so that an equal
number of the new Associate Editors shall be appointed and/or
reappointed each year. To be eligible for appointment and
to continue as an Associate Editor, a person must be a voting
member of the Association, in good standing. The Editor shall
have the power to remove any Associate Editor. The Editor
is encouraged to respect the appointments of the previous
Editor and allow all Associate Editors to complete their three-year
Appointments of an Associate Editor removed or resigning before
the end of a three-year term shall be the sole decision of
the Editor, and shall merely complete the three-year term
of any Associate Editor so replaced.
Associate Editors are not limited with regard to the number
of terms, consecutive or otherwise, that they may serve.
- Other publications on insurance and related subjects may
be issued in such form and at such times as may be determined
by the Board of Directors of the Association.
- Annual dues shall be fixed by the Board of Directors and
shall be billed for the fiscal years. Dues may be fixed at
different amounts for members of the different classes into
which membership may be divided.
- The Board of Directors is authorized to accept such gifts
and contributions as will, in its judgment, contribute to
attainment of the objectives of the Association and not involve
the Association in any obligation to the donor.
- The Board of Directors is authorized to incur and the Secretary-Treasurer
to pay the necessary expenses of conducting the affairs of
the Association. Any compensation to any officer or member,
beyond the necessary expenses incurred in the conduct of his
or her office of work for the Association, shall require the
approval of at least two-thirds of the Board of Directors.
Travel expenses incurred by an officer or member of the Board
of Directors in attending the annual meeting of the Association
shall not generally be deemed necessary expenses of said offices.
- The Board of Directors is prohibited from incurring any
obligations for the Association greater than the sum of the
uncommitted funds on hand and the estimated income of the
Association for the remainder of the fiscal year at the time
such obligations are under consideration.
VIII. DUTIES OF OFFICERS
- The President shall preside over the Annual Meeting and
shall chair meetings of the Board of Directors. The President
shall coordinate the responsibilities of the other officers
and members of the Board of Directors and shall appoint necessary
committees, including the annual Hardigree
- The President-Elect shall serve as assistant to the President
and shall perform such duties as are assigned by the President,
including service as acting President in the event that the
President is unable to carry out his or her regular duties.
- The Vice-President shall serve as Chairperson of the Annual
Meeting Program Committee and shall be charged with the function
of organizing and directing the Annual Meeting, including
negotiating all arrangements with appropriate hotels.
- The Secretary-Treasurer shall: (a) maintain the membership
roster for the Association; (b) accept dues and other income
and provide for its safekeeping; (c) keep the files of correspondence
and official records; (d) take minutes of all meetings; (e)
supervise on-site registration at the Annual Meeting; (f)
distribute a membership list to the WRIA Board of Directors,
showing the status of paid and unpaid memberships for the
prior two years; and (g) give financial reports at the Annual
Meeting and at meetings of the Board of Directors.
- The Editor shall be in charge of the publication of the
of Insurance Issues performing such activities
as are normally associated with the duties of an editor. He
or she shall be assisted in the performance of these functions
by the Associate
Editors, who shall also advise the Editor on
matters of editorial policy. In addition, The Editor shall:
(a) name the annual JII
Distinguished Reviewer(s) at the annual meeting immediately
following the end of each calendar year; (b)provide an Editor's
Report to the WRIA Board at the annual Board of Directors's
meeting; (c) maintain the database of library subscriptions
and collect library subscription fees, to be forwarded to
the WRIA Secretary-Treasurer.