Associations Capella Pension Governmental Pools SDPAA Service Products FAQs Applications

Hagan Benefits, inc. / Governmental Pools / SDPAA FAQs Q: Why was the pool established? A: SDPAA was established to address the dual problems of availability and affordability by providing political subdivisions with broad, cost-effective coverage. This was done at the request of public entities across the state of South Dakota.   Q: What law governs pooling? A: South Dakota Joint Exercise of Governmental Powers Law - Chapters 1-24, authorizes public agencies to enter into agreements to jointly exercise common authority power, including self-insurance pooling.   Q: Who is eligible to join? A: Any political subdivision in South Dakota is eligible to apply. Participants must be approved by the Administrator.   Q: What coverages are provided? A: Coverages provided are: General Liability Automobile Liability Automobile Physical Damage Public Officials Liability Law Enforcement Liability Property, Inland Marine, Boiler & Machinery, Crime coverage Q: What are the advantages of pooling? A: The advantages of pooling are: Better Coverage. Coverages are specialized for and geared to exposures faced by governmental entities. Stability. Pooling is not subject to the market whims of the standard insurance market. No taxes or fees. Profits belong to members of the Pool. Members are able to participate in claims handling. Flexibility of coverage forms. Emphasis on Loss Control, including on-site surveys, Safety Committee Set-up. Training and Education, including Defensive Driving Courses by certified instructor. Video Library. Funds are invested in the State of South Dakota, rather than going to an insurance company's operations and stockholders.

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