The MSBA Insurance Trust (MSBAIT) was established by the Minnesota School Boards Association (MSBA) as a non-profit vehicle. Its purpose was — and continues to be — “to provide for its members and their employees and officials various forms of insurance, including any forms of permitted group insurance, for the benefit of school districts which are members of the MSBA and to effectuate cost savings in the procurement and administration of such insurance programs.”

 In 1972, MSBAIT offered only an endorsed property/casualty insurance plan for its members (endorsing Cigna/INA as the carrier). However, over the years, MSBAIT’s various Boards of Trustees listened to MSBA members, wisely judged the insurance climate and marketplace, and modified MSBAIT’s offerings as follows:

• 1979 = introduced the MSBAIT Group Self-Insured Workers’ Compensation Insurance Program, the endorsed National Insurance Services’ Long-Term Disability Insurance Program, and the endorsed National Union Fire Insurance Company’s School Leaders Errors and Omissions Liability Insurance Program;
• 1980 = introduced the MSBAIT Group Self-Insured Health/Dental Insurance Program and the endorsed National Insurance Services’ Group Term Life Insurance Program;
• 1986 = replaced the endorsed property/casualty insurance program with the MSBAIT Group Self-Insured Property/Casualty Insurance Program;
• 1991 = replaced the endorsed errors and omissions insurance program with the MSBAIT Group Self-Insured School Leaders Legal Liability Insurance Program;
• 1993 = introduced the MSBAIT Group Self-Insured Accident Plan for School District Volunteers and the endorsed Midwest Professional Services’ Employee Assistance Program;
• 1997 = discontinued the MSBAIT Group Self-Insured Health/Dental Insurance Program.
• 2009 = placed the MSBAIT Group Self-Insured Property/Casualty and Workers’ Compensation Insurance Programs in abeyance and endorsed Riverport Insurance Company’s Property/Casualty and Workers’ Compensation Insurance Programs.