Since 1994, most of the IUC Universities have purchased their group property and casualty insurance on a group basis. The IUC-Risk Management Insurance Consortium (“RMIC”) formalized their pooling in 2006 and created the Board of Governors. The Board of Governors comprises representatives from each University (excepting The Ohio State University) and is the decision-making body for insurance issues of the group programs. There are four committees that report to the Board of Governors: Risk Management; Risk Control; Claims; and Finance, Audit and Investment. Risk Management and Risk Control have representation from each University. In 2015, the consortium was incorporated as a 501c3 non-profit corporation.. Board of Governors Each Member University acts through its respecti