Others: Lilly Cowan and Larry Crawford

The meeting was called to order at 9:55 a.m.

The minutes of the January 20^th meeting were approved as submitted.

Treasurers Report: Rick Lee went over the Treasurers Report pointing out that the Fire Essay exceeds this years budget because of the payment of last years Philadelphia contest in this years budget due to lateness of the expense reimbursement being submitted by Shiang Wu. Pete mentioned that the dues for the Loman Foundation membership will be due shortly and that Rick is to make sure we pay it on time in order to receive full credit towards this years Award submission requirements for that category. The Treasurers Report was approved as submitted.

I-Day Status Report: Pete reported that he had a meeting yesterday with Terry Macko (ISOP) and George Komelasky (IIAA of Phila. & Suburbs), our I-Day partners about the I-Day results and financing. The expected gross before ISOP's management fee for the last I-Day is approximately $7,700. The Partners had previously agreed that ISOP would be allowed to collect a management fee of up to $5,000 only to the extent that there was $5,000 or more in profits after all other expenses. Although ISOP, based on the results, could have charged $5,000, they agreed to $2,500 based on yesterdays meeting. Of the remaining $5,200, $4,500 will be divided three ways to the partners with each getting $1,500. The remaining balance will go to the I-Day surplus reserve. Terry Macko wanted to our opinion of a 2000 I-Day theme of" Fraud". There was no opinion generated either way and left it up to the I-Day committee to go with a theme. Terry had also wanted to know of the feelings toward a shortened I-Day, the current format, or a longer one. Pete would like to see the future I Day formats reviewed and consider the possibility of making it longer but with more emphasis on the number of seminars and those for which continuing ed credits are readily available. He said that he told Terry about the possibility of utilizing the Society's turnkey videotape programs that are virtually cost free and filed for CE credits. These could be used for extra seminars at I-Day and would not add much to the I-Day cost, yet are conducive to building attendance due to the CE credits and the additional I-Day seminar topics that can be offered.

Comments on today’s and future breakfast programs: In Ann’s absence Pete discussed today's breakfast program. Everyone agreed that it was very well done. For future meetings, "Fraud" will be the theme on April 20^th with speaker James Matsoukas of the Institutes, Marsha Egan, President of the CPCU Society is scheduled to speak on May 18^th, and on June 15^th Clint will give us an update on Road Rage, Aggressive Driving and Teen Driving.

Status of upcoming seminars: Cindy reported that there were about 15 signups for the March 1^st seminar on the new ISO Property Forms. Pete mentioned that an additional 2 people are registering after find the info on our Chapter website. There will be a seminar (Mathematics of Risk Management) scheduled at the Holiday Inn on May 8^th, and a Satellite broadcast (Banks in Insurance) on May 24^th.

Good Works - Special Olympics: Cynthia Gantz has not responded to Pete’s requests regarding the status of the May Philadelphia Special Olympics at Northeast High School. He sent her a letter he received from the Executive Director of the Philadelphia Special Olympics for review and input but he has not heard from her as of today's meeting.

Southern New Jersey movement for sub-chapter status: Pete discussed a letter he was copied on to Dorothy Muir from Ron Arthur of the Society responding to an inquiry from Dorothy concerning formation of a South Jersey subchapter. Pete mentioned that this is probably the 4^th time in 12-15 years that an attempt has been made to form a southern NJ chapter or subchapter. The problem is one of logistics with the members being spread geographically too far apart. In the past they could not even get people to attend a meeting to form a chapter. Pete will report developments as they occur, if any.

Golf scholarship outing update: Pete advised that Bill Mayo is still looking for some additional help on the committee. So far Art Hanebury and Rick Lee are on it. He specifically mentioned volunteers who work for insurers who could assist in securing donations or sponsorships from that segment.

Franklin Award: Jo announced that Ron Jarworski will be the speaker. The event will be held at the Double Tree and Bob Selzer is the recipient. The contract with the hotel has been delivered and everything is under control. Pete advised that a flyer was made part of the February Interim Chaptergram which is being mailed next week and a flyer will also appear in the regular March Chaptergram as well. A 3^rd and separate mailing will be done in February as a standalone flyer and the IIAA of Philadelphia & Suburbs is expected to also send a copy to their members.

Status of Research Projects: In Kathy’s absence Pete went over the status. He advised that Art Massi of Ohio Casualty wants to do a research project and Kathy is to call him to set up a meeting shortly in order to go over the particulars..

Status of Chapter Subsections: Cindy reported that on May 18^th there will be table top promotion for all section members. In addition, our June 15th meeting will be dedicated to Personal Lines section.

National Leadership Institute (NLI) June 8-10: Pete confirmed that Val, Clint, Ann, Lilly and he would be attending the conference. Lilly was approved by the board to attend. The Chapter will reimburse those expenses that the companies will not pick up. With few exceptions most of the attendees expenses will be covered by their company.

New Designees: Lilly sent a three page survey to 27 new designees and 10 transfer ins. She got back 7. Most people want to be involved in the Special Olympics. Lilly asked that the Board consider introducing the new designees, transferees and guest at the meeting. The Board agreed and Pete will make a point of doing it at the next meeting.

Mix and mingle meeting: Rina is working on doing a joint mix and mingle with the Casualty Underwriter’s Society. The facility requires $100 deposit which, since we are supplying the brunch, our proposed partner should pickup the cost. Jim Jones is trying to schedule it for the 3^rd week of April, before Easter, which will depend on availability of the facility.

Socials: Pete advised that Art was working on the possibility of putting together a mystery dinner theater gala for a social event. Pete gave him an actor/performers contact reference. Art is also researching a possible indoor paintball or family arcade type social.

Annual report and award status: In reviewing our status, Pete advised that so far we have 20 points of the 90 required for the gold status Award. Pete passed out an Excel spreadsheet and went over the requirements with the Board and updated them on the status. The Committee reports from ALL chapter chairpersons are due to the Chapter President (Pete) on or before the April 20^th meeting, the sooner the better. He will then get them over to the Board Secretary (Clint) who is responsible for preparing the Chapter’s awards submission report for submission to the Society who must receive the completed submission prior to June 1^st. It is critical that all deadlines be met and that committee work and objectives be finalized so that we are in position to apply for and receive all possible Chapter Awards. Val will assist in the Awards submission preparation.

Chaptergram: Pete reported that the regular 8 page March issue will be in the mail in a couple of weeks and reviewed the contents with the Board. Also, a February 2 page interim Chaptergram will be in the mail next week.

Nominating Committee progress update: Frank Mason is Chairing the Nominations Committee and will be in touch with all current Officers and Directors as well as other prospects being considered. Pete advised that there will be one position open for Officers and one to three director positions depending on who wants to remain on board. If anyone was considering not continuing to serve on the Board, now is the time to advise Frank of same. The Nominating Committee recommendations must be in by March 1 so that the Nominated slate can be mailed with the April breakfast flyers. Election will take place on April 20^th..

Other Committee Reports: Val commented on an alternative Essay Contest. She and Marie Friedman are going to try to sponsor an essay contest on ethics through a local school newspaper.

Next regularly scheduled meeting is April 20^th. However there will be a mini-session at the Franklin Award luncheon on March 23^rd during the cocktail reception.