Board of Directors Meeting Summary

On March 30, 2022, the Surplus Lines Stamping Office of Texas held their Audit & Finance Committee meeting pursuance to code 2(c)(10) of SLTX’s Plan of Operation. The committee discussed agenda topics including approval of the previous meeting minutes, discussion regarding the 2021 Annual Financial Audit Review, 2022 Finance YTD update, Reserve Balance review, Investment and Cash Management Policy Annual Review, and discussion regarding the Annual Stamping Fee analysis.

On March 31, 2022, the Stamping Office Board of Directors held their first annual meeting of the year. The meeting was held in person and via teleconference. The board discussed various topics on the agenda including welcome of the newest board members, approval of previous board minutes, Finance & Audit committee discussions, Annual Plan of Operation review, Executive Director update, Operations Department update, IT Department update, and the Election of 2022 officers and their committee appointments.

This is a broad summary of the meeting and not intended to reflect official meeting minutes or detail the scope of any actions taken by the board. Once minutes are reviewed and approved by the Board, they will be added to the website under board minutes.

The dates for the next Audit & Finance Committee meeting and Board of Directors meeting are to be announced. As always, board meetings are available to the public, and information will be posted as they are announced.