Insuring public school transportation in Mississippi
The purpose of the study was to examine the insuring of public school transportation in Mississippi and to determine if a more cost-effective method was available. This was accomplished by studying how other states insured school transportation and premium loss ratios. The study includes a review of the history and abolishment of sovereign immunity in Mississippi. The study examined how the school transportation fleet of Mississippi was insured, as well as examined how other states insured school transportation fleets. Premium-loss ratios for school districts in Mississippi, as well as the self-insured states of South Carolina, North Carolina, and West Virginia, were examined. Based on the findings of this study, it was determined that a combination of self-insurance and purchased insurance would be advantageous for the state of Mississippi. An example of the combination of self-insurance and purchased insurance plan was presented.