The Commission on Finance and Insurance is a standing Commission of the American Academy of Family Physicians as provided for in the AAFP By-Laws (Chapter XV, Section 1). It reviews various matters of the Academy both as routine charges of the Commission and upon referral from the Board, other commissions / committees or the Congress of Delegates. Commission members gain a very thorough understanding of academy structure and function by review and participation in the budget process. All actions of the Commission (except for the Member reimbursement policies) are referred to the Board of Directors for final action. Responsibilities that fall under the commission’s scope of work include:
Commission Membership and Terms
The Commission consists of 9 members plus the Board Liaison. Members are appointed by the Board of Directors to serve a four year term. The Chair of the Commission is also selected by the Board of Directors and may be either a current member of the Commission serving the last year of their term or a member of the Commission whose term is expiring.
The Executive Committee of the Commission is selected by the Chair of the Commission each year and functions in place of the Commission when matters require action and it is impractical to assemble the entire Commission.
The Commission meets once a year at the Academy’s headquarters, normally in April. Each meeting is normally two to two and a half days long (Friday and Saturday, sometimes Sunday morning). Agendas are provided approximately a week in advance of the meeting for review and preparation for the meeting. A new member orientation is held at the beginning of the meeting.
The Commission also meets virtually in July and November to review the year-to-date investment results and other Commission business. Infrequently, the Commission or its Executive Committee may have the need for another conference call to discuss various issues.
The Chair of the Commission also attends a day and half budget review session held at the Academy’s headquarters each spring.
The Commission on Finance and Insurance establishes reimbursement policies for commission and committee members. Members are currently reimbursed as follows:
Additional detail on reimbursement policies is included in the commission member orientation manual.
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