Masc Group Ins Trust

Beginning january 1, 2021, the maritime association of south carolina Group insurance trust (the trust) began providing Group health insurance and other welfare benefits to the employees of the maritime association of south carolina (Masc) member employers by issuance of one or more fully insured insurance policies.the trust program is overseen by an elected board of trustees (trustees). The trustees together with Masc perform all of the activities required to administer the trust and make decisions on the on-going operations of the trust in the best interest of the participants. Those activities include the following:-- the selection of insurance carriers, benefit plans and benefit levels in some situations; -- the selection and appointment of vendors including banking services, contract administrator, investment manager if needed, auditor, and attorney; -- the sales, and marketing of the program including the development of communication materials, and the use of outside sales agents if needed; and -- the general management of trust funds and assets.