Master Property Program
The Master Property Program (MPP) is a regional collaborative venture that provides comprehensive property coverage, specifically tailored to the needs of today’s college campuses, while reducing insurance costs and improving asset protection. The Program was established in 1994 upon recommendation of MHEC’s Risk Management Committee. The Program has generated more than $56.5 million in savings for its participating institutions since its inception.  The program is currently underwritten by Lexington (AIU), with administration led by Marsh and supported by Captive Resources, Inc. under the direction of a leadership committee representative of the insured institutions. Membership includes over 100 campuses (48 members) with total insured values of over $73.1 billion.

The Master Property Program is overseen by the Master Property Program Committee, composed of representatives from each of the participating institutions, and its Leadership Committee. The Master Property Program meets annually to review programmatic issues and to approve major policy changes and activities. The Leadership Committee directs the major operations of the program, overseeing the development of program policies, premium allocations, new program membership, and selection of program administrators and insurance underwriters. The Leadership Committee meets four times a year or as-needed to review and discuss program issues.

In June 2004, MHEC's Executive Committee on recommendation from the MPP Oversight Committee approved an agreement with the Western Interstate Commission for Higher Education (WICHE) to make the program available in the WICHE region. Likewise, a June 2009 agreement between MHEC and the New England Board of Higher Education (NEBHE) makes the program available to the institutions in New England.  The insured institutions will consider participation of institutions outside of MHEC states on a case-by-case basis.
 
For further information on either of these programs, contact Rob Trembath at 612-624-1812.