Letters of Commitment

Each member company signs a letter of commitment to ensure the investment options offered to Florida educators maintain the high standards set by the Model Plan, consistently throughout the state. This letter outlines all criteria and assures the company will adhere to them.

By signing the letter of commitment, the Model Plan companies pledge to:

  • Certify that they do not exceed the maximum pricing structure in any Florida school district.
  • Offer this favorable pricing structure to all districts, regardless of size.
  • Automatically upgrade plans when enhanced products become available.
  • Ensure that representatives agree to sell only the products approved for the Model Plan (no bait and switch).
  • Provide a detailed plan to convert existing contracts with the districts to the Model Plan, thereby creating immediate benefits for current participants.
  • Guarantee rates for three years. IBC’s consultants regularly review financial data; if they find that a company’s proposed fees for subsequent years are excessive, the consultants may recommend eliminating the company from the Model Plan.

View the letters of commitment from each Model Plan company.