Derek Hughes/NAPSLO Educational Foundation Scholarships

In 1998, the Derek Hughes/NAPSLO Educational Foundation established the scholarship program for students pursuing an insurance or business related program of study.  The purpose of the scholarship program is to further the study of insurance and encourage, support, and reward those exceptional students who have an interest in an insurance career.

Previous recipients are eligible to receive the scholarship in subsequent years, but must reapply each year.  Students may download an application online and return all requested information to NAPSLO by fax at 816-741-5409 or send directly to the NAPSLO office at the below address.

Scholarship Committee
Derek Hughes/NAPSLO Educational Foundation
200 NE 54th St, Suite 200
Kansas City, MO 64118

To view a list of the 2009 Scholarship Recipients, click here.

In order to be eligible for this Scholarship, students must:

Be enrolled or accepted for enrollment in an undergraduate or postgraduate degree program, majoring in Actuarial Science, Business, Economics, Finance, Insurance, Management, Risk Management, or Statistics. Majors must be related to a career in insurance.

Have a GPA of 3.0 or above.  Entering freshmen must rank in the top 25 percent of their high school class or have a GPA of 3.0 or better.

Complete and submit the scholarship application form, including a personal statement of career objectives, academic accomplishments, and pertinent extracurricular activities, as well as reasons for applying for this scholarship.  Incomplete applications will not be considered.

Have two scholarship recommendations submitted, one from an academic advisor and one from an employer.

Have an official academic transcript forwarded to the Scholarship Committee. Financial need will be considered in the awarding of the scholarships.

Grant Program

The Derek Hughes/NAPSLO Educational Foundation has established a grant program for colleges, universities and other educational institutions to obtain grants for the purpose of creating, conducting, expanding and promoting programs in insurance education, and developing and conducting projects related to the surplus lines insurance industry.

The Board of Directors of the Foundation will establish the criteria and procedures for accepting, reviewing and approving grant requests and proposals. The Foundation Board will annually establish a budget for the grant program. Any decision to accept or reject an institution's application for a grant is within the complete discretion of the Derek Hughes/NAPSLO Educational Foundation Board of Directors.

Qualifying Criteria
The applicant institution must have an established insurance or risk management degree program or a representative number of insurance or risk management courses.

The applicant institution must submit a written application to the Foundation for grant monies.

The written application must contain at least the following information:

Statement of purpose for the grant.

Amount of money required to accomplish the purpose, including a project budget outlining, in detail, proposed expenditures and how the Foundation grant money would be used.

Indication of time it will take to complete the project for which the grant money is requested.

Other
The grant program will be administered by the Foundation's Selection Committee, which was established by the Foundation Board to evaluate and select applicants for scholarships from the Rolland L. Wiegers Educational Scholarship Program.

For more information, contact the Foundation.