The AMCI Standard

The NEW AMCI Standard of Good Practices - Updated for 2020 Implementation!

Members of AMC Institute have developed a Standard of Good Practices for the Association Management Company industry.  The purpose of this Standard is two-fold: (1) to collectively enhance management practices across Association Management Companies (AMCs) and (2) to assist AMCs in the establishment of internal quality service systems.

The newly updated AMCI Standard of Good Practices for the Association Management Company Industry can be found here.

Download the Standard

Revisions to the December 2018 AMCI Standard were approved in 2019 by the AMCI Board of Directors, AMCI Accreditation and Standards Committee, and interested parties via limited revision canvass, for implementation beginning in 2020. Revisions are as follows:

 6.7.  AMCs shall propose to Client Boards the need for appropriate insurance coverage for the client association which may include but is not limited to General Liability, Directors & Officers (D&O), Errors & Omissions (E&O, with standard-setting riders as appropriate), Property, Employee Dishonesty, and Cyber insurance coverage for Association Professional Liability Insurance (APLI) to include those component coverages.; if declined, this fact shall be recorded in writing.

7. Insurance Coverage

 7.1.  AMCs shall have in place a comprehensive insurance program that provides the following minimum coverage for the AMC, where such coverage is available.  For all the policy coverages listed below, reasonable exceptions will be allowed for required coverage minimum amounts that arise from currency conversion issues or any other legitimate business justification.  An AMC that does not carry at least the minimum coverage amount noted for any policy must submit a written explanation to justify an exception that details the reasonable business or practical need for the exception (“Exception Request”).  The reviewer must submit the Exception Request with its report.