The University Insurance Association (UIA) Board represents all UW System employees who are members of the University Insurance Association. The Board also administers the decreasing term life insurance offered by the UIA. Faculty, academic staff and limited appointees, who meet the annual eligibility requirements for membership, are automatically considered members of the UIA and are covered by the decreasing term life insurance administered by the UIA Board.

The University Insurance Association and the UIA Board were established in 1939 to promote the welfare of the public employees of the University of Wisconsin engaged in teaching, research, or administration by providing life insurance to its members. The life insurance is meant to supplement retirement benefits that may provide inadequate protection to the families of employees who die before retirement or after a short period of service.