EIIA operates as a not-for-profit 501(c)(3) Illinois corporation. The Board of Directors meets semi-annually and includes college presidents, business officers, and representatives from the General Board of Higher Education and Ministry of The United Methodist Church . The EIIA Board of Directors provides oversight and policy making decisions regarding the operation of the EIIA programs. An EIIA Advisory Council comprised of 20 chief financial officers provides direction on specific insurance needs that higher education institutions must address. It is this guidance that has resulted in the superior quality of the insurance programs designed specifically for the benefit of member institutions.