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Fund Structure

  • Fund members pay premiums into the Fund. Premium is calculated based on the payroll and loss experience of the member.
  • The Fund invests the premium until it’s needed to pay claims.
  • Approximately 25% of premiums go toward operating expenses and the purchase of excess insurance.
  • The remainder of collected premium dedicated to member claims.
  • Premium not used to pay Fund expenses or claims is returned back to the members, along with any investment income earned.