You are here
Fund Structure
- Fund members pay premiums into the Fund. Premiums are determined based on the payroll and loss experience of member.
- The Fund invests premiums until they are needed.
- Approximately 25% of premiums go towards operating expenses and the purchase of excess insurance.
- The remainder of collected premiums are dedicated to member claims.
- Premium that is not used to pay fund expenses or claims is returned back to the members, along with any investment income earned.