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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.