General Facts
| Eligible Members: |
Various types of contractors |
| Plan Year: |
April 1 through April 1 |
| Number of Members: |
1700 |
| Approximate Annual Premium (To Date) |
$42,000,000 |
| Plan Reinsurer: |
Safety National Casualty Corporation
A. M. Best Rating: A (Excellent), with a Financial Strength rating of IX
|
| Reinsurance Specifications: |
Specific Contract: $1,000,000 retention with Statutory limits
Aggregate Contract: Self-funded by the Association
Employers' Liability: $100/500/100
Additional limits can be requested |
| Projected Refunds: |
Over the long term we expect employers to receive an average
of 30% per Plan Year. Actual 19 year average: 37% (for members
incurring no losses) |
| Administrator: |
Self-Insured
Concepts, Inc. - Midlothian, Virginia |
| Service Company: |
Landin, Inc. - Richmond, Virginia |
| Regulatory Agency: |
Virginia
Bureau of Insurance - Richmond, Virginia |
| CPA Firm: |
Adams,
Jenkins & Cheatham, P. C. |
| Minimum Entry Premium: |
$7,500 (roofers $10,000) |
|
