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The M.A.I.S.L. Workers’ Compensation Fund is a workers’ compensation risk sharing pool operating by authority of MCLA 418.611. This program was founded in 1993 for school districts seeking a more economic alternative to their existing workers’ compensation programs and greater year to year stability of costs. In establishing this program the Fund has combined the group purchasing power of multiple districts with the expertise of its business managers. Further strategic and tactical support is provided by carefully selected insurance agents, consultants, attorneys and claims administrators. The Fund program dedicates a major portion of member contributions to a shared loss fund as an alternative to traditional commercial insurance. This Fund is supported by excess coverage from Safety National written at statutory per occurrence limits. This coverage responds to catastrophic occurrences (in excess of $400,000) and provides stop loss coverage to provide protection against an excessive accumulation of losses in any individual program year. Consistent with Department of Labor regulations the program is fully funded up to the attachment point of its stop loss coverage. The Fund operates with a board structure that assures that each district has a voice in the operation of the Fund. The Fund Board meets four times a year, with each district in attendance having a vote on key issues. As a result, the Fund remains sensitive to the needs of its members. The Fund works with its members to reduce losses and deliver services as economically as possible within the framework of prudent management. To achieve this objective, the Fund has overseen the implementation of a Return-To-Work Program and conducts periodic training in loss prevention and claims handing. Service level of the Fund has consistently ranked high among workers’ compensation pools in Michigan as documented in the Department of Labor lag time report. The Fund has also instituted a Managed Care Program to reduce costs. Results of the program have consistently earned dividends for its members. Through the use of a loss transfer portfolio, the Fund has accelerated the return of dividends to its members while reducing its outstanding claims. The Fund enjoys a high level of cooperation among its members -- both on coverage related and non-coverage related issues. Since its inception, the Fund has increased its membership from 10 to 12, and has suffered only minimum attrition. The purpose of the M.A.I.S.L. Workers’ Compensation Fund is to control the cost of workers’ compensation to school districts, retain district dollars, allow input into litigation, and increase loss prevention measures to decrease claims. This is accomplished through the interaction of the board trustees with the M.A.I.S.L. staff, service providers and attorneys. If you are interested in membership in the M.A.I.S.L. Workers’ Compensation Fund, please contact:
Sandra Motz, Fund Administrator |
