surrendered or dormant pools
Since 1984, when Kansas first authorized pools, 11 have either surrendered their certificate to operate, become dormant or,
in the case of BASIF, become a mutual insurance company. The 11 surrendered or dormant pools include:
n Builders Association Self-Insurance Fund of Kansas
Became Builders Mutual Casualty Company on July 1, 2008
n Kansas Manufacturers and Commerce Self Insurers Fund
Surrendered its certificate April 1, 1998
n Medicalodges Affiliates Workers Compensation Self Insurance Pool
Surrendered its certificate on November 1, 1998
n Kansas Chamber of Commerce Workers Compensation Corporation
Went dormant January 1, 1998
n Kansas Health Care Association Workers Compensation Insurance Trust
Became dormant on February 1, 2007
n Western Association Self Insured Workers Compensation Trust
Surrendered its certificate March 31, 2000
n Kansas Electric Cooperatives Workers Comp Group Self Insurers Pool
Surrendered its certificate June 30, 1998
n Kansas Transportation and Industry Self Insurers Fund
Surrendered its certificate April 1, 1998
n Kansas PIA Workers Compensation Corporation (Printing industry)
Surrendered its certificate December 20, 2005
n Associated Builders & Contractors Self Insurers Fund, Inc.
Surrendered its certificate November 22, 1999
n Kansas Aggregate Ready Mixed Association Self Insurance Fund
Surrendered its certificate August 1, 1995
with $639,959 disbursed back to its members. Among the
private pools, the Kansas Building Industry Fund, Kansas
Association of Homes for the Aging Insurance Group,
Kansas Automobile Dealers Workers Compensation Fund
and Wichita Auto Dealers Self Insurance Fund also paid
out dividends. Notably, the Kansas Building Industry Fund
paid out $400,000 in dividends to its members despite
an overall loss of $1.1 million for the year. Among the
Log Home
public pools, the Kansas Eastern Region Insurance Trust
paid out the highest in dividends at $784,756. The Kansas
Association of School Boards Workers Compensation Fund
also paid out dividends ($274,952).
premium earned
The Kansas Building Industry Fund remains the largest in
the state in terms of premium earned with $10.2 million,
which is down slightly from $10.4 million
the prior year. The Kansas County
Association Multiline Pool and the Kansas
Workers Risk Cooperative for Counties are
the largest in terms of premium earned
with $6.06 million and $5.8 million
respectively.
Manufacturing
(Difficult to place?)
Not for us!
At Mid-Continent Group, we’ve been a preferred
market for Oil & Gas Operations, Construction,
Contractors’ Equipment, Contract Surety —
and difficult to place accounts — since 1947.
MID-CONTINENT GROUP
negative balances
& assessments
The Kansas Employers Workers
Compensation Fund continues to
work toward a positive fund balance.
The pool had managed the fund from
a negative $1.48 million balance to a
negative $647,823 balance in 2013, but
experienced further losses in 2014,
which increased the negative balance
to $744,178. The Medicalodges Fund
also continues to work toward a positive
balance with a negative $37,171 in the
fund for 2014. None of the pools assessed
their members this past year.
800-722-4994 / www.mcg-ins.com
Products underwritten by Mid-Continent Casualty Company and Oklahoma Surety Company.
1437 S. Boulder, Suite 200 | Tulsa, Oklahoma 74119. Member of Great American Insurance Group, Cincinnati OH
|November-December 2015| KANSAS INSURANCE AGENT & BROKER
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