 |
Q: Who operates the Group?
A: A Board of Directors comprised of MMA members has been established to oversee the Group. Board members are elected by the Group's Participants. Board members serve without pay. Jay C.Moon, CEcD, President & CEO of MMA, also serves as Administrator of the Group. Foster Welburn, Director of the Work Comp Group handles the day to day operations. CCMSI is the service company that handles claims management and loss prevention.
Q: What is joint and several liability?
A: Member Companies are individually and collectively responsible for Group's finanical obligations.
Q: Why is joint and several liability required?
A: State law requires this provision for all workers' compensation groups in Mississippi as protection for the Group and its members.
Q: Can member companies be assessed?
A: Yes. In the event that losses exceed anticipated levels assessmentscould be required. However, the Group's actuarial consultant reports to the Board of Directors on a semi-annual basis to ensure sound underwriting and rate adequacy. Most self-insured groups generate surpluses that are returned to their members.
Q: Is more information available?
A: Yes. Please call the Mississippi Manufacturers Association at 601-948-1222.
Q: Who should I contact for general information about the Group?
A: Renee DeRusso, Sales Director
Telephone: 601-948-1222
Cell: 601-573-3636
Fax: 601-949-3320
Email: renee@mma-web.org
Q: Who should I contact for underwriting information?
A: AmFed Companies
Telephone: 601-853-4949
Toll Free: 1-800-264-8085
Q: Conclusion?
A: The Mississippi Manufacturers Association has served its members for over 50 years and is pleased to offer the Work Comp Group as an exclusive benefit to Association members.
The Group undergoes rigorous financial auditing on a regular basis, including those conducted by an outside CPA firm, actuary firm and audits conducted by both our reinsurer and the Mississippi Workers' Compensation Commission.
|
|