Tuesday, June 22, 2010
SCHB Self Insurers Fund announces premium refund for members
For the second consecutive year, the S.C. Home Builders Self Insurers Fund (SIF) has announced a premium refund to it members. The SIF is a cooperative fund available exclusively to Home Builders Association members in South Carolina. The premium refund will total $750,000.
The SIF workers' compensation claims experience continues to be favorable and the Board of Trustess made the decision to refund a portion of premiums paid by members participating in the fund in 2009. Members who participated in the SIF in 2009 for their workers' compensation insurance needs will receive a refund. The refund will be distributed in August.
The SIF was formed in 1995 under the leadership of the Home Builders Association of South Carolina. The SIF's purpose is to serve the needs of members of the Home Builders Association in South Carolina. The SIF provides a stable, cost-effective source of workers' compensation coverage for their members. Over its 15-year history the SIF has fulfilled its mission and remained available to members of the Home Builders Association in South Carolina when other insurance companies have stopped writing workers' compensation insurance coverage or left the state completely.
SCHBSIF: an exclusive benefit of members of the Home Builders Association of South Carolina.