| About The Fund |
The Arkansas Home Builders Association Self-Insured fund began providing workers’ compensation coverage for members of the association in 1993. Since that time the fund has grown and now provides workers’ comp coverage for more AHBA members than any other workers’ compensation market in Arkansas.
This fund was designed exclusively for the association and provides professional claims management, a safety program, a post accident drug testing program, on site loss control, a payment plan, potential dividends, and a long term solution to your workers’ compensation.
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| Information Required for a Quote |
| 1. |
Arkansas Workers’ Compensation Group Application.
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| 2. |
Home Builders Association Membership confirmation form.
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| 3. |
Your current NCCI Data Worksheet. Sign the enclosed release and I will obtain a copy for you.
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| 4. |
Copy of your Workers’ Compensation policies and loss runs for the past two to five years. Preferably five years.
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| 5. |
The Fund cannot cover work outside the state of Arkansas. Therefore, if you are working outside the state, please provide proof of other states coverage.
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| 6. |
An annual financial statement dated within ninety days of proposed effective date that includes a Balance Sheet, Income Statement and signed Affidavit. Both Balance Sheet and Income Statement must be for the same time period.
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| The Pay-Off |
Sound risk management philosophy, as well as our members focusing on loss control initiatives, has resulted in dividend distributions paid back to the members each year since the inception of the fund in 1993. Below is the amount of each year’s dividend and the percentage of the dividend paid to the members in relation to their audited premium.
Participation in this Workers’ Compensation Self-Insured Fund is a member only benefit. This fund was designed specifically for the members of your Association by your Association. The fund currently provides workers’ compensation coverage for more AHBA Members than any other insurer in Arkansas.
While other workers’ compensation providers are struggling to make a profit, the AHBAWCSIF is paying dividends back to members to reward their commitment to risk management and controlling claim costs.
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| Fund Dividend Distributions |
1993 . . . $460,000 . . . 39%
1994 . . . $550,000 . . . 37%
1995 . . . $625,000 . . . 40%
1996 . . . $625,000 . . . 45%
1997 . . . $600,000 . . . 51%
1998 . . . $700,000 . . . 52%
1999 . . . $575,000 . . . 54%
2000 . . . $361,000 . . . 35%
2001 . . . $431,000 . . . 40%
2002 . . . $275,000 . . . 37%
2003 . . . $450,000 . . . 40%
For More Information Contact:
First Arkansas Insurance Pine Bluff
Mike Carter
Phone: 800-467-0415
Fax: 870-535-8318
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