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How the Fund Works

The MRL Fund, administered by Regency Group, is owned by its members and operates similar to an insurance company – providing the same employer protection and paying claims to employees injured on the job. The key difference is that it saves members money by operating with reduced overhead expenses and applies the savings to the group’s premium, leaving more money to pay for claims. The money that is not used to pay for claims, and any investment income, is returned back to the members over time. As the Fund ages, members receive profit returns from a number of Fund years. Members receive average profit returns equal to 48% of their premium. The MRL Fund is protected from large losses by the purchase of excess loss insurance to further enhance its stability and profitability.

For most members, the money savings is the primary reason they insure with the MRL Fund. It has proven to dramatically reduce the overall costs of their workers’ compensation insurance.