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SEP 191979 BOOK 41. PAq 526 P. 2 records, billing members for premiums, and retaining premium collections, investing idle funds according to Trustee guidelines and making proper and timely disbursements for expenses. The Board of Trustees -has contracted with Risk Management Services, Inc., an insurance services company, for claims handling and safety engineering services. _Risk Management Services prepare and file all claims forms and reports, investigate and pay claims, -and provide representation at all necessary hearings, meetings, conventions, and administrative inquiries involving the interest of the fund and its members. Legal counsel is also provided by.the service company in the litigation directly related to claims. The service company also furnishes data necessary to prepare premium billings and conduct audits of the program. Each member is visited a minimum of twice a year by Risk Management safety engineers. The engineer reviews safety practices and procedures and makes recommendations to improve or correct conditions. Regular contact is made with members having poor loss ratios. Additionally, the service company has obtained reins.urance for the fund through Lloyd's of•London. Lloyd's of London provides specific excess coverage on the fund in the amount of $1,000,000 for each loss above the $100,000 reten- tion of the pool and $1,000,000 aggregate excess coverage -for losses occurring after depletion of 70% of the fund in any one year. Operation 6 Status The Florida Municipal Self -Insurer's Fund offers a 15% discount of standard Insurance rates to applicants. Fifteen percent is the maximum discount allowed by Florida law, and it is available to all applicants regardless.of premium volume. Applicants in the assigned risk pool save the additional 8% surcharge upon joining the fund.