Starting in the Fall of 2016, a chapter's RMF membership subscription fee for general liability insurance will be rated based on several new factors.

General Liability Program

As a further program enhancement, and to more fairly distribute the costs of our shared-risk program, RMF is expanding the experiential ratings that determine an undergraduate chapter’s membership subscription fee. For Sigma Chi Chapters participating in the RMF Program, RMF will be expanding the rating system to include possible credits or surcharges:

 

Factor

Description

+/- %

Number of UG Members

See Allocation Formula (w/Renewal Quotes each May). Based on chapter’s adjusted membership count averaged over previous school year

 

Claims History

Assesses chapters that have demonstrated a high frequency or severity of claims. Information older than five years is N/A

-1 to +60%

Risk Management Violations

Based on discipline reviews from prior school year (frequency and severity)

0 to +10%

Alcohol Free Facility and/or

3rd Party Venue

Based on how Chapter hosts events with alcohol at a chapter facility or 3rd party venues

-5 to +15%

Fully Sprinklered House

Credit if fully sprinklered

-5%

Risk Management Plan

Plan signed by all brothers, and submitted to RMF by 9/30 each year.

-3% or +3%

Security/Monitoring

Security alarm or CCTV monitoring.

-3%

RMF Award Winner

If Recognized as REJ Award recipient

-2%

Peterson Award Winner

Credit if recognized as a Peterson chapter

-1%

Property Program

As a further program enhancement, and to more fairly distribute the costs of our shared-risk program, RMF is expanding the experiential ratings that determine a house corporation's membership subscription fee. For house corporations participating in the RMF Property Program, RMF will be expanding the rating system to include possible credits or surcharges:

 

Factor

+/- %

Construction Class (frame, JM, MNC, MFR, and fire resistive)

0 to -5%

Protection Class (1-10)

+/- 3%

Recent Renovations and/or Life Safety Upgrades (within 3 years)

- 5%

Enhanced Security/Monitoring (alarm or cameras)

- 3%

TIV Submission (within 12 months)

- 2%

Inspection Rating

+5 to -15%

Alcohol and Substance Free Facility

+/- 5%

TIV Ratings (currently in use)

 

Sprinklers

-20%

Monitored Alarms

-$300 to +$450

Claims History (Losses Paid vs. Premium Collected, 3 years)

-1% to +60%