AssesmentExperience
RISK MANAGEMENT ASSESSMENT
The chapter Risk Management Assessment
(Insurance Coverage) is billed in two parts durring the academic term, on October
1st and February 1st.
The fee paid to the National Fraternity provides each chapter/colony with:
- Liability Insurance
- Member Accident Protection Program
- Fidelity Bond Coverage
The assessment is based on total chapter/colony size (total initiated and associated
members) as of July 1st. The cost varies each year based on the premium
assigned Theta Xi by our insurance company FRMT, LTD.
The factors affecting insurace costs
are as follows:
Credits are given for:
- Dry House (30%)
- Non Member Advisor (20%)
- No House (10%)
- No Claims in the Last 2 Years (5%)
- 0.2 Above the All-Male GPA - 1 Semester (5%), 2 Semesters (10%)
Surcharges are enforced for:
- Risk Management Violations:
- Claims
