In existence since July 1981, the Fund is an exclusive self-insured workers compensation program for Michigan Banker Assocation members and Associate Members (to the extent they would qualify under the bank/finance SIC code).

A main attraction to the Fund is its ability to return premium, known as a distribution, not needed for claim purposes to its eligible members. Collectively, qualified members have enjoyed a share of un-needed claim premium and investment income in excess of $16 million since the Fund's inception. In some instances, individual member distributions have exceeded their annual work comp renewal premium.

The Fund also specialized in loss prevention in conjunction with its excess carier. Members have resources and tools available to them through the Fund's website (http://mbwcf.mibankers.com ) that assist them with their day-to-day workers compensation management.

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