Distribution of Equity (ReLiEF/SELF)

In July of 1986, the NCSIG joined the Northern California Regional Liability Excess Fund Joint Powers Authority (ReLiEF), a retrospectively rated program, for excess property and liability coverage above the NCSIG’s SIR. Each year, ReLiEF’s actuary will review the prior years’ experience, determine if unallocated equity exists, and if so, return to member districts/JPAs the unallocated equity in accordance with ReLiEF’s Retrospective Adjustment of Equity Plan.

It shall be the policy of the NCSIG that all unallocated equity returned by SELF to the NCSIG shall be returned to the districts, which are the members of SELF.