Manchester Municipal Risk Management Authority

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Upcoming Meetings
07.23.19 Technology & Cyber Security Advisory Committee Meeting
08.14.19 Membership Committee Meeting
08.15.19 2019 Annual Meeting
08.15.19 Investment Committee Meeting
08.15.19 State Pool Committee Meeting
08.15.19 Greenstone Insurance Company Board of Managers Meeting

Featured Training
09.14.19 Basic Patrol Rifle School
10.03.19 Rescue Task Force (RTF) Training

What's New/Hot Topic From MMRMA to You
MMRMA Announces RAP/CAP Grant Updates, New Forms Effective July 1, 2019
Please click for more information on the revisions and contact Membership Services if you need assistance.

June 2019
Smooth Transitions Help Employees and Organizations Thrive; MMRMA Announces RAP/CAP Updates, New Application Forms; Annual Meeting Preview.

Board Announces Distribution to Members

Posted: Monday, February 21, 2011

At its February meeting, the MMRMA Board of Directors approved a $19,660,124 excess net asset distribution for the benefit of the membership. The Board also approved the 2010 Net Asset Policy Report, including the results of the most recent capital adequacy analysis, which determines the necessary net assets needed. This will be our fifth distribution of excess net assets to members. With this distribution, MMRMA has distributed almost $57,000,000 to its renewing members since 2006.

As in prior years, distributions will be provided to current renewing members. Based on the distribution rules adopted by the Board, most members will receive their share of this distribution following their membership renewal. The allocation will once again be based on (1) prior year continuous membership, (2) prior year general fund contributions, and (3) loss experience.

The Board also adopted a plan to allocate an additional $9,830,062 in excess assets for short and intermediate term rate reductions. The impact of this action will vary on a member by member basis taking into consideration changes in exposure, loss experience and other underwriting criteria. The purpose of using a portion of excess net assets for rate reduction is to ensure predictability and stability in contributions for current members and to attract new members.


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Michigan Municipal Risk
Management Authority

14001 Merriman Road
Livonia, MI 48154

MMRMA has been a leader in municipal risk since 1980 and remains committed to meeting the ever-expanding challenges faced by its membership. MMRMA's risk control services are designed to help its members identify, prevent, and mitigate losses through on-site surveys, training, and other services. MMRMA also provides its members with premier claims and legal services, sound financial management, and essential news on the latest developments in public risk management.


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