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| Florida Insurance Trust is entering its Third Year!
In January 2007, Governor Crist signed into law Florida Statute 624.4625. This statute allowed for the first time in Florida for two or more non-profits to legally to pool together for purchasing of their workers’ compensation, property, liability, professional and auto insurance. By utilizing an insurance trust arrangement, the non-profit is able to reduce the insurance premium expenses without sacrificing any coverages.
History was created when the Florida Insurance Trust (FIT) was formed in May 2007 and received authorization from the Florida Office of Insurance Regulation on June 8, 2007 to begin operations. FIT is the first insurance trust for non-profit entities in the state of Florida and to date remains the only one.
No private or publicly traded insurance company owns the Florida Insurance Trust! FIT is a member owned insurance trust which is governed by a board of directors which is comprised from the membership of the trust. Please visit the board of director’s page for a bio on each of the directors.
FIT supported on a daily basis by the professional administration staff of Non-Profit Insurance Services Inc., (NPIS). NPIS is the only insurance program administrator exclusively dedicated to working with the state of Florida’s not for profit entities. For more information regarding the Florida Insurance Trust, please contact NPIS at 888-794-7771 or 407-936-2132.
- Save The Date!
2010 Florida Insurance Educational Retreat
Thursday, October 21 - Friday, October 22, 2010.
Rosen Shingle Creek Resort Orlando, FL
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Administered by Non-Profit Insurance Services, Inc.
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