Nonprofits Insurance Alliance

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Home / About / Financials / Dividend Plans / ANI Dividend Plan

ANI Dividend Plan

Alliance of Nonprofits for Insurance, Risk Retention Group® (ANI) is a member-governed 501(c)(3) charitable risk pool created and operated exclusively for the benefit of other 501(c)(3) tax-exempt nonprofits. Now more than 11,000 members strong, ANI holds an A IX (Excellent) rating from AM Best.

ANI and its affiliate Nonprofits Insurance Alliance of California® (NIAC) are examples of the power of nonprofits working together. In addition to offering stable and affordable liability coverage, specialized claims service, and a variety of resources to help members avoid accidents, ANI is delighted to be able to establish this Dividend Plan to reward member loyalty and commitment to loss control.

ANI’s financial results vary depending on the claims experience of its members. When ANI’s financial results are better than expected, we believe that it is in the best interests of our members to outline how we propose to share this success with them. However, ANI’s Board of Directors wants to make it very clear that we believe that it is also in the best interests of ANI and its members for ANI to be assigned an A VII (Excellent) rating from AM Best prior to declaring any dividends. This would require ANI to have at least $50 million in surplus. Consequently, ANI will not be in a position to declare a dividend for many years to come.

However, to let members know how such dividends will be calculated when ANI has reached a size when dividends may be declared, ANI has developed a Dividend Plan. A summary of the plan is provided below:

In any year that a Company-wide Dividend is declared by the ANI Board of Directors, members that qualify will receive a Member Dividend check within 30 days of their subsequent policy renewal with ANI. The amount of that check will vary depending on the premium size paid by a member, their claims experience, and the length of time they have been insured by ANI. Members begin accruing Loyalty Credits immediately. Loss Ratio Credits begin accruing after six years of continuous membership with ANI. Each member’s check will be a pro-rata portion of the Company-wide Dividend declared by the board of directors. A qualifying member is eligible for a dividend beginning the January 1 following three full policy years of continuous ANI membership.

For complete details about how each Dividend is calculated, including the timing of any payments, please review the full Dividend Plan linked below. Please refer any questions about this plan to Pamela Davis, 831-621-6018 or pdavis@insurancefornonprofits.org.

For complete details click here
For a brief Q & A of the plan click here

Learn More

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  • About
    • Nonprofits Insurance Alliance®
    • Mission & History
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    • Sustainability & Equity Practices
    • Boards of Directors
    • Senior Leadership
    • In the News
    • Videos
    • States Covered
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    • NONPROFITS OWN®
      • Commercial General Liability
      • Directors and Officers Liability
      • Flat Rate D&O
      • Non-Owned/Hired Auto Liability
      • Umbrella Liability
      • Businessowners Property (NIAC)
      • Improper Sexual Conduct and Physical Abuse Liability
      • Social Service Professional Liability
      • Employee Benefits Liability
      • Business Auto Liability
    • Companion Programs
      • Auto Physical Damage (ANI)
      • Businessowners Property (ANI)
      • Employee Dishonesty (ANI)
      • Participant/Volunteer Accident
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AM Best A IX (Excellent) Rating

The insurance policy, not this website, forms the contract between the insured and the insurer. The policy may contain limits, exclusions, and limitations that are not disclosed in this website. Coverages may differ by state. NIAC, ANI, and NANI are AM Best A IX (Excellent) insurers with 501(c)(3) nonprofit status. Nonprofits Insurance Alliance® is a brand of Alliance Member Services® (AMS).
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Nonprofits Insurance Alliance® (NIA) is a brand of Alliance Member Services® (AMS). © 1996–2022 AMS.