The Texas Water Conservation Association Risk Management Fund was created by
Texas water districts and authorities to provide a comprehensive program of
self-insurance for its membership. Through this program, member districts and
authorities pool their risks and combine resources to obtain greater stability
and economies of scale for risk management.
The Fund is a self-insurance pool created under Texas law through interlocal
agreements among water districts and authorities and the Fund. In addition
to self-insurance coverage, member districts and authorities receive risk management,
legal, and loss prevention services tailored to meet their unique needs.
Purpose
The Fund exists solely to provide coverage protection and risk management services
for its member water districts and authorities. Its objectives are to provide
long-term stability in coverage, attain lower costs, develop improved risk management
practices, and allow its members more control over their management of risk.
Origin
The primary force leading to the Fund's creation was the general instability
of the commercial insurance markets in the mid-1980's. During that period,
water districts and authorities as well as other public entities entered a period
of crisis when the cost and availability of liability insurance became a serious
problem. Districts and authorities responded by working with the Texas Water
Conservation Association to develop a collective solution. The result was the
formation of the Texas Water Conservation Association Risk Management Fund,
which began operations in July 1988.
Leadership and Management
The Fund is governed by a ten-member Board of Trustees which is comprised
of senior management from member districts and authorities. The Board includes
representation from large authorities with hundreds of employees and small districts
with only a few. The Board of Trustees retains the services of JI Specialty
Services, Inc., a third-party administration firm, to handle the day-to-day
operations of the Fund.
How to Join the Fund
Water districts and authorities that are members of the Texas Water Conservation
Association are eligible to participate in the Fund. A district or authority
that is interested in becoming a member should contact the Fund Administrator.
You can send an e-mail from this web site, or call 800-580-8922 and ask for
Greg Womack, Program Executive.
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