Chapter Fees and Payment Plans - 2010-2011 - Theta Xi Fraternity

THETA XI FRATERNITY2010-2011 Risk Management/Claim Experience ModelThe following criteria are utilized to determine the actual assessment billed to each chapter/colony.This model is designed to reward chapters/colonies that have established a record of strong riskmanagement practices and strong academics consistent with Theta Xi’s Risk Management Policyand Statements of Position; in addition to rewarding good claim experience.Chapters/Colonies, which have violated the Fraternity Risk Management Policy, and/or have beeninvolved in incidents which have resulted in claims, are surcharged. The criteria for credits andsurcharges are listed below:1. For risk management violations over the past two years:• For one violation, a 10% surcharge will be applied.• For two violations over the same period, a 50% surcharge will be applied.• For three violations over the same period, a 200% surcharge will be applied.2. For claims which occurred over the past two years:• For each claim, which occurred in the past two completed policy years where the reserveor paid claim is $10,000 or less, a 10%, surcharge will be applied.• For each claim, which occurred in the past two completed policy years where the reserveor paid claim is more than $10,000, but less than $50,000, a 25% surcharge will beapplied.• For each claim, which incurred in the past two completed policy years where the reserveor paid claim is $50,000 or more, a 50% surcharge will be applied.3. No claim over the past two completed policy years will earn a credit of 5%.4. Chapters without a house will earn a credit of 20%.5. Chapters that employ a live-in non-member resident advisor (housemother, resident advisor)will earn a credit of 20%.6. Chapters that adopt a dry house policy that prohibits the storage or use of alcohol in thehouse and at the great majority of events/activities conducted by the chapter, whether on oroff their property, may apply to the Executive Director to earn a credit of 5%. Chaptersinterested in applying for this credit should contact Executive Director Jim Vredenburgh atFraternity Headquarters 800-783-6294, ext 104 or jim@thetaxi.org.7. A Chapter/colony grade point average above the all-male average for each of the past twoacademic terms earns a 10% credit. A chapter/colony grade point average above the allmaleaverage for one of the past two academic terms earns a 5% credit. A grade pointaverage of .2 or more above the all-male average for one or two of the two of the past twoacademic terms will double the credit earned. When comparison grades are not available, achapter/colony grade point average of 3.0 or better on a 4.0 scale will qualify thechapter/colony for these credits.8. GreekLifeEdu - Based on the percentage of returning members who have successfullycompleted GreekLifeEdu, a maximum credit of 10% ranging up to a maximum surcharge of10% will be included in the chapter assessment.