Does the WCRA make a profit?
The WCRA is a nonprofit organization. The association strives to optimize pricing, coverage, and customer service for its members, but its rates contain no profit margin. Therefore, the Board periodically examines the association’s financial position in light of expected costs. Excess funds may be distributed to policyholders or members, or the Board may make assessments if there is a shortfall. These actions are determined in accordance with Minnesota law, the Board’s policies, and the association’s Plan of Operation.
