Why is a surplus contribution necessary in order to be insured by SCRUBS RRG?
Under the LRRA a RRG is a member owned insurance company, in which all insured’s must be owners and all owners must be insured’s. As such, all groups joining SCRUBS RRG are required to make a contribution to surplus. This contribution can in certain circumstances be spread over up to five (5) years and sixty (60) payments via financing options provided by SCRUBS RRG. In total, the contribution is equal to fifty percent (50%) of the fully mature claims made premium.
