Mississippi Health Care Association Self Insurers’ Fund

‘The last few years have presented greater challenges to our nation’s economy than most of us have experienced in our lifetime. Most of us have never seen anything to compare with it. Many companies, including major insurance companies, experienced economic instability and even failure. As the “experts” try to figure out what went wrong, we hear convincing arguments giving contradicting opinions and we realize that there is no clear simple answer. However, a common thread seems to run through all of the explanations, that of greed and the failure to use good common sense.nnAll of the insurance products provided to Mississippi nursing home owners by the MHCISC are also owned by Mississippi nursing home owners. The basic theme directing the operations of each is “sound conservative management” which includes among other things, the use of good common sense!nnAll of our insurance programs fall under the regulation of one or more governmental bodies, be it the Department of Insurance, Department of Labor, the Workers Compensation Commission or a combination thereof. These regulatory bodies prescribe minimum standards for authority to operate our insurance plans. Among these standards are minimum financial strength, minimum reinsurance (insurance on an insurance plan or company) and a management staff, including Directors, of unquestionable character. You can be proud of those persons at the helm of your plans and the dedication to service which they embody.’