RMF Subscription Fees Past Due
The 2012–13 Risk Management Foundation (RMF) statements were distributed via email in early August. By Sept. 15, 2012, chapters should have paid in full, schedule a payment plan, or notify the RMF and the General Fraternity that they have secured insurance coverage elsewhere.
If a chapter chooses to obtain coverage outside the RMF, they must inform the RMF, in writing, with at least 15 days notice to avoid a cancellation penalty. The insurance coverages required of a chapter by the Fraternity are spelled out in General Fraternity Executive Committee Regulation (ECR) 6.02-i-4.
Payment plan reminders are as follows:
1. Full payment was due by Sept. 15, 2012.
2. Half payment was due by Sept. 15, 2012, and the final payment by Feb. 15, 2013.
3. Seven equal monthly installments, the first installment was due Sept. 15, and the following installments are due Oct. 15, Nov. 15, Dec. 15, Jan. 15, Feb. 15, and March 15.
A 1-percent interest charge per month will be assessed for option No. 3. Options No. 1 and No. 2 are interest-free. If your chapter chose option No. 3, the RMF will send via e-mail a statement for each monthly installment due during the first week of the month, beginning with the installment due for October, for which payment is due by the 15th of that month.
Statements are sent to the Consul, Quaestor, risk manager, chapter advisor, house corporation president and treasurer, the Grand Praetor and Grand Trustee for the chapter and any insurance contacts and financial advisors designated by the chapter.
Anyone with questions can contact the RMF at firstname.lastname@example.org.