MEXICO — The Mexico Water District has received a $230 dividend check from the Maine Municipal Association as a result of its claim experience and good risk management activities, district trustees said in a statement.
MMA offers three insurance-related, self-funded pools for municipal and quasi-public entities, such as water districts: the Workers Compensation Fund and the Unemployment Compensation Fund, both formed in 1978, and the Property & Casualty Pool, formed in 1987. The programs are overseen by governing boards of elected and appointed municipal officials, who review the programs’ overall loss to see whether dividends may be paid.
Patricia Kablitz, director of risk management services for MMA, said that more than 90 percent of program participants have received dividends this year because of positive risk management practices. This year, the three pools are returning more than $1.3 million to members.
Since 1997, more than $13.2 million in dividends have been delivered to participating members.
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