About Us
On December 15, 1995, ten public school districts formed the Diploma Joint Insurance Fund. These charter members joined together pooling their resources in an effort to obtain workers’ compensation insurance at a competitive fee.
Each member had an ownership and a duty to define the structure and coverages they would have, which set the stage for the next 26 years.
The growth of the fund lead to expanded coverage options for property and casualty insurance.
Currently, the fund represents members from Atlantic, Cumberland, Essex, Hudson, Mercer, Middlesex, Monmouth, Ocean, Somerset and Union Counties.
Mission Statement
Diploma is a joint insurance fund that commenced operations December 15, 1995 in an effort to provide a comprehensive insurance program to school districts with similar exposures and risks through the pooling of resources. We strive to provide predictability and long-term stability of pricing, while managing risk through extensive safety and claims management programs.
How is Diploma Governed?
Diploma JIF operates as a state regulated joint insurance fund. Its members elect a seven-member Executive Committee, which is responsible for the fund’s operations.
The day-to-day operations are the responsibility of Risk and Loss Managers, Inc. (RLM). RLM is an experienced joint insurance fund administrator with offices in West Windsor, New Jersey.
Fund Professionals
Actuary – The Actuarial Advantage, Inc.
Administrator – Risk and Loss Managers, Inc.
Attorney – Sciarrillo, Cornell, Merlino, McKeever & Osborne LLC
Auditor – Withum, Smith & Brown
Claims Administrator – Qual-Lynx
Custodian of Funds – Kenneth MacMillan
Investment Manager – PFM Asset Management, LLC
Managed Care – Medlogix, LLC
Safety/Loss Prevention Specialist – J.A. Montgomery Consulting