2020-06-30T09:47:09-05:00 2019-06-30 350921680 CROWE LLP 175 Powder Forest Drive Simsbury CT 060897902 990 2018-07-01 461828839 Fiat Lux Risk and Insurance Company FIAT 5109879289 1608 Rhode Island Ave NW Washington DC 20036 Cheryl Lloyd President 2020-06-30 true Kristin Anderson P01231300 8606789200 2018 2020-09-23 17:36:50Z CHERYL LLOYD 1608 Rhode Island Ave NW Washington DC 20036 848663707 false X N/A X 2012 DC The purpose of Fiat Lux is to finance the University of California's self insured retentions, to purchase reinsurance directly, and to issue to the university of California's certain bespoke insurance policies. 8 2 0 2 258295 254545 0 0 239201454 275675122 10888950 24893475 0 0 250090404 300568597 0 0 0 0 0 0 0 0 283860880 259253879 283860880 259253879 -33770476 41314718 1089219812 1209049946 967837988 1016731688 121381824 192318258 THE ORGANIZATION'S PRIMARY MISSION IS TO OPERATE FOR THE BENEFIT OF AND TO PROMOTE AND SUPPORT, DIRECTLY OR INDIRECTLY, THE INTERESTS AND PURPOSES OF THE REGENTS OF THE UNIVERSITY OF CALIFORNIA. IN FURTHERANCE OF THIS PURPOSE, THE ORGANIZATION PROVIDES: (A) IMPROVED RISK MANAGEMENT PRICING PREDICTABILITY AND COST STABILITY; (B) ENHANCED RISK MANAGEMENT, AND PROTECTION AND COVERAGE OF LESS TRADITIONAL RISKS AND ESOTERIC RISKS; (C) A FOUNDATION FOR DEVELOPMENT AND IMPLEMENTATION WITHIN THE REGENTS OF MORE FORMALIZED RISK FINANCING POLICIES AND PROCEDURES; AND (D) INSURANCE COVERAGE FOR EXTERNAL THIRD PARTIES, INCLUDING BUT NOT LIMITED TO, AGENTS, AFFILIATES, ASSOCIATIONS, JOINT VENTURES, AND PARTNERSHIPS OF OR IN WHICH THE REGENTS OF THE UNIVERSITY OF CALIFORNIA PARTICIPATES OR OWNS AN INTEREST PROVIDED THAT SUCH THIRD PARTY COVERAGE IS NO MORE THAN AN INSUBSTANTIAL PORTION OF THE ORGANIZATION'S OVERALL ACTIVITIES. false false 257950231 275675122 The purpose of Fiat Lux is to finance the University of California's self insured retentions, to purchase reinsurance directly, and to issue to the University of California's certain bespoke insurance policies. To date and in total the organization provides over 40 different coverages and risk financing arrangements to the University of California. 257950231 true false false false false false false false false false true false false true false true true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 9 0 true 0 true true false false false false false false false X 8 2 false true false false false false false true true false false true true true true false false false false false CA X Ashley Lamell 8022642087 100 Bank Street Suite 500 Burlington VT 05401 CHERYL LLOYD Director/PRESIDENT 4.0 36.0 X X 0 255115 40151 NATHAN BROSTROM Director/Chair/CFO 3.0 37.0 X X 0 433304 43628 CHARLES F ROBINSON Director/SECRETARY 2.0 38.0 X X 0 463101 49346 JARID BECK DIRECTOR 1.0 0.0 X 0 0 0 RONALD S CORTEZ DIRECTOR 2.0 38.0 X 0 384899 43265 ERIN GORE DIRECTOR 1.0 0.0 X 0 0 0 JANET A NAPOLITANO DIRECTOR 1.0 39.0 X 0 588353 31273 RACHAEL NAVA DIRECTOR 1.0 39.0 X 0 374623 49261 NORMAN HAMILL ASST. SECRETARY 1.0 39.0 X 0 231227 38607 CHRIS C HARRINGTON ASST. SECRETARY 2.0 38.0 X 0 244529 24041 0 2975151 319572 0 false true false Willis Towers Watson 100 Bank Street Burlington VT 05401 Consulting and Management 554780 PricewaterhouseCoopers 30 Main Street Suite 500 Burlington VT 05402 Accounting 224361 Bickmore Risk Services 1750 Creekside Oak Drive Sacramento CA 95833 Risk Services 185417 3 0 Net Earned Premiums 524298 275675122 275675122 0 0 0 0 275675122 21966736 258295 21708441 0 0 551021849 548095110 2926739 0 2926739 2926739 0 0 0 0 0 300568597 275675122 258295 24635180 1141272 788772 352500 42158 42158 174600 174600 496587 496587 504363 504363 0 0 132394 132394 7430 7430 37273 37273 LOSSES AND LOSS ADJ EXP 256508500 256508500 PREMIUM TAXES 148596 148596 Income Taxes 52268 52268 MEMBERSHIPS AND SUBSCRIPTIONS 4923 4923 3515 0 3515 0 259253879 257950231 1303648 0 67196564 14531400 33459284 1521119 0 0 0 2000000 11550000 3067970 3233452 0 0 0 0 925705402 1010468611 13749592 110873364 0 44041000 56872000 1089219812 1209049946 30731277 640812 0 937106711 1016090876 967837988 1016731688 X 121381824 192318258 121381824 192318258 1089219812 1209049946 41314718 29621716 0 X false true X true X X X 1 THE REGENTS OF THE UNIVERSITY OF CALIFORNIA 943067788 2 true 0 0 1 0 0 true false false false false false false false false false false false false false false false Schedule A, Part IV, Section C, Line 1 Majority director detail Control and management of the Regents of the University of California (the supported organization) is vested in the same persons that manage and control Fiat Lux Risk and Insurance Company (the supporting organization). Six out of the eight directors of the supporting organization must be officers and employees of the supported organization, and five of those six persons are in key management roles of the supported organization: 1) the President of the supported organization 2) the CFO of the supported organization (who serves as the supporting organization's BOD chair) 3) the General Counsel of the supported organization 4) the Chief Risk officer of the supported organization 5) the Chief Operating Officer of the supported organization Alternative Investments 110873364 F 110873364 Loss Reserves and Adjustments 976168671 UNEARNED PREMIUM RESERVES 15228393 RELATED PARTY PAYABLE 24693812 Reinsurance Premium Payable 1016090876 329641458 29621716 0 29621716 300019742 496587 52268 548855 300568597 258705024 0 0 258705024 496587 52268 548855 259253879 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Income Taxes - 52268 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Income Taxes - 52268 false false false false false false false false false CHERYL LLOYD Director/PRESIDENT 0 242637 0 0 0 12478 0 20820 0 19331 0 295266 0 0 NATHAN BROSTROM Director/Chair/CFO 0 403170 0 8916 0 21218 0 22025 0 21603 0 476932 0 0 CHARLES F ROBINSON Director/SECRETARY 0 431456 0 8916 0 22729 0 22055 0 27291 0 512447 0 0 RONALD S CORTEZ DIRECTOR 0 379561 0 0 0 5338 0 23935 0 19330 0 428164 0 0 JANET A NAPOLITANO DIRECTOR 0 550937 0 8916 0 28500 0 21600 0 9673 0 619626 0 0 RACHAEL NAVA DIRECTOR 0 346399 0 8916 0 19308 0 21970 0 27291 0 423884 0 0 NORMAN HAMILL ASST. SECRETARY 0 219560 0 11667 0 0 0 19276 0 19331 0 269834 0 0 CHRIS C HARRINGTON ASST. SECRETARY 0 243029 0 1500 0 0 0 19403 0 4638 0 268570 0 0 Form 990, Part VI, Line 15 The officers of the organization are compensated by a related organization, the Regents of the University of California for their services to the related organization and the organization. The process used by the related organization to determine compensation included all of the elements described in Line 15. Form 990, Part VI, Line 3 Delegation of management duties THE ORGANIZATION CONTRACTS THE SERVICES OF WILLIS TOWERS WATSON TO PROVIDE SPECIALIZED INSURANCE MANAGEMENT SERVICES. Form 990, Part VI, Line 11b Review of form 990 by governing body THE ORGANIZATION WORKED WITH AN INDEPENDENT ACCOUNTING FIRM ENGAGED TO PREPARE THE FORM 990 RETURN. THE DRAFT RETURN PREPARED BY THE ACCOUNTING FIRM WAS REVIEWED BY SENIOR MANAGEMENT AND A COMPLETE COPY OF THE RETURN WAS PROVIDED TO THE ENTIRE BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Line 12c Conflict of interest policy PURSUANT TO THE CONFLICTS OF INTEREST POLICY, AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE, AIMED AT DETERMINING ANY FAMILY AND BUSINESS RELATIONSHIPS AND TRANSACTIONS OR OTHER TRANSACTIONS THAT MAY POSE A POTENTIAL CONFLICT, IS DISTRIBUTED TO ALL COVERED PERSONS (I.E. BOARD MEMBERS, OFFICERS, EXECUTIVE LEADERSHIP OR KEY EMPLOYEES). COVERED PERSONS ARE REQUIRED TO DISCLOSE REAL OR POTENTIAL CONFLICTS AT THE TIME WHEN SUCH CONFLICTS ARISE. WHEN SOMEONE BECOMES A COVERED PERSON AND ANNUALLY THEREAFTER, EACH COVERED PERSON IS REQUIRED TO SIGN A STATEMENT AFFIRMING THAT HE/SHE: (1) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; (2) HAS READ THE POLICY AND UNDERSTANDS SAID POLICY; AND (3) AGREES TO COMPLY WITH ALL REQUIREMENTS OF THE POLICY, INCLUDING COMPLETING THE CONFLICTS OF INTEREST QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE BOARD AND ANY PERSONS WITH ACTUAL OR POTENTIAL CONFLICTS ARE INFORMED VIA WRITTEN COMMUNICATION. THE PROCEDURES FOR ADDRESSING ANY CONFLICT OF INTEREST INCLUDES, BUT IS NOT LIMITED TO, THE FOLLOWING: (1) THE CONFLICTING INTEREST IS FULLY DISCLOSED TO THE BOARD; (2) THE INTERESTED PERSON RESPONDS TO FACTUAL QUESTIONS RELATED TO THE SUBSTANCE OF THE TRANSACTION OR ARRANGEMENT BEING CONSIDERED, AFTER WHICH HE/SHE SHALL LEAVE THE MEETING; (3) THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; (4) ALTERNATIVES TO THE PROPOSED TRANSACTION ARE INVESTIGATED, COMPETITIVE BIDS OR COMPARABLE VALUATIONS ARE OBTAINED; (5) ANY CONFLICTING ISSUES DURING THE COURSE OF A BOARD MEETING WHICH CANNOT BE RESOLVED IS REFERRED TO THE GOVERNANCE COMMITTEE; AND (6) THE TRANSACTION OR ACTION MUST BE APPROVED BY A MAJORITY OF DISINTERESTED PERSONS. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. REGENTS OF THE UNIVERSITY OF CALIFORNIA 1111 FRANKLIN ST 10 FL OAKLAND CA 94607 943067788 EDUCATION CA 501(c)(3) 2 NA false UC HEALTH RRG 1608 RHODE ISLAND AVE NW WASHINGTON DC 20036 813768942 INSURANCE DC REGENTS OF THE UNIVERSITY OF CALIFORNIA C Corporation 0 0 0 false Eureka Insurance Company PCC 1608 Rhode Island Ave Nw Washington DC 200363206 822295487 Insurance DC Regents of the University of California C Corporation 0 0 0 false Eureka One IC 1608 Rhode Island Ave NW Washington DC 200363206 833747089 Insurance DC Regents of the University of California C Corporation 0 0 0 false false false false true false false false false false false false true true true true true true false false