2018-05-14T19:07:37-05:00 2017-06-30 350921680 CROWE HORWATH LLP 175 Powder Forest Drive Simsbury CT 060897902 990 2016-07-01 461828839 Fiat Lux Risk and Insurance Company FIAT 5109879820 1608 Rhode Island Ave NW Washington DC 20036 Nathan Brostrom Chair/CFO 2018-05-10 true Kristin Anderson P01231300 8606789200 2016 2022-09-23 18:48:47Z NATHAN BROSTROM 1608 Rhode Island Ave NW Washington DC 20036 429131049 false X N/A X 2012 DC Manage and self-fund general, professional terrorism, & other liability losses as well as terrorism property damage exposures, for regents of the UC and its affiliates. 8 2 0 2 64110 61110 0 0 27975945 216406675 959398 10159745 0 0 28935343 226566420 0 0 0 0 0 0 0 0 0 45952216 367756507 45952216 367756507 -17016873 -141190087 79916785 939237057 87901195 928674920 -7984410 10562137 X THE COMPANY'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 COMPANY 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 CORPORATION'S OVERALL ACTIVITIES. true false 366959197 216406675 The organization provides insurance coverage to the University of California. The casualty program includes workers' compensation, medical professional liability, employment practice liability, general liability, and auto liability. The organization provides property terrorism coverage to the University covering direct physical loss or damage to insured properties in the United States of America and resulting from a certified act of terrorism as defined under the Terrorism Risk Insurance Program Reauthorization Act of 2007 (TRIPRA). 366959197 true false false false false false false false false false false false false false true true 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 5 0 true 0 true true false false false false false X 8 2 false false false false false false false true false 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 PRESIDENT 4.0 37.0 X X 0 236646 65440 NATHAN BROSTROM CHAIR/CFO 3.0 37.0 X X 0 421042 70567 CHARLES F ROBINSON SECRETARY 2.0 38.0 X X 0 447291 70723 JANET A NAPOLITANO DIRECTOR 1.0 40.0 X 0 580329 57315 STEVE A OLSEN DIRECTOR 2.0 38.0 X 0 342244 71046 MAX C JONG DIRECTOR 2.0 0.0 X 0 0 0 PHILIP J SUPER DIRECTOR 2.0 0.0 X 0 0 0 NORMAN HAMILL ASST SECRETARY (12/13/16 to Current) 1.0 39.0 X 0 210309 44011 JOHN G FALLE ASST. SECRETARY 1.0 40.0 X 0 300557 69091 0 2538418 448193 0 false true false UNIVERSITY OF CALIFORNIA 1111 FRANKLIN STREET OAKLAND CA 94607 RISK and MEETING SERVICES 520985 Willis Towers Watson Management (Vermont) Ltd 100 Bank Street Suite 500 Burlington VT 05401 CONSULTING AND MANAGEMENT SERVICES 364573 PricewaterhouseCoopers LLP 3 EMBARCADERO CENTER SAN FRANCISCO CA 94111 AUDIT AND ACCOUNTING SERVICES 147970 2 0 Net Earned Premiums 524298 216406675 216406675 0 0 0 0 216406675 9422637 64110 9358527 0 0 203301737 202564629 737108 0 737108 737108 0 0 0 0 0 226566420 216406675 64110 10095635 673579 554006 119573 67885 67885 207372 207372 1731 1731 324671 79671 245000 0 819 819 9338 9338 103208 103208 10623 10623 27974 27974 LOSSES AND LOSS ADJ EXP 366169233 366169233 PREMIUM TAXES 156287 156287 MEMBERSHIP FEES 3787 3787 0 0 0 0 367756507 366959197 797310 0 0 0 321058 539608079 0 0 1010867 3175293 0 0 0 0 2000000 0 0 20383 718465 0 0 0 0 0 373042829 66507216 0 0 12057261 20692391 79916785 939237057 448633 279844 2850103 7724368 84602459 920670708 87901195 928674920 X 5234853 5234853 0 -13219263 5327284 -7984410 10562137 79916785 939237057 X -141190087 2607650 157128984 X false true X true X X X 1 THE REGENTS OF THE UNIVERSITY OF CALIFORNIA 943067788 6 true 0 0 1 0 0 true false false false false false false false false false false false false false false true Loss Reserves and Adjustments 912292626 RELATED PARTY PAYABLE 8339268 Reinsurance Premium Payable 38814 920670708 X 229174070 2607650 0 2607650 226566420 0 0 226566420 242705507 0 0 242705507 125051000 125051000 367756507 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Company was organized and is operated substantially for charitable, scientific and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code. The Company completed its Application for Recognition of Exemption under Section 501(c)(3) of the Internal Revenue Code with the Internal Revenue Service and received approval on December 15, 2015 of this status. As such, no future federal income tax liabilities are expected. In addition, the Company is exempt from state income taxes imposed under the California Revenue and Taxation Code. However, the Company is subject to income taxes on any net income that is derived from a trade or business, regularly carried on, and not in furtherance of the purpose for which it is granted exemption. No income tax provision has been recorded as the net income, if any, from any unrelated trade or business, in the opinion of management, is not material to the basic financial statements taken as a whole. Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements LOSS DISCOUNTING ON AUDITED FINANCIALS (CHANGE IN POLICY PER BOOKS) - XXX-XX-XXXX false false false false false false false false false CHERYL LLOYD PRESIDENT 0 236646 0 0 0 0 0 46427 0 19013 0 302086 0 0 NATHAN BROSTROM CHAIR/CFO 0 412126 0 8916 0 0 0 51071 0 19496 0 491609 0 0 CHARLES F ROBINSON SECRETARY 0 438375 0 8916 0 0 0 51227 0 19496 0 518014 0 0 JANET A NAPOLITANO DIRECTOR 0 571413 0 8916 0 0 0 50350 0 6965 0 637644 0 0 STEVE A OLSEN DIRECTOR 0 342244 0 0 0 0 0 51551 0 19495 0 413290 0 0 NORMAN HAMILL ASST SECRETARY (12/13/16 to Current) 0 210309 0 0 0 0 0 42908 0 1103 0 254320 0 0 JOHN G FALLE ASST. SECRETARY 0 297557 0 3000 0 0 0 50918 0 18173 0 369648 0 0 Form 990, Part III, Line 2 New program services Effective July 1, 2016 the organization began offering property coverage to the University. Effective August 1, 2016, the company began providing excess cyber coverage and student medical stop loss coverage. Form 990, Part VI, Line 11b Review of form 990 by governing body THE COMPANY WORKED WITH AN INDEPENDENT ACCOUNTING FIRM ENGAGED TO PREPARE THE FORM 990 RETURN. THE DRAFT RETURN PREPARED BYTHE ACCOUNTING FIRM WAS REVIEWED AND APPROVED BY THE AUDIT AND FINANCE COMMITTEE 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. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Transfer of Operations - XXX-XX-XXXX; REGENTS OF THE UNIVERSITY OF CALIFORNIA 1111 FRANKLIN ST 10 FL OAKLAND CA 94607 943067788 EDUCATION CA 501(c)(3) 6 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 false false false false false false false false false false false true false true true true false false false