Risk Management Assessment

What is the RMA?

The RMA is an annual fee that is paid to the General Fraternity. Each chapter is billed a per member fee each semester. The base fee for each chapter is $260 per man per year or $130 per man per semester.

There are six categories that the RMA is based off of: Housing, Claims and Incident History, Operating Standards, CORE Section H, EVERFI Completion, and Insurance Requests. Depending upon how a chapter rates in each of these categories depends on whether it pays more or less per semester.

What does the RMA pay for?

The General Fraternity uses the RMA to offset the costs of the General Fraternity insurance program, to build the Fraternity’s insurance reserves to protect us against future claims, and to pay for Harm Reduction Education costs.

What does the RMA pay for?

The General Fraternity uses the RMA to offset the costs of the General Fraternity insurance program, to build the Fraternity’s insurance reserves to protect against future claims, and to pay for Harm Reduction Education costs.

Why isn’t COVID-19 a factor in the RMA?

Our current insurance premiums are not affected by COVID-19 and whether students are on campus full-time or not, so we cannot change how we assess chapters in that way.

Additional credits will be considered at the end of the term pending incidents and campus operating plans.

Why has the housing portion of the RMA increased?

Fraternity facilities have been shown to increase risk and likelihood of incident for a chapter and the General Fraternity has not increased this charge proportionately. This was the most equitable way to assess chapters for the risk associated with these facilities.

What do I do if I feel that my chapter’s RMA is incorrect?

Please contact Director of Health & Wellness, Jessie Ashton (jashton@lambdachi.org), and explain why you feel there is an error. If there is an error, the chapter will receive a credit on its balance. All information must be received by October 15, 2020 prior to the close of business. No credits will be issued after this date.

What is the best way for my chapter or colony to save money?

The biggest areas that chapters can improve are operating standards, EverFi, and Officer Academy. These are the areas that the chapter has the most control over. Between the sections, chapters have an opportunity to save almost $50.00 per man per semester. As a general rule of thumb, a chapter that adheres to polices and uses sound harm reduction practices is less likely to experience an incident or claim.

Will the RMA be different in the spring? 

The Spring RMA will incorporate GS&R Attendance and the completion of the Dyad Strategies Brotherhood Survey. It will not include Officer Academy, nor EverFi. There may be other changes made with the launching of the new
Learning Management System (LMS), which your Chapter Support Coach,
Health & Wellness Coach, or Expansion Development Specialist will keep you
apprised of.

Who do I contact if I have any questions? 

Please contact the Director of Health and Wellness, Jessie Ashton (jashton@lambdachi.org) with all questions and concerns. As always, your chapter’s Chapter Support Coach, Health & Wellness Coach or Expansion Development Specialist is also a valuable resource.