The early to mid 1980’s showed a volatile and sometimes limited market for township insurance coverages. The cost of insurance continued to increase and became very difficult to budget. The TOIRMA Program was developed through extensive research by insurance professionals and the direction of township officials familiar with township coverage problems. The intent of the TOIRMA Program continues as originally directed thirty years ago – to provide members with the most complete coverage available to Illinois townships at an affordable cost.
The TOIRMA Program was established effective June 1, 1986. It is a self-funded group pool as provided by the Joint Self-Insurance Section of the “Intergovernmental Cooperation Act” (Illinois Compiled Statutes). Townships/road districts which are members, in good standing, of the Township Officials of Illinois are eligible for membership. TOIRMA currently has nearly 1,400 township/road district members and over 300 multi-township assessing districts. We are humbled by the fact that we have achieved 99% renewal over the past 30-plus years.
The TOIRMA Program provides a package of coverages for its members including General Liability, Auto Liability, Public Officials Liability, Property, Cyber Liability, Equipment Breakdown (also known as Boiler & Machinery), Auto Physical Damage, Inland Marine, Workers’ Compensation, Treasurer’s Bond, and Accidental Death and Dismemberment. TOIRMA also includes coverages specific to townships/road districts such as Bridge Coverage and the Human Resources Help Line.
Besides providing a full line of coverages tailored to the needs of townships, the TOIRMA Program also provides administrative support, underwriting, claims management, and loss control/risk management.
The Mission Statement provides that TOIRMA will maintain a stable contribution level and we are proud of this accomplishment. We also have a long-standing history of paying an annual dividend. This year the Board of Trustees declared a dividend returning over $2 million to qualifying members. During the 28 consecutive year history of dividends, over $43 million has been returned to members.
The TOIRMA Program is governed by a Board of Trustees comprised of five elected township officials. The board is responsible for monitoring the operations of TOIRMA and works closely with the Executive Director. The Executive Director is responsible for the day-to-day operations of the TOIRMA Program.
At the request of the TOIRMA Board of Trustees, a client satisfaction survey is conducted annually to evaluate the TOIRMA Program. All surveys are reviewed and acted upon accordingly.
The TOIRMA Program is audited annually to assess the accounting principles used and to evaluate the overall financial condition. An actuarial study is also conducted annually to measure the costs of providing coverages and estimating reserves for unpaid losses.
Service to our members remains a priority of the TOIRMA Program.
If we can be of assistance to you, please feel free to contact our staff.