Why won't the Fund compete on "bid" situations like other insurance companies?

Responding to a request for proposal with a "bid" implies that we can "sharpen the pencil" for certain members but not for others. We can't. Your quote is your quote, regardless of whether or not you ask another insurer to provide a competing quotation.

The Fund is not an insurance company; it is a group self-insurer. After we receive regulatory approval for our rates, experience modification factors and annual dividend distribution, we prepare our members' renewal quotations and mail them no later than April 15. Once mailed, the Fund's rates and a member's experience modifier cannot change.

This is the reason we do our best to keep rates as low as possible, to return dividends promptly, and to administer the Fund as efficiently as possible. If we don't do these things, a competitive insurance marketplace won't let us escape unscathed.