MADA Self Insurers Fund’s Second Year of $1 Million Dividend and Another Rate Cut For the second consecutive year, the Mississippi Automobile Dealers Association Self Insurers Fund (MADA SIF) Board of Trustees has approved a $1 million dividend for participating dealerships, along with a rate reduction of 5.8%. Both the dividend and the reduced rates will take effect on April 1, 2026. Fund Chairman Walt Massey credited the continued success of the program to the strong safety culture across participating dealerships. “Once again, the MADA SIF has proven year over year to be the most efficient way for our dealers to purchase workers’ compensation insurance,” Massey said. “The $1 million dividend is a direct result of the excellent safety records maintained by the fund’s participants and their employees.” Established in 1989, the MADA SIF remains one of the most valuable benefits of MADA membership. The fund delivers meaningful savings to Mississippi dealerships while also generating critical non-dues revenue that supports the association’s work on behalf of its members. Governed by dealers and administered by CCMSI, the fund is structured to remain closely aligned with the needs and priorities of participating dealerships. This year’s dividend represents a significant milestone for the program, pushing total distributions to policyholders beyond a remarkable $20 million since the fund’s inception. The newly approved rate reduction continues a long-term trend of declining costs, marking the seventh consecutive year of rate decreases and an overall reduction of 32% since the initiative began. Beyond the financial advantages, the success of the MADA SIF plays an important role in strengthening MADA’s advocacy efforts. Quarterly contributions from the fund help support the association’s work at the Mississippi Capitol, including defending franchise laws and advancing legislative priorities critical to the future of franchised new automobile and truck dealers. Without this revenue, members could face higher dues or reduced representation. Available exclusively to MADA members, the Self Insurers Fund remains a powerful and unmatched resource for Mississippi dealers. By helping dealerships control workers’ compensation costs while also supporting MADA’s broader mission, the MADA SIF continues to demonstrate the tangible value of association membership and its role in advancing the automotive industry across the state. 14
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