Earlier this month, the Risk Management Foundation (RMF) began to distribute statements to chapters for the 2015 to 2016 school year via email. By Sept. 15, 2015, chapters must pay their balances in full, schedule a payment plan, or notify the RMF and Sigma Chi International Fraternity Headquarters that they have secured insurance coverage elsewhere. Chapters that obtain coverage outside of the RMF must send written notification to the RMF’s officers with at least 15 days’ notice to avoid incurring a cancellation penalty.
Payment plan options are as follows: Full payment by Sept. 15; half payment by Sept. 15 and final payment by Feb. 15, 2016; or seven monthly installments due Sept. 15, Oct. 15, Nov. 15, Dec. 15, Jan. 15, Feb. 15 and March 15.
Chapters that choose the seven monthly installment plan will incur a 1 percent interest charge per month, based on the account’s remaining balance. Option Nos. 1 and 2 are interest-free.
For more information, email the RMF or call (847) 869-3655, ext. 231.