History & Governance
The SEG Self-Insurer Workers’ Compensation Fund was created in 1977, when many commercial insurance carriers viewed the public school market as high risk and unprofitable. The purpose of the Fund was, and still is, focusing on the needs of Michigan public schools and ensuring they have access to comprehensive workers’ compensation with steady rates.
The Fund is comprised and governed by a board of trustees known as educational leaders from across the state. Board members are elected by Fund members and serve three year terms. The board is responsible for establishing the Fund’s investment policy in accordance with state regulations in addition to other oversight duties.