Allocations Model Factors

Allocations Model Factors

Whis is the allocation model and how does it work?
The loss prevention allocation model is a structure that determines how the Fraternity's loss prevention premiums will be financially covered by chapters and individuals. This model factors in credits for each chapter and uses previous chapter membership averages to ensure the fairest and most accurate allocations are distributed for all chapters.

Important Dates
June 1: All recorded credits are assessed and sent to membership and advisors
July 1: All appeals for credits are due to the International Fraternity loss prevention committee
September 15: 75% of all loss prevention chapter fees due
February 1: Remaining 25% of loss prevention chapter fees due

Credit Breakdown
  • Loss Prevention Violation: 5% credit if there has been No violation of the Fraternity's Loss Prevention Policies in the previous two fiscal years. 15% credit if No violations of the Fraternity's Loss Prevention Policies have occurred in the previous four fiscal years. 
  • Claims/Loss History: 5% credit if the chapter has experienced No losses over $750 (paid or reserve) in the previous two fiscal years. 15% credit if the chapter has experienced No losses over $750 (paid or reserve) in the previous four fiscal years. 
  • No Facility: 15% credit if the chapter does not own or lease a facility. 
  • GreekLifeEdu Training (Substitute Programs will not be accepted): 5% credit if the chapter has 50% of the membership certified by GreekLifeEdu (minimum of 5 members). 10% credit if the chapter has 75% of the membership certified by GreekLifeEdu (minimum of 10 members).
  • Educational Conferences: 5% Credit if the chapter has attended the organized Loss Prevention Seminar at the last two Leadership Institutes, Winter Educational Conferences, and Regional Leadership Seminars.
  • 10% credit if the chapter has attended the organized Loss Prevention Seminar at the last four Leadership Institutes, Winter Educational Conferences, and Regional Leadership Seminars.  
  • Non-Participation/Alcohol Free Housing (AFH) Incentive Program: 10% Credit to the chapters that adhere to the AFH Policy.  To be eligible for this discount, chapters must have adhered to the AFH Policy for a minimum of 1 semester prior to the beginning of the next school year.  Any chapter that violates the AFH Policy will not be eligible for the discount the following year.  
  • Property Inspection Compliance Incentive Program (Credit Beginning '08-'09): 10% credit for chapters who have had an insurance inspection of their chapter facility and who have on file with the Fraternity a report that they are in compliance with all recommendations of the inspection report or Loss Prevention Committee approval to defer such compliance.

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