Government Entities Mutual, Inc.
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How GEM is Capitalized

GEM is capitalized through surplus contributions of its members. GEM Surplus surpassed the $25 million mark on 12/31/12 and the Board has set a new target of $38 Million by the year 2020.

GEM's membership categories and capitalization requirements

There are three membership categories: Founding Member, Premiere Member, and Associate Member.

There are fourteen Founding Members that made capital contributions to GEM prior to October 1, 2003. This membership class is no longer open.

Premiere Members are those that join GEM after October 1, 2003 and make the required contribution to surplus.

To qualify for Premiere Member status, a pool must meet GEM underwriting standards and contribute capital, the same required by Founding Members. The surplus contribution requirement is 40% of the net written reinsurance premium ceded to GEM. The minimum capital requirement is $100,000, if the formula above produces a lower surplus contribution amount.

Executive Office: 116 South River Road, Building D, Unit 4, Bedford, NH 03110
Domiciliary Office: 1444 I Street, NW, Suite 950, Washington, DC 20005
ph: 603.223.0321   fax: 202.318.3220
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