Notices
In accordance with recent changes to Section 10(a)(2) of the Farm Mutual Act (“the Act”) by the Illinois General Assembly through SB 765, Jerseyville Mutual Insurance Company will be reducing its catastrophic reinsurance coverages from unlimited catastrophic coverage to “adequate” catastrophic coverage. “Adequate” catastrophic reinsurance coverage is defined in the Act. This reduction in catastrophic reinsurance coverage increases the risk retained by Jerseyville Mutual Insurance Company and therefore increases the possibility that members will be assessed.