SSAs are accounts which allow reciprocal members to share in the Exchange’s underwriting profit. For Tower Hill Insurance Exchange members, SSAs will be established at a later date upon the Exchange's achieving underwriting profitability. Details on how the SSA works are spelled out in the Subscriber’s Agreement that the member is required to sign and return.
Once the account is established, the member will be able to monitor their balance; however, they will not be able to access their balance until they leave the Exchange and are no longer a member. Accounts cannot lose value in the event the Exchange has an unprofitable year. Distribution of fund balances is at the sole discretion of the AIF but must be pre-approved by the Florida Office of Insurance Regulation (FLOIR).