MSA clubs get substantial insurance rebate
The MSA has returned a total of £342,000 to event-organising clubs, representing 18.6 per cent of their 2015/16 insurance fees paid.
All event-organising clubs pay ‘per capita’ insurance fees in respect of competitors, which they then provide to the MSA to cover insurance management costs.
The MSA works hard to obtain the best possible insurance arrangements. At the same time, through risk management and by establishing a partial self-insurance scheme, the governing body aims to ensure a surplus over premiums and to make a rebate to the clubs concerned.
Rob Jones, MSA Chief Executive, said: “This is a ‘thank you’ to the clubs concerned in recognition of their commitment not only to providing first-class events but also to keeping safety as the priority. The result is that we are able to maintain low premiums and to provide this rebate.”
Clubs do not need to apply for the rebate, as it has already been paid directly into the nominated bank account details held by the MSA. Cheques have been sent to those clubs for which bank details are not held.
The MSA is the sole national governing body for four-wheel motor sport in the UK, as recognised by the world governing body, the Fédération Internationale de l'Automobile (FIA). The MSA is a not-for-profit organisation (limited by guarantee) comprising around 750 affiliated motor clubs, which are represented by 13 Regional Associations nationwide. The MSA represents approximately 30,000 competition licence holders and 9,500 volunteer marshals and officials, and issues permits for around 5,000 motor sport events every year.
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Release MSA17-001: 11 January 2017 For media information only. No regulatory value.