Fiat Lux Risk And Insurance Company

Fiat Lux Risk and Insurance Company is a nonprofit organization based in Washington, D.C., dedicated to supporting the University of California. Its primary function involves financing the university's self-insured retentions, purchasing reinsurance directly, and issuing custom insurance policies. The organization enhances risk management for the university by providing cost stability and coverage for less traditional and esoteric risks. By functioning as a foundation for more formalized risk financing policies and procedures, Fiat Lux enables the University of California Regents to better manage and protect their interests. Additionally, Fiat Lux offers insurance coverage for external third parties, such as agents, affiliates, associations, joint ventures, and partnerships, provided that such third-party coverage constitutes an insubstantial portion of the organization's overall activities. In total, Fiat Lux has provided over 40 different coverages and risk financing arrangements to the University of California.

Fiat Lux Risk And Insurance Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fiat Lux Risk And Insurance Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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Fiat Lux Risk and Insurance Company exists to support the interests and purposes of the University of California's Regents. Its primary role is to finance the university's self-insured retentions, purchase reinsurance directly, and issue custom insurance policies. By doing so, Fiat Lux provides improved risk management pricing predictability, enhanced risk management, and protection for less traditional and esoteric risks. Furthermore, it serves as a foundation for more formalized risk financing policies and procedures within the Regents. The organization offers over 40 different coverages and risk financing arrangements to the University of California.

Fiat Lux Risk And Insurance Company's revenue in 2022 was $917,692,875.

The Fiat Lux Risk And Insurance Company’s most recent form 990 was submitted in 2022 and can be accessed here