Posted On: December 13, 2004, 1:40 pm CST

Posted By: Jimbo

Was this set up by Frankel? Anyone who would set up a pooling plan and not have it properly funded or charge the needed premiums to keep it going or not set up proper underwriting standards has breached their fiduciary duty and should be held liable. I helped set up 2 programs in the 1980's that are still going strong and the investment income pays most of the bills. The members are still reaping the benefits, but the members also have the right to veto any business who did not have the proper programs and culture in place. The members have to control their destiny, not some "advisor" or worse yet, an association.