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About BETA

BETA's Competitive Strengths: Financial Structure

As a California joint powers authority (JPA), BETA Risk Management Authority (BETARMA) pays no federal income tax, state income tax or state premium tax. These savings, along with careful management of contributions and reserves, have allowed BETA to maintain stable rates and low operational costs.

2010 BETA Financial Summary

  • Annual member contributions: $79 million
  • Total assets: $486 million
  • Fund balance: $175 million
  • AM Best rating: A- (Excellent); financial size category VIII

 
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