Background

The Suburban Municipal Joint Insurance Fund commenced operations on January 1, 1994 with 7 charter members. The Fund presently has the following 10 members:

                                                 Date Joined

                                                           * City of Summit                                        1/01/94

                                                * Township of Scotch Plains                            1/01/94

                                                * Borough of Mountainside                              1/01/94

                                                * Borough of Bernardsville                               1/01/94

                                                * Town of Westfield                                              1/01/94

                                                * Borough of Watchung                                     1/01/94

                                                *Township of Bedminster                                 1/01/94

                                                   Township of Bernards                                     1/01/96

                                                   Borough of Far Hills                                         1/01/98

                                                    Township of Harding                                      1/1/10

* Denotes Charter Member