Fiat Lux Risk and Insurance Company

The organization's primary mission is to operate for the benefit of and to promote and support, directly or indirectly, the interests and purposes of the regents of the university of california. In furtherance of this purpose, the organization provides: (a) improved risk management pricing predictability and cost stability; (b) enhanced risk management, and protection and coverage of less traditional risks and esoteric risks; (c) a foundation for development and implementation within the regents of more formalized risk financing policies and procedures; and (d) insurance coverage for external third parties, including but not limited to, agents, affiliates, associations, joint ventures, and partnerships of or in which the regents of the university of california participates or owns an interest provided that such third party coverage is no more than an insubstantial portion of the organization's overall activities.